• GST Practitioner Certification Course - SKILLNET

    Course Description

    The Goods and Services Tax (GST) course provides a comprehensive understanding of the evolution, structure, and impact of GST in India. Introduced as a landmark reform in the field of indirect taxation, GST consolidates a wide array of Central and State taxes into a single, unified tax system, mitigating the effects of cascading or double taxation and fostering a common national market. The course traces the historical development of GST, beginning with its conceptualization in 2000, the formation of committees and task forces between 2003 and 2009, and culminating in its formal implementation on 1st July 2017. Participants will explore key aspects such as exemptions, thresholds, inter-state taxation, and the taxation of services, as well as the policy rationale and economic implications of GST.

    Learners will gain insights into the practical benefits of GST, including:

    A reduction in the overall tax burden on goods and services for consumers, with greater transparency in pricing.

    Enhanced competitiveness of Indian products in domestic and international markets due to neutralization of input taxes across the production and distribution chain.

    Promotion of formalization of the economy and ease of administration owing to GST’s transparent and self-policing framework.

    Potential stimulation of economic growth through a simplified and uniform taxation regime.

    This course equips participants with both theoretical knowledge and practical understanding of GST, making it essential for professionals, students, and business stakeholders seeking to navigate India’s indirect tax system efficiently.

  • What you'll learn:-

    - Understand Key GST Concepts: Learn the fundamentals of GST, including taxable events, scope of supply, and its impact on business operations.

    - Master Taxable Supplies: Explore different types of taxable supplies, such as goods and services, and how they are classified under GST.

    - Navigate GST Registration and Compliance: Gain insights into the process of registration, the role of taxable persons, and the responsibilities of businesses.

    - Apply Reverse Charge Mechanism (RCM): Understand how reverse charge works, including its applicability to unregistered persons and specific goods and services.

    - Master Input Tax Credit (ITC): Learn how to claim and utilize input tax credit, including its limitations and the proper way to reverse credits.

    - Value the Supply Accurately: Understand how to determine the value of taxable supplies, accounting for discounts, related persons, and market value.

    - Grasp the Role of Composition Scheme: Understand the composition levy, conditions, and its tax benefits for small businesses.

    - Analyze Time and Place of Supply: Learn the rules for determining the time and place of supply, an essential aspect for ensuring correct tax liability.

    - Explore Taxability in Various Scenarios: Examine various taxability cases including intra-state and inter-state supplies, and the taxation of goods.

    - Understand Job Work and Exemptions: Explore special provisions for job workers, exemptions available for specific sectors, the process of clearance of goods.

    This course aims to provide participants with a solid foundation in GST, enabling them to effectively manage and comply with GST regulations.

  • Course Content

    MODULE 1 - INTRODUCTION TO GST

    -Introduction to Taxable Event and Scope of Module

    -Taxable Event under GST

    -Supply Under GST AND ANALYSIS

    -Schedules III in Supply of Good or Services

    -Activities and Illustration of GST

    MODULE 2 - MEANING OF GOODS AND SERVICES CHARGEBILITY

    - Introduction to Chargeability in GST

    - Meaning of Services in GST

    - commencement of CGST Act, IGST Act,SGST Act & UTGST Act.

    - levy and collection of CGST & IGST

    - comprehend and analyse the composition levy

    MODULE 3 - Reverse charge mechanism

    - Introduction & Concepts to Reverse Charge Mechanism

    - Reverse Charge for Specified Goods and Services

    - Reverse Charge for Unregistered Person & Examples

    - Registration Requirements

    MODULE - 4 Time of supply and place of supply

    - Introduction to Time of Supply in GST

    - Statutory Provisions

    - Time of Supply of Services in Forward Charges

    - - Example of Goods in Forward Charges

    - Time of Supply of Goods in Case of Reverse Charges

    - Time of Supply of Vouchers

    - Changes in Rate of Tax

    - Provisions for Place of Supply

    - Place of Business with Illustrations

    - Restaurant and Catering Services

    - Organising an Event, Transportation Services, Board of Conveyance

    - Services of Import and Export

    - Transportation of Goods

    MODULE - 5 Taxable person and Registration

    - Intro to Taxable person and Registration

    - Non Resident Taxable Person with illustration

    - Meaning of Aggregate Turnover

    - Single and Multiple Registration and steps

    - Verification of the Registration

    - Structure of GSTIN

    - Cancellation of Registration

    - Electronic Commerce Operator

    - Liability for Registration

    - Summary of Registration

    MODULE 6 - INPUT TAX CREDIT

    - Introduction to Input Tax Credit

    - Identifying the Value Addition

    - Understanding Utilization of Credit

    - Credit of Law for CGST

    - Input Tax Credit & Manner of taking Input Tax Credit

    - Documentary requirement for Claiming ITC

    - Study on Reversal of Credit

    - Summary on Input Tax Credit

    MODULE 7 - GST Return Filing

    - GST Structure, Types of Return, Due dates and Process of filing

    - Filing of New Returns (Beta/Trial) on Govt. website

    - Filing of GSTR 1 to GSTR-11 on Govt website

    - TDS/TCS Adjustments

    - Accessing Act, Rule, Amendment, Notifications etc.

  • Who this course is for:

    • Business owners looking to manage their own GST return filing
    • Accounting professionals seeking expertise in GST taxation
    • Graduates (B Com, M Com, MBA) and professionals aiming to build a career in accounting
    • Jr. and Sr. Accounts Executives or employees in accounts departments
    • Anyone interested in becoming a GST practitioner or earning a GST certification
    • Commerce students, especially those studying for exams like CA, CS, and CMA
    • Anyone who is interested in learning about indirect taxes (GST) of the Indian taxation system

  • Why SkillNet?

    • Globally recognised Platform
    • ISO, MSME from Govt of India
    • Globally accepted certification
    • Lifetime Recording accessibility
    • Join 10,000+ members worldwide
    • Career Guidance
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