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Course Objectives:The course is intended to give an idea on Goods and Service Tax (GST). The course is divided into ten units which include various aspects of GST. GST is the biggest ever reform in the indirect taxes. The course is designed in such a way that after successful completion of the course the students would be able to help the industry and small trader to workout their GST and timely submission tax return to avail the benefit of tax credit mechanism.Intended Audience: Under graduate and Post Graduate students of Commerce / Management/ Business Studies and working professionals
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Week
Topic
Unit Title
1
Introduction and Overview of GST
U-1: Introduction to GST
U-2: Benefits of GST
U-3: Overview of GST
Quiz: Week 1- MCQ
2
Concept of supply
U-4: Scope of Supply
U-5:levy of GST
Quiz: Week 2- MCQ
3
Reverse Charge Mechanism (RCM)
U-6: Concept of RCM
Quiz: Week 3- MCQ
4
Composition Scheme
U-7: Composition Scheme
Quiz: Week 4- MCQ
5
Valuation of GST
U-8: Valuation Rules
Quiz: Week 5- MCQ
6
Payment of GST
U-9: Payment of GST
7
Input Tax Credit
U-10: Concept of ITC & payment of GST
8
Returns under GST
U-11: Furnishing of Returns
9
Books of Accounts
U-12: Different books of accounts
10
Interest, Penalty and Prosecution-I
U-13: Provision of Interest
11
Interest, Penalty and Prosecution-II
U-14: Provision of penalty & Prosecution
12
Revision