10 Essential Topics Covered In GST Courses

The Goods & Service Tax is commonly known as GST. After the 1st of July 2017, the demand for GST courses increased in India rapidly. The government of India replaced all the indirect taxes with one uniform indirect tax known as GST.

GST is an indirect tax that has replaced various indirect taxes in India. So, if you do not possess detailed knowledge about GST then things are going to be more complex for you. Additionally, this will make things easier for you once you develop the perfect process for yourself.

If you complete the GST courses from a reputed institute then you can develop a bright future in Accounting and finance in future.

The Ministry Of MSME offers a certification course in GST. The main objective of this course is to enable businessmen, chartered accountants, accountants, certified management accountants, and CS to gain knowledge of this taxation system. This is why enrolling in GST courses is essential for your career in finance and accounting.

Topics Covered Under GST Courses

GST courses comprise vast topics that can help your career grow at a faster pace, especially in the domain of accounting. Now, in this article, you will know about the topics that are covered in GST courses. This will help you to clear your basic idea in perfect order.

1. What Is GST

In this topic, you will learn about the basic concepts of GST and you can learn how GST works in practical field. Certain sub-topics are covered in this course. So, let’s find out some of the subtopics or essential concepts that you will learn from here.

• What is GST?
• Advantages of GST.
• Taxes subsumed under GST.
• Changeability of GST.
• Components of GST.
• Input Tax credit.
• Rates of GST.

2. Supply

In this topic you will learn about the fact how Supply of products and goods are affected due to GST. Furthermore, you will learn what amount of tax rates are charged in the supply of goods that too in complete detail. Now, let’s explore the topics you will learn from this section.

• Supply.
• Meaning of Supply.
• Scope Of Supply.
• Composite Supply.
• Mixed Supply.

3. Composition Scheme

In the composition scheme of the GST course, you will learn about the working mechanism of the composition scheme. This will help you to make the correct application of the Composition scheme in GST. So, let’s explore what you will learn from this course as follows:-

• Why Composition scheme is important?
• Persons are not eligible for the composition scheme.
• Composition rate of tax.
• Restrictions and conditions for composition levy.
• Intimation for composition Levy.
• Validity of Composition Levy.
• Important forms under composition scheme.

4. Reverse Charge Mechanism

Reverse charge mechanism’s application you will learn from this topic. GST course will help you to know who is liable to pay the GST under RCM. This topic will help you to identify which goods and services RCM is applicable. Therefore, it will help you to understand which courses are best for you to learn RCM.

• A person is liable to pay GST.
• Sec 9(3) of CGST / Sec 5(3) of IGST.
• Sec 9(4) of CGST/ Sec 5(4) of IGST.
• Entries for reverse charge.

5. Time Of Supply

In this topic, you will understand how to determine the time supply. It will also help you to understand the time of supply of goods and services in perfect order. This will assist you in reaching your goals in perfect order.

• Time of supply of goods.
• Ways to maintain the time of supply of goods.
• Forward charge process for maintaining time of supply of services.
• Supply of services for effective time management.

6. Why To Determine The Place Of Supply

In this topic, you will understand why the place of supply is important in GST. You need to know the complete facts while determining the place of supply. Additionally, you need to know these facts when you want to learn about the place of supply.

Why determine the place of supply?

• Place of supply of services.
• Discount.
• Place of supply of goods.

7. Input Tax Credit

Input Tax credits will help you to understand why to avail the input tax credit and all the conditions for availing of FFC. Additionally, you can also avail the ITC to make things work perfectly in your favor. Some of the key concepts that you will learn from this topic of GST course are as follows:-

• Input Tax credit.
• Availability of input tax credit.
• Utilization of Input tax credit.
• Process of availing the input tax credit.
• Conditions.

8. GST Registration Process

In this topic, you will learn the entire process of GST filing. So, you must get through the complete process to meet your requirements with ease. However, you must get through the absolute process to know the steps of GST registration.

Some of the key concepts that you will learn from this topic are as follows:-

• Complete the registration process for GST.
• Documents that are essential for GST registration.
• EWay bill & E-Invoicing.

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ICA Edu Skills Team

Working with businesses in diverse industries. I'm passionate about helping others understand and manage their finances effectively. This blog is where I share practical tips, insightful guides, and the latest updates on accounting, taxation, GST, TallyPrime, and advanced Excel. Feel free to ask questions, leave comments.

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