Indirect Tax
Custom duty – Role of custom in International Trade, Important Terms and definitions under the custom Act, 1962, Assessable value , Baggage, Bill of entry Dutiable goods, Duty Exporter, Foreign going Vessel, Aircraft goods, Import Manifest, Importer, prohibited goods, Shipping Bill, Stores, Bill of lading, Export manifest, Letter of credit, Kind of Duties, Prohibition of Export and Import of Goods and Provisions regarding notified and specified goods, Import of Goods- Free import and Restricted import, Types of Import- Import of cargo, Import of personal Baggage, Import of stores, Tax Liability and Valuation of goods, computation of custom duty. Appeals and revisions.
CGST/SGST
Important terms and definitions under Central Goods and Service Tax Act 2017 and State and Service Tax Act 2017. Basics of GST. Meaning and scope of Supply, Levy and collection of Tax. Time and value of supply of goods and/or Services, Input Tax Credit, Transitional Provisions, Registration under CGST/SGST Act. Filing of Returns and Assessment, Payment of Tax including payment of tax on reverse charge basis, Refund under the Act. Maintenance of Accounts and Records, Composition Scheme, Job work and its Procedure, Various Exemptions Under GST. Demand and recovery under GST. Miscellaneous provisions. IGST-Scope of IGST, important terms and definitions for determining the place of supply and place of supply of goods and services, Zero rated supply.