Topic

1.

Overview of GST Legislation

 

This will include discussion on:

  • Concept of supply
  • What qualifies as goods and services
  • Special focus on transactions such as Mixed Supply vs. Composite Supply etc.

2.

Registration under GST

 
  • Composition scheme
  • Non Resident Taxable Person
  • Casual Taxable Person

3.

Time and Place of supply

 
  • Movement of goods, no movement of goods
  • Bill to Ship to Model
  • Nature of Service and corresponding Place of supply
  • Import / Export of goods and services etc.

4.

Valuation

 

Discussion on valuation provisions and issues on valuation under GST
(including free of cost supplies, barter/exchange, vouchers, transactions between related parties)

5.

Input tax credit (ITC)

 

Discussion on eligibility of ITC i.e. availment of credit, utilization of same against output liability, restricted items

Reversal of credit, order of utilisation etc.

6.

GST Audit and Annual return

 

Specific Focus on

  • Process of examination of records, returns and other documents maintained by a taxable person.
  • Discussion on audit approach to be followed under GST
  • Practical challenges in Audit and Annual return

7.

Compliances under GST

 

Specific focus on

  • Returns to be filed under GST
  • Documents to be issued Such as Tax invoice
  • E-way bill, Delivery challan etc.

8.

Refund

 

Discussion on refund claims available under the GST legislation along with relevant procedure and documentation requirements for filing refund claims

9.

Anti Profiteering, Advance Ruling and Recent GST Developments

 

Discussion on recent changes including discussion on the revised GST return design and process, important advance rulings etc.

10.

Litigation Procedure