Goods And Service Tax In India A Brief Introduction
Tags: Goods and Services Tax
Learn the basic and intermediate of Goods and Service Tax in India and gain an insight of the various provisions of GST.
Last updated 2022-01-10 | 3.9
- Meaning- Significance and Concept of Goods and Service Tax!
- Various Terminologies related to GST
- Illustrations on Computations of GST under various provisions
What you'll learn
* Requirements
* A Computer* Laptop or Smartphone with internet connection
* Willingness to learn
* Basic English
Description
The Goods & Service Tax Act came into effect from 1st July, 2017 in India and is one of the largest Tax reforms in India which subsumed many of the indirect taxes into a single tax.The GST Act have been successfully implemented in India since 2017 and a large number of organisations have been registered under the GST regime.
The implementation of GST has brought a good impact on the Indian business environment and is expected to create new employment opportunities. Given , GST is a new law, there is a huge demand of GST professionals in the job market.
Given the high demand of workforce, we have created this course on GST in India keeping in mind the current Industry requirements. This course have been developed by professionals having expert knowledge of GST in India. Unlike traditional teaching method, our courses have been designed in a modern, student friendly manner.
We have simplified the complex laws, provisions and rules with the help of charts, graphs and smart art objects. We have also included examples, quizzes and downloadable resources so as to enable the students to gain a practical insight into GST. Also, we have minimized the boring theory portion so as to make learning more interesting.
The Unique features of this course are:
- Small, concise, brief and to the point lectures.
- Use of graphs, charts, illustrations for easy learning
- Downloadable PDFs, quizzes and other files
- Practical examples
- Simple and easy explanation of complex laws.
So, go forward and enroll in this course and get ready to get hired to your dream job or promoted in your current job.We promise you a good learning experience and a value for your money.
Wishing you all the very best!!!!
Who this course is for:
- Students who want to get an idea of GST in India
- Students or Graduates looking for job or promotion
- People who want to gain an insight of Indirect taxes in India
- Small Entrepreneurs, Businessman or firms who want to get an idea of GST for their business
- People Working in Accounting, Finance or Taxation industry
- This is an intermediate level Course and is NOT for Professionals or students seeking advanced knowledge
Course content
12 sections • 102 lectures
Welcome to the GST Course Preview 00:25
Topics & Course Contents Preview 01:01
Meaning of GST Preview 00:32
Quiz 1
Meaning of GST
Concept of GST Preview 00:34
Dual GST Model Preview 00:36
Quiz 2
The Dual GST Model
Dual GST Model - Example Preview 00:52
Utilisation of Input Tax Credit Preview 00:55
Quiz 3
Utilization of Input Tax Credit
Utilisation of Input Tax Credit - Example Preview 01:03
The GST Network Preview 00:55
The GST Council Preview 01:04
Legal Definition of Supply Preview 01:36
Analysis of Supply Preview 00:40
Analysis of Supply Continued Preview 00:48
Quiz 4
Analysis of Supply
Characteristics of Supply Preview 00:34
Mixed & Composite Supply - Meaning Preview 01:07
Mixed & Composite Supply - Example Preview 00:59
Quiz 5
Mixed & Composite Supply
Taxable event under GST Preview 01:11
Quiz 6
Taxable Event Under GST
Supplies in Territorial Waters Preview 01:15
Supplies to be treated as Inter-State Supplies Preview 00:58
Quiz 7
Supplies to be treated as Inter-State supplies
Levy & Collection of CGST & IGST Preview 01:27
Quiz 8
Levy & Collection of CGST & IGST
Item to be Taxable from Notified Date Preview 00:32
Liability of E-Commerce Operator Preview 01:18
Quiz 9
Liability of E-Commerce Operator
Liability to Pay GST Preview 00:50
Meaning of Composition Scheme Preview 01:00
Quiz 10
Meaning of Composition Scheme
Turnover Limit of Composition Levy & Tax Rate Preview 01:01
Persons not eligible for Composition Levy Preview 00:58
Quiz 11
Persons not eligible for Composition Levy
Restrictions Under Composition Scheme Preview 01:22
Composition Levy - Example Preview 01:26
Need to determine the Place of Supply Preview 01:02
Quiz 12
Proxy for Place of Supply
Place of Supply of Goods Preview 01:09
Quiz 13
Place of Supply of Goods
Place of Supply in case of Import/Export Preview 00:30
Place of Supply of Services (General Provisions) Preview 01:03
Quiz 14
Place of Supply of Services
Significance & Invoice Provisions for Goods Preview 01:19
Quiz 15
Invoice Provision in respect of Goods
Time of Supply of Goods Preview 01:08
Time of Supply of Goods - Example Preview 00:55
Quiz 16
Time of supply of Voucher
Invoice Provisions for Supply of Services Preview 01:07
Quiz 17
Invoice provisions for supply of services
Time of Supply of Services Preview 01:11
Need to determine the Value of Supply & Transaction Value Preview 00:54
Inclusions and Exclusions in the Value of Supply Preview 01:11
Question 18
Exclusions from value of supply
Value not Determinable as per Provisions and Value of Notified Supplies Preview 00:40
Value where the consideration Is not wholly in money Preview 01:01
Value where the Supply is between Distinct or Related Persons Preview 01:05
Quiz 19
Supply between distinct or Related Person
Supply between Related Persons - Example Preview 01:06
Value of supply of goods made or received through an Agent Preview 01:07
Value of supply where the value cannot be determined as per previous rules Preview 01:10
Quiz 20
Value of Supply where value cannot be determined as per previous rules
Value Of Supply In Case Of Lottery, Bettting , Gambling And Horse Racing Preview 01:09
Value in Case of Certain Supplies Preview 00:42
Quiz 21
Rule 32
Features & Advantages of Registration Preview 00:53
Persons liable for registration under GST Preview 00:51
Quiz 22
Special Category State
Persons not liable to registration Preview 00:29
Registration Under GST - Example Preview 01:06
Compulsory registration under GST Preview 00:58
Quiz 23
Compulsory Registration
Procedure for registration under GST Preview 01:22
Quiz 24
Form to be used for Application for Registration
Cancellation of registration under GST Preview 01:02
Application and Procedure of Cancellation of Registration Preview 01:11
Importance of Accounts and records under GST Preview 00:41
List of Records to be maintained and Place of Records Preview 00:53
Retention period of Books & Accounts Preview 00:57
Quiz 25
Retention Period of Books & Accounts
Maintenance of Electronic Records Preview 00:52
Electronic- Way Bill Preview 00:52
Quiz 26
Contents of E-way Bill
Verification of Goods Preview 00:40
Generation of Electronic Way Bill Preview 01:07
Quiz 27
Generation of E-way Bill
Cancellation and Verification of E-way bill: Preview 01:07
E-Way bill not required to be generated Preview 00:44
Documents to be carried along with E-Way bill Preview 00:52
Quiz 28
Documents to be carried instead of E-Way bill
Meaning & Purpose of Return Preview 00:59
GSTR-1 Details of Outward Supplies Preview 00:51
GSTR-2 Details of Inward Supplies Preview 00:50
GSTR-3 Furnishing of Return Preview 01:00
Quiz 29
Returns Under GST
Process of various Returns Preview 00:53
Other returns under GST Preview 01:02
Quiz 30
Return under GST