Description
Course Name: Certificate In Goods & Services Tax
Course Id: GST/Q0101.
Education Qualification: 12th Pass.
Duration: 90 Hrs.
How You will Get Diploma Certificate:
Step 1- Select your Course for Certification.
Step 2- Click on Enroll Now.
Step 3- Proceed to Enroll Now.
Step 4- Fill Your Billing Details and Proceed to Pay.
Step 5- You Will be Redirected to Payment Gateway, Pay Course and Exam Fee by Following Options.
Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.
Step 6- After Payment You will receive Study Material on your email id.
Step 7- After Completion of Course Study give Online Examination.
Step 8- After Online Examination you will get Diploma Certificate soft copy(Scan Copy) and Hard Copy(Original With Seal and Sign).
Step 9- After Certification you will receive Prospect Job Opportunities as per your Interest Area.
Online Examination Detail:
Duration- 60 minutes.
No. of Questions- 30. (Multiple Choice Questions).
Maximum Marks- 100, Passing Marks- 40%.
There is no negative marking in this module.
Benefits of Certification:
- Government Authorized Assessment Agency Certification.
- Certificate Valid for Lifetime.
- Lifetime Verification of Certificate.
- Free Job Assistance as per your Interest Area.
Syllabus
Certificate in Goods & Service Tax
- Introduction to Goods and Services Tax
- Levy, Tax Collection and Reverse Charge Mechanism
- Input Tax Credit & Payment of GST
- Concept of Tax Planning
- Statistical Data and Descriptive Statistics
- Probability and Probability Distributions
Introduction to Goods and Services Tax
Introduction – Stages of Evolution of Goods and Services Tax – Methodology of GST – Subsuming of taxes- constitutional background – Benefits of implementing GST- Structure of GST- Central Goods and Services Tax – State Goods and Services Tax – UTGST – Integrated Goods and Services Tax – Important concepts and definitions under CGST Act and IGST ActGSTN – HSN Code – SAC code – GST council – Structure, Power and Functions. Concept and types of Indirect Tax; Right to impose indirect tax by Centre (Union)/State and Union Territory Governments before and after 101st Amendment of the Constitution of India; Introduction of GST in India; Definition – Supply, Aggregate Turnover, Person, Business , Appropriate Government, Mixed Supply, Composite Supply, GSTN, GSTIN, E-Commerce Input Tax Credit etc. GST Models : Single GST & Dual GST; Types of GST:- CGST,SGST/UTGST,IGST ; Levy and Collection of GST. Input Tax Credit (ITC), Eligibility and conditions for taking Input Tax Credit, Apportionment of ITC and Blocked Credit ; Various Documents under GST- Tax Invoice, Bill for Supply, Debit Note, Credit Note, Payment Voucher, Receipt Voucher, E-way bill, HSN Code and SAC Code.
Levy, Tax Collection and Reverse Charge Mechanism
Taxable event- “Supply” of Goods and Services; Place of Supply: Within state, Interstate, Import and Export; Time of supply; Valuation for GST- Valuation rules, taxability of reimbursement of expenses; Exemption from GST: Small supplies and Composition Scheme; Classification of Goods and Services: Composite and Mixed Supplies. Taxable event- “Supply” of Goods and Services; Place of Supply: Within state, Interstate, Import and Export; Time of supply; Valuation for GST- Valuation rules, taxability of reimbursement of expenses; Exemption from GST: Small supplies and Composition Scheme; Classification of Goods and Services: Composite and Mixed Supplies.
Input Tax Credit & Payment of GST
Cascading Effect of Taxation- Benefits of Input Tax Credit- Manner of claiming input tax credit in different situations – Computation – Input service distribution – Computation – Recovery of Credit – Reversal of credit – Utilization of Input tax credit – Cases in which input tax credit is not available – Tax Invoice – Unauthorised Collection of Tax – Credit Notes – Debit Notes – Electronic Cash Ledger – Electronic Credit Ledger – Electronic liability ledger -,Manner of payment of tax- Tax Deduction at Source – Collection of Tax at Source – Refunds, Eligible & Ineligible Input Tax Credit , Apportionments of Credit & Blocked Credits, Tax Credit in respect of Capital Goods, Recovery of Excess Tax Credit.
Concept of Tax Planning
Meaning of tax planning, tax avoidance, tax evasion & tax management, Objective of tax planning, Basic framework of Income tax law; meaning of few frequently used terms like assessee, previous year, assessment year, Gross total income, Total taxable income, Tax Planning with reference to Residential status – Relevance of residential status in computing taxable income, Determination of Residential status of an individual, HUF, Company, other persons, Relationship between residential status and incidence of tax, Area of Tax Planning-Case study, Provisions in brief relating to concept of agricultural income and tax treatment and tax planning of agricultural income.
Statistical Data and Descriptive Statistics
Measures of Central Tendency, Mathematical averages including arithmetic mean, geometric mean and harmonic mean. Properties and applications, Positional Averages: Mode and Median (and other partition values including quartiles, deciles, and percentiles) (including graphic determination), Measures of Variation: absolute and relative, Range, quartile deviation, mean deviation, standard deviation, and their co-efficient, Properties of standard deviation/variance, Moments: calculation and significance. Skewness, Meaning, Measurment using Karl Pearson and Bowley’s measures Concept of Kurtosis.
Probability and Probability Distributions
Theory of Probability, Approaches to the calculation of probability, Calculation of event probabilities, Addition and multiplication laws of probability, (Proof not required), Poisson distribution: Probability function,(including Poisson approximation to binomial Distribution), Constants, Fitting of Poisson distribution, Normal distribution: Probability distribution function, Properties of normal curve Calculation of probabilities, Binomial distribution: Probability distribution function, Constants, Shape, Fitting of binomial distribution, Conditional probability and Bayes’ Theorem (Proof not required).
