This program aims at imparting correct understanding of indirect tax issues, create new elements within a tax process as required for GST. Thus, it empower participants to get started with GST implementation through changes identified in business model, various departments, processes and immediate to-do points.
It is delivered by Senior Professionals having 25+years of industry experience in accounting and consulting. Additionally, they have been advising companies on efficient transition to GST since late 2015. Thus, making them one of the most competent trainers for GST.
1. Overview of GST
2. Registration, Rates and Effects of GST.
3. Effect of GST on various Business Departments.
4. Returns and Refunds of GST.
Business Model Template documented as per your profession
Revised Process Template documented as per your profession
To-Do List for GST Implementation in your business/profession
Thorough understanding of GST, its effects on various business functions, registration processes, rates, effects, returns, refund etc
1st Module - Overview of GST
What is GST
Taxes to go after GST
Taxes to remain after GST Eco System.
New concepts in GST.
Who will be Impacted & Business model.
Present business Model (Product pricing) & distribution benefits – PRACTICAL EXERCISE
2nd Module - Registration, Rates & Efeects of GST
Questions and Answers of last session concepts.
Registration under GST.
Rates under GST & their logic.
Import pricing ( Marketing & logistics) .
New business model (Product Pricing & distribution) – PRACTICAL EXERCISE
3rd Module - Effects of GST on various Business Departments
Effects of GST on various business departments.
Impact on purchases.
Impact on Human Resources –Sales target.
Impact on business process.
Impact on IT systems/ERP/MIS.
Impact on finance & Cash flows.
Impact on Finance & Cash Flows.
Impact on Accounting-Tally-Sales,GP Ratio,NP Ratio.
How it will impact various departments of business – New Business process. PRACTICAL EXERCISE
4th Module - Returns & Refunds of GST
GST Returns –Online
GST Input Credit.
Assesment & Refunds.
10 Exercises and To Do’s (10 Effects of GST on Your business) – PRACTICAL EXERCISE