Lec 1: Introduction to GST | CA Inter GST | May & Sept 2027 | CA Nishant Kumar

Welcome to Lecture 1 of the CA Inter GST Regular Batch for May 2027! 🎯 If you’re preparing for CA Intermediate May 2027, September 2027, or January 2028, this lecture is the perfect place to begin your GST preparation. In this complete Regular Batch, CA Nishant Kumar teaches every concept from the ground up, making GST simple, logical, and easy to understand. In Lecture 1 – Introduction to GST, you’ll first understand why GST was introduced, the problems with the earlier indirect tax system, and how GST transformed taxation in India. ━━━━━━━━━━━━━━━━━━━━ 📌Topics Covered: ✔️ What is an Indirect Tax? ✔️ History of Indirect Taxation - Central Sales Tax & Service Tax ✔️ Why GST was Introduced ✔️ Problems with the Earlier Tax System ✔️ Cascading Effect (Tax on Tax) ✔️ Value Added Tax (VAT) & Input Tax Credit (ITC) ✔️ Intra-State vs Inter-State Transactions ✔️ Taxes Subsumed into GST ✔️ Destination-Based Consumption Tax ✔️ Dual GST Model - CGST, SGST & IGST ✔️ Output Tax Liability vs Input Tax Credit ✔️ Revenue Sharing Between the Centre & States ✔️ Credit Utilisation Rules (IGST, CGST & SGST) ✔️ Levy of GST - Supply of Goods & Services ━━━━━━━━━━━━━━━━━━━━ 📝 PYQs Solved in This Lecture: ✔️ May 2025 ✔️ January 2025 ✔️ November 2018 ✔️ January 2026 ━━━━━━━━━━━━━━━━━━━━ ⏭️ Coming Up in the Next Lecture: We begin Chapter 2 - Supply, where you’ll understand the three most important GST concepts: • Supply • Goods • Services ━━━━━━━━━━━━━━━━━━━━ Playlists: CA Inter Taxation (Income Tax + GST) CA Final Direct Tax ━━━━━━━━━━━━━━━━━━━━ 🎓 Join the CA Inter Regular Batch 🌐 Website: 📘 Course Details: ━━━━━━━━━━━━━━━━━━━━ 📲 Connect with Me Instagram: @canishantkumar FinTax by Nishant: @fintaxbynishant LinkedIn: CA Foundation Maths: @canishantkumarmaths ━━━━━━━━━━━━━━━━━━━━ If this lecture helped you, Like, Share, and Subscribe to CA Nishant Kumar Taxation for complete CA Inter GST and Income Tax lectures, revision sessions, amendments, and exam-oriented preparation. 🔔 Turn on notifications so you never miss a lecture or important update. #CAInter #CAIntermediate #GST #CAInterGST #GSTBasics #IntroductionToGST #IndirectTax #CGST #SGST #IGST #InputTaxCredit #CANishantKumar #May2027