This course will make students familiar with the GST including CGST/IGST/SGST/UTGST, Central excise and Custom. Students will learn Composition scheme, Exemptions under GST, input tax credit. This course will also enable student’s implementation of GST Law, the Basic Customs Duty is still levied on imports with other additional duties being subsumed under GST. It will also explain the basic and overview of Customs Act and levy and collection of customs duties and its types. This course prescribes basic concepts of custom law and Import and Export Procedures.
Overview
Syllabus
W1_M1: Background of GST
W1_M2:
W1_M3: Basic Concepts And Overview Of Goods And Services Tax
W2_M4:Benefits of GST
W2_M5:GST Council and Its Function
W2_M6:CGST
W3_M7:IGST
W3_M8:UTGST
W3_M9:Goods and Service Tax (compensation to states) Act, 2017
W4_M10:State Goods and Service Act, 2017 (SGST)
W4_M11:Definition of Goods
W4_M12:Concept of Supply
W5_M13:Definition of integrated Tax
W5_M14:Describe the power of the govt to grant exemption from CGST/IGST
W5_M15:Identify and analysevarious services exempt from GST-Part-1
W6_M16:Identify and analyse various services exempt from GST-Part-2
W6_M17:Broad Idea about Rates of Goods and Service Tax
W6_M18:Introduction of central excise law
W7_M19:Excisable goods, Manufacture and manufacturer
W7_M20:Valuation of Excise
W7_M21:Basic Procedure of Excise
W8_M22:Export, SSI, Job Work
W8_M23:Comprehend the basic concepts of custom laws, understand the broad provisions relating to custom law
W8_M24:Analysis of determining factors to levy customs duty
W8_M25:Various types of duties leviable under custom law
W9_M26:Safeguard Duty
W9_M27:Custom valuation rules, 2007
W9_M28:Import Procedure
W9_M29:Export Procedure
W10_M30:Procedures Relating to Clearance of Baggage
W10_M31:Exemption from Custom Duty
W10_M32:Warehousing & Transportation of Custom
W10_M33:Composition Scheme & Reverse Charge in GST
W11_M34:Input Tax Credit Part I
W11_M35:Input Tax Credit-Part-II
W11_M36:Computation of GST Liability
W11_M37:Rules for Registration of GST
W12_M38:Tax Invoices, Debit & Credit Notes
W12_M39:Voucher, Accounts & Records
W12_M40:Eway Bill & Returns
W12_M41:Refunds & Audit
W13_M42:Assessment
W13_M43:Inspection, Search, Seizure in GST
W13_M44:Power to Arrest in GST
W13_M45:Concept of GST
W14_M46:Registration and Outside the Scope of GST
W14_M47:Brief Idea About Supply
W14_M48:Charges & Exemptions under GST
W14_M49:ITC & GST Liability
W15_M50:GST Return & Refund
W15_M51:Place of Supply
W15_M52:Practical Difficulties Under GST
W15_M53:Offences and Penalties under GST Part 1
W15_M54:Offences and Penalties under GST Part 2
Taught by
Dr. Shankar S. Sodha
