Certification for GST


Eligibility: Any Finance Professional professional/CA/CFA/ICWA/CS/MBA Finance

Duration: 55 Hrs


Course Summary

GST is known as the Goods and Services Tax. It is an indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017. In other words, Goods and Service Tax (GST) is levied on the supply of goods and services. Goods and Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. GST is a single domestic indirect tax law for the entire country. We Have designed this course to help tax professional to handle the GST proficiently.  

Course Content:

·         Explain the genesis of GST, the need for its introduction and the Constitutional and legal framework under which it was introduced.

·         Goods supplied VS service supply

·         Deemed supplies and transactions excluded from the scope of supply.

·         Differentiate various types of supplies and identify whether a supply is inter-State or intra-State, exempt or composite supply.

·         Critically analyse whether a given transaction is a supply and define the nature of supply.

·         identify the place of supply of a transaction, thereby pinpointing where the supply should be taxed.

·         Determine the time of supply of a transaction, thereby identifying when the tax needs to be paid.

·         Compute the value of the transaction on which tax needs to be paid.

·         Identify who is required to pay the tax, either under forward charge or reverse charge.

·         Define and explain the key concepts for the ailment and utilisation of input tax credit.

·         Critically analyse whether tax paid on purchases can be availed as input tax credit.

·         Examine whether or when input tax credit availed needs to be reversed and the reasons thereof.

·         Distribute the tax appropriately through an ISD and undertake the necessary compliances.

·         How to file GSTR 1 in the portal.

·         How to match your GSTR sales with the revenue recognition strategy of the company.

·         Impact of E-invoice and match the same with the audited sales.

·         Impact of E-way bill in GST.

·         How to file GSTR 3B.

·         2B VS book reconciliation

·         2A VS book reconciliation.

·         2A/2B VS 3B reconciliation

·         Tax payment and input credit.

·         How to manage credit ledger and cash ledger.

·         GST Annual return and the documentation.

·         Determine when and where to obtain GST registration.

·         Identify the circumstances generating a need for the amendment or cancellation of registration.

·         Understand the process to obtain GST registration on the government portal, including the documentation required.

·         Define and explain the principles governing the need for zero rating and Identify supplies that are zero-rated.

·         Learn about circumstances where GST refund is allowed.

·         Process to obtain GST refund on the government portal, including refund computation, timelines for grant of refund and the documentation required.

·         Learn about responsibilities of a job worker and the compliances to be undertaken.

·         Learn how to handle a GST assessment audit and the documentation

·         Learn how to reply notice and how to handle summon related cases.

·         Case study.


Intec and advantage from the course :

·         Learn the fundamentals of GST and its applicability on a transaction.

·         Learn to obtain GST registration, and prepare, and file returns on the government portal. Undertake reconciliations for filing of returns.

·         Understand when, where and how much tax needs to be paid. Analyse whether input tax credit will be available.

·         Learn to generate E-invoices and E-waybill. Maintain accounts and records to be ready for assessments and audits.

·         Implication of GST TDS.

·         What is benefit of GST TDS in offsetting the liability.

  • How to save huge amount of taxes for your business

·         Learn how to write a proper reply of notice to the government Authority.

·         Learn to write the petition to Government authority.

·         Ultimately learn to manage how a tax professional can save taxes for the company after consideration off all the provision of law.