Complete GST Course & Certification - Grow Your CA Practice

Name: Complete GST Course & Certification - Grow Your CA Practice
Rating: 4.1 (1448 reviews)

Become GST Expert in 12 hours!

Created byClearTax Learning

Last updated 7/2017

English

What you'll learn

At the end of the course , students will have a thorough understanding of the GST tax regime and will be "GST Ready" for the coming future .

Course content

27 sections • 299 lectures • 42h 51m total length

Intro Lecture2:04
Know about what is cleartax and what will you achieve by going through this whole course
Basics of GST3:05
Overview of the Current tax structure (Service tax, VAT, Customs Duty, additional duty, excise duty etc levied by the centre and the state government) and the proposed tax structure (GST-CGST, SGST, IGST).
Cascading Effect Of The Current Tax Structure7:00
Understanding the Concept of the Cascading effect(i.e Tax on Tax) and effect of the same under the Current Tax regime with an example.
GST Helps Mitigate the Cascading Effect4:24
What Exactly Is the GST?7:56
Understanding "What exactly is GST" and the meaning of "Gst is a comprehensive multi-stage destination based consumption tax on value addition".
Effect of GST on current Indirect Taxes3:31
Issues under the Current tax regime and how GST will rescue us from the same.
GST Story So Far7:12

Understanding how the GST came into force and the Merits & demerits of GST

Canons of Taxation11:10
The basic principles of sensible taxation policy have been agreed upon, ever since Adam Smith first articulated them in his “Canons of Taxation.” These principles are to be taken care while levying the tax.
Canons and GST Rectified7:23
The canons which are relevant to the taxpayer and analyse them for the current tax structure as well as GST along with understanding the need for introducing the composition scheme.
The right balance for the composition scheme6:04
This video explains the concept of composition schemes under the model GST law with an example.
Small Business and Aggregate Turnover Rectified6:27
The video explains the term aggregate turnover used for the purpose of eligibility of Composition scheme.
Small Business and Prohibited Activities Rectified5:03
Brief discussion on the applicability of the composition scheme.
Tax collection and Input Tax credit6:31
Analysis whether the Composition scheme is beneficial to the user or not.
Simplified Returns6:25
payment of taxes9:03
Impact of Composition Scheme in B2B8:05
Understanding the Impact of Composition scheme on B2B and B2C transactions with an example.
Impact of Composition Scheme in B2B Continued6:06
Understanding the Impact of Composition scheme on B2B and B2C transactions with an example.

ITC Mechanism2:54
Understanding the concept of Input tax credit along with an example.
Reverse Charge4:58
Understanding the concept of Reverse charge Mechanism and how the same is different from the Normal charge with an example.
Purchases and a Hint to Negative List3:15
Understanding the Input, Input services and the Capital Goods on which Input tax credit is not available (Negative List under Input Tax Credit) along with the reason of covering the same under negative list.
The Specific List6:20
Understanding with reasons, the Specific List of Inward supplies on which Input tax credit is not allowed such as Food and beverages, outdoor catering, beauty treatment, health services, cosmetic and plastic surgery, membership of a club, health and fitness centre, rent a cab, life insurance, health insurance, travel benefits etc with the exceptions.
Motor Vehicles, Works Contract and Immovable Property6:43

Understanding the Inward supplies on which input tax credit is not allowed such works contract services, goods and services on the construction of immovable property with the exceptions.
Proportionate Credit10:32
Maintaining separate set of records for different categories of supply.ITC benefit & proportionate credit.
Set Off Rules5:20
Understanding the GST set-off chain . Understand how to calculate input tax credit and set-off.
Set Off Rules Continued6:39

How to set off the Input tax credit against IGST, CGST and SGST with an example.
ITC Utilisation Example13:02
Reasons for Conditions3:41
Understanding the eligibility conditions for receiving the Input Tax credit along with the parse rule governing the transfer of ITC.
Conditions for ITC12:14
Understanding the conditions for availing the Input tax credit along with the reasons for the same.
Special Circumstances11:44
Special Circumstances11:32

Special circumstances under Input tax credit such as ITC for ineligible claim now eligible, Eligible ITC transferred from one taxpayer to other, ITC claimed earlier now ineligible etc .
Job Worker and ITC7:28
Understanding the concept of the Job-work and the provisions relating to Input tax credit on Job-work.
Input Service Distributor Rules5:27
Understanding the concept of the Input Service distributor and the Input services distribution rules for ISD.
ISD Conditions5:43
Understanding the manner and conditions for distribution of credit by the Input service distributor.

Exempt from Registration4:48
Understanding who, when, where, how and then what of the GST registration along with knowing who all are exempt from registering under GST.
Threshold Based Registration5:35
Understanding who all are liable to get registered under GST by dividing the list into three parts i.e automatic registration, conditional registration, and Mandatory registration.
Mandatory Registration E-commerce Related10:09
Mandatory Registration E commerce and Remit tax or claim ITC2:58
Mandatory Registration Special Cases 18:35
Understanding who all are mandatory required to get registered under GST.
Voluntary Registration and Benefits4:00
Understanding what is voluntary registration along with the benefits and the drawbacks.
Timeline for Registration Existing Dealers3:54
Knowing the timeline for registration under GST of the existing, new, casual and non-resident taxpayer.
Timeline for Registration New Dealers6:04
Knowing the timeline of registrations under of the new dealers, who are currently not registered under VAT, Service tax or excise law along with knowing the advantages and disadvantages of timely registration.
Timeline for Registration Casual and Non Resident Taxable Person6:07
Knowing the timeline for registration under GST of the casual and the non-resident taxpayer.
Where to Register Mutliple States3:56
Understanding where the dealer has to obtain registration covering the specific situations such as multiple states, multiple Business
verticals, the location of the supplier of services.
Where to Register Multiple Business Verticals6:22
Understanding the concept of the Business verticals along with
understanding the advantages and disadvantages of the single and the separate registratio
Location of Supplier5:50
Understanding where the location of the supplier is considered under different situations.
Application and acceptance process16:11
GSTIN and Display Provisions4:22
Migration Laws and Procedures6:11
Amendment to Registration6:05
Cancellation and Revocation of cancellation12:49

Who should file returns and why10:46
Conditions relating to Returns4:50
Statement of outward supplies11:01
Statement of outward supplies continued6:34
Statement of Inward Supplies8:14
Statement of Inward Supplies continued17:21
Monthly return7:05
Annual return9:03
Timelines for normal RTP3:28
Compounding Taxable Person intro4:14
Quarterly return for Composition Scheme7:16
Quarterly return for Composition Scheme Continued12:53
Annual return for composition scheme8:05
Input Service Distributor7:21
Non Resident Taxable Person.12:55
Input Service Distributor Continued6:41
E-commerce operator10:15
TDS7:46

Requirements

This course takes you through the basics of GST and turns you into an expert. You just need to have the curiosity before starting this course
They Need to have a basic understanding around taxes and the right enthusiasm to learn about taxes

Description

WHAT IS GST ?

GST stands for “Goods and Services Tax”, and is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level.

Its main objective is to consolidates all indirect tax levies into a single tax, except customs (excluding SAD) replacing multiple tax levies, overcoming the limitations of existing indirect tax structure, and creating efficiencies in tax administration.
The introduction of Goods and Services Tax (GST) would be a very significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and State taxes into a single tax, it would mitigate cascading or double taxation in a major way and pave the way for a common national market.
From the consumer point of view, the biggest advantage would be in terms of a reduction in the overall tax burden on goods, which is currently estimated at 16%-18%.
Introduction of GST would also make our products competitive in the domestic and international markets. Studies show that this would instantly spur economic growth. Last but not the least, this tax, because of its transparent character, would be easier to administer.

Tax payers need to be GST compliant to be able to test system changes in time. Depending on the operating geographies, size and sector, the changes would be substantial and may require proactive planning with a time-bound action plan.

In order to prepare for the implementation of GST, companies need to understand GST policy development and its implications for scenario planning and transition roadmap preparation. We at clearTax aim to provide our learners with all the information and tools required to prepare themselves to face the new tax regime

Who this course is for:

CA aspirants, CA, CS, IAS aspirants , ICWA , LLB practitioners and aspirants , Tax practitioners and accountants

Complete GST Course & Certification - Grow Your CA Practice

What you'll learn

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Course content

Basics of GST ( Video Lectures)7 lectures • 35min

Basics of GST ( Articles)9 lectures • 21min

Composition scheme(Video Lectures)10 lectures • 1hr 12min

Composition Scheme( Articles)4 lectures • 10min

Input Tax Credit( Video Lectures)16 lectures • 1hr 58min

Input Tax Credit ( Articles)3 lectures • 4min

GST Registration ( Video Lectures )17 lectures • 1hr 54min

GST Registration ( Articles)9 lectures • 14min

Returns18 lectures • 2hr 36min

Transitional Provisions10 lectures • 1hr 6min

Requirements

Description

Who this course is for: