Simplest way to learn GST sitting at your home…from basic to advanced level

Finding yourself struck in the middle of GST law’s continuous changes and slew of compliances…. Come and join this journey of GST Learning with A2Z Academy!!

GST Course – Online Comprehensive Course – Webinar in English and Hindi

GST is historical indirect tax reform in India. There has been a paradigm shift in the Indirect Tax structure with the GST rollout on July 01, 2017. It is really important to understand and assimilate the GST in India, new compliances and the changes in processes in operating business. To help professionals and aspirants with the ongoing changes and to make them GST experts A2Z Academy has introduced Live Webinar, a GST Certification Course on GST. The objective of this Course is to provide knowledge to all on the practical aspects of GST.

About the faculty – Bimal Jain

Bimal Jain is a Member of Institute of Chartered Accountants of India since May 1994 and Member of Institute of Company Secretaries of India since December 2006 along with a bachelor’s degree in Law. Also, he is a Qualified SAP – FI/CO Consultant and has more than 21 years of experience in Indirect Taxation and specializes in all aspects of Goods & Service Tax, Service Tax, Value Added Tax (VAT)/ Central Sales Tax (CST), Central Excise, Customs, Foreign Trade Policy (FTP), Special Economic Zone (SEZ), Export Oriented Unit (EOU), Export-Import Laws and well acquainted with the concept and impact of way forward Goods and Services Tax (GST).

A2Z Academy has launched E-GST Certification Course with Bimal Jain which is available online on the website www.a2ztaxcorp.in

Professional Experience: He has an experience of more than 21 years in renowned Companies viz. LG Electronics India Pvt. Ltd, Honda Motorcycle & Scooters India Pvt. Ltd, Hindustan Development Corporation Ltd, Khaitan & Company and presently he is the Executive Director of A2Z Taxcorp LLP – a boutique Indirect Tax firm.

This GST Learning Course is Recommend for: –

  • CAs, CS & CMAs in Practice who wish to diversify their practice in the GST field.
  • CAs, CS & CMAs in Job who wish to get promoted and achieve greater goals.
  • CA, CS & CMA Students and Fresher CAs, CS & CMAs who wish to learn the basic and advanced concepts of GST.
  • IAS aspirants, MBA Finance, ICWA Professionals, LLB practitioners along with Lawyers and students, Accountants and Graduates.
  • Representatives of leading companies, CFOs, Finance and Taxation Directors, Senior Corporate Executives, Tax Consultants, Professionals.
  • Accountants, B. Com/ M. Com graduates who want to get a job under GST.
  • A graduate or postgraduate having a degree in Commerce, Law, Banking including Higher Auditing, or Business Administration or Business Management from any Indian University established by any law for the time being in force.
  • Retired officer of the Commercial Tax Department of any State Government or of the CBEC and has worked in a post not lower in rank than that of a Group-B gazetted officer for minimum period of two years or.
  • Sales Tax Practitioner or Tax Return Preparer under the existing law for a period of not less than five years.

Topic to be covered in Webinar’s:

  • Class 1 : CONSTITUTIONAL BACKGROUND & LEVY OF GST
    • Important Articles of 101st Constitutional Amendment Act, 2016
    • Key entries in Seventh Schedule to the Constitution of India
    • Shortcomings in Pre-GST Indirect Taxation in India
    • Overview of GST & its benefits
    • Levy and Collection of GST – Intra-State and Inter-State supply of goods and services
    • Determining nature of transactions in GST as Intra-State and Inter-State supplies
    • Rates and Exemptions in GST
  • Class 2: TAXABLE EVENT – SUPPLY
    • Meaning & Scope of term ‘Supply’ along with retrospective amendments
    • Schedule I – Supply without consideration
    • Schedule II – Supply of Goods and Supply of Services
    • Schedule III – Neither Supply of Goods nor Supply of Services
    • Meaning of ‘Goods’ and ‘Services’
    • Treatment of Bundled Supply: Composite Vs. Mixed supply
  • Class 3 : TAXABLE PERSON IN GST & RCM WITH REGISTRATION REQUIREMENTS
    • Threshold Limit to charge & pay GST
    • Place of registration
    • When GST registration is not required?
    • When GST registration is compulsory?
    • Reverse Charge in GST – Section 9(3) and 9(4) of the CGST Act
    • Composition Levy
    • Key decisions of the GST Council as regards Threshold Limit & Composition Levy
  • Class 4 : TIME OF SUPPLY & INVOICING PROVISIONS
    • Point in time to pay GST on goods and services – Forward charge and Reverse charge
    • Provisions for issuing invoice, bill of supply, delivery challan and other documents
    • GST applicability on advances
    • Time of supply in other cases viz., supply of vouchers, continuous supply, sale on approval, cessation of service, etc.
    • Credit Note and Debit Note in GST along with amendments w.e.f. 01.02.2019
  • Class 5: VALUATION OF GOODS AND SERVICES
    • Transaction Value
    • Compulsory inclusions in value of supply
    • Treatment of Discounts including post-supply discounts
    • Valuation Rules – Open market value, like kind and quality, cost-based valuation and residual method
    • Important Practical Case Studies on Valuation
  • Class 6 : PLACE OF SUPPLY
    • Principles of Place of Supply in case of supply of goods and services
    • Understanding variations in place of supply provisions in case of domestic and import-exports transactions
    • Practical Illustrations for clarity
    • Various Challenges in determining place of supply and way forward
  • Class 7 : INPUT TAX CREDIT – AVAILMENT & UTILIZATION
    • Eligibility and Conditions for taking ITC on inputs, input services and capital goods
    • Time period to avail ITC
    • Manner of reversal of common ITC (Rule 42 and 43 of the CGST Rules) used for taxable as well as exempt supplies
    • Blocked credits in GST: Pre-amendment Vs. Post-amendment w.e.f. 01.02.2019
    • Availability of ITC in special circumstances
    • Distribution of credit on input services by ISD
    • Multiple examples and case studies
  • Class 8 : EXPORTS AND IMPORTS IN GST
    • Concept of zero-rated supply
    • Requisite conditions for export and import of goods and services
    • Exports to Nepal and Bhutan: Pre-amendment Vs. Post-amendment w.e.f. 01.02.2019
    • Supplies to SEZ unit or developer
    • Deemed exports and Merchant exports
    • Taxability of Merchant trading, High seas sales and In-bond sales
    • Transition of Export Promotion Schemes on implementation of GST viz., duty drawback, advance authorisation, EPCG, duty credit scrips, etc.
  • Class 9 : TDS, TCS (E-COMMERCE), JOB WORK AND E-WAY BILL
    • Who is required to deduct TDS?
    • Manner of deducting TDS and procedural requirements
    • When e-commerce operators are liable to collect TCS?
    • Procedural requirements for E-commerce operators
    • Concept of Job work in GST
    • Procedure of job work and ITC in the hands of principal
    • Requirement of E-Way Bill in GST
    • When E-way Bill is not required?
    • How to generate E-way Bill, its validity etc.
  • Class 10 : GST ANNUAL RETURN & AUDIT
    • Who is required to file Annual Return & When?
    • Is GST Audit mandatory for all taxpayers?
    • How to file Form GSTR-9 and GSTR-9C?
    • Key precautions and safeguards for GST Annual Return and Reconciliation
  • Class 11 : RETURNS & REFUNDS IN GST
    • Forms and due date for filing GST Returns by various registered persons viz., normal taxpayers, composition suppliers, ISD, TDS Deductor, TCS collector etc
    • Matching and Mis-matching of ITC
    • Proposed system of GST Returns under Section 43A of the CGST Act
    • Key features of New Simplified Draft Return Formats
    • Various scenarios when GST refund is permissible
    • Refund of unutilized ITC in case of zero-rated supplies and inverted duty structure
    • Analysis on Rule 96(10) of the CGST Rules – Restrictions when refund of IGST paid on export of goods or services cannot be availed
    • Manner of claimimg refund – time limit, form, documents etc.
    • Doctrine of unjust enrichment
  • Class 12 : INSPECTION, SEARCH, SEIZURE; DEMAND & RECOVERY; OFFENCES AND PENALTIES
    • Power to inspect, search and seize
    • Inspection of goods in movement
    • Recovery proceedings in fraud and non-fraud cases
    • Tax collected but not paid to government
    • Manner of recovery of tax including provisional attachment to protect revenue
    • Various offences and their penalties
    • Confiscation of goods or conveyances and levy of penalty
  • Class 13: PROSECUTION & COMPOUNDING, APPEALS, ADVANE RULING ETC.
    • Non-bailable and Bailable offences
    • Offences by companies and certain other persons
    • Compounding of offences – When allowed, when not allowed and manner of the same
    • Filing of appeals at Appellate Authority, Appellate Tribunal, High Court and Supreme Court
    • Mandatory pre-deposits at various levels
    • Provisions of Advance Ruling
    • Anti-profiteering measure along with HUL and Mc Donald’s case
  • Class 14: ACCOUNTS & RECORDS ALONGWITH OTHER MISC. PROVISIONS
    • Maintenance of accounts & records by registered persons
    • Maintenance of accounts & records by other specified persons viz., wok contractors, agents, principal -job worker etc.
    • Other Misc Provisions
  • Class 15 : CRITICAL ANALYSIS OF IMPORTANT ADVANCE RULINGS & EMERGING CHALLENGES IN GST
    • Key 10 advance rulings in GST
    • Their impact on businesses
    • Key safeguards required to avoid litigation in future
    • Important judgments of pre-GST era relevant for GST
    • Emerging issues and challenges in GST

Benefits of GST Certification Course:

GST is the latest amendments in the Indian taxation regime which has brought plethora of opportunities for taxation and finance professionals in the field of practice as well as jobs. Few of the important benefits of learning GST are enumerated below:

  • Becoming GST Ready for the Future.
  • Ability to understand various new compliance requirements under GST regime.
  • In-depth understanding of GST provisions.
  • Learn more about Impact of GST on various sectors and their business models.
  • Practical Training Exposure for GST Registration, Certificate and similar issues.