Mastering Indian Taxation: 1-Month

Program Overview

Week 1: Introduction to Indian Taxation System

Overview of Indian Taxation Landscape

• 1. Introduction to direct and indirect taxes
  2. Historical perspective and evolution of Indian taxation system

Direct Taxes in India

• 1. Understanding income tax: concepts, slabs, exemptions, and deductions
  2. Taxation of different entities: individuals, HUFs, companies, etc.

Indirect Taxes in India

• 1. Overview of GST and its implementation
  2. Other indirect taxes: customs duty, excise duty, service tax (before GST), etc.

Week 2: Deep Dive into Goods and Services Tax (GST)

Introduction to GST

• 1. Concept, objectives, and benefits of GST
  2. GST Council and decision-making process

GST Structure and Framework

• 1. Dual GST model: CGST, SGST/UTGST, and IGST
  2. GST rates and classification of goods and services

GST Registration and Compliance

• 1. GST registration process: eligibility, thresholds, and mandatory requirements
  2. GST compliance: invoicing, returns filing, payment of taxes, and penalties

Week 3: Advanced Topics in GST and Tax Planning

Input Tax Credit (ITC) Mechanism

• 1. Eligibility criteria, conditions, and restrictions for claiming ITC
  2. Documentation and record-keeping requirements for availing ITC

GST Audit and Assessments

• 1. Concept of GST audit and assessment
  2. Types of GST audits, compliance requirements, and consequences of non-compliance

Tax Planning and Optimization Strategies

• 1. Tax-saving investments and deductions under the Income Tax Act
  2. Strategies for minimizing tax liabilities and maximizing savings

Week 4: Special Topics and Case Studies

GST in Practice: Industry-specific Insights

• 1. Sector-wise impact of GST: manufacturing, services, e-commerce, etc.
  2. Case studies and practical examples illustrating GST implementation challenges and solutions

GST Amendments and Updates

• 1. Recent changes in GST law, notifications, and circulars
  2. Impact analysis and compliance implications for taxpayers

Project Work and Presentations

• 1. Participants work on individual or group projects related to GST compliance, tax planning, or case studies.
  2. Presentation of project findings and recommendations to the class.

Outlook

Throughout the course, participants would engage in lectures, discussions, hands-on exercises, practical applications, and guest lectures from industry experts. The curriculum provides a comprehensive understanding of Indian taxation, with a focus on GST, and equips participants with the knowledge and skills necessary to navigate the complex tax landscape effectively.