Master GST : A Practical Guide for CA, CMA & CS

What You Will Learn:

• Understanding Supply Under GST – Definition & Scope

• Types of Supply – Intra-State, Inter-State, Composite, Mixed & Deemed Supply

  Key Provisions & Legal Framework – Applicability under CGST Act

• Real-World Business Scenarios – Practical Application of GST Supply

• Conditions for Supply – Goods, Services & Consideration under GST

• Case Studies & Examples – Practical Insights for CA/CS/CMA

By the end of this lecture, you will be able to:
Identify different types of supplies under GST
Apply GST rules to real-world transactions
Analyze supply classifications for compliance & tax planning

What You Will Learn in This Lecture:

• Concept of Input Tax Credit (ITC) – Understanding how businesses can claim tax credits

• Regulatory Framework – Key sections under the CGST Act governing ITC eligibility

• Conditions & Restrictions – Who can claim ITC, blocked credits, and exemptions

• Computation of GST Liability – Step-by-step process for ITC adjustments

• Special Cases – ITC in job work, banking, and Input Service Distributor (ISD) mechanism

• Real-World Business Scenarios – How ITC works in practice with case studies

By the end of this lecture, you will be able to:
Determine who can claim ITC and under what conditions
Calculate GST liability after applying ITC
Understand blocked credits and their implications on business
Apply ITC rules in real-world GST scenarios for compliance

What You Will Learn in This Lecture:

• Meaning of Job Work – Definition as per Section 2(68) of CGST Act, 2017

• Key Provisions – GST rules for sending goods to job workers without tax payment

• Input Tax Credit (ITC) on Job Work – Who can claim ITC and under what conditions

• GST Treatment of Job Work Transactions – Tax rates and applicability of Forward Charge Mechanism (FCM)

• E-Way Bill & Documentation Requirements – When and how to generate an E-Way Bill for job work

• GST Implications If Goods Are Not Returned – Deemed supply & tax liability under Section 143 of CGST Act

• Job Work for Exports – Direct export from job worker’s premises without GST payment

• Reverse Charge Mechanism (RCM) on Job Work – When the recipient is liable to pay GST

By the end of this lecture, you will be able to:
Understand how job work is treated under GST and its impact on businesses
Learn how ITC can be claimed on goods sent for job work
Comply with GST rules for movement, invoicing, and return of goods from job workers
Apply real-world business scenarios & case studies related to job work