Goods & Service Tax (GST) – Issues & Challenges

Course Content

GST Legal Provisions and Latest Changes 

• Act, Rules, and Notifications  
• Rates and classification of goods and services  
• GST exemption and refund provisions  
• Place of supply and time of supply under GST  
• Understanding of Input Tax Credit (ITC) and its importance in GST compliance  

GST Implementation and Compliance  

• Compliance requirements for businesses  
• Returns and their filing procedures (GSTR-1, GSTR-2A, GSTR-3B, etc.)  
• Late fee and penalty for non-filing of GST returns  
• Annual returns and audit provisions  
• Compliance checklist for businesses  

GST Audit and Assessment  

• Audit and Assessment procedures  
• Types of GST audit and assessment  
• Preparation of documents for GST audit  
• Audit trail and documentation requirements under GST  
• Consequences of non-compliance with GST regulations  

E-Invoicing Compliance  

• E-Invoicing and its significance in GST compliance  
• Requirements and implementation process  
• Technical and operational aspects of e-Invoicing  
• Compliance requirements for large taxpayers under e-Invoicing  
• Benefits of e-Invoicing and challenges faced in its implementation.  

Litigation and Dispute Resolution  

• GST litigation and dispute resolution  
• Types of GST disputes and their resolution mechanisms  
• Recent judicial pronouncements on GST disputes  
• Precautionary measures to avoid GST disputes and litigation Conclusion:  
• Recap of the key concepts and provisions of GST and e-Invoicing  
• Best practices for GST compliance and audit  
• Q&A session and feedback from participants.