VAT and indirect tax, one lesson at a time.
Learn how VAT, GST, customs, and excise work, from basic concepts and registration to input tax credit, returns, accounting entries, and practice questions.
VAT and indirect tax lessons
Follow the lessons in order, or search and filter to jump to a subject.
Introduction to Indirect Tax
Understand what indirect taxes are and how they work in an economy.
Direct vs Indirect Tax
Compare the two tax types by burden, collection, and impact.
Principles of Indirect Taxation
Learn the core principles behind how indirect taxes are designed.
Value Added Tax Basics
Get introduced to VAT, its stages, and how value addition is taxed.
VAT Registration and Compliance
See who must register for VAT and what compliance involves.
VAT Invoicing
Learn the details a valid VAT invoice should contain.
VAT Input Tax Credit
Understand how tax paid on purchases is set off against output tax.
VAT Calculation and Examples
Work through VAT calculations with simple numerical examples.
VAT Returns and Payment
Explore how VAT returns are filed and tax is paid.
VAT vs GST
Compare the old VAT system with the GST framework.
Introduction to GST
Start with the idea, structure, and objectives of GST.
CGST, SGST and IGST
Learn how GST is split between centre, states, and inter-state supply.
GST Registration
Understand registration thresholds, types, and the process.
GST Supply and Taxability
Study what counts as a supply and when it is taxable.
Time, Place and Value of Supply
Learn how to decide when, where, and at what value GST applies.
GST Invoice and Documentation
Explore tax invoices, credit notes, and required documents.
GST Input Tax Credit
Understand eligibility, conditions, and utilisation of credit.
GST Rates and Classification
See how goods and services are classified and taxed at different rates.
GST Returns
Get an overview of regular GST returns and their due dates.
GST Payment and Refunds
Learn how tax is paid and when refunds can be claimed.
Reverse Charge Mechanism
Understand when the buyer, not the seller, pays the tax.
Composition Scheme
Explore the simplified tax scheme for small taxpayers.
E-Way Bill
Learn when an e-way bill is needed for moving goods.
Customs Duty Basics
Understand customs duty, its types, and how it is charged.
Excise Duty Basics
Get introduced to duty on the manufacture of goods.
Import and Export Taxation
See how taxes apply to cross-border trade and zero-rated supplies.
Indirect Tax Accounting Entries
Learn to record tax on sales, purchases, and payments.
Audit and Assessment
Understand tax audits, assessments, and record requirements.
Penalties and Compliance
Know the common penalties and how to stay compliant.
Practical Problems
Practise numerical problems on VAT, GST, and credit.
Case Studies
Apply concepts to realistic business situations.
Indirect Tax MCQs
Test your understanding with multiple-choice questions.
Start with the basics. Build up to practice.
The lessons move from core tax concepts to VAT and GST, then procedures, trade duties, and finally accounting entries, problems, case studies, and MCQs.