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GST (Goods and Service Tax) Training

Syllabus (Topics Covered)

gst

1. An overview of Taxation and GST

Introduction to Taxation – Need to collect Tax – Classification of Tax – Introduction to Direct Tax – Introduction to Indirect tax – Different types of Indirect Taxes – Subsumed taxes under GST – GST meaning – Need for GST – Merits and Demerits of GST – GST Act and Bills – GST to different kinds of businesses – Applicability of GST to the businesses – Compliances to be followed in GST – Tax rates to be followed for Supply of Goods and Services

2. Procedures to be followed in GST : Registration

Taxable persons under GST – Classification of GST Dealers – Disadvantages for unregistered dealers – Penalties for not registering under GST – Registration procedures for dealers – Regular dealer – Composite Dealer – Status of Unregistered dealer

3. Procedures to be followed in GST : Invoicing

Importance of Tax Invoices – Time limit for Invoicing – Procedures to be followed in Invoicing – Manner of Issuing Invoices – Proforma Invoice

4. Procedures to be followed in GST : Accounting treatment – Regular Dealer

Introduction – Applicability – Maintaining books of Accounts – Rate and structure of Tax – HSN & SAC codes for goods and services Tax Invoice – Advantages of becoming regular dealer when compared to composite Dealers – Input Credit – Assessment Procedures – Filing of Returns

5. Procedures to be followed in GST : Accounting treatment – Composite Dealer

Introduction – Applicability – Maintaining books of Accounts – Rate and structure of Tax – Tax Invoice – Demerits to Composite Dealer – Advantages of becoming Composite dealer when compared to Unregistered Dealers – Input Credit – Assessment Procedures – Filing of Returns

6. Procedures to be followed in GST : Import of Goods and Services

Introduction – Import of Goods – Import of Services – Determination of Taxable Supply – Availing Input Credit on Import of Goods – Necessary documents to avail Input Credit on Import of Goods and Services

7. Procedures to be followed in GST : Assessment

Meaning of Assessment – Types of Assessment – Self Assessment – Scrutiny Assessment – Best Judgement Assessment – Summary Assessment

8. Procedures to be followed in GST : Input Credit

Meaning of Input Credit – Need for Input Credit – Basis of Input Credit – Input Credit Set-Off – Conditions for availing Input Credit – Status of Unavailed Input Credit

9. Procedures to be followed in GST : Filing of Returns

Introduction – Importance of filing returns in GST regime – List of returns to be filed – Consequences of non-filing of returns

10. Application of GST in Tally.ERP9 – GST Accounting and Inventory Masters and Transactions

Introduction – Advantages of maintaining books of GST Accounts in Tally.ERP9 – Activation of GST – GST Applications in Accounting and Inventory Masters – Passing GST Inwards Supply of Goods and Services transactions – Passing GST Outwards Supply of Goods and Services transactions – Passing GST Debit Notes and Credit Notes for Revised Invoices of Inwards and Outwards supply of goods and services

11. Real time Application of GST in Tally.ERP9 – GST Reports and Returns

Tally.ERP9 Release 6.0 & 7.0

Investment : Rs. 7,500/-

Contact:
Mr. S Velayudham
Program Officer
ILS
224, N. S. C. Bose Road,
Parrys, Chennai – 600001.
Ph: 044 – 25393783
Mobile: 9841828780, 9444101468
Email : ils.parrys@gmail.com

 

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