Accounts & Taxation Practical Training

Module 1- Balance Sheet Finalization — By Chartered Accountant

1. Passing Routine and Book Closure Entries in Tally ERP 9
2. Preparation of Bank Reconciliation Statement (BRS) in Tally ERP 9
3. Preparation of P & L Balance Sheet as per Schedule III of Companies Act, 2013.

Module 2 - Finance- By Chartered Accountant

1. Ratio Analysis
2. Preparation of Fund Flow Statement and Cash Flow Statement
3. Working Capital Management

Module 3 - Banking- By Chartered Accountant

1. Financial Instruments
2. Bank Guarantee
3. CC/OD
4. L/Cs

Module 4 - Payroll Processing- By Chartered

1. Accountant
2. Monthly Payroll Processing
3. PF Computation, ECR Prepare, Online Filing, Generate Chalan, TRRN and Online Payment
4. ESI Computation, MCS Prepare & Online Filing, Online Challan Payment and Return (Form 5)
5. TDS on Salary, Return Form 24Q

Module 5 - Labour Law - By Chartered Accountant

1. Definition
2. Different clauses
3. Procedure to be followed
4. Register to be maintained

Module 6 - Taxation - By Chartered Accountant

1. Income Tax
a) Income Tax Computation
b) Taxability of Different Allowances and Perquisites
c) Deductions (Tax Savings) under Chapter VI A
d) E-Filing TDS on Salary, Return Form 24Q and Online Challan 281
e) E-Filing ITR and Online Challan 280

2. TDS on Non Salary
a) Accounting for TDS Receivable and Payable in Tally ERP 9
b) TDS Rates and E-Payment of Online Challan 281
c) Filing TDS Return Form 26Q
d) Checking of Form 26AS
e) Procedure of Form 15CB and 15CA

Module 7 - Basic of GST overview of model GST law

1. Basics of GST
2. Important Definitions. (Section 2)
3. Impact of GST
4. Benefits/ Demerits
5. Different Rates of GST

Module 8 - Levy and Collection of Goods & Services Tax

1. Levy of GST, Forward Charge Mechanism and Reverse Charge Mechanism (RCM)
2. Meaning and Scope of Supply
3. Composite & Mixed Supply
4. Zero Rated Supply
5. Power to grant exemption from tax

Module 9 - Place of Supply

1. Place of supply of goods other than supply of goods imported into, or exported from India
2. Place of supply of goods imported into, or exported from India
3. Place of supply of services where location of supplier and recipient is in India
4. Place of supply of services where location of supplier or location of recipient is outside India

Module 10 - Time And Value Of Supply

1. Time of supply of goods
2. Time of supply of services
3. Change in rate of tax in respect of supply of services
4. Value of taxable supply

Module 11 - GST Tax Invoice, Credit and Debit Notes

1. Tax invoice
2. Amount of tax to be indicated in tax invoice and other documents
3. Credit and debit notes

Module 12 - GST Registration under Model GST Law with GST Rules & Formats

1. Persons required to be registered
2. Exemption from Registration
3. Persons required to be compulsory registered (No Turnover Limit Allowed)
4. Special provisions relating to Casual Taxable Person & Non-Resident Taxable Person
5. Registration Procedure under GST (Practically on GST Portal with Real Registration)
6. Forms for GST Registration REG-01 to REG-29
7. Application, Acknowledgment and Certificate (GST RC)
8. Amendment in Registration
9. Cancellation of Registration
10. Revocation of Cancellation of Registration

Module 13 - Input tax credit (ITC) with GST Rules

1. Eligibility & Conditions for taking ITC
2. Claim of input tax credit and provisional acceptance there of Matching
3. Manner of Taking Input Tax Credit (Utilization of ITC)
4. Blocked ITC
5. Availability of ITC in Special Cases
6. Reversal and Reclaim of ITC
7. ITC for Job Work
8. ITC Distribution by ISD

Module 14 - Return under GST with GST rules and formats

1. Return filling System under GST
2. Return Filling Rules with Practical Procedure on GST Portal with Real Assignments
3. Filling of GST Return for Regular Person (GSTR 3B & GSTR 1)
4. Filling of GST Return for Composite Person (GSTR 4)
5. Filling of GST Return For Non-Resident Taxable Person (GSTR 5)
6. Filling of GST Return for ISD (GSTR 6)
7. Filling of GST Return for TDS (GSTR 7)
8. Filling of GST Return for TCS (GSTR 8)
9. Annual Return GSTR-9, GSTR-9A, GSTR-9B and GSTR-9C
10. Reconciliation of ITC with GSTR 2A
11. Consequences of not filing GSTR-9
12. Notice to Return Defaulters
13. Levy of Late Fee
14. Final return

Module 15 - Payment Of Tax

1. Payment of tax, interest, penalty, and other amounts
2. Interest on delayed payment of tax

Module 16 - E-way Bill

1. Intro of E-Way Bill System
2. Prerequisite for generation of E-Way Bill
3. Generation login id password on E-Way Bill portal
4. E-Way Bill Generation for Sale, purchase – goods sent for repairs, job work, sales return, purchase return, imports and exports
5. Transactions with unregistered dealers etc
6. Updating E-Way Bill in case of change in conveyance, Breakdown of conveyance
7. Validity of E-Way Bill
8. Reporting under E-way Bill

Module 17 - Refund with GST Rules

1. Refund of Tax (Section-54)
2. Refund in Certain Cases (Section-55)
3. Interest on Delayed Refunds (Section-56)
4. Consumer Welfare Fund (Section-57)
5. Utilization of Fund (section-58)

Module 18 - GST Assessment and Audit

1. Self-assessment
2. Scrutiny of return
3. Summary assessment in certain special cases
4. Audit by tax authorities
5. Special audit

Module 19- Tax Collection at Source – E Commerce (Section 52)

Module 20- Tax Deduction at Source (Section 51)

Module 21- Special Provision for Job Worker

Module 22- Composition Levy under Section 10 & Quarterly Return GSTR-4

Module 23- Accounting for GST in Tally