The Premier GST Tax Academy in India

GST Course for Executives, GST TRAINING

Executive Program on Goods & Services Tax (GST), Why GST, Goods and Services Tax (GST), GST Administration, GSTN, GST Registration process, GST Payment process, GST Return Mechanism, GST Periodicity, GST type of returns and information requirements, GST Refund mechanism

GST training Program, Goods & Services Tax (GST)

We are pleased to announce an “Executive Program on GST”. GST is one of the biggest and much awaited reform in India's Indirect Tax structure.

GST Course Why GST?

Goods and Services Tax (GST) is an indirect tax reform which aims to remove tax barriers between states and create single market access in India. It is also expected to address the current issue of inefficiencies in the tax system, prevent cascading impact of multi-level taxation, plug the revenue leakages and raise the transparency levels in business.

Everyone will be impacted! GST not only impacts the Finance and Accounting Function in an organisation, but also the Purchase / Procurement, Sales & Marketing, Production, Distribution and Logistics, Human Resources, Administration, Information Technology inter alia.

The Key function heads and their respective team members need to understand the implication of GST, so that the organisation is prepared to meet the challenges and ensure appropriate level of readiness. There will be significant change in the way decisions are being made across various functions. It is imperative that the team completely understands GST, handle its implication and be ready in implementing the Tax Reform in the most effective and efficient manner.

GST Course Duration

16 Sessions of 3 Hours each

GST Course Objective

• Provide a key perspective and update on the GST Regime
• Help the participants understand the important issues and challenges post GST
• Help participants in understanding the key implications of GST on the business and/or processes and the transformation they need to undergo post GST implementation.

GST Course Methodology

• Orientation to participants
• Practical illustrations
• Exercises, sharing of formats, Templates etc.
• Case Studies

Executive Program on Goods & Services Tax (GST) will help you to handle the implementation aspects of GST with proper diligence and prepare you to ensure compliance.

GST Course Executive Program on Goods and Services Tax (GST)

GST Overview • Overview of proposed GST structure and its implications on Trade & Industry
• Background of the existing tax regime and need for GST
• Comparative of Existing Tax Regime “as is” and the GST Regime “to-be”
• Preparing for GST Implementation. What all it takes to be GST Ready?
• Key issues and challenges ahead for the Industry

GST Detailed Perspective

• Pre-test Q&A of the GST
• GST Model
• Type of GSTs
• Origin V/s Destination basis
• Central, State and Local Tax framework in GST
• Comparative analysis of existing taxes and post GST taxes - Overview
• Advantages and limitations of the IGST, CGST Model
• Impact of GST on number of business decisions – What to specifically watch out for
• Overall Management
• Procurement
• Supply Chain
• Sales & Marketing
• HR and Administration
• Finance and Accounts
• Manufacturing/ Service Delivery
• Services
• Vendors and Customers
• Tax rates and its applicability
• Place of Supply rules and impact on various types of transactions
• Supply rules for goods
• Supply rules for services
• Input taxes- what is next?
• Special tax computation schemes under GST
• Impact on other indirect taxes post GST
• Valuation of Goods under different situations and cases

GST Administration

• Registration process
• Payment process
• Return Mechanism
• Periodicity, type of returns and information requirements
• Refund mechanism

GST Course Accounting under GST regime

• Accounting entries
• Financial Records
• Operation and allied records Comparative Analysis – Pre-GST and Post GST-Detailed with illustrations
• Manufacturing
• Services
• Traders
• Consumer
• Input Credit provisions

Brief Sectoral analysis of impact of GST and Detailed analysis

• BFSI, Retail, IT, E-Commerce, Food Service, Real Estate, Transportation, Telecommunication, Financial Services, FMCG, Warehousing and Logistics, Automotive, Pharma, Petroleum, Tobacco, Liquor, Power, Energy, Oil and Gas, Textile, Overall Manufacturing, Agriculture and Agribusiness

Extract and Analysis of various

• Government issues / published consultation papers, Committee Recommendations, State submissions, Comparative analysis of Proposed GST regime in India with Other Countries.

Way Forward and Next Steps to be ready for GST