The CMA Certificate Course on GST
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 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 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 overseas countries.
GST (Goods & Services Tax) is 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 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.
Qualified Cost & ManagementAccountants.
Executives from industries
Students who are either CMA qualified or pursuing
CMA Certificate Course on GST Course Duration, Fees, Examination and other Modalities
Course Duration: 72 hours
Classroom Sessions on Saturday – 2 Hrs & Sunday – 4 Hrs/ Online classes – Anytime
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 for Corporates
For 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 sessions 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 all participants
Experienced faculties from Industry and practice
Places for Classroom Learning
Classes will be held on Saturday & Sundays at the following locations –
CMA Certificate Course on GST Detailed Course Content:
Chapt. 1 Constitutional Background of GST, Concepts of GST & Definitions in GST.
- Existing Indirect tax subsumed in GST
- Goods outside the purview of GST
- The dual model of GST
- Fundamentals regarding SGST, CGST, IGST, UTGST
- Definitions under CGST, IGST with cases.
Chapt. 2 Taxable events, 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, MixedSupply
- Power of Govt. to grant an exemption.
- Composition Levy, CompositionRule, Persons not eligible for composition scheme.
- Time of supply of Goods and Services.
Chapt. 3 Classification, HSN, SAC
- Classification of Goods and Services (HSN).
- Service Accounting Code(SAC)
Chapt. 4 Valuation under GST, Valuation rule
- Interstate Supply, Intra State Supply, (i.e. Sec-7 up to Sec-12 of IGST Act).
- Transaction value (Sec-15).
- Exclusion and inclusion in transaction value.
- Valuation Rules.
- Valuation w.r.t. free supply, captive consumption, etc
Chapt. 5 Input Tax Credit
- Eligibility and condition for availing Input tax credit.
- Apportionment of credit.
- Reversal of credit (Different situations)
- Adjustment of Credit.
- Credit in case of Job work.
- Manner of recovery of credit.
- Reverse Charge Mechanism
Chapt. 6 Basic ProceduresRegistration, Invoice, Bill of supply, E way Bills, etc.
- Persons are liable for registration.
- Persons are not liable for registration.
- Deemed registration.
- Casual taxable person.
- Amendment of registration.
- Cancellation of registration.
- Revocation of registration.
Chapt. 7 Records and Returns
- Tax Invoice, Bill of supply, Debit note, Credit note.
- CGST rules on the invoice.
B. Accounts and accounting entries:
- Sample list of accounting entries.
- Types of return on the basis of CGST return rule.
Annual return u/s –44.
- Final return u/s –45.
- Return related rules.
Chapt. 8 Zero Rated Supplies, Imports, and Exports
- Zero-rated Supply.
- GST w.r.t Import i.e. CVD,SAD.
- GST w.r.t Export.
Chapt. 9 Payment and Refunds
- List of Forms.
- Payment of Tax.
- Payment of Interest and penalty.
- TDS, TCS, etc.
- Refund of GST u/s-54.
Chapt. 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
Chapt. 11 Audit
- Audit Forms
- Audit by tax authorities u/s-65.
- Special Audit u/s-66.
- CGST rules on the audit.
- Role of Cost and Management Accountants.
Chapt. 12 Demands
- Tax paid in excess / less.
- Tax paid erroneously.
- ax collected and not paid to Govt.
- Recovery of tax.
- Demand and recovery rules.
Chapt. 13 Adjudication and appeal
- Appeal to Appellate Authority under different situations ( U/S- 107 to 118)
- Revisional Authority.
- appellate Tribunal.
- Appeal to High court / SupremeCourt
Chapt. 14 Penalties and Prosecutions
- Penalty provision u/s- 122 to 138 along with Cognizance up to compounding of offense.
Chapt. 15 Advance Ruling
- Authority of AdvanceRuling.
- Procedures u/s- 96 up to 106.
Chapt. 16 Job Work
- Job work procedure u/s- 143 along with cases.
Chapt. 17 Anti-profiteering
- Detail provisions u/s- 171 with cases.
Chapt. 18 TDS/ TCS under GST
- Applicability of TDS and TCS under GST
- Filing of Return
Chapt. 19 Miscellaneous Provisions
- Reverse charge.
- Electronic Commerce Operator.
- Works Contract
Chapt. 20 Case studies on specific Chapters involving real-life scenarios
- Compliance procedure.
- Other miscellaneous topics u/s- 144 up to 170
Contact for any further query
THE INSTITUTE OF COST ACCOUNTANTS OF INDIA
12, Sudder Street, Kolkata – 700016
Tax Research Department
Phone: +91 33 40364798/ +91 33 40364714/
+91 33 40364711
Special Crash Course for Corporates–
For details, contact: firstname.lastname@example.org