Techcraft

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

Get introduced to CGST,SGST,IGST,UTGST and its applicability,

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

Steps to do GST registration on portal.

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

GST number format and its meaning explained.

Understanding different slabs of GST rates on goods and services

Illustrating how GST is levied by manufacturer.

Illustrating how GST is levied by trader.

Illustrating how GST is levied by service provider.

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

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

Getting introduced to input tax credit concept in GST.

Example illustrating input tax credit adjustment

Understanding the necessary conditions to avail GST input tax credit.

Reverse charge mechanism under GST,conditions and illustration.

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

Concept of TCS under GST,its criteria for collection and practical example.

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

Understanding various types of GST return forms and their applicability.

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

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

Passing interstate purchase transaction.

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

Passing intrastate purchase transaction.

Passing debit note with GST

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

Passing Nil Rated Purchase Transaction.

Creating ledgers,stock item,tax and purchase ledgers for intrastate purchase @ 12%

Passing Intrastate Purchase transaction at 12%

Creating masters and passing intrastate Sales at 28%.

Creating masters and passing interstate Sales at 28%.

Passing credit note with GST.

Creating masters and passing Intrastate Sales transaction @ 12%

Creating masters and passing sales transaction to ultimate consumer

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

Booking advance receipt.

Passing journal voucher to create liability creation against advance receipt.

Creating required ledgers and booking expenses

Creating required masters and passing sale of services transaction with GST

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

Understanding GSTR1 report for outward supply.

Preparing GSTR1 report by exporting data from Tally ERP 9 and manually as well.

Understanding different sections of GSTR2 report for inward supply.

Process to do GSTR2 reconciliation with data from portal.

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

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

Part 1 explains tax liability part of ITC adjustment report.

Part 2 explains input tax available for adjustment.

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

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

Look at process of downloading GSTR1 and GSTR2 offline utility

Process to install GSTR1 and GSTR2 Utility on your computer

Process to Importing data in GSTR1 offline utility

Process to create and download GSTR1 Json file.

Process and options to upload GSTR1 Json file to GST portal.

Preparing GSTR1 return for outward supply online on GST Portal

Preparing and importing data in GSTR2 return in offline utility.

Viewing and downloading GSTR2A return from portal for reconciliation.

Downloading GSTR 3B Utility from GST Portal

Filing data in GSTR3B Excel Offline utility.

Process to upload GSTR3B Json file on portal.

Process to prepare and file returns of GSTR3B online.

Look at making GST payment in challan on portal.

Deductions under various Sections,Limits and Rates

Creating TDS masters

Passing TDS deduction and Payment Entry

Get to know about TDS Payment and Return Due Dates

Interest on Late payment and Penalty for Late Filing of TDS return

Applicability,Advance Tax,Rates,Finalization Check list etc

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

Applicability and Procedures,Usage of Forms,Rates of CST

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

Passing Interstate CST Sales Transactions

Passing CST Interstate Purchase Transaction