GST and Income Tax Course in Pune

Certification in GST and Direct Taxation

Duration: 1 Month

Course Contents:

1) GST Law:
GST law explained practically, Introduction to CGST,SGST,IGST,UTGST.Regular registrations and
composition scheme,GST rates,HSN and SAC codes.Levy of GST,Place of Supply under GST,(ITC) Input
tax credit,Reverse charge mechanism,TDS and TCS under GST.

2) Old taxation to GST:
Migrating from Excise,VAT,CST,Service Tax etc to Goods and Services Tax(GST).
3) GST Implementation in TallyERP9:
Implementation of GST in Tally ERP 9 to generate correct reports of GST.Accurate creation of Accounts,
Inventory,Tax,Purachase,Sales,Party masters.
4) GST Computation:
Doing GST computation in detail. Passing Sales,Purchase, Interstate transactions, Advances booking,
TDS under GST, Expenses booking, reverse changetransaction etc.
5) GST Reporting:
Creation of GSTR1,GSTR2 and GSTR3B reports,Inputtax credit reports.
6) GST online returns,payments and registartion:

GST return filing in GSTR1,GSTR2 & GSTR3B,GST online payments,GST online registrations.

7) Tax deducted at source (TDS):
TDS concept.TDS sections and deduction,TDS on Salary and other payments.TDS computation.
TDS returns in 24Q(Salary) & 26Q (Other).

8) Income Tax on Salary:
Income Tax computation on salary.Salary allowances,exemption, deductions under 80C to 80U.Return
filing in ITR1.
9) Income tax for Business :

Income Tax for Business and Return filing in ITR 3.

10) Income Tax for Companies:
Income Tax for companies and Return filing in ITR 6.

Who should attend ?

  • All who are interested to get knowledge in taxation and learn practical online returns.
  • Any graduate ,post graduate or who is doing graduation.
  • Experienced people who want to improve skills in taxation.
  • Businessmen can also do that will help them to understand taxation related to business.

Certification and Study Material

  • Certificate would be provided
  • Detailed online notes of content covered would be given.
  • Tax form which are filled during workshop would be mailed to every candidate.

Contact Us :

Call us on 8446001400 or mail to nilamg@techcraftonline.com

Course Information

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Course Instructor

nilamg nilamg Author
 

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Free Lessons (For students who want to check the course)

Levy of GST by Manufacturer

Illustrating how GST is levied by manufacturer.
Interstate purchase transaction

Passing interstate purchase transaction.
GSTR2 reconciliation with data from portal

Process to do GSTR2 reconciliation with data from portal.
Input Tax Credit (ITC) adjustment Part 2

Part 2 explains input tax available for adjustment.
Downloading GSTR1 and GSTR2 offline utility

Look at process of downloading GSTR1 and GSTR2 offline utility
Preparing and return filing of GSTR3B online

Process to prepare and file returns of GSTR3B online.

GST law explained from practical point of view

Old indirect Tax to GST

Understanding how old taxes like excise,service tax,VAT,CST subsumed to form Goods and Services Tax.
Introduction to Goods and Services Tax and its applicability

Get introduced to CGST,SGST,IGST,UTGST and its applicability,
GST registration for regular dealer

Conditions and criteria to get registered under GST as regular dealer.
GST registration on GST portal

Steps to do GST registration on portal.
GST Composition Scheme

GST compositions scheme criteria,conditions,applicability,rates etc explained in detail
GST number format

GST number format and its meaning explained.
GST Rates on Goods and Services

Understanding different slabs of GST rates on goods and services
Levy of GST by Manufacturer

Illustrating how GST is levied by manufacturer.
Levy of GST by trader

Illustrating how GST is levied by trader.
Levy of GST by service provider

Illustrating how GST is levied by service provider.
Place of Supply for Goods

Understanding place of supply for goods and corresponding levy of GST.
Place of supply for services

Understanding place of supply for services and corresponding levy of GST.
Introduction to Input tax credit (ITC)

Getting introduced to input tax credit concept in GST.
Input tax credit adjustment example

Example illustrating input tax credit adjustment
Conditions to avail GST input tax credit

Understanding the necessary conditions to avail GST input tax credit.
Reverse charge mechanism under GST

Reverse charge mechanism under GST,conditions and illustration.
Tax Deducted at Source (TDS) under GST.

Tax Deducted at Source (TDS)concept,conditions,rates,certificate etc under GST.
Tax collected at Source (TCS) under GST.

Concept of TCS under GST,its criteria for collection and practical example.
E-way bill system under GST

Understanding what is E-way bill,its conditions and process.
GST Return forms

Understanding various types of GST return forms and their applicability.
Creating Masters for Interstate Purchase

Creating ledgers,inventory items,tax ledgers for interstate purchase.

GST Computation and passing various transactions

Creating company & Enabling GST in Tally ERP 9

A look a creating company and enabling GST features in Tally ERP 9
Interstate purchase transaction

Passing interstate purchase transaction.
Master creation for intrastate purchase.

Creating ledgers,inventory items,tax ledgers for intrastate (within state) purchase.
Intrastate purchase transaction

Passing intrastate purchase transaction.
Debit Note

Passing debit note with GST
Masters for Nil rated purchase

Creating ledgers,stock items,purchase ledger for Nil rated purchase.
Nil Rated Purchase

Passing Nil Rated Purchase Transaction.
Master for intrastate purchase @ 12%

Creating ledgers,stock item,tax and purchase ledgers for intrastate purchase @ 12%
Intrastate Purchase transaction at 12%

Passing Intrastate Purchase transaction at 12%
Intrastate Sales at 28%

Creating masters and passing intrastate Sales at 28%.
Interstate Sales at 28%

Creating masters and passing interstate Sales at 28%.
Credit note with GST

Passing credit note with GST.
Intrastate Sales @ 12%

Creating masters and passing Intrastate Sales transaction @ 12%
Sales to ultimate consumer

Creating masters and passing sales transaction to ultimate consumer
Branch transfer outward (within state)

Creating masters and passing branch transfer outward (within state) transaction.
Advance Receipt

Booking advance receipt.
Liability creation against advance receipt

Passing journal voucher to create liability creation against advance receipt.
Booking Expenses

Creating required ledgers and booking expenses
Sale of Services with GST

Creating required masters and passing sale of services transaction with GST
Transaction under reverse charge mechanism

Creating required masters,passing reverse charge transaction and also creating tax liability against RCM

Preparing and understanding GST reports

Understanding GSTR1

Understanding GSTR1 report for outward supply.
Preparation of GSTR1 report in Excel

Preparing GSTR1 report by exporting data from Tally ERP 9 and manually as well.
Understanding GSTR2 report for inward supply

Understanding different sections of GSTR2 report for inward supply.
GSTR2 reconciliation with data from portal

Process to do GSTR2 reconciliation with data from portal.
Preparing GSTR2 report in excel.

GSTR2 data preparation in excel by exporting from Tally as well as by manual process.
Understanding GSTR3B report

GSTR3B is consolidated return for both outward and inward supply,ITC adjustment and payments.

Input Tax Credit (ITC) Adjustment

Input Tax Credit (ITC) adjustment Part 1

Part 1 explains tax liability part of ITC adjustment report.
Input Tax Credit (ITC) adjustment Part 2

Part 2 explains input tax available for adjustment.
Input Tax Credit (ITC) adjustment Part 3

Part 3 Explains steps in Input Tax Credit (ITC) adjustment.
Input Tax Credit (ITC) adjustment Part 4

Part 4 explains tax to be paid by challan and by ITC.

GSTR1 return filing for Outward Supply

Downloading GSTR1 and GSTR2 offline utility

Look at process of downloading GSTR1 and GSTR2 offline utility
Installing GSTR1 and GSTR2 Utility

Process to install GSTR1 and GSTR2 Utility on your computer
Importing data in GSTR1 offline utility

Process to Importing data in GSTR1 offline utility
Creating GSTR1 Json file

Process to create and download GSTR1 Json file.
Uploading GSTR1 Json file to GST portal

Process and options to upload GSTR1 Json file to GST portal.
Preparing GSTR1 return online on GST portal

Preparing GSTR1 return for outward supply online on GST Portal

GSTR2 return for inward supply

Preparing GSTR2 return in offline utility

Preparing and importing data in GSTR2 return in offline utility.
Viewing and downloading GSTR2A return from portal.

Viewing and downloading GSTR2A return from portal for reconciliation.

GSTR 3B Return Filing

Downloading GSTR 3B Utility.

Downloading GSTR 3B Utility from GST Portal
Filing data in GSTR3B Offline utility.

Filing data in GSTR3B Excel Offline utility.
Uploading GSTR3B Json file on portal

Process to upload GSTR3B Json file on portal.
Preparing and return filing of GSTR3B online

Process to prepare and file returns of GSTR3B online.
GST payment in Challan

Look at making GST payment in challan on portal.

Tax Deducted at Source (TDS)

Tax Deducted at Sources (TDS) : Deductions under various Sections

Deductions under various Sections,Limits and Rates
TDS Masters in Tally ERP 9

Creating TDS masters
Booking Expense and Deducting TDS

Passing TDS deduction and Payment Entry
TDS Payment and Return Due Dates

Get to know about TDS Payment and Return Due Dates
TDS Interest and Penalties

Interest on Late payment and Penalty for Late Filing of TDS return
TDS Deduction Entries and Computation : Example of PMS Diagnostics Pvt Ltd
TDS Quarterly Return in 26 Q : Example of PMS Diagnostics Pvt Ltd
TDS Return Filing for Salary in 24Q : Example Rohan Enterprises Ltd

Income Tax

Income Tax for Salaried Person

Applicability,Advance Tax,Rates,Finalization Check list etc
Computation of Income Tax for Salaried Person : Example of Anand Deshpande
Income Tax on Business
Computation of Income Tax for Salaried Person and Return filing in ITR 1 : Example of Anand Deshpande
Downloading and Installing ITR 1
Income Tax Return Filing in ITR 1 : Example Ramesh Deshpande

Value Added Tax (VAT)

Value Added Tax (VAT) : Applicability and Procedures

Applicability of VAT,Procedures,VAT Terminologies,Interest,Penalties,Due Dates
VAT Computation : Creating VAT Masters in Tally ERP 9

Passing a VAT Sales Entry in Tally ERP 9
VAT Sales Transaction

Passing Sales Invoice with VAT levied
VAT Purchase Transaction

Passing Local purchase invoice with VAT
MVAT and CST Transactions and Computation : Gmart Stores India Pvt Ltd
Filing MVAT and CST Return In New Return Template FY 2016-17 : Gmart Stores India Pvt Ltd

Filing Header,Sales Annexure,Purchase Annexure,Form 231 and CST form III E

Central Sales Tax (CST)

Central Sales Tax (CST) : Applicability and Procedures

Applicability and Procedures,Usage of Forms,Rates of CST
Creating CST Masters in Tally ERP 9

Creating Masters for CST so that form III E is generated in reports.
CST Sales Transaction

Passing Interstate CST Sales Transactions
CST Purchase Transactions

Passing CST Interstate Purchase Transaction

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