GST Basics

Module Content

• Introduction
  1. Major chronological events that have led to the introduction of GST
  2. Businesses who are liable to collect GST
  3. Services on which GST is not applicable
  4. What are 3 types of GST?? – CGST, SGST AND IGST
• Applicability of different types of tax
  1. What is Intra State supply of goods or services?
  2. What is Inter-state supply of goods or services?
  3. How would a transaction of supply of goods and services within a particular state be taxed simultaneously under Central GST (CGST) and State GST (SGST)?
  4. What is the mechanism to tax interstate transactions?
  5. Which taxes have been subsumed under GST?
  6. Which goods/sectors are out of the purview of GST?
  7. What is taxable event under GST?
  8. What is meant by reverse charge?
  9. Who will pay the tax liability if the receipt of supply is from unregistered persons?
• Inter-state sales or Intra-state sales
• Place & Time of supply
  1. What is the time of supply for levying GST on the supply of goods?
  2. What is the point of levy of GST on supply of services?
  3. What is time of supply?
  4. What is the time of supply with respect to supply of goods?
  5. What is the time of supply with respect to supply of services?
  6. Time of supply for cases where it is difficult to determine using usual means
  7. Need for determining the place of supply under the GST law
  8. What would constitute as place of supply where goods are removed?
  9. Place of supply if the goods are delivered by the supplier to a person on the directive of a third person
• How to calculate GST?
  1. Calculation of GST Amount payable to Government
  2. GST Rates
• Advantages/Benefits of GST
  1. For business and industry
  2. For Central and State Governments
  3. For the consumer