The course Basics of Taxation and GST provides an introduction to the structure and functioning of the Indian taxation system. It helps students understand the concept, need, and types of taxes, including both Direct and Indirect Taxes. The course familiarizes learners with key provisions of tax laws and the practical aspects of taxation in India. Special emphasis is given to the concept, framework, and functioning of Goods and Services Tax (GST). Through this course, students develop conceptual clarity about taxation, gain practical knowledge of tax compliance and GST procedures, and understand the impact of GST on business operations and economic activities in the modern financial environment.
| Day | Topic | Sub-Topic No. | Sub-Topic Title | Detailed Contents |
| Day 1 | Introduction to Taxation | 1.1 | Meaning and characteristics of tax | Definition, purpose, real-world examples |
| 1.2 | Principles and objectives of taxation | Cannons of Taxation, Principles and objectives of taxation | ||
| 1.3 | Role of taxation in public finance | Role of taxation in public finance | ||
| 1.4 | Structure of the Indian tax system | Structure of the Indian tax system | ||
| Day 2 | Direct Taxes - Basic Concepts and Terminologies | 2.1 | Assessee, Assessment Year, Previous Year, PAN, TDS, TAN basics | Terminology |
| 2.2 | Income, Exemptions, Deductions | Terminology | ||
| 2.3 | Taxable income and tax slabs (individuals & businesses) | 4 layers and protocol mapping | ||
| Day 3 | Indirect Taxes - Introduction to Goods and Services Tax (GST) | 3.1 | Indirect Taxes - Introduction to Goods and Services Tax (GST) | Features of GST and its benefits |
| 3.2 | GST vs Previous indirect tax system Types of GST: CGST, SGST, IGST, UTGST | Types of GST: CGST, SGST, IGST, UTGST | ||
| Day 4 | GST Registration and Compliance | 4.1 | Eligibility and process for GST registration GSTIN and its significance | GSTIN process and its significance |
| 4.2 | Invoicing and billing under GST, GST returns and due dates (GSTR-1, GSTR-3B overview) | Tax Invoice, Bill of Supply GSTIN, Place of Supply | ||
| Day 5 | Input Tax Credit (ITC) and Valuation | 5.1 | Concept of ITC and its utilization | Concept of ITC |
| 5.2 | Conditions for claiming ITC | Process of claim | ||
| Day 6 |
Practical Aspects and Recent Updates Filing GST returns (demo or screenshots of portal) |
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| Know your Mentor | Contact Number | Email Id | Teaching Experience (in Yrs.) |
| Dr Charandeep Singh | 9855741273 | Charandeep.e13559@cumail.in | Corporate Experience (in Banking Industry): 22 years Academic Experience : 6 years |