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  GST What are the main features of GST? Can you explain the Dual GST Model in more detail? What are the advantages of registering under the GST Act? The main features of Goods and Services Tax (GST) include: 1. **Value Added Tax**: GST is a value-added tax levied on the supply of goods and services, which means tax is collected at each stage of the supply chain based on the value added at that stage [T6]. 2. **Destination-Based Consumption Tax**: GST is a destination-based tax, meaning it is collected at the point of consumption rather than the point of origin. This ensures that the tax revenue goes to the state where the goods or services are consumed [T6]. 3. **Dual GST Model**: India follows a Dual GST Model, which includes both Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST). This means that both the central and state governments can levy GST on the same transaction [T4]. 4. **Comprehensive Tax Structure**: GST subsumes various indirect taxes such...

 GFGC CHIKKABALLAPUR  Name of the Program: Bachelor of Commerce (B.Com) Course Code: B.Com 5.6 Name of the Course: Vocational Course – GST – LAW & PRACTICE   Syllabus  Module: 1 – INTRODUCTION TO GST (THEORETICAL BASED) 10 Hrs  The Concept of Tax and the Objective for its Levy, the Concept of Direct and Indirect Tax and the Differences between the two types of Taxes, the Basic Features of Indirect Taxes and the Principal Indirect taxes in India, Source Based Vs Destination Based Taxation Structure and its Features. The need for GST in India, The Historical background of GST in India, The Framework of GST (Dual Model) and various benefits to be accrued from Implementation of GST. The Significant Amendments made in Constitution (101st Amendment) Act, 2016. GST Council: Constitution, Power and Functions.  Module: 2 – IMPORTANT DEFINITIONS IN GST AND SUPPLY UNDER GST 14 Hrs  Definitions of: Goods, Services, Person, Consideration, Aggregate ...