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gst-e-learning-course

Updated on: Mar 17th, 2023

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7 min read

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Course overview

  • Introduction to New GST Returns
  • Complete Filing Process for RET-1/2/3
  • In-depth analysis of ANX-1/ 2
  • Transition plan from current to new returns
  • Case studies by expert CAs

Topics you will learn

Basics of GST Returns

  1. GST Basics, Registration & Composition Scheme
  2. Input Tax Credit (ITC)
  3. Reverse Charge Mechanism
  4. Place of supply
  5. Time of supply
  6. Value of supply
  7. GST payments & refunds
  8. Assessment Procedures
  9. Offenses & Penalties
  10. GST Rates & Recent Notifications

New GST return system

  1. RET 1/2/3 with comparison
  2. Comparison of old and new GST filing process
  3. Detailed analysis of return types Monthly, Quarterly, Sahaj, and Sugam
  4. Things to remember for buyer and supplier
  5. Complete analysis for ANX-1, ANX-2, RET forms
  6. Matching & its complexities
  7. Concept of missing invoices
  8. Concept of locking, unlocking & deemed locking
  9. Importance of invoice management
  10. Live case study on new GST returns

Transition from Old to New System

  1. Transition Plan proposed by government
  2. How to report invoices missed in old GST system
  3. How to claim ITC from old GST system
  4. How can a CA/ SME /Enterprise move to new filing process?

Expert Sections

  1. Impact of new GST returns on the industry
  2. Potential changes in ERP
  3. Key take-aways for CFOs on changes expected in finance
  4. Adoption of technology as a precursor to managing compliance cost

What’s in it for you?

Are you a CA/ tax practitioner?

  • Educate yourself and your team on GST & new GST
  • Smoothly transition clients from old to new GST
  • Train your clients in matching, invoice tracking, ITC reversals
  • Understand kinds of notices and penalties and how to avoid them

Are you a company executive?

  • Understand about unlocking ITC and reducing business risks
  • How to manage man-hours required for matching and invoice tracking
  • Educate your high-risk vendor base on the concept of new GST
  • Role of payments, procurement and tax teams in compliance

Are you a student?

  • Learn and apply every concept of GST
  • Get an industry-recognized GST certification
  • Get hired on cutting edge new GST transition projects
  • Successfully start and grow your own practice in GST space

Get Certified in New GST Returns

 

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Quick Summary

The course offers in-depth understanding of new GST returns system, from basics to detailed analysis and case studies. It covers topics like transition plans, return types, invoice management, complexities in matching, penalties, and technology adoption. Various sections cater to professionals, executives, and students. The course aims at educating about new GST requirements, transitioning smoothly, and enhancing compliance.

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