In Pursuit of ProfessionalExcellence

About The Institute

The Institute of Cost Accountants of India (ICAI) is a premier professional bodyof

Management Accountants in the country established on 28thMay, 1959

under the Cost and Works AccountantsAct, 1959 enacted by theParliament

to regulate the profession of Cost and Management Accountancy inIndia.

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 theworld.

Over the years the Cost and Management Accountancy profession has registered atremendous growth and has occupied a prominent role in our economy and society.The Institute has more than 5,00,000 students and more than 70,000 qualifiedmembers 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 overseascountries.

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 therefrom.

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 orientedmanner.

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 respectivelocations.

Course Eligibility

Qualified Cost & ManagementAccountants.

Other Professionals

Executives fromIndustries

GST Practitioners

Students who are either CMA qualified or pursuing

Course Duration, Fees, Examination and other

ModalitiesCourse Duration: 72 hours

Classroom Sessions on Saturday - 2 Hrs & Sunday - 4 Hrs/ Online classes -Anytime

Online Registration: 15th Feb, 2019 – 15th March, 2019. Assessment: Onlinemode

Course Fee: Rs. 10,000 + GST and Examination Fee Rs. 1000 + GST.

20% discount for the Members and CMA Qualified (but not yet member)

and CMA Final pursuing students of theInstitute.

Special Discount forCorporatesFor number of employees 5 – 10 , discount is15%

For number of employees more than 10 , discount is 20%

Award of Certificate: Candidates with at least 70% attendance in the case of

classroom session and passing the online examination will be awarded a

Certificate by the Institute. No such condition prevails for candidates of Online

Mode

Study Materials & Mock test module to be provided to allparticipants

Experienced faculties from Industry andpractice

Places for Classroom LearningClasses will be held on Saturday & Sundays at the following locations -

North

South

East

West

DelhiKolkata

MumbaiPune

Ahmedabad

Baruch

Baroda

ChennaiHosur

Bangalore

Hyderabad

Detailed Course Content:

Chapt. Topic Contents

1

Constitutional Backgroundof

GST, Concepts of GST &

Definitions in GST.

Existing Indirect tax subsumed inGST

Goods outside the purview ofGST

Dual model of GST

Fundamentals regarding SGST, CGST, IGST, UTGST

Definitions under CGST, IGST withcases.

2

Taxable event, Time of Supply

and Place of Supply,Composite

& mixed supply, non-taxable

supply, exempt supply, works

contract, exempted supply.

Meaning of Supply

Scope of supply under Schedule-I, II, III

Composite Supply, Mixed Supply

Power of Govt. to grantexemption.

Composition Levy, Composition Rule, Persons not eligible for Composition Scheme.

Time of supply of Goods andServices.

3 Classification, HSN, SAC Classification of Goods and Services (HSN).

Service Accounting Code (SAC)

4Valuation under GST,Valuation

rule

Interstate Supply, Intra State Supply, (i.e. Sec-7 up to Sec-12 ofIGSTAct).

Transaction value (Sec-15).

Exclusion and inclusion in transactionvalue.

Valuation Rules. Valuation w.r.t. free supply, captive consumptionetc.

Detailed Course Content:Chapt. Topic Contents

5 Input TaxCredit

Eligibility and condition for availing Inputtax credit.

Apportionment of credit.

Reversal of credit (Different situations)

Adjustment of Credit.

Credit in case of Jobwork.

Manner of recovery of credit.

Reverse Charge Mechanism

6

Basic Procedures-

Registration, Invoice, Bill of

supply, E way Bills etc.

Persons liable for registration.

Persons not liable for registration.

Deemed registration.

Casual taxable person.

Amendment of registration.

Cancellation of registration.

Revocation of registration.

7 Records and Returns

A. Records:

Tax Invoice, Bill of supply, Debit note, Credit note.

CGST rules on invoice.

B. Accounts and accountingentries:

Sample list of accounting entries.

C. Returns:

Types of return on the basis of CGST return rule.

Annual return u/s –44.

Final return u/s –45. Return related rules.

Detailed Course Content:

Chapt. Topic Contents

8

Zero Rated Supplies ,Imports

and Exports

Zero rated Supply.

GST w.r.t Import i.e. CVD,SAD.

GST w.r.t Export.

9 Payment andRefunds

List of Forms.

Procedures.

Payment of Tax.

Payment of Interest andPenalty.

TDS, TCS etc.

Refund of GST u/s-54.

10 Assessment

Self Assessment u/s-59

Scrutiny of Return u/s-61

Provisional Assessment u/s- 60

Assessment of non registered person u/s- 63

Summary Assessment u/s-64

11 Audit

Audit Forms

Audit by tax authorities u/s-65.

Special Audit u/s-66.

CGST rules onAudit. Role of Cost and Management Accountants.

Detailed Course Content:

Chapt. Topic Contents

12 Demands

Tax paid in excess / less.

Tax paid erroneously.

Tax collected and not paidto Govt.

Recovery of tax.

Demand and recoveryrules.

13 Adjudication andappeal

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

Revisional Authority.

Appellate Tribunal.

Appeal to High court / SupremeCourt

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

15 Advance Ruling Authority of AdvanceRuling. Procedures u/s- 96 up to 106.

Detailed Course Contents

Chapt. Topic Contents

16 Job Work Job work procedure u/s- 143 along withCases.

17 Anti profiteering Detail provisions u/s- 171 withcases.

18 TDS/ TCS under GST Applicability of TDS and TCS underGST

Filing of Return

19 Miscellaneous Provisions

Reverse charge.

Electronic Commerce Operator.

GTA

Works Contract

ISD

20

Case studies on specific

Chapters involving reallife

scenarios

Compliance procedure.

Other miscellaneous topics u/s- 144 up to 170

Contact for any further query

THE INSTITUTE OF COST ACCOUNTANTS OF INDIA12, Sudder Street, Kolkata –700016

Tax ResearchDepartment

Phone: +91 33 40364798/ +91 33 40364714/

+91 33 40364711

Website: www.icmai.in

Special Crash Course for Corporates–

For details, contact: trd@icmai.in

Thank You