Diploma in Goods & Services Tax

We offer an exclusive Certification Course including how to identify taxable supplies, GST Free supplies and input taxed supplies. It also covers the obligations of registered entities for collection, correct record keeping and remittance of GST, as well as treatment of goods and services subject to special rules.

GST CENTRE TM is the only ones in the industry with the latest GST Courses. They offer a breadth of solutions to suit your training needs, from classroom training to distance learning.

    • World-class instructors—GST CENTRETM Certified Trainershave completed rigorous training and have met stringent technical certification requirements. They provide the only authorised training on GST Courses. Look for the official GST CENTRETM logo identifying their courses.
    • Direct-from-the-source courseware— GST CENTRETM Courses are job-relevant, technical training materials based on specific job roles or technologies. And, when you sign up for training on GST CENTRETM Official Courses, we offer additional online companion content for you to access virtually any time, anywhere, from almost any device.

 

GST CENTRETM will also offer customized Training Programmes in Educational Institutions and Business Organizations.

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Features Of GST

  • GST would be applicable on supply of goods or services as against the present concept of tax on the manufacture or on sale of goods or on provision of services.
  • GST would be a destination based tax as against the present concept of origin based tax.
  • It would be a dual GST with the Centre and the States simultaneously levying it on a common base. The GST to be levied by the Centre would be called CentralGST (CGST) and that to be levied by the States would be called State GST (SGST).
  • CGST and SGST would be levied at rates to be mutually agreed upon by the Centre and the States.
  • Credit of CGST paid on inputs may be used only for paying CGST on the output and the credit of SGST paid on inputs may be used only for paying SGST. In other words, the two streams of input tax credit cannot be mixed except in specified circumstances of inter-State sales.
  • GST would apply to all goods and services barring a few to be specified.
  • vii. Tobacco and tobacco products would be subject to GST. In addition, the Centre could continue to levy Central Excise duty and the States to levy sales tax / VAT.
  • A common threshold exemption would apply to both CGST and SGST. Dealers with a turnover below it would be exempt from tax. A compounding option (i.e.to pay tax at a flat rate without credits) would be available to small dealers below a certain threshold. The threshold exemption and compounding provision would be optional.
  • The list of exempted goods and services would be kept to a minimum and it would be harmonized for the Centre and the States as far as possible.
  • Exports would be zero-rated.
  • An Integrated GST (IGST) would be levied on inter-State supply of goods or services. This would be collected by the Centre so that the credit chain is not disrupted. Accounts would be settled periodically between the Centre and the State to ensure that the SGST used for payment of IGST is transferred to the destination State where the goods or services are eventually consumed.
  • Import of goods or services would be treated as inter-State supplies and therefore, would be subject to IGST in addition to the applicable customs duties.
  • The laws, regulations and procedures for levy and collection of CGST and SGST would be harmonized to the extent possible.

 

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