Course description

Highlights:

-GST Basics: Learn the fundamentals of GST, including its structure, categories, andhowit impacts businesses. - GST Registration & Compliance: Understand the GST registration process, tax rates, and compliance requirements. - GST Returns: Master the process of filing GST returns - GST Reports & Reconciliation: Learn how to generate GST-related reports and reconcile input tax credit (ITC) with GST returns.

Course Objective:

By the end of this course, you will be able to: - Understand the fundamentals of GST and its application in various business transactions. - Navigate the GST registration process and determine the appropriate GST rates for different goods and services. - Accurately file GST returns - Maintain proper documentation and reporting for GST compliance. - Perform GST reconciliation to ensure tax credit and liabilities are aligned. - Understand GST audits and the impact of GST on

Course Structure:

1. Introduction to GST - Overview of Goods and Services Tax (GST) and its objectives - GST structure - GST applicability and GSTIN (GST Identification Number) - Advantages of GST over the

2. GST Registration - Eligibility for GST registration - Registration process and required documents - Types of GST registrations: Regular, Composition, Casual, and Non-resident - GST portal navigation for registration and amendments - GST number (GSTIN) and its significance

3. GST Taxation System - GST rates and classification of goods and services - Taxable value and methods of calculating GST - Exemptions and reductions under GST - Input Tax Credit (ITC) and its conditions for claim - Reverse Charge Mechanism (RCM) and its application

4. Filing GST Returns - Understanding different GST returns - Process of filing - Annual GST return filing procedure - GST payment and e-payment methods - Due dates for different types of

5. GST Invoicing & Documentation - GST invoice format and its mandatory details - Credit and debit notes in GST - E-way bills and their significance for goods transport - GST-compliant bookkeeping and accounting practices - Maintaining proper documentation for

6. GST Reports and Reconciliation - Generating GST reports from accounting software - Reconciliation of sales and purchase data for GST returns - Matching input tax credit with supplier GST returns - Dealing with discrepancies in GST reports - Filing amendments and corrections in GST returns

7. GST Audits and Assessments - Understanding the GST audit process - GST assessment and self-assessment procedures - Consequences of GST non-compliance - How to prepare for a GST audit and the role of GST auditors

Learning Methodology:

- Interactive Lectures: Learn through structured lessons led by industry experts. - Hands-on Practice: Work with practical case studies, examples. - Assessments and Quizzes: Regular assessments to evaluate understanding and reinforcelearning. - Live Sessions: Participate in live Q&A sessions for clarification and support. - Discussion Forums: Engage with peers and instructors in discussions to solve GSTrelated problems.

Who Should Enroll:

- Aspiring tax consultants and professionals looking to specialize in GST - Small business owners and entrepreneurs who need to understand GST compliance- Accountants and financial managers responsible for managing taxes and filings - Students interested in pursuing a career in taxation and accounting - E-commerce business owners and managers seeking GST knowledge - Anyone interested in gaining practical knowledge of GST for business or professional purposes

This GST course is an essential learning path for anyone looking to master the Goods andServices Tax system in India. Whether you are a professional accountant, a business owner, or someone looking to understand tax regulations, this course will provide youwith the knowledge and skills necessary to handle GST compliance and taxation effectively. 

What will i learn?