New GST e-learning certification by ClearTax

Did you know that around 160 countries in the world follow GST? In this chapter, we will take a walk down memory lane and talk about why GST was introduced in the first place, the idea behind it and the advantages of the system.

So, with the introduction of GST, we big adieu to several forms of indirect taxes like VAT, CST, Service Tax, CVD, among others. In this lecture, we'll talk about the cascading effect that GST removed from the system.

Did you know that a GSTIN number is longer than a phone number? Yes, it is 15-digit long! In this lecture, we will discuss what GSTIN is and why it is important.

Under GST, taxpayers whose turnover is less than Rs 1 crore can get rid of tedious GST formalities and pay GST at a fixed rate of turnover. This simple-yet-interesting scheme is called a composite scheme. In this lecture, we will discuss all about a composite scheme.

The very foundation of GST stands on the correct determination of place of supply. In this lecture, we will take you through the importance of place of supply & various cases.

Like the place of supply, the time of supply is also of great importance. In this lecture, we will give you a detailed walk-through about time of supply and its importance.

In this lecture, we will give you a detailed walk-through about value of supply and its importance.

With digitisation, ledgers have also been converted to an electronic version? In this lecture, we will talk about e-ledgers and how they were incepted.

In this lecture, we will discuss in detail the different types of assessments.

In this lecture, we will discuss the penal provisions and changes in the new return system. We will discuss the offences and penalties in detail.

There are specific conditions under which one can claim an input tax credit. We will find out what these circumstances are in this lecture.

Just when we thought that we have understood the GST system with regard to the Input Tax Credit Utilisation, the Government has now changed the procedure for the order of set-off of the same. While the new rules are fairly simple, let us walk you through how to set-off ITC against liability and cross utilisation in this lecture.

In this lecture, we will discuss how to set-off ITC against liability.

In the lecture, we will discuss about ineligible ITC and look into some cases where ITC under GST cannot be availed.

In this lecture, we will find out about ITC reversal and how one can go about it.

Did you know, the concept of Input Service Distributor or ISD under GST is a legacy carried over from the service tax regime? In this lecture, we will explore ITC that is distributed by ISD.

In this lecture, we will try to understand the impact of input tax credit on job work and repairs.

Did you know that sometimes a buyer might need to pay tax to the Government instead of a seller? In such cases, reverse charge mechanism applies. In this lecture, we will learn about RCM in detail.

One of the main objectives of RCM is to reduce tax evasion. In this lecture, we will learn about various important reasons that make RCM a part of the GST law.

Although RCM is an important part of the GST law, it is not applicable in all the scenarios. In this lecture, we will learn about cases in which RCM is strictly applicable.

In this lecture, we will understand about the issues in old GST returns system.

VAT and Service tax issues led to the beginning of the GST returns and now issues in old GST returns is introducing us to new GST returns. This clearly shows, change is the only constant in the Indirect tax regulations in India. In this lecture, we will explain the philosophy of new GST returns.

In this lecture, we will understand all about the new GST returns.

In this lecture, we will go through the  new return forms - RET 1/2/3 along with its applicability.

If you are a business or a CA supporting a business, the first things you will want to know is what return profile should I choose among Normal Quarterly, Sahaj or Sugam. In this lecture, we will compare different return profiles.

In this lecture, we will understand the complete filing process for a normal monthly filer (for businesses having turnover > 5 Cr).

In this lecture, we will understand the filing process for a normal quarterly filer.

Did you know that GST SAHAJ is a simplified one-page GST summary return that is to be introduced from October 2019 onwards? In this lecture, we will learn about the complete filing process of Sahaj (RET-2).

Did you know that GST Sugam is a proposed simplified returns form which is to be introduced by the GST Council from October 2019 onwards? In this lecture, we will decode Sugam (RET-3).

As a buyer, one needs to be aware of certain factors when it comes to new GST returns. In this lecture, we will list out things to remember for a buyer.

As a supplier, one needs to be aware of certain factors when it comes to new GST returns. In this lecture, we will list out things to remember for a supplier.

In this lecture, we will take a deep dive into Annexure 1 and understand its components.

In this lecture, we will take a deep dive into Annexure 2 and understand its components.

Did you know that RET-1 comprises 9 tables? In this lecture, we will take you on a detailed walkthrough of RET-1.

Invoice management gains importance under new GST returns. It becomes critical to claim the right ITC at the right time for businesses to operate efficiently on its working capital. In this lecture, we will talk about the importance of invoice management.

An all new concept of amendment returns has been introduced in new GST returns system. In this lecture, we deep dive into the process of amendment to sales invoice.

In this lecture, we demonstrate a live case study of the new GST returns system.

In this lecture, we will discuss the importance of matching purchase books and ANX-2.

There are plenty of complexities in matching data in the new GST return system. In this lecture, we will help you deconstruct and understand them in detail.

Did you know there are some transactions which sometimes never even make it to the purchase books of businesses. One of the biggest example is Bank charges. Bank charges include transaction charges charged on POS, money transfer and many other bank enabled transactions for which businesses do not receive any invoices. These cases are very difficult to identify even post matching with purchse books and many businesses lose out to claiming credit on them. In this lecture, we will understand the concept of missing invoices.

In this lecture we will discuss the concept of locking, unlocking and deemed locking of invoices.

Migration from pre-GST into GST regime took taxpayers months of reconciliation of the accounts data. Now with the new GST returns getting implemented in stages, taxpayers must be aware of the phases announced, compliance expected, impact on their accounting system and more. In this lecture, we will discuss the impact of new returns on taxpayers.

During the transition, one common question which will arise is : How do we report the invoices missed in the old GST system? In this lecture, we will find out the process to report such missing invoices.

In this lecture, we will find out the ways to claim ITC from old GST returns.

In this lecture, we will broadly discuss the transition plan from old to new GST return system.

In this lecture, we will discuss about the accounting entries which need to be passed. We will compare the monthly closing entries between the present and new GST returns system.

In this lecture, we will discuss various use cases of new GST returns.

How will a CA or SME move to the new filing process? What will be the impact of the new GST returns system on a CA or an SME. We will discuss in this lecture.

In this lecture, we will discuss the change in return forms in the new GST system.

In this lecture, we will outline the learnings on new GST returns for businesses. We will also understand how to make a CA's team or an enterprise finance team more agile to move to the new GST returns system.

In this lecture, we will discuss the impact of new GST returns system on CAs and how does their monthly work change.

In this lecture, we discuss the basics of New GST return filing system and how to be prepared for the new return system.

In this lecture, we will discuss the potential changes in ERP after the introduction of new GST returns.

In this lecture, Mr Amit Aggarwal, Head of Corporate Tax at Marico Ltd, will discuss the key takeaways for CFOs on changes expected in finance.

In this lecture, Mr Dinesh Maheshwari, CFO & Executive director at Future Group, will discuss the role of technology in managing compliance cost.