GST stands for “Goods and Services Tax”, and is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods also as services at the national level GST Goods Service Tax Course
Its main objective is to consolidate all indirect tax levies into one tax, except customs (excluding SAD) replacing multiple tax levies, overcoming the restrictions of existing indirect tax structure, and creating efficiencies in tax administration.
GST is introduced in India from 1st July 2017. Basically Goods and Services Tax is within the replacement of 17 Indirect Taxes, mainly VAT, CST, Service Tax, Excise and Entry Tax.
Contents For GST – Goods and service Tax Course :
Introduction
What is GST ?
Registration
Supply of goods and Services
Time of Supply
Value of Supply
Invoicing
Input Credit Mechanism
Returns
Payment of Tax
Consequences of Non-compliance
Accounts and Other records
Tax Rate Structure
Refund of Tax
Transition to GST
Input Service Distributor (ISD)
Job Work
Non Resident Taxpayer
e-Commerce
Compliance Rating
Tax Return Preparer
GSTN and GSP
Audit
Demands and Recovery
Appeals and Revision
Liability to Pay
This GST Goods Service Tax Course doesn’t cover the GST implementation in Tally. A separate course in sequel to this course is going to be introduced shortly.
