Goods and Services Tax, India -
Explained
GST will be applicable in India from the 1-July-2017.
We will be covering GST indepth, from Registration to its Computation and Returns. And how GST will impact us
GST Basics
- Full form of GST
- What taxes will be replaced by GST?
- What are the different types of GST?
- Difference between CGST, IGST, SGST?
- Taxes which will be charged on Local, Central and Interstate Sales
- Why GST is being introduced?
- How GST is different from current tax?
For basics of Goods and Services Tax, we will learn
GST Computation and Accounting
- Meaning Of Output GST and Input GST
- Concept of GST Payable and GST Credit
- How GST Credit of CGST and SGST can be adjusted against IGST
- How GST Credit of CGST and SGST cannot be adjusted against each other
- Taxes which will be charged on Local, Central and Interstate Sales
- How to make GST Computation in Case of Different Products having GST Rates
- Accounting Entries for GST in Tally, SAP and Other Softwares
- Composition Scheme Concept in GST
- Reverse Charge Mechanism in GST
- Different Services/Sales under Reverse Charge in GST
- TDS Deduction in GST
- TCS Deduction in GST
- Time and Supply of Goods and Services
- Input Tax Credit in GST
In Goods and Services Tax Computation and its accounting, we will learn
GST Registration
- For Whom Registration is Compulsory in GST
- Procedure for Registration in GST
- Documents Required for Registration in GST
- Migration of Current Service Tax, Excise, Vat, Sales Tax Assessees into GST
- Search HSN Code for GST Registration, Migration and Enrolment
- Last Date for Migration to GST
- What are the Benefits of Taking Registration in GST
- What are the Benefits of Not Taking Registration in GST
For registering your company, partnership or proprietorship in Goods and Services Tax, we will learn
GST Challan, Return and Invoice Formats
- Returns under GST
- GST Invoice Format
- GST Challan Format
- GST Return Format
- GST Electronic Register (PMT)
Inorder to file returns and challans under Goods and Services Tax, we will learn - Different returns under GST and their due dates, How to do efiling of GST Returns, How to Generate GST Challans, How to save Challan for future, How to make payment of GST Challan by Net Banking/Debit Card/Credit Card, How to make Payment of GST Challan by Cash or Cheque, How to See or Download Challans. Visit the following pages to learn more
GST Acts and Rules
- CGST - Central Goods and Services Tax
- IGST - Integrated Goods and Service Tax Act
- UTGST - Union Territory Goods and Service Tax Act
- CGST Rules 2017
For you reference, we have provided Ready Reckoner for GST .Here you can check bare act language for different sections and chapters of CGST, SGST, IGST and Different GST Rules
GST Impact
- GST Implications for Shopkeepers and Dealers currently Registered in VAT
- GST Implications for Service Providers and Professionals currently Registered in Service Tax
- GST Implications for Factories and Manufactures
Check the following topics to see the impact of Goods and Services Tax
GST News and updates
- Latest Changes in GST
- Latest Important News on GST
- GST Launch Date
- GST Migration Last Date
Check the latest news and updates on Goods and Services Tax, India 2017
