E-Accounting, E-Taxation and E-GST

Module 1 – Advanced Goods & Services Tax Practitioner Course - By CA– (Indirect Tax)

Module 1.1 – Basic of GST Overview of Model GST Law

Why GST is an Indirect Tax?

FCM vs RCM

Political and Constitutional Journey Saga of GST.

GST Components

GST HSN and SAC issues and Challenges

VAT Concept interplay with GST

Assessing GST Impact on Business through Detailed Business Process Modal

Module 1.2 – E-GST Registration with GST Rules & Formats

Registration in GST….A legal Analysis

Registration on The basis of Threshold Limit (Sec-22)

Compulsory Registration (Sec 24)

Compulsory Registration for GST-TDS

ISD in GST and its Compliances from Registration to Return and Distribution of credit

Legal Insight on Sec 25 Procedure of Registration

GST Registration through GSTN Portal

Filing Application for Clarification through Portal on issue raised from Department on Registration

Amendment in Registration through GSTN Portal

Cancellation of Registration

Application for Revocation of Registration

Module 1.3- Levy and Collection with TOS

(Section 7 ,8 and 9 with GST SCH-I,II and III)

Analysis of Taxable Event –SUPPLY (Section 7 with Schedules)

Concept of Composite and Mixed Supply Section 8

FCM levy- Section 9(1)

RCM Levy- Section 9(3) and Section 9(4)

Time and Value of Supply Section (12-15) Chapter IV

Valuation Rules

Application of Dr. Note and Cr. Note in GST

Module 1.4- Input Tax Credit – Section 16-21 with GST Rules

Eligibility & Conditions for taking ITC (Section-16)

Section 17 an applied knowledge on Block Credit vs Reversal of Credit

Availability of Credit in Special Cases (Section-18)

ITC for Job Work (Section-19)

ITC Distribution by ISD (section-20)

A Correct GSTR-3B needs application of Section 16 and Sec 17…..An Important Discussion on General mistake in filing GSTR-3B due lack of legal knowledge.

How ITC (Sec 16 and Sec 17) is related to GSTR 2A & GSTR 2B

Module 1.5 – Electronic Commerce in GST – Section 52

A complete Legal analysis on Online Business operation Through Inegrated Flowchart to answer the following-

Who is E-commerce operator

When liable for TCS

Who is Aggregator and their Compliance obligation

What is ODIAR and legalities

Special returns for E-commerce Operator

Legal and Practical Clarity through live example

Module 1.6 – Job Work & Composition Levy in GST

Job work vs Works Contract ….A legal Integration to be applied in Practice in true spirit of law

Composition Levy Section 10

Quarterly Return for Compounding Taxable Person GSTR-4

FAQ

Module 1.7- Returns Under GST Section (37-48) with GST Rules & Formats

An Ideal Demonstrated Approach of Govt. which couldn’t be implemented…..An enlightening Discussion

Interdependence and integration of various return inter-se

Change in Return Format and Compliance with Time

QRMP Scheme- (Quarterly Return and Monthly Payment Scheme)

Invoice Furnishing Facility on GST Portal

GSTR-1,GSTR-3B, GSTR-2A, GSTR-2B

GSTR-6, GSTR-7 (Special Return)

FAQ

Module 1.8 – Government to Roll out E-way Bill

Why E-Way Bill?

Purpose Served with E-way bill

Centre and States E-way bill

Who is responsible for E-way Bill

Consequences of Not Raising E-way bill

Introduction to E-way bill Portal

Registration on E-way Portal

Generation of E-Way Bill on Portal(Export and Domestic)

Amendment and Cancellation of E-way bill

Dashboard on E-way bill Portal

Module 1.9 – IGST LAW

(Total Chapter IX, Total Section 1-25)

Place of Supply (Goods and Services)

Zero Rated Supply (Section 16)

Integration of Export Benefit

Module 1.10- Refunds – Section 54-58 with GST Rules

Concept of Unjust enrichment where refund is not allowed

Situation when refund is allowed in Bank Account

Circular No. 125 and 135 on Refund

Deficiency Memo an Injustice in GST Law

Refund Application through PORTA

Understanding Time limit for Refund

Managing Annexure A and Annexure B a compulsory Document for Refund Application

Uploading documents for Refund Application

Concept of FIRC and BRC and it procurement needed to claim Refund in case of Export of Services

Module 1.11 – GST Annual Return

What is Annual Return its Objective and Compliance

Difference Between GSTR-9, GSTR-9A, GSTR-9B and GSTR-9C

Who is required to file GSTR-9

Challenges in filing GSTR-9

Jow to meet those Challenges

Understanding of 6 Parts and 19 Tables of GSTR-9

Consequences of not filing GSTR-9

Preparation of GSTR-9 filing

Processing of GSTR-9 at Department and Post filing Scenario.

Module 2 - Part A – Advanced Income Tax Practitioner Certification

Module 2.1 Integration of Interdependent Legal Terms of Direct Tax

Person vs Assessee

Previous Year Vs Assessment Year

Benefits Available to Asseessee

(Deductions, Rebate and Exemption)

Understanding of Gross Total Income

(Intro of Income from Heads)

Gross Total Income vs Taxable Income

Residential Status and its impact on Tax Liability

Module 2.2 Dependent of Gross Total Income

Clubbing of Income

Set off and Carry forward of Losses

Deduction under Chapter VI-A

Moduel2.3 Rates Applicable on Income

General and Slab Rate of Income Tax

Special Rates Applicable on Different Income

Surcharge vs Cess…A constitutional Analysis

Module2.4 TDS -Receivable Reporting in Return

26AS Reconciliation with Form 16 and 16A

Feeding 26AS information in ITR

Claiming TDS in Current year and Carry Forward of TDS

Module2.5 Introduction of Return Forms (ITR)

Intro to ITR1 to ITR7

Importance of ITR 3

Who is liable to file Which Return

Module 2.6 ITR-3 for Individual Having Income From Business and Profession

Filling Data in PART A (General Information)-ITR3

Concept of Return under Sec 139

Concept of Representative Assessee

Individual Being Director or Partner have to mandatory file ITR-3

Detail of holding of Unlisted Share

Mandatory Maintenance of Books of Accounts (Sec 44AA)

Mandatory Audit of Books of Accounts (Sec 44AB)

Audit under any Law other than Income Tax Act

Reporting in PART A of ITR-3

Module 2.7 .Concept of Business Profession Through ITR-3

Understanding difference in Accounting Format

ITR-3 Format

Module2.8 Working on PART A-OI of ITR-3 (Row 1 to 4)

Mercantile Vs Cash Accounting

Change in Accounting Mated

Concept of ICDS and Reporting

Stock Valuation Method Reporting

Module2.9

Income not Credited in PL and Reporting to ITR Row5

Concept of Allowance of Expenses and its Reporting in ITR-3

Concept of Allowance of Residual Expenses

Section 28 of The Act Through ITR3

Section 36 Through ITR-3 Row 6

Section 37 Through ITR-3 Row 7

Module 2.10

Concept of Disallowed Expenses and Its Reporting Methodology

Covered Row No. 8 to 11

of PART A- OI of ITR-3

Section 40A

Section 40

Section 43B

Module2.11

Misc. Concept

Covered Row No. 12 to 14 of PART A- OI of ITR-3

Module 2.12 Going through the Schedule of BP of ITR-3

Understanding the Regular Business

Speculative Business

Specified Business Reporting

Module 2.13

Concept of Depreciation in Income Tax through ITR-3

Depreciation Schedule in ITR-3

Section 32

Section 35

Module 2.14.Capitl Gain Through ITR-3

Long Term and Short Term Assets /li>

CG on Transfer of Immovable Assets/li>

Slump Sale/li>

Listed Shares/li>

Unlisted Shares

Exemptions under Capital Gain (Sec 54 Series)

Deemed Capital Gain

Module2.15 Salary Through ITR-3

Salary

Allowances

Perquisites

Deduction under Sec 16

Module2.16

House Property and Other Sources through ITR-3

Module 2.17 Detailed Discussion of ITR-4

Presumptive Taxation Scheme For:-

Business Owners

Professionals

Goods Transport Agency

Module2.18 – ITR-5

Partnership Firm

Module2.19- ITR-6

MAT Schedule

Special Provision to Company

CDT ( Corporate dividend Tax)detail

Module2.20 Basic Discussion on ITR-7

NGO and Others on Which ITR 1-6 is not Applied

Module 2 - Part B - Advanced TDS Practical Course

Module 2.1 Tax Deducted At Sources

Introduction to TDS

Related and other linked provision

Lower TDS

TDS on Salary (Sec 192)

TDS on Interest (Sec 194A)

Section 195 to be read with Section 9 for Non Resident

TDS on Commission (Sec 194H)

TDS on Professional Services (Sec 194J)

TDS on Rent (Sec 194I)

TDS on Contract (194C)

Other provisions of TDS

Module 2.9 Tax Deducted At Sources

TDS Payment

TDS Return on Taxman Software

TDS return Practice on Cloud computing System

TDS return through Return Prepare Utility (PPT)

Consequences for Non Deposit of TDS

Consequences for Non Filing of TDS Return

TDS demand and resolution

Module 2.10 Tax Deducted At Sources

TRACE online Introduction

Downloading the Conso. File from TRACES

Filing Correction Statement (Challan Mismatch and PAN Mismatch)

Downloading Form 16/16A

Registering DSC on TRACE

Revised Return

Application For TAN

Module 3 - Part A - Finalization of Balance sheet/Preparation of Financial Statement & Banking-by CA

Analysis of Balance Sheet and its components as per Revised Schedule of Companies Act 2013.

Logical Process of preparing balance sheet on Excel of a company registered under companies Act.

An overview of Indian GAAP(Generally Accepted Accounting Principles) and Ind AS and its applicability on Finalization of accounts.

Comparative Analysis of provisions of Depreciation in Income Tax Act and Companies Act.

Bank Reconciliation Statement and its importance for finalization.

Year-end Adjustment entries. (New Topic)

Deferred Tax (New Topic)

Real World demo of Grouping of Heads of income and expenses through trial balance.

Practical demo on linking skill of cells in Excel and preparation Financial Statement on multi excel sheet with its other component.

Financial Analysis (how to read the financial accounts of a Company – important ratio analysis) (New Topic)

Module 3 - Part B - Banking & Finance

Documentation in Finance for CC Limit/OD Limit

Project Reports

CMA Data

Practical Analytical Review of Reports

Stock Statement

LC(Letter of Credit)

Letter of Credit- How to Open the LC

How to Sanction the LC Limit from Bank

Documentation for LC Limit

Ratio Analysis

Bank Guarantee (Usage and Format)

Online Payment of Taxe

Module 4 - Customs / Import & Export Procedures - By Chartered Accountant

Module 4.1

Introduction to export and import

Going through Legal Integration of CBIC,Fema , DGFT and RBI

Foreign Trade Policy-An Introduction

Module 4.2

Basic Procedure to Export and Import

Various Duties Applicable on Import

Concept of CHA and Its Working

Introduction to- Shipping Bill and Bill of Entry

Concept of CHA and Its Working

Module 4.3

Settlement of Consideration through Authorized Dealer

A complete Practical Discussion

Module 4.4

Export Incentive under FTP

Duty Draw Back

Remission of Duty

MEIS

EPCG

Advance Autorisation

Scrips

Module 5 - Part A - Advanced Tally Prime & ERP 9

Module 5.1 – Basic of Tally Prime & ERP 9

What is Tally

Overview of Software

Introducing Gateway and its elements

Creation of Company

Basics Of Accounting

Fundamentals of Tally ERP 9

Create Accounting Masters in Tally ERP 9

Accounting Vouchers

Financial Statements and Accounting Books & Reports

Module 5.2 – Inventory Management- Tally Prime & ERP 9

Creating Inventory Masters in Tally ERP 9

Inventory Vouchers

Generating Inventory Books & Reports

Introducing BOM – Bill of Materials

Accounting with Inventory

Module 5.3 -Accounting Management Through Advanced Tally Prime & ERP 9

Module 3A – Bill –Wise Details

Types of Bill can be created through Tally

Debit Note/Credit note through Tally

Accounting Memos

Module 3B – Accounting Ledgers Details

When to create ledger

Information required while creating ledger

Grouping and sub grouping of Ledger

Importance of tax information in ledger

Module 3C – Cost Centre and Cost Categories

Cost Accumulation/li>

Defined cost unit/li>

Cost Management/li>

Direct Cost Vs Indirect Cost/li>

Module 3D – Voucher Classes

Sale Voucher

Purchases Voucher

Receipt

Payment

Journal Voucher

Others

Module 3E – Multiple Currencies

Module 3F – Interest Calculations

Module 3G – Budget & Controls

Module 3H – Banking

Module 5.4 – Production and Stock Management Tally Prime & ERP 9

Order Processing

Multiple Price Level

Batch – wise Details

Additional Cost Details

Bill of Materials (BoM)

Price Levels and Price Lists

Stock Valuation

Zero Valued Entries

Inventory Analysis

Different Actual and Billed Quantities

Job Costing

Job Order Processing

Module 5.5 – TDS

TDS Payable Computation & Reconciliation/li>

TDS Receivable Computation & Reconciliation/li>

Payment of TDS/li>

Reporting on TDS Compliance/li>

Module 5.6 – Payroll Management in Tally ERP 9

Generation of Employee Database

Salary Structure

Calculation Attendance & Leave Details

Salary Slip Generation

PF, ESI, Gratuity Bonus

Professional Tax

Various Payroll Reports

Module 5 - Part B - Tally Prime & ERP 9 With GST Compliance

Module 5.1 –

Upgrading to Tally.ERP 9 Release 6.4

Start Using Tally.ERP 9 for GST Compliance

Activating GST for Your Company

Setting Up GST Rates

Updating Stock Items and Stock Groups for GST Compliance

Updating a Services Ledger for GST Compliance

Updating Sales and Purchase Ledgers for GST Compliance

Updating Party GSTIN

Creating GST Ledgers

Creating Income and Expense Ledgers

Recording Sales and Printing Invoices

Recording Purchases

Recording a Tax Payment

Transferring Tax Credits of VAT, excise and services tax to GST

Other Scenarios

Sales – Nil Rated, Exempt, SEZ, and Deemed Export

Recording Sales Returns

Recording Purchase Returns

Debit Note

Credit Note

Particulars (Computation Details)

Summary of Exceptions

Table-wise GSTR-1

Challan Reconciliation

Recording Export Sales

Reverse Charge under GST

Recording an Advance Receipt from Customer

Recording an Advance Payment to Supplier

Recording Journal Vouchers for Adjustments Against Tax Credit

Recording a Journal Voucher for TDS Adjustment

Recording a Journal Voucher for TCS Adjustment

Recording a Journal Voucher for Refund of Tax Credit

Recording a Journal Voucher for ISD Credit

Recording a Journal Voucher for Transitional Credit

Recording Journal Vouchers for Other Liabilities

Recording Journal Vouchers for Reversal of Tax Credit

GSTR-1

Returns Summary

Status Reconciliation

Exporting GSTR-1

GSTR – 3B

Annual Return