Certification in Goods and Service Tax (GST): Law and Practice



Three months' Certificate programme by LawSikho Scroll Down to Learn More

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About the Course

Total Fees: INR 12,500 10,000

Get immediate access on Web, Android and iOS on enrolment

Duration: 3 months

The Goods and Service Tax is a legislation which revamped the structure of the indirect taxes in July 2017. However, the frequent changes in its implementation resulted in a significant amount of confusion about how the legislation is to be interpreted and implemented. A fair degree of confusion still persists on both these fronts.

 

This course addresses the requirement for concept clarity in Goods and Service tax and provides comprehensive guidance on interpreting the various ‘points of interest’ in the law. It also provides a substantial degree of the ‘how to’ elements in GST.

 

For instance, it explains in a simple language, yet precisely where the taxable event lies and also explains how the tax should actually be calculated, deducted and paid. This course can significantly help employees who are engaged in GST implementation for their employers as well as consultants and practitioners who intend to take up GST as an area of practice.

 

Skills you will acquire through this course are:

 

  • Understand exactly when and where the taxable event occurs and which taxes are to be applied;
  • Understand the concepts such as reverse charge mechanism, input tax credit, composition scheme etc.
  • Be able to deal with various formalities under the legislation such as registration, claiming input tax credit, opting for composition scheme, filing returns and claiming refunds;
  • Understand how the tax is deducted and collected at source under the legislation
  • Understand the applicability of the legislation to cross border i.e. import and export transactions

 

The course is being introduced with an introductory price of INR 10,000 since it will be substantially upgraded in the first few weeks of its introduction. However, after a month, the course will be priced at INR 12,500.

Course Contents

Concept of GST - Need for GST and Taxes substituted and still in existence - Coverage, Rates, Exempt goods and services

 

Core concepts in GST - supply and turnover, aggregate annual turnover, taxable supply, zero rated supply, place of supply of goods and services, mixed or composite supplies, time of supply, reverse charge mechanism, forward charge mechanism, authorised representative, business vertical

Framework of Central and State legislation in relation to GST - which legislations are parallely applicable

 

What are the different types of GST - IGST, CGST, SGST, UTGST

 

Goods and Services (Compensation to States) Act, 2017 and apportionment of IGST

Requirement to register for GST - requirement for registration in different cases (only RCM supplies, taxable and exempt supplies, inter- threshold limit for registration - interstate supplies, casual taxable person, receivers of RCM services, non residents, mutual fund agents, LIC agents, input service distributors, online information and database access or retrieval service providers)

 

Advantages of dealing with GST registered merchant

 

Entities which are not required to register for GST

 

Voluntary registration - benefits and disadvantages

 

Process for registration under GST and documents required, what does GST registration number look like, amendment of details provided at the time of registration - amendment of core and non core fields, effective date and its significance, registration in different states and multiple registrations in single state

 

Consequences of failure to register

 

Cancellation of registration - process for new and migrated taxpayer

 

Remedy against rejection of registration application

Input tax credit - eligibility for availing of input tax credit and cases where it is not available - matching, acceptance and transfer of input tax credit

Composition scheme - eligibility, criteria and conditions for availing composition scheme, for whom is it preferable, rates under composition scheme, compliance required,  opting in and out of composition scheme

Who is required to deduct TDS in GST and rate of TDS

 

Tax collection at source and entities required to collect tax at source- are entities which sell second hand goods required to collect tax at source - intrastate tax wrongly collected as interstate tax or vice versa

 

Cess collected under GST

 

Goods and Service tax compensation fund

Calculation of GST for products/services - date of charging event and payment of GST

 

How to raise a GST compliant invoice

 

Modes of assessment in GST

 

Provisions for refund of tax paid under GST - eligibility for refund, application process

 

How to calculate GST rebate -  entitlement for GST rebate

 

Advance ruling and process of obtaining an advance ruling

Returns required to be filed under GST

 

How to file the returns online and what information needs to be filled in these

 

Processing and scrutiny of returns, revision of returns

 

What is the consumer welfare fund and how is it created?

Accounts and records required to be maintained under GST - maintenance of records in electronic form

 

Maintenance of accounts and records by warehouse/transporters, for works contracts, agents?

 

What types of audit are envisaged under the GST regime?

Impact of GST on import or export of goods and services - how to determine if a transaction is an export

 

Deemed exports under GST

Concept of  anti-profiteering - role of the anti profiteering authority

 

GST practitioner - Functions and responsibilities

 

E-way bills, compliance rating mechanism

 

GST Fraud

Invoice formats

 

Register formats

 

Forms

Industry Academia Panel

Jigar Shah

Chartered Accountant and Partner with S. K. Rathi & Co.

Komal Shah

Company Secretary, Content Manager & Editor, iPleaders

Abhyuday Agarwal

COO and Co-founder, iPleaders

Success Stories

Imagine how it would be if you could navigate the usual legal and regulatory mess with ease, and make better decisions as you scale your business or career growth. Regulatory and legal difficulties is a huge hurdle to doing business in India, and very few people have mastery over it. We are inviting you to find out more about how we can add a touch of magic to your growth. Here are some amazing success stories of our students who have taken up our courses.

I am a computer science engineer by education, but an entrepreneur by profession. Having had no formal education in running a business I was always led to a lot of "learning the hard way". When iPleaders launched the course for Entrepreneurship Administration and Business Laws, in an e-learning mode I took up the course with the objective to understand all legal nuances related to running a business. The course covered things like; understanding of ESOP, Sweat Equity, Company Policy, License agreements, IP related law, EULA and lots of other content which made sense for our business.

Atul Gupta

Managing Director of InSync Tech-Fin Solutions Ltd

I am a practicing Cyber lawyer in Mumbai for the past 3 years and have founded Cyberjure Legal Consulting. The course was a very good learning experience, and I am glad I did it. It helped me understand the nuances of many laws which we studied in college, but never went into practical applicability of the same. The stuff I learnt in the course helped me in my matters too, and in structuring e-commerce start-ups.

Puneet Bhasin

Founder, Cyberjure Legal Consulting, Mumbai

I joined the NUJS diploma in Entrepreneurship Administration and Business Laws while I was working with the Calcutta Stock Exchange. I had already done my LLB and was looking for a course which would give me some practical insight. I came across the NUJS Diploma in Entrepreneurship Administration and Business Laws while searching the internet. I was looking for some course for value addition to my profile and knowledge. I had already done my LLB and MBA but wanted some practical knowledge. This course appealed to me, as it was dealing with business laws and I was working with a corporate. So this course was very significant to me and covered things which were relevant to me.

Sumit Sengupta

CFA, LL.B, Legal Counsel, Calcutta Stock Exchange

All modules in this course are meticulously designed with the emphasis on practical knowledge and it's very difficult to say which module was more informational than the other. Still, I particularly found the modules on statutory compliances, due diligence, business structuring and institutional financing to be really beneficial for me because I wanted practical insight into these topics. Non-lawyers such as businessmen are usually afraid of legal jargons that are found in books; however, this course uses a very simple and easy to understand language and therefore I recommend this course to all those who wish to enhance their business law knowledge.

Harshal Joshi

Legal Head, Legal Dog, LL.C

This course is something that would simply catalyze the process and help you in creating the best path for yourself. Being armed with a diploma in law from a prestigious national law school in itself speaks volumes – it gives the signal to the people working with you that your understanding of legal and regulatory situation should be and can be taken seriously. Given the kind of work I'm into, it does help a lot indeed, especially as one climbs the stairs of seniority and responsibility. The early headstart in legal strategy making and insights into dispute resolution is also a superb advantage.
Also joining the course has given me a new fraternity. It indeed feels great to have been associated with iPleaders…and I would be glad to continue with this relationship. I continue to get professional support from them. You can always reach out to the alumni or iPleaders founders themselves and ask for a favour.
I would strongly recommend this course to people (age no bar, beyond fulfilling the eligibility criteria) who are interested in bringing out something new (in any form) which shall be innovative and meaningful in the long run, and those who are interested in organization building – as the course helps in minimizing the number of legal and strategic hurdles that one may face after taking the plunge. You will be much more educated and smart with respect to a whole range of things once you even go through the course even partially.

Abhilash Acharya

Doctoral Fellow, IIM Ranchi

The placement support program offered by iPleaders was useful in securing my first job at Innove Law (a niche corporate law firm in Mumbai).

Unnita Bhattacharya

Associate at Krishnamurthy & Co.

This course has given me valuable insights such as drafting various agreements with clients, dealing with clients, and also choosing right organization structure my own venture and was able to help other entrepreneur in structuring their new venture.
Skills I learned during the course structuring a company, appoint advisors and remunerate them, drafting Co-Founder's Agreement, taxation of software product and SAAS companies, clear understanding of Shareholders' Meetings, legal instruments, Shareholders' Agreement, how to raise investments effectively, drafting employment agreement, Structuring ESOP& ESPS, How to avoid disputes and drainage of resources through courtroom battles, Data protection under Indian law, Cloud computing agreements, How to obtain copyright, trademark and patent registration in India.
Definitely student entrepreneurs studying in college will get a lot of benefits from this course. Interested students will be motivated like me to pursue their entrepreneurial journey keeping balance with various entrepreneurship network system, they can easily create a successful business venture without any hindrance.

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