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.

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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.

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.

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

The Institute, as a leader in the field of accountancy in the South Asian Region, is

also imparting training to accountants from overseas countries.

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)

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

Course Duration, Fees, Examination and other

Modalities

Course Duration: 12 weeks (to be conducted on Quarterly basis)

Assessment: Online mode (Assessment to be conducted in the last week of

the following month of every quarter)

Course Fee: Rs. 10,000 + GST (20% Discount for CMAs) and Examination Fee

Rs. 1000 + GST.

Live classes on Saturday - 2 Hrs & Sunday - 4 Hrs

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

also passing the online examination with at least 50% marks will be awarded a

Certificate by the Institute

Study Materials & Model Question Bank to be provided to all participants

Experienced faculties from Industry and practice

Place

Classes will be held on Saturday & Sundays at the following locations -

North

South

East

West

Delhi

Faridabad

Gurgaon

Udaipur

Noida

Chandigarh

Jammu

Jaipur

Jodhpur

Lucknow

Dehradun

Kolkata

Durgapur

Asansol

Berhampur

Rourkela

Patna

Ranchi

Bhubaneswar

Agartala

Guwahati

Mumbai

Pune

Surat

Nagpur

Nasik

Raipur

Bhopal

Ahmedabad

Panaji

Vapi

Chennai

Cochin

Visakhapatnam

Vijayawada

Mysore

Bangalore

Thiruvananthapuram

Hyderabad

Madurai

Coimbatore

Detailed Course Contents

Chapt. Topic Contents

1

Constitutional Background of

GST, Concepts of GST &

Definitions in GST.

o Existing Indirect tax subsumed in GST

o Goods outside the purview of GST

o Dual model of GST

o Fundamentals regarding SGST, CGST, IGST, UTGST

o Definitions under CGST, IGST with cases.

2

Taxable event, Time of Supply

and Place of Supply, Composite

& mixed supply, non-taxable

supply, exempt supply, works

contract, exempted supply.

o Meaning of Supply

o Scope of supply under Schedule-I, II, III

o Composite Supply, Mixed Supply

o Power of Govt. to grant exemption.

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

o Time of supply of Goods and Services.

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

o Service Accounting Code (SAC)

4Valuation under GST, Valuation

rule

o Interstate Supply, Intra State Supply, (i.e. Sec-7 up to Sec-12 of IGST Act).

o Transaction value (Sec-15).

o Exclusion and inclusion in transaction value.

o Valuation Rules.

o Valuation w.r.t. free supply, captive consumption etc.

Detailed Course Contents

Chapt. Topic Contents

5 Input Tax Credit

o Eligibility and condition for availing Input tax credit.

o Apportionment of credit.

o Reversal of credit (Different situations)

o Adjustment of Credit.

o Credit in case of Job work.

o Manner of recovery of credit.

o Special circumstances of availing credit

6Basic Procedures- Registration,

Invoice, Bill of supply, E way Bills

etc.

o Persons liable for registration.

o Persons not liable for registration.

o Deemed registration.

o Casual taxable person.

o Amendment of registration.

o Cancellation of registration.

o Revocation of registration.

7 Records and Returns

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.

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

8Zero Rated Supplies , Imports and

Exports

o Zero rated Supply.

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

o GST w.r.t Export.

9 Payment and Refunds

o List of Forms.

o Procedures.

o Payment of Tax.

o Payment of Interest and Penalty.

o TDS, TCS etc.

o Refund of GST u/s- 54.

10 Assessment

o Self Assessment u/s- 59

o Scrutiny of Return u/s- 61

o Provisional Assessment u/s- 60

o Assessment of non registered person u/s- 63

o Summary Assessment u/s- 64

11 Audit

o Audit by tax authorities u/s- 65.

o Special Audit u/s- 66.

o CGST rules on Audit.

o Role of Cost and Management Accountants.

Detailed Course Contents

Chapt. Topic Contents

12 Demands

o Tax paid in excess / less.

o Tax paid erroneously.

o Tax collected and not paid to Govt.

o Recovery of tax.

o Demand and recovery rules.

13 Adjudication and appeal

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

o Revisional Authority.

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.

15 Advance Rulingo Authority of 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.

18 Miscellaneous Provisions o Reverse charge.

o Electronic Commerce Operator.

19Case studies on specific Chapters

involving real life scenarios o Compliance procedure.

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 40364785/ +91 33 40364782/

+91 33 40364721/ +91 33 4036 4711

Toll Free No. 1800110910/ 18003450092

Email ID: trd@icmai.in, advstudies@icmai.in

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

For Admission - https://cmaicmai.in/advscc/Home.aspx

Thank You