The first day commenced with an introduction to the concept of Goods and Services Tax (GST) — a comprehensive indirect tax that replaced multiple levies such as VAT, Excise Duty, and Service Tax. The session highlighted the  implementation of GST on 1st July 2017 with the vision of “One Nation, One Tax, One Market.” Students were briefed on the dual structure of GST (CGST, SGST, and IGST) and the simplified tax mechanism post-GST implementation. Through balance sheet examples, participants understood the shift from multiple tax liabilities to a consolidated GST payable liability.

The second session offered a detailed overview of the main heads under GST, emphasizing its practical applications, compliance procedures, and operational framework. The session covered registration, tax slabs, returns, and filing mechanisms. The resource person elaborated on the conceptual and procedural structure essential for real-world business transactions and accounting practices under GST

The third day focused on Input Tax Credit (ITC), particularly Blocked Credits and Common Credits.

Ineligibility of credits on motor vehicles for personal use, food and beverages, outdoor catering, beauty and health services, and club memberships.  Disallowance of credits on works contracts for immovable properties, composition scheme taxes, and goods used for personal consumption. Treatment of goods lost, stolen, destroyed, or given as samples. The session enabled students to understand the nuances of ITC claims and restrictions under GST law.

This session provided insight into the E-Way Bill (Electronic Way Bill) — an electronic document generated on the GST portal for tracking the movement of goods. The purpose and significance of the E-Way Bill in ensuring compliance and curbing tax evasion. Intra-state and inter-state transportation requirements. The role of technology in maintaining transparency in goods movement and ensuring a smooth logistics system under GST.