11. Concept of Indirect Taxes at a glance:
Background;
Constitutional powers of taxation;
Indirect taxes in India – An overview;
Pre-GST tax structure and deficiencies;
Administration of Indirect Taxation in India;
Existing tax structure.
12. Basics of Goods and Services Tax ‘GST’:
Basics concept and overview of GST;
Constitutional Framework of GST;
GST
Model – CGST / IGST / SGST / UTGST;
Taxable Event;
Concept of supply including composite and mixed supply;
Levy and collection of CGST and IGST;
Composition scheme & Reverse Charge;
Exemptions under GST.
13. Concept of Time, Value & Place of Taxable Supply:
Basic concepts of Time and Value of Taxable Supply;
Basics concept of Place of Taxable Supply.
14. Input Tax Credit & Computation of GST Liability- Overview.
15. Procedural Compliance under GST: Registration;
Tax Invoice, Debit & Credit Note, Account and Record, Electronic way Bill;
Return, Payment of Tax, Refund Procedures;
Audit.
16. Basic overview on Integrated Goods and Service Tax (IGST), Union Territory Goods and Service tax (UTGST), and GST Compensation to States.
