- Basics
- Taxation System in India
A 1.1 – Overview of GST Law
- Principles
- Important Definitions (Section -2)
- Why GST is Necessary?
- Impact of GST
- Benefits/ Demerits
- Different Rates of GST
A 1.2 – Provisions of Supply
- Scope of Supply
- Place of Supply
- Time & Value of Supply {Section (12-15)}
- Impact of GST
A 1.3 – GST Registration with GST Rules & Formats (Chapter-VI Section 22-30)
- Registration Procedure under GST
- Persons required to be registered
- Process of Registration
- Forms for GST Registration (With live demo)
- GST REG-01- Application
- GST REG-02- Acknowledgement
- GST REG-06- Certificate
- REG-01 to REG-29
- Amendment in Registration
- Cancellation of Registration
- Reply of SCN
A 1.4 – Returns Under GST (With live demo)
- Definition & Important Notes to Return
- Types of Returns (Annual Return, Composition Return, Regular Return)
- Notice to Return Defaulters
- Levy of Late Fee
- Goods and Services Tax Practitioners
- Return Preparation Using offline tools and 3rd party software (GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-6, GSTR-7, GSTR-8, GSTR-9, GSTR-9A, GSTR- 9C)
- New GST Return (RET-01, Annex-01)
- Filling of GST Return on Common Portal
A 1.5 – Refunds – Section 54-58 with GST Rules
- Refund of Tax (Section-54)
- Refund Process under GST (Section-55)
- Interest on Delayed Refunds (Section-56)
- Consumer Welfare Fund (Section-57)
- Utilization of Fund (section-58)
- Procedure to file refund application
A 1.6 – Input Tax Credit – Section 16-21 with GST Rules
- Eligibility & Conditions for taking ITC (Section-16)
- Block Credit (Section-17)
- Availability of Credit in Special Cases (Section-18)
- ITC for Job Work (Section-19)
- ITC Distribution by ISD (section-20)
A 1.7 – Electronic Commerce in GST – Section 52
- Definitions
- Collect of Tax at Source – E-Commerce
A 1.8 – Job Work & Composition Levy in GST
- Special Provision for Job Worker
- Composition Levy (Section 10)
- Quarterly Return for Compounding Taxable Person (GSTR-4)
A 1.9 – Other Topics – with GST Rules & Formats
- Statutory Provision Payment of Tax, Interest, Penalty and other charges (Section 49)
- Interest on delayed payment of tax (Section 50)
- Payment Procedure Live Demo
- Tax Invoices (Section 31)
- Transitional Provisions Section (139-142) Chapter XX
- Tax Deduction at source (Section 51)
A 1.10 – Invoicing under GST
- Tax Invoices/ Bill of supply (Legal Provision)
- Format of Tax Invoice / BOS / Debit Note / Credit Note / Payment Voucher / Receipt Voucher
A 1.11 – IGST LAW (Total Chapter IX, Total Section 1-25)
- Important Definitions (Section- 2)
- Determination of Nature of Supply (Section 7-9)
- Place of Supply of Goods and/or Services (Section 10-14)
- Zero Rated Supply (Section 16)
A 1.12 – Accounting for GST in Tally A 1.12.1 – Invoicing
- Sales Invoicing (Intra State & Inter State)
- Purchase Invoicing (Intra State & Inter State)
- Debit Note
- Credit Note
A 1.12.2 – Input Credit Mechanism
- Input Credit Mechanism
A 1.12.3 – GST Returns
- What is Annual Return its Objective and Compliance
- Difference Between GSTR-9, GSTR-9A, GSTR-9B and GSTR-9C
- Who is required to file GSTR-9
- Challenges in filing GSTR-9
- How to meet those Challenges
- Understanding of 6 Parts and 19 Tables of GSTR-9
- Consequences of not filing GSTR-9
- Preparation of GSTR-9 filing
- Processing of GSTR-9 at Department and Post filing Scenario.
A 1.12.4 – Tally entries to be recorded for GST in Tally
- Treatment of Reverse Charge
- Various Statutory adjustments
- Payment of GST Liability
- Payment of GST Liability – Credit
- Payment of GST Liability – Cash
A 1.12.5 – E-Way Bill
- Identify E-Way Bill Generation Scenarios Under GST
- Identify -various movements which take place on daily basis
- Sale, purchase – goods sent for repairs, job work, sales return, purchase return, imports and exports
- Transactions with unregistered dealers etc.
Fix Responsibility For-Way Bills
- Agreements with business participants on roles/responsibilities
- Updating E-Way Bill in case of change in conveyance
- Breakdown of conveyance
- Expiry of validity of E-Way Bill
- Return of goods from customer premises without acceptance, etc.
Obtain GST Registration Number
- Prerequisite for the generation of E-Way Bill
ID From Transporters
- Transporter ID needs to be available before goods are dispatched Update Pin Codes
- Pin codes are mandatory field in E-Way Bill formats
Generation login id password on E-Way Bill portal
Assess Personnel Requirement For Generation E-Way Bills
- Manpower which will require to undertake E-Way Bill compliances
- Additional manpower particularly for initial few months till system stabilizes
Stay updated with developments in E-Way Bill
- FAQ released by the government
- regular updates from government