Complete GST Course & Certification - Grow Your CA Practice
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Complete GST Course & Certification - Grow Your CA Practice

Become GST Expert in 12 hours!
4.2 (1,041 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
3,131 students enrolled
Last updated 7/2017
English
Price: $75
30-Day Money-Back Guarantee
Includes:
  • 42 hours on-demand video
  • 29 Articles
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • At the end of the course , students will have a thorough understanding of the GST tax regime and will be "GST Ready" for the coming future .
View Curriculum
Requirements
  • This course takes you through the basics of GST and turns you into an expert. You just need to have the curiosity before starting this course
  • They Need to have a basic understanding around taxes and the right enthusiasm to learn about taxes
Description

WHAT IS GST ?

GST stands for “Goods and Services Tax”, and is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level.

  • Its main objective is to consolidates all indirect tax levies into a single tax, except customs (excluding SAD) replacing multiple tax levies, overcoming the limitations of existing indirect tax structure, and creating efficiencies in tax administration.
  • The introduction of Goods and Services Tax (GST) would be a very significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and State taxes into a single tax, it would mitigate cascading or double taxation in a major way and pave the way for a common national market.
  • From the consumer point of view, the biggest advantage would be in terms of a reduction in the overall tax burden on goods, which is currently estimated at 16%-18%.
  • Introduction of GST would also make our products competitive in the domestic and international markets. Studies show that this would instantly spur economic growth. Last but not the least, this tax, because of its transparent character, would be easier to administer.

Tax payers need to be GST compliant to be able to test system changes in time. Depending on the operating geographies, size and sector, the changes would be substantial and may require proactive planning with a time-bound action plan.

In order to prepare for the implementation of GST, companies need to understand GST policy development and its implications for scenario planning and transition roadmap preparation. We at clearTax aim to  provide our learners with all the information and tools required to prepare themselves to face the new tax regime

Who is the target audience?
  • CA aspirants, CA, CS, IAS aspirants , ICWA , LLB practitioners and aspirants , Tax practitioners and accountants
Students Who Viewed This Course Also Viewed
Curriculum For This Course
299 Lectures
42:52:08
+
Basics of GST ( Video Lectures)
7 Lectures 35:12

Know about what is cleartax and what will you achieve by going through this whole course

Preview 02:04

Overview of the Current tax structure (Service tax, VAT, Customs Duty, additional duty, excise duty etc levied by the centre and the state government) and the proposed tax structure (GST-CGST, SGST, IGST). 

Preview 03:05

Understanding the Concept of the Cascading effect(i.e Tax on Tax) and effect of the same under the Current Tax regime with an example. 

Preview 07:00

GST Helps Mitigate the Cascading Effect
04:24

Understanding "What exactly is GST" and the meaning of "Gst is a comprehensive multi-stage destination based consumption tax on value addition".

What Exactly Is the GST?
07:56

Issues under the Current tax regime and how GST will rescue us from the same. 

Effect of GST on current Indirect Taxes
03:31


Understanding how the GST came into force and the Merits & demerits of GST

GST Story So Far
07:12
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Basics of GST ( Articles)
9 Lectures 21:41
HSN Codes and It’s Implication under GST
01:38

Know your GSTIN
01:35

Mixed Supply & Composite Supply under GST
02:36

Simplification of Indirect Taxes under GST Regime-
01:10

Terms and phrases you must know under GST- Part I
03:03

Terms and phrases you must know under GST- Part II
04:02

Understanding the basics of GST
02:19

What is GST Compliance Rating?
01:42

What is SGST, CGST & IGST?
03:34

Test your understanding of GST by taking this quiz !

GST Assessment Quiz 1
25 questions
+
Composition scheme(Video Lectures)
10 Lectures 01:12:17

The basic principles of sensible taxation policy have been agreed upon, ever since Adam Smith first articulated them in his “Canons of Taxation.” These principles are to be taken care while levying the tax.

Canons of Taxation
11:10

The canons which are relevant to the taxpayer and analyse them for the current tax structure as well as GST along with understanding the need for introducing the composition scheme.

Canons and GST Rectified
07:23

This video explains the concept of composition schemes under the model GST law with an example.

The right balance for the composition scheme
06:04

The video explains the term aggregate turnover used for the purpose of eligibility of Composition scheme.

Small Business and Aggregate Turnover Rectified
06:27

Brief discussion on the applicability of the composition scheme.

Small Business and Prohibited Activities Rectified
05:03

Analysis whether the Composition scheme is beneficial to the user or not.

Tax collection and Input Tax credit
06:31

Simplified Returns
06:25

payment of taxes
09:03

Understanding the Impact of Composition scheme on B2B and B2C transactions with an example.

Impact of Composition Scheme in B2B
08:05

Understanding the Impact of Composition scheme on B2B and B2C transactions with an example.

Impact of Composition Scheme in B2B Continued
06:06
+
Composition Scheme( Articles)
4 Lectures 10:25
Benefits of Registering under GST Composition Scheme
03:20

Composition Scheme Under GST Explained
03:08

Drawbacks of registering under the GST Composition Scheme
02:52

Simpler GST for small & local businesses (Composition Levy)
01:04

Quiz to test understanding of Composition Scheme concepts

GST Assessment Quiz 2
10 questions
+
Input Tax Credit( Video Lectures)
16 Lectures 01:57:32

Understanding the concept of Input tax credit along with an example.

ITC Mechanism
02:54

Understanding the concept of Reverse charge Mechanism and how the same is different from the Normal charge with an example.

Reverse Charge
04:58

Understanding the Input, Input services and the Capital Goods on which Input tax credit is not available (Negative List under Input Tax Credit) along with the reason of covering the same under negative list. 

Purchases and a Hint to Negative List
03:15

Understanding with reasons, the Specific List of Inward supplies on which Input tax credit is not allowed such as Food and beverages, outdoor catering, beauty treatment, health services, cosmetic and plastic surgery, membership of a club, health and fitness centre, rent a cab, life insurance, health insurance, travel benefits etc with the exceptions.

The Specific List
06:20


Understanding the Inward supplies on which input tax credit is not allowed such works contract services, goods and services on the construction of immovable property with the exceptions.

Motor Vehicles, Works Contract and Immovable Property
06:43

Maintaining separate set of records for different categories of supply.ITC benefit & proportionate credit.

Proportionate Credit
10:32

Understanding the GST set-off chain . Understand how to calculate input tax credit and set-off.

Set Off Rules
05:20


How to set off the Input tax credit against IGST, CGST and SGST with an example.

Set Off Rules Continued
06:39

ITC Utilisation Example
13:02

Understanding the eligibility conditions for receiving the Input Tax credit along with the parse rule governing the transfer of ITC.

Reasons for Conditions
03:41

Understanding the conditions for availing the Input tax credit along with the reasons for the same.

Conditions for ITC
12:14

Special Circumstances
11:44


Special circumstances under Input tax credit such as ITC for ineligible claim now eligible, Eligible ITC transferred from one taxpayer to other, ITC claimed earlier now ineligible etc .

Special Circumstances
11:32

Understanding the concept of the Job-work and the provisions relating to Input tax credit on Job-work.

Job Worker and ITC
07:28

Understanding the concept of the Input Service distributor and the Input services distribution rules for ISD.

Input Service Distributor Rules
05:27

Understanding the manner and conditions for distribution of credit by the Input service distributor.

ISD Conditions
05:43
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Input Tax Credit ( Articles)
3 Lectures 03:56
Input Tax Credit under GST Regime – Conditions To Claim Credit
00:37

What is Input Credit? And how to claim it?
02:26

Conditions to claim ITC
00:51

GST Assessment Quiz 3
25 questions
+
GST Registration ( Video Lectures )
17 Lectures 01:53:56

Understanding who, when, where, how and then what of the GST registration along with knowing who all are exempt from registering under GST.

Exempt from Registration
04:48

Understanding who all are liable to get registered under GST by dividing the list into three parts i.e automatic registration, conditional registration, and Mandatory registration.

Threshold Based Registration
05:35

Mandatory Registration E-commerce Related
10:09

Mandatory Registration E commerce and Remit tax or claim ITC
02:58

Understanding who all are mandatory required to get registered under GST.

Mandatory Registration Special Cases 1
08:35

Understanding what is voluntary registration along with the benefits and the drawbacks.

Voluntary Registration and Benefits
04:00

Knowing the timeline for registration under GST of the existing, new, casual and non-resident taxpayer.

Timeline for Registration Existing Dealers
03:54

Knowing the timeline of registrations under of the new dealers, who are currently not registered under VAT, Service tax or excise law along with knowing the advantages and disadvantages of timely registration.

Timeline for Registration New Dealers
06:04

Knowing the timeline for registration under GST of the casual and the non-resident taxpayer.

Timeline for Registration Casual and Non Resident Taxable Person
06:07

Understanding where the dealer has to obtain registration covering the specific situations such as multiple states, multiple Business
verticals, the location of the supplier of services.

Where to Register Mutliple States
03:56

Understanding the concept of the Business verticals along with
understanding the advantages and disadvantages of the single and the separate registratio

Where to Register Multiple Business Verticals
06:22

Understanding where the location of the supplier is considered under different situations.

Location of Supplier
05:50

Application and acceptance process
16:11

GSTIN and Display Provisions
04:22

Migration Laws and Procedures
06:11

Amendment to Registration
06:05

Cancellation and Revocation of cancellation
12:49
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GST Registration ( Articles)
9 Lectures 16:46
Application Process under GST
00:43

Does GST apply to me?
02:24

New Turnover limit for GST
00:50

Enrollment Process for Goods and Services Tax
04:46

GST Enrolment Process for Existing Central Excise & Service Tax Assessee
01:25

How to Register for GST
00:15

Taxable Person under GST
02:55

The ClearTax Guide on the GST Portal
01:11

What you must know about GST Registration
02:14

A quiz to test your understanding about the GST registration process and other components of section 8 & 10

GST Assessment Quiz 4
2 questions
+
Returns
18 Lectures 02:35:48
Who should file returns and why
10:46

Conditions relating to Returns
04:50

Statement of outward supplies
11:01

Statement of outward supplies continued
06:34

Statement of Inward Supplies
08:14

Statement of Inward Supplies continued
17:21

Monthly return
07:05

Annual return
09:03

Timelines for normal RTP
03:28

Compounding Taxable Person intro
04:14

Quarterly return for Composition Scheme
07:16

Quarterly return for Composition Scheme Continued
12:53

Annual return for composition scheme
08:05

Input Service Distributor
07:21

Non Resident Taxable Person.
12:55

Input Service Distributor Continued
06:41

E-commerce operator
10:15

TDS
07:46
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Transitional Provisions
10 Lectures 01:05:37
Transitional provision under GST-overview
10:14

Unavailed cenvat credit
08:42

Credit for taxable&exempted goods and services
06:20

Centralised registration
06:35

Removal of goods pre and post GST
05:30

claim for refund for normal supply
06:03

claim for refund for export supply
08:13

Appeals&Reviews
05:00

Return finished and revised
05:20

Goods sent on Approval basis
03:40
17 More Sections
About the Instructor
ClearTax and CAs with 20 + years of experience
4.2 Average rating
1,041 Reviews
3,136 Students
2 Courses
Simplifying Taxes

Cleartax aims to educating india towards GST. We have been conducting offline workshops, webinars and quizzes to make the community GST ready. We were born in 2009 and we have more than 10,000 Ca's already with us. We have conducted more than 50 workshops, published more than 50+ hours of educational material to help India under GST era