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In Pursuit of Professional Excellence

About The Institute


The Institute of Cost Accountants of India (ICAI) is a premier professional body of
Management Accountants in the country established on 28th May, 1959
under the Cost and Works Accountants Act, 1959 enacted by the Parliament
to regulate the profession of Cost and Management Accountancy in India.

Statutorily Recognized by the Parliament in 1959 – as The Cost & Works


Accountants of India (ICWAI). The ICWAI is recognized by the Parliament
as The Institute of Cost Accountants of India (ICAI), w.e.f. 1st Feb, 2012 .

Largest Cost & management body in Asia. Second Largest Cost &
Management Accounting body in the world.
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Over the years the Cost and Management Accountancy profession has registered a
tremendous growth and has occupied a prominent role in our economy and society.
5 The Institute has more than 5,00,000 students and more than 70,000 qualified members
contributing to Indian Industries providing relevant and appropriate professional
accounting services.
International Membership of the Institute
Global Accreditation: The Institute is a Member of :
The International Federation of Accountants (IFAC)

The Confederation of Asian and Pacific Accountants (CAPA)

The South Asian Federation of Accountants (SAFA)

National Foundation for Corporate Governance (NFCG)

Federation of Indian Chambers of Commerce and Industry (FICCI)

Confederation of Indian Industry (CII) and

The Associated Chambers of Commerce and Industry of India (ASSOCHAM)

The Institute, as a leader in the field of accountancy in the South Asian Region, is
also imparting training to accountants from overseas countries.
Course Objective

GST (Goods & Services Tax) is a major tax reform in the


Country and is a game changer. There has been a
paradigm shift in the Indirect Tax structure with the
GST rollout w.e.f 01st July 2017. As a professional, it is
imperative to understand and assimilate the new
taxation structure, associated compliances and the
changes in business processes emanating there from.

With this intention in the backdrop, a course module


on GST has been planned so as to upgrade the
knowledge level of our members & professionals in a
structured and practical oriented manner.

Institute has two fold expectations from this course,


first the GST concepts and implementation has to be
understood in a simple way by professional
colleagues, so that the same can be passed on to the
business houses, traders and other such concerns
having GST impact in their respective locations.
Course Eligibility

Qualified Cost & Management Accountants.

Other Professionals

Executives from Industries

GST Practitioners
Place
Classes will be held on Saturday & Sundays at all State Capital and at the
following locations also -

Faridabad Durgapur
Gurgaon East Asansol
North
Udaipur Berhampur
Noida Rourkela

Cochin Pune
 Visakhapatnam Surat
South West
Vijayawada Nagpur
Mysore Nasik
Detailed Course Contents
Chapt. Topic Contents

o Existing Indirect tax subsumed in GST


Constitutional Background of o Goods outside the purview of GST
1 GST, Concepts of GST & o Dual model of GST
Definitions in GST. o Fundamentals regarding SGST, CGST, IGST, UTGST
o Definitions under CGST, IGST with cases.

o Meaning of Supply
Taxable event, Time of Supply
o Scope of supply under Schedule-I, II, III
and Place of Supply, Composite
o Composite Supply, Mixed Supply
2 & mixed supply, non-taxable
o Power of Govt. to grant exemption.
supply, exempt supply, works
o Composition Levy, Composition Rule, Persons not eligible for Composition Scheme.
contract, exempted supply.
o Time of supply of Goods and Services.

o Classification of Goods and Services (HSN).


3 Classification, HSN, SAC
o Service Accounting Code (SAC)

o Interstate Supply, Intra State Supply, (i.e. Sec-7 up to Sec-12 of IGST Act).
o Transaction value (Sec-15).
Valuation under GST, Valuation
4 o Exclusion and inclusion in transaction value.
rule
o Valuation Rules.
o Valuation w.r.t. free supply, captive consumption etc.
Detailed Course Contents
Chapt. Topic Contents

o Eligibility and condition for availing Input tax credit.


o Apportionment of credit.
o Reversal of credit (Different situations)
5 Input Tax Credit o Adjustment of Credit.
o Credit in case of Job work.
o Manner of recovery of credit.
o Special circumstances of availing credit

o Persons liable for registration.


o Persons not liable for registration.
Basic Procedures- Registration, o Deemed registration.
6 Invoice, Bill of supply, E way Bills o Casual taxable person.
etc. o Amendment of registration.
o Cancellation of registration.
o Revocation of registration.

A. Records:
o Tax Invoice, Bill of supply, Debit note, Credit note.
o CGST rules on invoice.
B. Accounts and accounting entries:
o Sample list of accounting entries.
7 Records and Returns
C. Returns:
o Types of return on the basis of CGST return rule.
o Annual return u/s – 44.
o Final return u/s – 45.
o Return related rules.
Detailed Course Contents
Chapt. Topic Contents

o Zero rated Supply.


Zero Rated Supplies , Imports
o GST w.r.t Import i.e. CVD, SAD.
8 and Exports
o GST w.r.t Export.

o List of Forms.
o Procedures.
o Payment of Tax.
9 Payment and Refunds o Payment of Interest and Penalty.
o TDS, TCS etc.
o Refund of GST u/s- 54.

o Self Assessment u/s- 59


o Scrutiny of Return u/s- 61
o Provisional Assessment u/s- 60
10 Assessment
o Assessment of non registered person u/s- 63
o Summary Assessment u/s- 64

o Audit by tax authorities u/s- 65.


o Special Audit u/s- 66.
11 Audit o CGST rules on Audit.
o Role of Cost and Management Accountants.
Detailed Course Contents
Chapt. Topic Contents

o Tax paid in excess / less.


o Tax paid erroneously.
12 Demands o Tax collected and not paid to Govt.
o Recovery of tax.
o Demand and recovery rules.

o Appeal to Appellate Authority under different situations ( U/S- 107 to 118)


o Revisional Authority.
13 Adjudication and appeal
o Appellate Tribunal.
o Appeal to High court / Supreme Court

14 Penalties and Prosecutions o Penalty provision u/s- 122 to 138 along with Cognizance upto compounding of offence.

o Authority of Advance Ruling.


15 Advance Ruling
o Procedures u/s- 96 up to 106.
Detailed Course Contents
Chapt. Topic Contents

16 Job Work o Job work procedure u/s- 143 along with Cases.

17 Anti profiteering o Detail provisions u/s- 171 with cases.

o Reverse charge.
18 Miscellaneous Provisions
o Electronic Commerce Operator.

Case studies on specific Chapters o Compliance procedure.


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involving real life scenarios o Other miscellaneous topics u/s- 144 up to 170
Contact for any queries further

THE INSTITUTE OF COST ACCOUNTANTS OF INDIA - HQ


12 ,Sudder Street ,Kolkata - 700016
Phone: +91 33 40364777/22521031/1034/1035/1492
+91 33 22521602/1619/7373/7143/2204
Website:www.icmai.in

Delhi Office
3 ,Institutional Area Lodhi Road ,New Delhi - 110003
Phones: +91 11 24666100, 24622156/57/58

Hyderabad - Center for Excellence & Advance Studies


Plot 35, Financial District, Nanakaramguda Village,
Gachibowli
Phone: 40-2300 2557
Thank You