10 Days Certificate Course on GST

Organized By: Indirect Taxes Committee
Hosted By: ………. Branch/Region of ……. of ICAI

 Day Duration  Topics Covered Speakers
DAY 1 30 minutes Constitution of India (Provision related to GST) & Important legal Maxims 1
2 Hour 30 Min. Introduction to GST specifically the following concepts:
  • Dual-tax method in intra-State trade
  • IGST not being a tax by itself but a system of credit transfer to destination State and that it is a way of avoiding supplier being registered in each destination they supply to
  • Supply in contrast to sale, service and any 4 of the other forms of supply
  • Concept of credit – as a right, time of its vesting and exercise of realization of right through filing of returns
  • Forward charge and right to recover tax – statutory or contractual and purpose of presumption of transference of incidence
  • Reverse charge and duty to pay tax by person named – legal validity of person other than manufacturer, service provider or supplier being made liable to pay tax
3 Hour Explain how principles discussed in previous session are implemented by examining:
  • Definition of supply and all 8 forms of supply, purpose of 3(1)(b) to (d)
  • Concepts in schedule II specially focus on all 6 forms of deemed sales
  • Ingredients within above definition that leads to discussion on definition of goods, service, composite and mixed supply, Continuous Supply, taxable supply and non-taxable supply, supplier and recipient, location of supplier and location of recipient, exempt supply and zero-rated supply, NIL rated supplies, "casual taxable person" and "non-resident taxable person", export and deemed export, tax and output tax, input tax and input tax credit, consideration and non-monetary consideration, money and voucher
  • Intra-State supply and specific exclusions like SEZ and in-bond sales
  • Inter-State supply and specific exclusions like coastal goods
  • Export of goods contrast with export of services (including supplies involving goods treated as supply of services)
DAY 2 1 Hour 30 Min. Levy of GST with focus on:
  • Levy residing in two statues – CGST and SGST and working simultaneously (replace SGST with UTGST to show parallel)
  • Levy of IGST
  • Identification of nature of supply – inter-State or intra-State with common errors due to experience in current laws
  • Composition – purpose and applicability, relevance to trade and restrictions
30 Min. Purpose of time of supply with reference to previous discussion on levy of GST and focus attention to:
  • Time of supply of goods
  • Time of supply of goods
  • Common errors – supplies involving goods treated as supply of services, experience in current laws affecting understanding or application of time of supply in GST and need to give up notions about – 'inter vivos', 'transfer of property', etc.
4 Hour Purpose of place of supply and discuss from basics onwards, namely:
  • Meaning of location of supplier of goods (and reason for not being specifically defined) and location of recipient of goods
  • Definition of recipient with respect to supplies involving payment and supplies not involving payment
DAY 3 2 Hour Registration
Amendments, Cancellations and Revocations
Also address the considerations to be kept in mind to decide:
  • Regular or composition
  • Single or separate for business vertical or selectively in each State
  • Location of ISD registration
  • Multi-State or single-State (with IGST supplies)
  • Registration under one law extends to all GST-laws
  • Voluntary registration
  • URD suppliers – implications to recipient
  • Supplier's supplying through e-commerce operators – non-ecommerce supplies
TDS and TCS registered persons
3 Hour Registration process and purpose of registration, discuss with reference to following concepts:
  • Person versus taxable person
  • Taxable person versus registered person
  • Non-taxable persons liable to registration – TDS and ISD
  • Purpose of registration of non-taxable persons like TDS and ISD
  • Regular and composition registrations – differences and similarities
  • E-Commerce operator – meaning of 'as if' supplier
  • Supplier through e-commerce operator versus supplier behind e-commerce operator's brand of services
  • Job-work and contract manufacturing – consideration present or no
  • Job-worker's privilege not to be registered – legal basis and responsibility accepted by Principal
  • Master-servant relationship – job-work and other cases
  • Inter-branch relationship versus head office-branch office relationship
  • International offices or PE
  • Registration of business verticals
  • Choice about locations for registration
  • Single-State operations of multi-State supplies
  • Registration – updating of current registrations to optimize GST registration, rationalize number of registrable locations (States), categories of registration, provisional and final registration and cancellation of provisional registration granted
1 Hour
  • How to fill the registration Form with practical case study
DAY 4 4 hour Input tax credit with specific arrangement in following order:
  • ITC scheme – Eligible-available-availed-allowed-utilized of credit
  • Ingredients in section 16
  • Purpose and exclusions through section 17
  • Savings through section 18
  • Job-work provisions in section 19
  • Linkage of credit with sch I supplies
  • Linkage of credit with cancellation of registration
2 Hour Valuation with specific focus on:
  • Consideration versus sole consideration
  • Absence of consideration versus presence of non-monetary consideration
  • Ingredients of section 15 and specific inclusions and exclusions
  • Discount versus bad-debts
  • Discount versus consideration by third party
  • Purpose of contribution to consideration by third party versus sponsorship
  • Relationship between COGS and transaction value
  • Difference between assessable value in Excise and transaction value in GST
  • Valuation for Customs versus valuation for IGST – similarities and difference (proviso to section 5 of IGST)
  • Valuation of apparently free supplies – warranty, samples defaced and non-defaced (unsaleable and not-for-sale), replenishment to dealer of warranty parts, coupons, cash-back, cost-free EMI, cross-subsidization of sales, loss-leaders in product portfolio, stand-by during repairs, temporary replacement, trial use before purchase, test-drive cars to dealers, etc.
  • Stock transfer versus sale-on-approval
  • Gift versus CSR
  • Theft versus donation
  • Write off versus 100% depreciation
DAY 5 3 hour Transition provisions and purpose of transition with specific reference to:
  • Balance of credit in last returns – sanitize credit balance, carry over or retain refundable credit, review doubtful credits lying unused, capital goods credit and conditions for carry over of transition credit
  • Embedded credits in first returns – persons entitled to claim credits embedded in stocks, conditions for claiming credit, accounting / reversal of accounting for claiming such credit, restoration of credit reversed u/r 6 of CCR, credit to COT dealers/assesses and two definitions for 'eligible duties'
  • Transition of job-working credit, inputs and capital goods
3 hour Transition provisions and purpose of transition with specific reference to:
  • Migration and implications of avoidance of migration
  • Return of goods and revision in prices
  • Effect of assessment, revision of returns, review and appeals
  • Overlapping contracts and planning opportunities
  • Other transition provision
DAY 6 3 Hour Discuss nature of verification of:
  • Compliance with reversal u/r 6(3) – steps to be taken now
  • Reversal of VAT in respect of partial rebating towards stock transfers outside the State
  • Carry over of credit balance indicates underutilization of credit – inquire reasons for such credit accumulation (a) recent capital goods acquisition (b) supplies to EOUs and not eligible to refund u/r 5 of CCR (c) doubtful credit availed but not utilized (d) any others
  • Efforts to claim credit of eligible duties and taxes with condition of anti-profiteering (a) reason for effort to claim this credit and pass it on to customer – is it a contractual requirement? (b) dealer's registration is mandatory or not – what are the steps involved? (c) stocks more than 1 year old – how to address? (d) unused goods at site versus WIP – which one is eligible for transition credit? (e) any others
Goods in-transit – comparison of 140(5) with impact due to 142(11)(c)
3 Hour Maintenance of Records & Books
Type of electronic ledgers, Invoice, Credit note and debit notes, Accounts and period of retention of account with reference to:
  • Inter-State credit note in B2C and B2B supplies
  • Debit note and supplementary invoice reference
  • Invoicing for GST and revenue recognition
  • Key considerations in maintenance of books of accounts at entity-level and for each GSTIN
Updating information on GSTN and validation – manual or use of accounting software integrated to GSTN by GST Suvidha Providers
DAY 7 3 Hour Returns under GST
Types, Applicability, Annual returns, Matching, Final returns with Rules and specific reference to:
  • Goods in-transit and delay in validation of inward supplies (by more than 60 days allowed by Rules and 90 days in section)
  • Classification of eligible / ineligible credit voluntarily and error in such classification (credit wrongly reversed)
  • Implications of claim of credit lesser than tax charged by supplier
  • Other related points
How to file the returns to be explained with real document
3 Hour Payment under GST
Type of payment, Due date, modes of payment with Rules and collection of tax and also address:
  • Collection of incorrect amount / rate of GST
  • Omission to collect GST in invoice
  • Right to retain tax collected in excess and duty to deposit all taxes collected
  • Invoice to refer tax charged or omission to disclose any tax on invoice
  • Ensuring reversal of credit by recipient in case of credit note
  • Duty to deposit TCS in case customer defaults in payment of e-commerce suppliers on COD terms
  • Difference between TDS and TCS – failure to collect TCS and failure to deduct TDS - implications
Refund under GST
Type of refund, Forms, Period, Terms & Conditions, Provisional refund % with Rules including:
  • Refund under earlier law
  • Refund in case of delayed collection of statutory forms
  • Refund arising from re-assessment / appeal under earlier law
  • Error in payment of CGST-SGST or IGST
  • Export of zero-rated supplies – rebate and refund
  • Unjust enrichment – applicable and inapplicable cases
  • Limitation – legality and vested right to refund
Other related points
DAY 8 3 Hour Overview of Audit and Appeal Provision
Overview of Miscellaneous Provision including anti profiteering concepts
Demands and Recovery
3 Hour Changes and Configurations of Accounting Systems and the need to have data relevant to filing 1
DAY 9 3 Hour Inspection, Search, Seizure and Arrest
Offences and penalties including 'general principles' for imposing / not imposing penalty
Advance Ruling including:
  • Planning by filing 'trial' application in another State
  • Precedence value of ruling in other State or other case in same State
3 Hour FTP and/or Customs Duty specifically covering:
  • Benefit schemes
  • Impact of burden of IGST in choice of benefits
  • Impact on intermediate suppliers / supporting manufacturers
  • Deemed exports benefits
  • Relevance of EOU scheme – new opportunities
  • Benefits of SEZ Act – new opportunities through FTWZ
DAY 10 3 Hour Ethical Practice & Professional Opportunities 1
3 Hour Industry specific analysis like Real Estate, Construction, Gems and Jewellery etc.(as per industry prevalent at the location of the course) 2