Certification in Goods and Services Tax
Course Introduction :
Certification in Goods and Services Tax focuses on practical aspects of GST Law,Computation and Returs.Courses helps to gain practical knowledge of Tax Computation,Passing tax related transactions,understanding procedures of GST and filing online returns.
This course has collection of 100 plus videos and text notes which are prepared by experts in Taxation.
Why should you do online GST course?
- Get access to unlimited course resources.
- Learn from experts.
- Do practical assignments and quizzes online and get certified.
- Learn any time from anywhere.
- Learn from Mobile,Laptop,PC etc.
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) Inputtax credit,Reverse charge mechanism,TDS and TCSunder 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 change transaction etc.
5) GST Reporting:
Creation of GSTR1,GSTR2 and GSTR3B reports,Input tax credit reports in Excel.
6) GST Input Tax credit (ITC) adjustment:
Preparation ITC adjustment report in Excel,Adjusting credits as per ITC rules and finding tax
7) GST online returns,payments and registartion:
GST return filing in GSTR1,GSTR2 & GSTR3B online as well as offline,GST online payments.GST online registrations.
Who should study?
All freshers or experienced people who want to gain the practical knowledge in Goods and Services Tax required for taxation job or doing career as Tax consultant can do this course.
Faculty has 5 years experience in practical taxation training and consultancy.
Free Lessons (For students who want to check the course)
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 Composition Scheme
GST compositions scheme criteria,conditions,applicability,rates etc explained in detail
Place of supply for services
Understanding place of supply for services and corresponding levy of GST.
Conditions to avail GST input tax credit
Understanding the necessary conditions to avail GST input tax credit.
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.
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
Creating Masters for Interstate Purchase
Creating ledgers,inventory items,tax ledgers for interstate purchase.
Master creation for intrastate purchase.
Creating ledgers,inventory items,tax ledgers for intrastate (within state) purchase.
Master for intrastate purchase @ 12%
Creating ledgers,stock item,tax and purchase ledgers for intrastate purchase @ 12%
Branch transfer outward (within state)
Creating masters and passing branch transfer outward (within state) transaction.
Liability creation against advance receipt
Passing journal voucher to create liability creation against advance receipt.
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
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 3
Part 3 Explains steps in Input Tax Credit (ITC) adjustment.
GSTR1 return filing for Outward Supply
Downloading GSTR1 and GSTR2 offline utility
Look at process of downloading GSTR1 and GSTR2 offline utility
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.