New Gst Returns

GST Basics : What is GST? Philosophy behind GST and the advantages of GST Preview 03:33

Did you know that around 160 countries in the world follow GST? In this chapter, we will take a walk down memory lane and talk about why GST was introduced in the first place, the idea behind it and the advantages of the system.

GST Basics : How GST removes cascading effect? Preview 09:49

So, with the introduction of GST, we big adieu to several forms of indirect taxes like VAT, CST, Service Tax, CVD, among others. In this lecture, we'll talk about the cascading effect that GST removed from the system.

GST Basics : GST rates, exemption, HSN codes, Supplies, Applicability of GST Preview 00:00

GST Registration : What is GSTIN? Preview 01:15

Did you know that a GSTIN number is longer than a phone number? Yes, it is 15-digit long! In this lecture, we will discuss what GSTIN is and why it is important.

GST Registration : Who has to obtain GSTIN?Registration & Cancellation under GST Preview 00:00

GST Composition Scheme : What is composition scheme? Preview 02:06

Under GST, taxpayers whose turnover is less than Rs 1 crore can get rid of tedious GST formalities and pay GST at a fixed rate of turnover. This simple-yet-interesting scheme is called a composite scheme. In this lecture, we will discuss all about a composite scheme.

GST Composition Scheme : Benefits & Who qualifies for this scheme? Preview 00:00

Basics of Old GST Returns I

This quiz consists of the topics : GST basics, GST registration & composition scheme.

Place of Supply : Importance & Cases Preview 17:08

The very foundation of GST stands on the correct determination of place of supply. In this lecture, we will take you through the importance of place of supply & various cases.

Time of Supply : Importance of time of supply Preview 00:49

Like the place of supply, the time of supply is also of great importance. In this lecture, we will give you a detailed walk-through about time of supply and its importance.

Time of Supply : GST Compliances, Time of Supply for Goods & Services Preview 00:00

Value of Supply : Importance of value of supply Preview 01:21

In this lecture, we will give you a detailed walk-through about value of supply and its importance.

Value of Supply : Determination of value of supply in different cases Preview 00:00

Basics of Old GST Returns II

This quiz contains topics from : Place of supply, time of supply, value of supply

GST Payments : What are e-ledgers? Preview 01:50

With digitisation, ledgers have also been converted to an electronic version? In this lecture, we will talk about e-ledgers and how they were incepted.

GST Payments : Electronic cash, credit & liability registers, challans, PMT-08 Preview 00:00

Refunds under GST : Refund for exports, Inverted Duty Structure, Excess Payment Preview 00:00

Assessment Procedure : Different types of assessments Preview 00:50

In this lecture, we will discuss in detail the different types of assessments.

Assessment Procedure : Best judgement assessment, how to respond to scrutiny Preview 00:00

Offences & Penalties : Penal provisions & changes in the new returns Preview 07:27

In this lecture, we will discuss the penal provisions and changes in the new return system. We will discuss the offences and penalties in detail.

Offences & Penalties : Notices under GST, Different types of notice and response Preview 00:00

Rates : Rate Revisions, anti-profiteering Preview 00:00

Present/ Old GST Returns Systems Preview 00:00

Basics of Old GST Returns III

This quiz consists of these topics : GST payments, assessment procedures, offences & penalties

What is ITC? Preview 05:12

There are specific conditions under which one can claim an input tax credit. We will find out what these circumstances are in this lecture.

Conditions To Claim ITC Preview 04:37

Just when we thought that we have understood the GST system with regard to the Input Tax Credit Utilisation, the Government has now changed the procedure for the order of set-off of the same. While the new rules are fairly simple, let us walk you through how to set-off ITC against liability and cross utilisation in this lecture.

How to Set-off ITC against liability Preview 03:33

In this lecture, we will discuss how to set-off ITC against liability.

Ineligible ITC Preview 08:51

In the lecture, we will discuss about ineligible ITC and look into some cases where ITC under GST cannot be availed.

ITC Reversal Preview 05:51

In this lecture, we will find out about ITC reversal and how one can go about it.

ITC Distributed by ISD Preview 13:47

Did you know, the concept of Input Service Distributor or ISD under GST is a legacy carried over from the service tax regime? In this lecture, we will explore ITC that is distributed by ISD.

ITC on job work Preview 04:29

In this lecture, we will try to understand the impact of input tax credit on job work and repairs.

Understanding of Input Tax Credit (ITC)

This quiz will test your overall progress in the section : Input Tax Credit (ITC)

What is RCM Preview 04:06

Did you know that sometimes a buyer might need to pay tax to the Government instead of a seller? In such cases, reverse charge mechanism applies. In this lecture, we will learn about RCM in detail.

Why is RCM Part of GST Law Preview 02:42

One of the main objectives of RCM is to reduce tax evasion. In this lecture, we will learn about various important reasons that make RCM a part of the GST law.

Cases for RCM Applicability Preview 05:35

Although RCM is an important part of the GST law, it is not applicable in all the scenarios. In this lecture, we will learn about cases in which RCM is strictly applicable.

Understanding of Reverse Charge Mechanism

This is a test on : Understanding of Reverse Charge Mechanism

Issues in Old GST Returns Preview 02:15

In this lecture, we will understand about the issues in old GST returns system.

Philosophy of New GST Returns Preview 02:44

VAT and Service tax issues led to the beginning of the GST returns and now issues in old GST returns is introducing us to new GST returns. This clearly shows, change is the only constant in the Indirect tax regulations in India. In this lecture, we will explain the philosophy of new GST returns.

What is New GST Returns? Preview 05:36

In this lecture, we will understand all about the new GST returns.

Introduction to New GST Returns

This is a test on : Introduction to New GST Returns

New Return Forms - RET 1/2/3 with the applicability Preview 02:46

In this lecture, we will go through the  new return forms - RET 1/2/3 along with its applicability.

Comparison of different return profiles with tables Preview 06:07

If you are a business or a CA supporting a business, the first things you will want to know is what return profile should I choose among Normal Quarterly, Sahaj or Sugam. In this lecture, we will compare different return profiles.

Quick comparison of old and new GST filing procedure Preview 06:02

Comparison with present system and profiling

This is a quiz on : Comparison with present system and profiling

Complete filing process for a Normal Monthly Filer (RET -1) Preview 04:32

In this lecture, we will understand the complete filing process for a normal monthly filer (for businesses having turnover > 5 Cr).

Complete filing process for a Normal Quarterly Filer (RET -1) Preview 03:23

In this lecture, we will understand the filing process for a normal quarterly filer.

Complete filing process for Sahaj (RET -2) Preview 01:20

Did you know that GST SAHAJ is a simplified one-page GST summary return that is to be introduced from October 2019 onwards? In this lecture, we will learn about the complete filing process of Sahaj (RET-2).

Complete filing process for Sugam (RET-3) Preview 02:09

Did you know that GST Sugam is a proposed simplified returns form which is to be introduced by the GST Council from October 2019 onwards? In this lecture, we will decode Sugam (RET-3).

Things to remember for a buyer Preview 03:43

As a buyer, one needs to be aware of certain factors when it comes to new GST returns. In this lecture, we will list out things to remember for a buyer.

Things to remember for a supplier Preview 05:09

As a supplier, one needs to be aware of certain factors when it comes to new GST returns. In this lecture, we will list out things to remember for a supplier.

Complete Analysis of ANX-1 Preview 15:42

In this lecture, we will take a deep dive into Annexure 1 and understand its components.

Complete Analysis of ANX-2 Preview 06:12

In this lecture, we will take a deep dive into Annexure 2 and understand its components.

Complete Analysis of form RET-1 Preview 10:55

Did you know that RET-1 comprises 9 tables? In this lecture, we will take you on a detailed walkthrough of RET-1.

Complete Analysis of RET-2 (Sahaj) Preview 00:00

Complete Analysis of RET-3 (Sugam) Preview 00:00

Formats and filing process

This is a quiz on : Formats and filing process

Importance of Invoice Management Preview 05:39

Invoice management gains importance under new GST returns. It becomes critical to claim the right ITC at the right time for businesses to operate efficiently on its working capital. In this lecture, we will talk about the importance of invoice management.

Amendment to sales invoice - Process Preview 05:03

An all new concept of amendment returns has been introduced in new GST returns system. In this lecture, we deep dive into the process of amendment to sales invoice.

Challans (PMT 08, CMP 08) Preview 00:00

New GST Returns - Case Study Preview 06:09

In this lecture, we demonstrate a live case study of the new GST returns system.

Why matching of purchase books and ANX-2 is important Preview 01:15

In this lecture, we will discuss the importance of matching purchase books and ANX-2.

Complexities in matching Preview 04:54

There are plenty of complexities in matching data in the new GST return system. In this lecture, we will help you deconstruct and understand them in detail.

Concept of Missing Invoices Preview 04:24

Did you know there are some transactions which sometimes never even make it to the purchase books of businesses. One of the biggest example is Bank charges. Bank charges include transaction charges charged on POS, money transfer and many other bank enabled transactions for which businesses do not receive any invoices. These cases are very difficult to identify even post matching with purchse books and many businesses lose out to claiming credit on them. In this lecture, we will understand the concept of missing invoices.

Concept of locking, unlocking and deemed locking of invoices Preview 06:16

In this lecture we will discuss the concept of locking, unlocking and deemed locking of invoices.

How GSTN matching tool works? Preview 00:00

How to address complexities in new GST returns?

This is a quiz on : How to address complexities in new GST returns?

Impact of New GST on Taxpayers Preview 10:48

Migration from pre-GST into GST regime took taxpayers months of reconciliation of the accounts data. Now with the new GST returns getting implemented in stages, taxpayers must be aware of the phases announced, compliance expected, impact on their accounting system and more. In this lecture, we will discuss the impact of new returns on taxpayers.

Reporting Invoices Missed In Old GST Preview 03:29

During the transition, one common question which will arise is : How do we report the invoices missed in the old GST system? In this lecture, we will find out the process to report such missing invoices.

How To Claim ITC From Old GST Preview 03:41

In this lecture, we will find out the ways to claim ITC from old GST returns.

Transition Plan - Old GST Returns to New GST Returns Preview 03:57

In this lecture, we will broadly discuss the transition plan from old to new GST return system.

Accounting Entries That Need To Be Passed Preview 05:44

In this lecture, we will discuss about the accounting entries which need to be passed. We will compare the monthly closing entries between the present and new GST returns system.

Use Cases Of Transition To New GST Returns Preview 03:26

In this lecture, we will discuss various use cases of new GST returns.

Enabling Transition To New Returns For CAs & SME Preview 02:39

How will a CA or SME move to the new filing process? What will be the impact of the new GST returns system on a CA or an SME. We will discuss in this lecture.

Change in Forms In New GST System Preview 06:39

In this lecture, we will discuss the change in return forms in the new GST system.

Transition plan and implications

This is a quiz on : Transition plan and implications

Issues in Old GST Returns (Hindi) Preview 01:37

What is New GST Returns? (Hindi) Preview 02:01

New Return Forms - RET 1/2/3 (Hindi) Preview 04:17

Comparison of different return profiles with table (Hindi) Preview 04:45

Quick comparison of old and new GST filing procedure (Hindi) Preview 07:58

Complete filing process for a Normal Monthly Filer - RET-1 (Hindi) Preview 07:48

Complete filing process for a Normal Quarterly Filer - RET-1 (Hindi) Preview 07:48

Complete filing process for Sahaj - RET-2 (Hindi) Preview 05:16

Complete filing process for Sugam - RET-3 (Hindi) Preview 06:46

Things to remember for a buyer (Hindi) Preview 04:39

Things to remember for a supplier (Hindi) Preview 03:32

Complete analysis of ANX-1 (Hindi) Preview 08:27

Complete analysis of ANX-2 (Hindi) Preview 02:45

Complete analysis of RET-1 (Hindi) Preview 09:02

Importance of invoice management Preview 05:53

Amendment to sales invoice - Process Preview 03:48

Why matching of purchase books & ANX-2 is important? (Hindi) Preview 05:17

Complexities in matching (Hindi) Preview 05:39

Concept of Missing Invoices (Hindi) Preview 06:54

Concept of locking, unlocking and deemed locking of invoices (Hindi) Preview 03:41

Transition Plan - July 2019-March 2020 (Hindi) Preview 06:43

Business Impact - Why is the new GST return system important? (Hindi) Preview 07:00

How to report invoices missed in Old GST? (Hindi) Preview 04:16

How to claim ITC from old GST? (Hindi) Preview 04:50

Accounting entries that needs to be passed (Hindi) Preview 04:31

Use cases of Transition to new GST return system (Hindi) Preview 03:45

Enabling transition to new returns for CAs/SMEs (Hindi) Preview 03:14

Changes in form in New GST system (Hindi) Preview 09:00

Introduction by CA Madhukar N Hiregange Preview 01:51

How to make your team more agile for the transition? By CA Madhukar N Hiregange Preview 09:25

In this lecture, we will outline the learnings on new GST returns for businesses. We will also understand how to make a CA's team or an enterprise finance team more agile to move to the new GST returns system.

Impact of New GST Returns on the industry by CA Madhukar N Hiregange Preview 08:11

In this lecture, we will discuss the impact of new GST returns system on CAs and how does their monthly work change.

Learn about New GST returns under 30 minutes by CA Venugopal Gella Preview 28:48

In this lecture, we discuss the basics of New GST return filing system and how to be prepared for the new return system.

Potential changes in ERP by CA Venugopal Gella Preview 22:03

In this lecture, we will discuss the potential changes in ERP after the introduction of new GST returns.

Key takeaways for CFOs on changes expected in finance function by Amit Aggarwal Preview 06:02

In this lecture, Mr Amit Aggarwal, Head of Corporate Tax at Marico Ltd, will discuss the key takeaways for CFOs on changes expected in finance.

Adoption of technology:Precursor to managing compliance cost - Dinesh Maheshwari Preview 03:57

In this lecture, Mr Dinesh Maheshwari, CFO & Executive director at Future Group, will discuss the role of technology in managing compliance cost.

New GST Returns with ClearTax GST Preview 00:00