uLektz Skills

Learning Path

Non-Linear: Random Order

About the Course

Course Description

The Certification in Goods and Services Tax (GST) is a comprehensive program designed to equip individuals with the knowledge and skills necessary to understand, apply and comply with the GST framework. GST is a significant taxation system used in many countries and this course is ideal for professionals, business owners, accountants and anyone looking to gain expertise in GST regulations.

Course Objectives

Upon successful completion of this certification course, participants will be able to

• Understand the fundamental concepts and principles of GST.

• Navigate the GST registration process and compliance requirements.

• Comprehend the nuances of GST rates, classifications and exemptions.

• Master GST return filing, payment mechanisms and e-way bill generation.

• Effectively utilize Input Tax Credit (ITC) and handle Reverse Charge Mechanism (RCM).

• Address common GST compliance issues and challenges.

• Stay updated with the latest developments and amendments in GST law.

Who is this Course For

• Tax professionals including consultants, advisors and chartered accountants, seeking specialization in GST.

• Finance and accounting professionals such as analysts, managers and auditors, aiming to grasp GST's financial impact.

• Business owners, entrepreneurs and startups needing GST compliance expertise.

• Legal and compliance experts including lawyers and officers ensuring GST compliance.

• Students and aspiring professionals in finance, accounting, law or taxation.

• Government employees, tax officers and public sector workers administering GST regulations.

• Procurement and supply chain professionals navigating GST's influence on operations.

• E-commerce professionals handling GST complexities in online sales.

• Consultants and advisors providing GST guidance to clients.

• Anyone intrigued by taxation, economics or GST's functioning, eager to broaden their knowledge.

Course Study Materials

Module 1: INTRODUCTION TO GST

1.1Overview of GST
1.2 Historical Background
1.3 Objectives and Advantages of GST
1.4 Comparison with The Previous Tax System
INTRODUCTION TO GST - Assessment 10 Questions

Module 2: GST REGISTRATION AND COMPLIANCE

2.1 Eligibility and Requirements for GST Registration
2.2 The Registration Process
2.3 Amendments and Cancellation of Registration
2.4 GST Compliance and Record-keeping
GST REGISTRATION AND COMPLIANCE - Assessment 7 Questions

Module 3: GST CONCEPTS AND BASICS

3.1 Understanding the Concept of Supply
3.2 Types of Supplies (Taxable, Exempt, Zero-rated)
3.3 Input Tax Credit (ITC) Mechanism
3.4 Place and Time of Supply Rules
GST CONCEPTS AND BASICS- Assessment 8 Questions

Module 4: GST RATES AND CLASSIFICATION

4.1 GST Rate Structure
4.2 Classification of Goods and Services
4.3 Harmonized System of Nomenclature (HSN) and Service Accounting Codes (SAC)
4.4 Factors Influencing GST Rates
GST RATES AND CLASSIFICATION - Assessment 8 Questions

Module 5: GST RETURNS AND PAYMENT

5.1 Filing of GST returns (GSTR-1, GSTR-3B, etc.)
5.2 Due Dates and Penalties for Late Filing
5.3 GST Payment Mechanisms
5.4 E-way Bills and Their Importance
GST RETURNS AND PAYMENT - Assessment 8 Questions

Module 6: INPUT TAX CREDIT AND COMPLIANCE ISSUES

6.1 Input Tax Credit (ITC) Eligibility and Conditions
6.2 Reverse Charge Mechanism (RCM)
6.3 Valuation Under GST
6.4 Compliance Issues and Common Challenges
INPUT TAX CREDIT AND COMPLIANCE ISSUES - Assessment 8 Questions

Module 7: ADVANCED GST TOPICS

7.1 Special Provisions for Specific Industries
7.2 GST and International Trade (Export and Import)
7.3 Recent Developments and Updates in GST law
7.4 GST Technology
ADVANCED GST TOPICS - Assessment 8 Questions

Final Assessment

Final Assessment 20 Questions

The certificate issued for the Course will have

Student's Name
Photograph
Course Title
Certificate Number
Date of Course Completion
Name(s) and Logo(s) of the Certifying Bodies

Only the e-certificate will be made available. No Hard copies. The certificates issued by The Academic Council of uLektz. can be e-verifiable at www.ulektzskills.com/verify.

Students will be assessed both at the end of each module and at the end of the Course.
Students scoring a minimum of 50% in the assessments are considered for Certifications