This is a comprehensive add on course on Goods and Service Tax (GST). The course covers the features of the GST, its preparedness, its advantages and the way forward. The following sessions were taken by the resource persons:
- INTRODUCTION OF GST IN INDIA
Genesis of GST in India
• Power to tax GST (Constitutional Provisions)
• Title, extent and commencement
• Number of Legislations
• What is GST (Goods and Service Tax)?
• Benefits of GST
• Definition of Good and Service Tax (GST)
• Conceptual framework
• Rates of CGST/SGST and IGST
• Taxes subsumed into GST
• Amendment in 7th Schedule of Constitution
• Goods and Service Tax (Compensation to States) Cess
• Administration under GST
• Brief about GST Council
• Classification system under GST
• Definitions
• Q&A
• MCQ - LEVY OF GST
• Levy & Collection of GST [Sec. 9 of CGST Act]
• Composition Scheme under GST [Sec. 10 of CGST Act]
• Power to grant Exemptions [Sec. 11 of CGST Act]
• Q&A
• MCQ - CONCEPT OF SUPPLY
• Taxable Event – Supply
• Meaning and Scope of Supply [Sec. 7]
• Schedule-I
• Schedule-II
• Schedule-III
• Composite and Mixed Supplies [Sec. 8]
• Q&A
• MCQ
Report by : Prof. Seema Prabhu S. ( Co Ordinator )
