GST & Taxation

GST (Goods and Services Tax) and taxation:

GST (Goods and Services Tax) and taxation:

Introduction to Taxation

☛  Understanding the concept of taxation

☛  Types of taxes (direct and indirect taxes)

☛  Importance and objectives of taxation

Overview of GST

☛  Introduction to Goods and Services Tax (GST)

☛  Evolution and implementation of GST in various countries

☛  Key features and components of GST

GST in India

☛  Historical background of GST in India

☛  GST Council and legislative framework

☛  Structure of GST (CGST, SGST, IGST)

☛  Applicability and exemptions under GST

GST Registration and Compliance

☛  GST registration process and eligibility criteria

☛  Types of GST registration (regular, composition, voluntary)

☛  Filing GST returns (GSTR-1, GSTR-3B, GSTR-9, etc.)

☛  Input Tax Credit (ITC) mechanism

GST Rates and Classification

☛  Understanding GST tax slabs (0%, 5%, 12%, 18%, 28%)

☛  Classification of goods and services under GST

☛  Determining the correct GST rate for transactions

GST Accounting and Invoicing

☛  GST invoice requirements and format

☛  Maintaining proper accounting records under GST

☛  Input and output tax calculations

☛  Reconciliation of GST returns with financial statements