Practical GST training equips participants with hands-on knowledge of GST registration, return filing, invoice preparation, and compliance procedures. It covers key concepts like input tax credit, reverse charge mechanism, and e-way bill generation. This training enhances understanding of GST laws and their application in real-world business scenarios. Ideal for accounting professionals, business owners, and students, it ensures participants can confidently manage GST-related tasks, improving compliance and minimizing errors in taxation.

COURSE FEATURES

  • Individual Focus on each student
  • 100% Placement Assurance
  • Live Online Training Program
  • 100% Practical Approach
  • Affordable Fee's Structure
  • Trained and Experienced Faculty
  • Certification
  • Mock Exams
  • Comprehensive Study Material

COURSE DETAILS

  • Course level: Basic to Advanced
  • 15 Hours Duration
  • Assignments , Notes and Mock tests
  • Commerce and Non commerce
  • Last Updated: 1st August,2024
  • Training Mode: Live online
  • Timing : 7.00 - 8.00 AM

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    COURSE CONTENT

    Goods and Services Tax (GST) is a comprehensive indirect tax introduced to simplify India’s complex tax system. It replaces multiple cascading taxes with a single, unified levy on the supply of goods and services. GST is designed to create a seamless national market, reduce tax evasion, and boost economic growth. It operates on a destination-based model, allowing businesses to claim input tax credits and ensuring transparency in tax collection across both central and state governments.
    Goods and Services Tax (GST) is a comprehensive indirect tax introduced to simplify India’s complex tax system. It replaces multiple cascading taxes with a single, unified levy on the supply of goods and services. GST is designed to create a seamless national market, reduce tax evasion, and boost economic growth. It operates on a destination-based model, allowing businesses to claim input tax credits and ensuring transparency in tax collection across both central and state governments.
    In GST, the place of supply concept is crucial for determining the tax’s destination and applicable rate. It identifies the location where a transaction is considered to occur, influencing whether CGST, SGST, or IGST applies. The rules differ for goods and services, ensuring correct revenue allocation among states. Accurate determination prevents disputes, enables smooth input tax credits, and facilitates compliance with GST regulations, thereby supporting an equitable and efficient tax system. Overall, it streamlines transaction.
    Time of Supply in GST determines when a transaction occurs, triggering tax liability. It marks when goods or services are supplied, crucial for accurate reporting. For goods, it is the earlier of invoice date or payment receipt; for services, the earlier of invoice issuance or payment receipt. This concept ensures timely tax payment, proper input credit utilization, and GST compliance, supporting smooth business operations and revenue collection. Accurate determination prevents errors and ensures prompt filings.
    Valuation of goods and services under GST determines the taxable amount on which the tax is levied. It includes the actual price paid or payable, plus additional charges such as packing, loading, and commission. Specific rules ensure that discounts, subsidies, and related-party transactions are treated fairly. Consistent valuation practices ensure transparency, compliance, and uniform revenue collection across states, fostering a level playing field for businesses while facilitating accurate tax liability and input tax credit adjustments
    Input tax credit (ITC) mechanism in GST allows businesses to claim credit for tax paid on inputs, eliminating the cascading effect. By offsetting the tax liability on outputs against taxes paid on purchases, ITC ensures tax is levied only on the value addition. The system enhances compliance, reduces production costs, and promotes competitive pricing. Businesses must maintain proper documentation and follow strict eligibility rules to claim ITC and facilitate smooth tax reconciliation, ensuring financial stability .
    The reverse charge mechanism in GST shifts the responsibility of tax payment from the supplier to the recipient. Under this system, the recipient is liable to pay GST directly to the government. This mechanism applies in specific circumstances, including certain notified goods and services transactions, or when dealing with unregistered suppliers. It significantly ensures tax compliance, broadens the tax base, and reduces evasion risks. Businesses must carefully assess applicability to avoid non-compliance and potential penalties..
    The e-way bill is an electronic document required for the movement of goods valued above a specified limit under the GST regime. It captures details of the consignor, consignee, and goods being transported, ensuring seamless tracking and reducing tax evasion risks. Mandatory across states, the e-way bill system promotes transparency, efficient transportation, and smooth tax administration. Timely generation of this document helps businesses avoid penalties and facilitates uninterrupted logistics operations, ensuring robust legal compliance nationwide.
    GST calculations involve determining the tax liability on goods and services transactions. Businesses compute GST by applying the appropriate tax rate to the taxable value and dividing the tax into central (CGST), state (SGST), or integrated (IGST) components based on transaction nature and destination. Adjustments for input tax credits, exemptions, and reverse charge scenarios are considered to avoid errors. GST calculations ensure compliance, facilitate proper credit utilization, and support a transparent, efficient tax collection system. .
    GST payment is a crucial process in the Goods and Services Tax system requiring businesses to remit tax liabilities promptly and accurately. Tax amounts, calculated from sales and input credits, are paid online via government portals using electronic challans. Timely GST remittance ensures legal compliance, prevents interest and penalties, and facilitates smooth credit adjustments. This efficient mechanism supports transparent revenue collection and contributes to a robust fiscal framework that sustains economic growth across the nation
    GST interest and penalty are financial charges imposed for non-compliance with tax regulations under the GST regime. Interest is levied on delayed tax payments, calculated on the outstanding amount over the specified period, ensuring timely remittance. Penalties, varying based on the nature and severity of non-compliance, aim to deter fraudulent practices and encourage prompt filing. Both interest and penalty serve as corrective measures, reinforcing accountability and adherence to statutory deadlines and requirements, ensuring strict compliance
    GST returns are documents that registered taxpayers must file to report their business transactions, including sales, purchases, and tax paid. Common returns include GSTR-1 for outward supplies and GSTR-3B for monthly summaries. Filing returns on time ensures compliance and allows businesses to claim Input Tax Credit. Returns can be filed online through the GST portal. Timely and accurate filing helps avoid penalties and keeps the business GST-compliant. It is essential for smooth tax administration.

    MOCK TESTS

    GST TEST

    We are providing mock test for interview , It will very for useful  success for your interview.

    1 / 35

    When Input Credit of GST Reversed?

    2 / 35

    Input Credit of GST not available for the which transations?

    3 / 35

    Transactions on which GST is levied under Reverse Charge Mechanism?

    4 / 35

    Purpose of introduction GST?

    5 / 35

    What is the location of supply importance of goods?

    6 / 35

    Limitation for regular registration for GST ?

    7 / 35

    Form is used for Mothly return for GST?

    8 / 35

    GST registration is based on  ?

    9 / 35

    when does liability to pay GST arises in the case of supply of goods?

    10 / 35

    The value of supply of goods and services shall be?

    11 / 35

    Which of the following products are outside the purview of GST?

    12 / 35

    Payment made through challan will be credited to which ledger?

    13 / 35

    Every registered person shall be entitled to take credit of input tax in his return and such input tax credit shall be credited to?

    14 / 35

    Input tax credit as credited in electronic credit ledger can be utilised for?

    15 / 35

    Due date for GST returns GSTR 1, GSTR 2A and GSTR 3B?

    16 / 35

    Credit Electronic cash ledger means

    17 / 35

    Every E-commerce operator must compulsion register under GST?

    18 / 35

    What is the place of supply when goods are assembled?

    19 / 35

    Date of issue of Invoice is

    20 / 35

    Reverse charge means

    21 / 35

    SAC code Stands for?

    22 / 35

    HSN Code Stands for?

    23 / 35

    What is the location of supply importance of goods?

    24 / 35

    Limitation for regular registration for GST ?

    25 / 35

    TCS shall be paid within ___ Days from the end of the month in which collection is made?

    26 / 35

    GST council formation based on Article number?

    27 / 35

    In India GST is effective from?

    28 / 35

    How many types of taxes will be indian GST?

    29 / 35

    which of the following tax is not subsumed in GST?

    30 / 35

    which of the following tax is levied on import of goods?

    31 / 35

    Which state became the first state of India to ratify GST bill?

    32 / 35

    which of the following is major advantage of GST?

    33 / 35

    GST is a ____based tax on consumption of goods and services?

    34 / 35

    Combined Stake of Central and State Government in GSTN is?

    35 / 35

    In India, the GST Council has come out with a four-rate structure. They are?

    Your score is

    The average score is 67%

    0%

    GOODS AND SERVICE TAX 2

    GOODS AND SERVICE TAX 2

    1 / 38

    What is GSTR-9 and GSTR-9C?

    2 / 38

    What are the implications of incorrect ITC claims?

    3 / 38

    How is ITC handled during mergers and acquisitions?

    4 / 38

    Can ITC be claimed on invoices older than a year?

    5 / 38

    .How is ITC reversed for personal use?

    6 / 38

    What is blocked credit?

    7 / 38

    Can ITC be claimed on capital goods?

    8 / 38

    What are the conditions for availing ITC?

    9 / 38

    What is e-way bill?

    10 / 38

    which one is the a non-GST supply?

    11 / 38

    What is the composition scheme under GST?

    12 / 38

    Can Input Tax Credit (ITC) be claimed under the composition scheme?

    13 / 38

    what is Reverse Charge Mechanism (RCM)?

    14 / 38

    How do you justify claiming ITC on common inputs used for taxable and exempt supplies?

    15 / 38

    What are the penalties under GST?

    16 / 38

    What is the procedure for GST refund?

    17 / 38

    How to handle GST when vendor is unregistered?

    18 / 38

    What is LUT under GST?

    19 / 38

    What is QRMP scheme?

    20 / 38

    How to deal with wrong tax paid under GST?

    21 / 38

    How to handle credit notes and debit notes?

    22 / 38

    Is GST applicable on free samples?

    23 / 38

    What is deemed export under GST?

    24 / 38

    What is the GST applicability on imports?

    25 / 38

    _______ ensures that businesses pass on the benefits of GST rate reductions or ITC to consumers by lowering prices.

    26 / 38

    Explain the process of GST refund.

    27 / 38

    What is LUT (Letter of Undertaking) under GST?

    28 / 38

    What is the GST compensation cess?

    29 / 38

    What are the challenges in GST implementation?

    30 / 38

    What are  zero-rated supplies under GST?

    31 / 38

    GST treatment of corporate loans.

    32 / 38

    Penalty for non-compliance with e-invoicing rules.

    33 / 38

     How is GST handled on job work transactions?

    34 / 38

    Can one PAN have multiple GSTINs?

    35 / 38

    What is the new e-invoicing threshold?

    36 / 38

    Late filing penalty for GSTR-9 (annual return).

    37 / 38

    Place of supply for goods shipped from Mumbai warehouse to Delhi buyer.

    38 / 38

    What if an ITC claim is found to be fraudulent?

    Your score is

    The average score is 89%

    0%

    Students Testimonials

    Students Testimonials

    "I am working professional. To upgrade my skills I took training on Taxation. Excellent training."

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    - Rajesh Kumar

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