This is the title slide for "GST Training for Team." The subtitle describes it as a "Comprehensive Guide: Introduction, Structure, Compliance, Updates & FAQs."

GST Training for Team

Comprehensive Guide: Introduction, Structure, Compliance, Updates & FAQs

Source: GST Training Presentation for Team

This agenda slide outlines a GST training presentation across five key sections. Topics cover introduction and objectives, GST structure and registration, key mechanisms and returns, schemes, supplies and compliance, plus audits, scenarios, and conclusion.

Presentation Agenda

1. Introduction & Objectives

Overview of GST basics and training goals.

2. GST Structure & Registration

CGST, SGST, IGST; registration and invoicing rules.

3. Key Mechanisms & Returns

ITC, reverse charge, GSTR-1, GSTR-3B, GSTR-9 filing.

4. Schemes, Supplies & Compliance

Composition scheme, e-way bills, time of supply, penalties.

5. Audit, Scenarios & Conclusion

Audits, updates, practical cases, FAQs, and wrap-up. Source: GST Training Presentation for Team

The slide introduces GST as "One Nation, One Tax" for indirect taxes, replacing VAT, excise, service tax, and others. It simplifies the tax structure, eliminates the cascading effect of taxes, and boosts compliance and revenue collection.

Introduction to GST

• GST: 'One Nation, One Tax' for indirect taxes
• Replaces VAT, excise, service tax and others
• Simplifies tax structure and procedures
• Eliminates cascading effect of taxes
• Boosts compliance and revenue collection

Source: GST Training Presentation for Team

This slide serves as the section header for Section 03, titled "Structure of GST." It offers an overview of CGST, SGST/UTGST, IGST, and key tax rates.

Structure of GST

03

Structure of GST

Overview of CGST, SGST/UTGST, IGST and Key Tax Rates

Source: GST Training Presentation

The slide details the GST registration process: a ₹20L threshold (₹10L in special states), fully online via the GST portal with mandatory PAN, application within 30 days of crossing the threshold, and instant provisional registration. It also covers invoicing rules: include GSTIN of both parties, HSN/SAC codes, item-wise tax breakup (CGST/SGST/IGST), e-invoicing for turnover >₹5Cr, and sequential numbering.

Registration Process & Invoicing Rules

This workflow details the process for claiming Input Tax Credit (ITC) and filing GST returns. Key steps include monthly ITC verification before GSTR-3B, filing GSTR-1 (10th-13th next month), GSTR-3B (20th next month) for ITC claims and tax payment, and annual GSTR-9 by December 31st.

Input Tax Credit (ITC) & Returns Filing

{ "headers": [ "Step", "Key Actions", "Timeline/Notes" ], "rows": [ [ "Claim ITC", "Verify eligible input invoices in GSTR-2A/2B", "Monthly, before GSTR-3B filing" ], [ "File GSTR-1", "Report outward supplies; auto-populates GSTR-3B", "10th/13th/11th of next month" ], [ "File GSTR-3B", "Claim ITC, set-off output liability, pay net tax", "20th of next month; auto-populated" ], [ "File GSTR-9", "Annual summary return and reconciliation", "31st Dec of next FY" ] ] }

Source: GST Training Presentation

The "Special Mechanisms" feature grid slide outlines five key tax system tools: Reverse Charge (tax on inward supplies), Composition Scheme (flat rate for small businesses), Cash Ledger (electronic payment deposits), ITC Ledger (input tax credit balances), and Time of Supply (tax liability timing). Each includes an icon and concise description for quick reference.

Special Mechanisms

{ "features": [ { "icon": "🔄", "heading": "Reverse Charge", "description": "Tax on inward supplies by recipient." }, { "icon": "🏪", "heading": "Composition Scheme", "description": "Flat rate for small businesses turnover." }, { "icon": "💰", "heading": "Cash Ledger", "description": "Electronic fund deposit for payments." }, { "icon": "📊", "heading": "ITC Ledger", "description": "Balances input tax credit utilization." }, { "icon": "⏰", "heading": "Time of Supply", "description": "Fixes tax liability event timing." } ] }

The slide summarizes key GST rules in a table: Time of Supply for goods is at removal, Place of Supply is the recipient's location. It also lists exemptions for fresh food and milk, plus E-way Bill requirement for interstate supplies over ₹50,000.

Time/Place of Supply, Exemptions, E-way Bill

{ "headers": [ "Aspect", "Key Rule" ], "rows": [ [ "Time of Supply (Goods)", "Time of removal" ], [ "Place of Supply (Goods)", "Location of recipient" ], [ "Exemptions", "Fresh food, milk, etc." ], [ "E-way Bill", "Interstate > ₹50,000" ] ] }

Source: GST Act Rules

The slide requires monthly/quarterly return filings, with a ₹200 per day penalty for late submissions. It mandates audits for turnovers over ₹5 Cr and lists assessments including self, scrutiny, and best judgment.

Compliance, Penalties, Audit & Assessment

• Monthly/quarterly return filings required
• Late filing penalty: ₹200 per day
• Audit mandatory for turnover > ₹5 Cr
• Assessments: Self, scrutiny, best judgment

The slide "Latest Amendments, Scenarios, FAQs" highlights key updates like the QRMP scheme for quarterly returns with monthly payments, revised AATO turnover thresholds, and ITC reversal mandates for non-payment. It also features FAQs on registration cancellation procedures and E-way bill validity rules.

Latest Amendments, Scenarios, FAQs

• QRMP Scheme: Quarterly returns, monthly payments
• AATO Changes: Revised turnover thresholds
• ITC Reversal Case: Non-payment mandates reversal
• FAQ: Registration cancellation procedure
• FAQ: E-way bill validity rules

The conclusion slide's key takeaways emphasize mastering GST for compliance success, practicing real-world scenarios, and ensuring full compliance across all GST topics. It thanks the audience for their attention and directs questions to the compliance team.

Key Takeaways & Q&A

• Master GST for compliance success

• Practice real-world scenarios
• Ensure full compliance across all GST topics

Thank you for your attention! Contact compliance team with questions.

Source: GST Training Presentation