CHAPTER-1
Scope and Review of GST (Goods and Service Tax)

• Basics
• Taxation System in India

1.1 – Overview of GST Law

• Principles
• Important Definitions (Section -2)
• Why GST is Necessary?
• Impact of GST
• Benefits/ Demerits
• Different Rates of GST

1.2 – Provisions of Supply

• Scope of Supply
• Place of Supply
• Time & Value of Supply {Section (12-15)}
• Impact of GST

1.3 – GST Registration with GST Rules & Formats

• Registration Procedure under GST
• Persons required to be registered
• Process of Registration
• Forms for GST Registration (With live demo)
• GST REG-01- Application
• GST REG-02- Acknowledgement
• GST REG-06- Certificate
• REG-01 to REG-29
• Amendment in Registration
• Cancellation of Registration
• Reply of SCN

1.4 – Returns Under GST (With live demo)

• Definition & Important Notes to Return
• Types of Returns (Annual Return, Composition Return, Regular Return)
• Notice to Return Defaulters
• Levy of Late Fee
• Goods and Services Tax Practitioners
• Return Preparation Using offline tools and 3rd party software (GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-6, GSTR-7, GSTR-8, GSTR-9, GSTR-9A, GSTR- 9C)
• New GST Return (RET-01, Annex-01)
• Filling of GST Return on Common Portal

1.5 – Refunds – Section 54-58 with GST Rules

• Refund of Tax (Section-54)
• Refund Process under GST (Section-55)
• Interest on Delayed Refunds (Section-56)
• Consumer Welfare Fund (Section-57)
• Utilization of Fund (section-58)
• Procedure to file refund application

1.6 – Input Tax Credit – Section 16-21 with GST Rules

• Eligibility & Conditions for taking ITC (Section-16)
• Block Credit (Section-17)
• Availability of Credit in Special Cases (Section-18)
• ITC for Job Work (Section-19)
• ITC Distribution by ISD (section-20)

1.7 – Electronic Commerce in GST – Section 52

• Definitions
• Collect of Tax at Source – E-Commerce

1.8 – Job Work & Composition Levy in GST

• Special Provision for Job Worker
• Composition Levy (Section 10)
• Quarterly Return for Compounding Taxable Person (GSTR-4)

1.9 – Other Topics – with GST Rules & Formats

• Statutory Provision Payment of Tax, Interest, Penalty and other charges (Section 49)
• Interest on delayed payment of tax (Section 50)
• Payment Procedure Live Demo
• Tax Invoices (Section 31)
• Transitional Provisions Section (139-142) Chapter XX
• Tax Deduction at source (Section 51)

1.10 – Invoicing under GST

• Tax Invoices/ Bill of supply (Legal Provision)
• Format of Tax Invoice / BOS / Debit Note / Credit Note / Payment Voucher / Receipt Voucher

1.11 – IGST LAW (Total Chapter IX, Total Section 1-25)

• Important Definitions (Section- 2)
• Determination of Nature of Supply (Section 7-9)
• Place of Supply of Goods and/or Services (Section 10-14)
• Zero Rated Supply (Section 16)

1.12 – Accounting for GST in Tally A 1.12.1 – Invoicing

• Sales Invoicing (Intra State & Inter State)
• Purchase Invoicing (Intra State & Inter State)
• Debit Note
• Credit Note

1.12.2 – Input Credit Mechanism

• Input Credit Mechanism

1.12.3 – GST Returns

• What is Annual Return its Objective and Compliance
• Difference Between GSTR-9, GSTR-9A, GSTR-9B and GSTR-9C
• Who is required to file GSTR-9
• Challenges in filing GSTR-9
• How to meet those Challenges
• Understanding of 6 Parts and 19 Tables of GSTR-9
• Consequences of not filing GSTR-9
• Preparation of GSTR-9 filing
• Processing of GSTR-9 at Department and Post filing Scenario.

1.12.4 – Tally entries to be recorded for GST in Tally

• Treatment of Reverse Charge
• Various Statutory adjustments
• Payment of GST Liability
• Payment of GST Liability – Credit
• Payment of GST Liability – Cash

1.12.5 – E-Way Bill

• Identify E-Way Bill Generation Scenarios Under GST
  • Identify -various movements which take place on daily basis
  • Sale, purchase – goods sent for repairs, job work, sales return, purchase return, imports and exports
  • Transactions with unregistered dealers etc.
• Fix Responsibility For-Way Bills
  • Agreements with business participants on roles/responsibilities
  • Updating E-Way Bill in case of change in conveyance
  • Breakdown of conveyance
  • Expiry of validity of E-Way Bill
  • Return of goods from customer premises without acceptance, etc.
• Obtain GST Registration Number
  • Prerequisite for the generation of E-Way Bill
• ID From Transporters
  • Transporter ID needs to be available before goods are dispatched Update Pin Codes
  • Pin codes are mandatory field in E-Way Bill formats
• Generation login id password on E-Way Bill portal
• Assess Personnel Requirement For Generation E-Way Bills
  • Manpower which will require to undertake E-Way Bill compliances
  • Additional manpower particularly for initial few months till system stabilizes
• Stay updated with developments in E-Way Bill
  • FAQ released by the government
  • regular updates from government

CHAPTER-2

TDS (Tax Deducted Source)*

• Concepts
• Configuring TDS in Tally ERP & Prime
• Masters
• Management
• Transactions
• Report Returns

Tax Deducted at source

• What is TDS Process
• How to prepare and Issue of TDS Certificate How to do Filing of E-TDS Return
• Enabling TDS
• What is Nature of TDS related payments Deductee types
• How to Create TDS Masters (Expense ledger, Party Ledger, Tax ledger)
• How to pass TDS Voucher Entries/Transactions How do pass TDS on expenses (Journal Voucher)
• How to pass Expenses partly subject to TDS (Journal voucher)
• How to do Accounting multiple expenses and deducting TDS later
• How to record TDS on advance payments
• How to do Adjusting advances against the bill
• How to Changes in TDS Percentage Computation
• TDS Challan Reconciliation Print Form 16A
• Form 26Q Annexure to 26Q Form 27Q Annexure to 27Q
• Form 26
• Annexure to 26
• Form 27
• Annexure to
• 27 E-Return
• E-TDS, Print form 2

CHAPTER-3
*ADVANCED ACCOUNTING WITH COMPUTERIZED TAXATION*

*Income Tax*

• Introduction to Income Tax,
• Residential Status of an assesse,
• Various Heads of Income including Salary, Income under the head House Property, Profit & Gains from Business and
• Profession, Income from Capital Gains & other Sources,
• Income Tax, Set off and carry forward of losses,
• Return Filing under Income Tax, Filing online Application for PAN,
• E-Filing of Income Tax return,
• Introduction to Income Tax portal and credit statements
• Concept of TDS,
• Computation and Payment of TDS, Generating TDS Challans and Filing of TDS Returns.
• Income Tax computation
• Training Students how to file Income Tax Return Training Students how to file E TDS return online
• Permanent Account No
• Application and its procedure
• E TDS Return filing Practical Training
• E TDS software like Tally Income Tax return filing techniques
• How to compute Income Tax on Salary Income.
• How to prepare Form 16 online and manual How to fill up Form 49A , 49B
• Preparation of Challan 281 and 280 manual and computerized
• Income Tax Assessment procedure and handling Income Tax cases
• Income Tax notice and Scrutiny Cases under section 143
• Form 3CD Tax Audit procedure and laws practical training

*TDS (Tax Deducted Source)*

• Concepts
• Configuring TDS in Tally ERP & Prime
• Masters
• Management
• Transactions
• Report Returns

Tax Deducted at source

• What is TDS Process
• How to prepare and Issue of TDS Certificate How to do Filing of E-TDS Return
• Enabling TDS
• What is Nature of TDS related payments Deductee types
• How to Create TDS Masters (Expense ledger, Party Ledger, Tax ledger)
• How to pass TDS Voucher Entries/Transactions How do pass TDS on expenses (Journal Voucher)
• How to pass Expenses partly subject to TDS (Journal voucher)
• How to do Accounting multiple expenses and deducting TDS later
• How to record TDS on advance payments
• How to do Adjusting advances against the bill
• How to Changes in TDS Percentage Computation
• TDS Challan Reconciliation Print Form 16A
• Form 26Q Annexure to 26Q Form 27Q Annexure to 27Q
• Form 26
• Annexure to 26
• Form 27
• Annexure to
• 27 E-Return
• E-TDS, Print form 2

*TCs (Tax Collected Source)*

• Concepts
• Configuring TCS in Tally ERP & Prime
• Masters
• Management
• Transactions
• Report Returns

*Labor LAW*

• EPF, ESI, Gratuity etc
• Introduction to Various procedures, regulation, obligation & returns.

*Company Law*

• Introduction to Law & Procedure
• Practical Workshop for preparation of Taxation Accounting. ROC
• Return.

*Professional Tax*