Goods And Service Tax In India A Brief Introduction

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

Meaning
Significance and Concept of Goods and Service Tax!
Various Terminologies related to GST
Illustrations on Computations of GST under various provisions
Various facets of Supply under GST
Charge and Taxable Events Under GST
Provisions of Composition Levy under GST
Determination of Place
Time and Value of Supply
Registration provisions under GST
Maintenance of Books and Records
Basic Concepts of Filing of Returns under GST

* 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

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