GST Certification course by SPARK Foundation

SPARK Foundation launches ‘GST Certification Course’ under the guidance of CA Rajender Arora

Brief understanding of the Course:

GST introduced on 1st July 2017 has recently celebrated its 3rd anniversary. At this juncture, GST course is introduced with focus on detailed understanding of provisions with examples and practical issues prevailing in the industry:

Starting From: 10th May to 26th May
Time: 6:30 PM to 8:30 PM IST
Faculty: CA Rajender Arora

Key Highlights:

➢ 12 Days course on GST of 2 hours per session-: 24 Hours of Learning

➢ 15 Minutes for Query resolution post each session.

➢ Detailed analysis of GST Provisions.

➢ Use of examples and discussion of practical issues.

➢ Linking of All sections with relevant rules.

➢ Analysis of open and burning issues in GST & recent judgments.

➢ Special session for discussion on GSTR-9 and GSTR-9C – Table wise.

➢ Coverage of all recent amendments and their Implications.

➢ Coverage of latest proposed changes in Budget 2021.

➢ Participation Certificate shall be provided on mail.

➢ Recorded Video to be provided for unlimited future viewing

Day wise coverage:

GST being a versatile law demands for evolving and updating oneself on daily basis. Now to learn all the basic to advance concepts and prepare yourself for the latest GST updates following table of schedule for 12 days along with coverage on daily basis is summarized:

Session 1 - 10th May, Monday: Constitution, Definitions, Levy & Supply under GST

• Constitutional validity.
• Relevant Definitions.
• Connection with other relevant laws – Sale of Goods Act, Limitation Act, General Clauses Act.
• Understanding Meaning and Scope of supply with schedules.
• Charging Section i.e., Levy and Collection.
• Brief outlay of Forward & Reverse Charge Mechanism.
• Composite and Mixed Supply with examples and differences.
• Cross Charge under GST. (Concept, Application, Valuation and Reporting)

Session 2 - 12th May, Wednesday: Time of Supply & Valuation

• Detailed discussion on Time of Supply provisions for Goods & service.
• Valuation-Goods and Services.
• Interlinking the valuation rules.

Session 3 - 14th May, Friday: Place of Supply for Goods or Services

• Intra- State vs. Inter- State Supplies.
• Place of Supply for Goods.
• Place of Supply for Services.
• Place of Supply for Export and Import of Services.

Session 4 - 15th May, Saturday: Input Tax Credit (ITC) – Eligibility, Blockage & Reversal

• Detailed Analysis of Section – 16, 17, 18, 19 of CGST Act, 2017(Primary Sections of ITC)
• Concept of Input Service Distributor (ISD)
• Concept of Reversal of ITC
• Concept and linking of Form GSTR-2A vs GSTR – 2B along with Rule 36(4) of CGST Rules, 2017.
• Concepts of Blocking of Credit Ledger(Rule 86A) and 1% tax Rule(Rule 86B) of CGST Rules, 2017.

Session 5 - 16th May, Sunday: Registration, Cancellation, revocation

• Threshold limits specified for obtaining GST Registration-Sec 22
• Who is required to obtain Compulsory registration-Sec 24?
• General aspects related to registration under GST
• Cancellation & revocation of cancellation of registration
• Persons not liable for registration-Sec 23
• Interplay of Secs 22/23/24

Session 6 - 17th May, Monday: Returns, QRMP Scheme, PMT-9, DRC-03, Reconciliation, Finalization of Books and Practical issues

• Discussion, Critical Issues and Reporting requirements in Form GSTR-1, GSTR-3B, GSTR-5, GSTR-6, GSTR-7, GSTR-8. (Including NRTP, Normal Taxpayer, ISD, Casual Taxpayer, TDS, TCS).
• Recent development in due dates of GST returns.
• QRMP Scheme along with FAQ’s.
• How to use Facility of Transfer of Cash Balance by taxpayer himself through PMT-09-Live Demo
• Circumstances under which DRC-03(Intimation of voluntary payment) is to be used for tax payments?
• Correction of Mistakes or Solutions for mistakes in GSTR-1 & GSTR-3B.
• Reconciliation and Finalization of Books of Accounts from GST Perspective.

Session 7 - 19th May, Wednesday: Invoicing, Vouchers, E- Invoicing, HSN, Job-work, E-way bill, Accounts and Records

• Detailed Discussion on Tax Invoice, Credit and Debit Note
• Concept of Refund Vouchers, Payment Vouchers, Receipt Vouchers, etc.
• Applicability, Non applicability, Consequences of non-generation and other technicalities of E-Invoicing and QR Code.
• HSN-Requirement wef 1-4-21 and How to search HSN
• GST Provisions wr.t. Job-work
• Detailed Discussion on E-Way Bill
• Preservation and Maintenance of Accounts and records

Session 8 - 21st May, Friday: Refund Under GST

• Refund of IGST or ITC in case of Export.
• An overview of Supplies to SEZ, Export, Deemed Export.
• Understanding meaning of Zero-rated supply under GST.
• Understanding of Refund for Inverted Duty Structure along with latest contradictory judgments.
• Refund of Balance in Cash Ledger or TDS/TCS Credit.
• Various Circulars of Refund(Circular 125 and 135)
• Concept of PMT-06
• Documents required to be attached with Refund application

Session 9 - 22nd May, Saturday: GST Annual Return and Interlinking with GSTR-3B & GSTR-1 And Exempt Services

• Understanding Annual audit and return provision and its applicability.
• Overview of preparation of Form GSTR-9 and GSTR-9A – Table wise discussion.
• Filling prospects of GSTR-9 and GSTR-9A.
• Interlinking Tables of GSTR-1, GSTR-3B, GSTR-9 & GSTR-9C
• Detailed discussion on Exempt services as per not. 12/2017 CTR

Session 10 - 23rd May, Sunday: GST Audit, Audit u/s 65 & 66, Advance Ruling and Assessments

• Preparation & understanding of GSTR-9C – Table wise discussion.
• Compiling data for reconciliation part of GSTR-9C.
• Guide for conducting GST audit and Drafting GST Audit Report.
• How to prepare for, get it conducted and reply queries under Audit by tax authoritys’ u/s 65
• Special Audit u/s 66
• For which matters, how to prepare and present for Advance Ruling
• Concept of Assessments in GST along with various circulars/sop issued thereunder.

Session 11 - 24th May, Monday: Inspection, Search and Seizure, Power to arrest, Recovery of Tax and Provisional Attachment, Power to Summon and issue show cause notice

• Power of officer and Rights of Assesses in case of inspection, search and seizure
• Power to Attach property and Bank Account
• Understanding of Bailable and Non-Bailable arrest provisions under GST
• Understanding of Summons linked with Civil Procedure Code
• How to prove that there was no intention to evade taxes. Sec.135 (Culpable and Non-Culpable state of Mind w.r.t. sec 73 & 74)

Session 12 - 26th May, Wednesday: Powers of Proper Officers, Cross Powers of officers, How to Reply to Show Cause Notices, Important Judgements, Reading Law and Forming Opinion

• Proper Officers and their powers in terms of circular 03/03/2017-GST
• Understanding of Cross Powers of Central and State Officers
• How to reply to show cause notices?
• Importance of Correct filing of Return to avoid Notices or Precautions for avoidance of Notices
• Discussion on Important Judgments
• How to read law - Interpretation of Statues and Harmonious Construction
• How to Form a Written Opinion

How it works:

1. Purchase the course ticket
2. After successful purchasing, You will receive confirmation mail from tickets@townscript.com on your email id (which you provided during the registration)
3. Confirmation mail would contain your Registration details along with the Zoom Login Details for the session under Message from organizer section
4. Zoom Login Details would be the same for the entire course duration
5. You will be added in a WhatsApp group for further communication between us & you
6. Everyday you will receive PPT for the session before the start of the course & Course recorded YouTube link at the end of the course everyday. (YouTube link would be accessible only with the email id which you provided during the registration

You can visit our YouTube channel for more details and videos related to GST:

https://www.youtube.com/channel/UCNy7nEyKp1bbVHic4bLYGug

OUR FLAGSHIP PROGRAMMES:

➢ GST Mantra, Every Tuesday at 3 PM at YouTube Channel of Tax4Wealth

➢ GST Over Tea, Every Tuesday and Friday at NSP & CP respectively at 3PM to 6PM.

➢ GST AajTak at Every 12th of the month at 6PM at YouTube Channel of CA Rajender Arora

➢ Publishing Happy GST Series twice a week

NSP Location - 106, Apra North Ex Plaza, H-2, Red Buildings, Near PP Jewellers, Netaji Subhash Place, Opposite TV Tower, New Delhi-110034.

CP Location - 405, Rohit House, Tolstoy Marg, Connaught Place, New Delhi- 110001.

****HAPPY GST****