Certificate Course on GST Taxation Committee In Pursuit of Professional Excellence Certificate Course on GST

About The Institute The Institute of Cost Accountants of India (ICAI) is a premier professional body of Management Accountants in the country established on 28th May, 1959 under the Cost and Works Accountants Act, 1959 enacted by the Parliament to regulate the profession of Cost and Management Accountancy in India. Statutorily Recognized by the Parliament in 1959 – as The Cost & Works Accountants of India (ICWAI). The ICWAI is recognized by the Parliament as The Institute of Cost Accountants of India (ICAI), w.e.f. 1st Feb, 2012 . Largest Cost & management body in Asia. Second Largest Cost & Management Accounting body in the world. 4 Over the years the Cost and Management Accountancy profession has registered a tremendous growth and has occupied a prominent role in our economy and society. The Institute has more than 5,00,000 students and more than 70,000 qualified members contributing to Indian Industries providing relevant and appropriate professional accounting services. 5

International Membership of the Institute Global Accreditation: The Institute is a Member of : The International Federation of Accountants (IFAC) The Confederation of Asian and Pacific Accountants (CAPA) The South Asian Federation of Accountants (SAFA) National Foundation for Corporate Governance (NFCG) Federation of Indian Chambers of Commerce and Industry (FICCI) Confederation of Indian Industry (CII) and The Associated Chambers of Commerce and Industry of India (ASSOCHAM) The Institute, as a leader in the field of accountancy in the South Asian Region, is also imparting training to accountants from overseas countries.

Course Objective GST (Goods & Services Tax) is a major tax reform in the Country and is a game changer. There has been a paradigm shift in the Indirect Tax structure with the GST rollout w.e.f 01st July 2017. As a professional, it is imperative to understand and assimilate the new taxation structure, associated compliances and the changes in business processes emanating there from. With this intention in the backdrop, a course module on GST has been planned so as to upgrade the knowledge level of our members & professionals in a structured and practical oriented manner. Institute has two fold expectations from this course, first the GST concepts and implementation has to be understood in a simple way by professional colleagues, so that the same can be passed on to the business houses, traders and other such concerns having GST impact in their respective locations.

Course Eligibility Qualified Cost & Management Accountants. Other Professionals Executives from Industries GST Practitioners Students who are either CMA qualified or pursuing

Course Duration, Fees, Examination and other Modalities Course Duration: 72 hours Classroom Sessions on Saturday - 2 Hrs & Sunday - 4 Hrs/ Online classes - Anytime Online Registration: Sept - October, 2018. Assessment: Online mode Course Fee: Rs. 10,000 + GST and Examination Fee Rs. 1000 + GST. 20% discount for the Members and Final pursuing students of the Institute. Special Discount for Corporates For number of employees 5 – 10 , discount is 15% For number of employees more than 10 , discount is 20% Award of Certificate: Candidates with at least 70% attendance in the case of classroom session and passing the online examination will be awarded a Certificate by the Institute. No Study Materials & Mock test module to be provided to all participants Experienced faculties from Industry and practice

Places for Classroom Learning Classes will be held on Saturday & Sundays at the following locations - North South East West Delhi Noida Kolkata Bhubaneswar Ranchi Muzaffarpur Mumbai Pune Ahmedabad Baruch Chennai Hosur Bangalore Coimbatore Hyderabad Mysore

Detailed Course Contents Chapt. Topic Contents 1 Constitutional Background of GST, Concepts of GST & Definitions in GST. Existing Indirect tax subsumed in GST Goods outside the purview of GST Dual model of GST Fundamentals regarding SGST, CGST, IGST, UTGST Definitions under CGST, IGST with cases. 2 Taxable event, Time of Supply and Place of Supply, Composite & mixed supply, non-taxable supply, exempt supply, works contract, exempted supply. Meaning of Supply Scope of supply under Schedule-I, II, III Composite Supply, Mixed Supply Power of Govt. to grant exemption. Composition Levy, Composition Rule, Persons not eligible for Composition Scheme. Time of supply of Goods and Services. 3 Classification, HSN, SAC Classification of Goods and Services (HSN). Service Accounting Code (SAC) 4 Valuation under GST, Valuation rule Interstate Supply, Intra State Supply, (i.e. Sec-7 up to Sec-12 of IGST Act). Transaction value (Sec-15). Exclusion and inclusion in transaction value. Valuation Rules. Valuation w.r.t. free supply, captive consumption etc.

Detailed Course Contents Chapt. Topic Contents 5 Input Tax Credit Eligibility and condition for availing Input tax credit. Apportionment of credit. Reversal of credit (Different situations) Adjustment of Credit. Credit in case of Job work. Manner of recovery of credit. Special circumstances of availing credit 6 Basic Procedures- Registration, Invoice, Bill of supply, E way Bills etc. Persons liable for registration. Persons not liable for registration. Deemed registration. Casual taxable person. Amendment of registration. Cancellation of registration. Revocation of registration. 7 Records and Returns A. Records: Tax Invoice, Bill of supply, Debit note, Credit note. CGST rules on invoice.  B. Accounts and accounting entries: Sample list of accounting entries. C. Returns: Types of return on the basis of CGST return rule. Annual return u/s – 44. Final return u/s – 45. Return related rules.

Detailed Course Contents Chapt. Topic Contents 8 Zero Rated Supplies , Imports and Exports Zero rated Supply. GST w.r.t Import i.e. CVD, SAD. GST w.r.t Export. 9 Payment and Refunds List of Forms. Procedures. Payment of Tax. Payment of Interest and Penalty. TDS, TCS etc. Refund of GST u/s- 54. 10 Assessment Self Assessment u/s- 59 Scrutiny of Return u/s- 61 Provisional Assessment u/s- 60 Assessment of non registered person u/s- 63 Summary Assessment u/s- 64 11 Audit Audit by tax authorities u/s- 65. Special Audit u/s- 66. CGST rules on Audit. Role of Cost and Management Accountants.

Detailed Course Contents Chapt. Topic Contents 12 Demands Tax paid in excess / less. Tax paid erroneously. Tax collected and not paid to Govt. Recovery of tax. Demand and recovery rules. 13 Adjudication and appeal Appeal to Appellate Authority under different situations ( U/S- 107 to 118) Revisional Authority. Appellate Tribunal. Appeal to High court / Supreme Court 14 Penalties and Prosecutions Penalty provision u/s- 122 to 138 along with Cognizance upto compounding of offence. 15 Advance Ruling Authority of Advance Ruling. Procedures u/s- 96 up to 106.

Detailed Course Contents Chapt. Topic Contents 16 Job Work Job work procedure u/s- 143 along with Cases. 17 Anti profiteering Detail provisions u/s- 171 with cases. 18 Miscellaneous Provisions Reverse charge. Electronic Commerce Operator. 19 Case studies on specific Chapters involving real life scenarios Compliance procedure. Other miscellaneous topics u/s- 144 up to 170

Contact for any queries further THE INSTITUTE OF COST ACCOUNTANTS OF INDIA - HQ 12, Sudder Street, Kolkata – 700016 Tax Research Department Phone: +91 33 40364875,+91 33 40364782/ +91 33 40364721 +91 33 40364711 Website: www.icmai.in Delhi Office 3 ,Institutional Area Lodhi Road ,New Delhi - 110003 Phones: +91 11 24666100, 24622156/57/58 Hyderabad - Center for Excellence & Advance Studies Plot 35, Financial District, Nanakaramguda Village, Gachibowli Phone: 40-2300 2557 Special Crash Course for the Corporates – For details contact: trd@icmai.in;

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