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Practical Course in Goods and Services Tax with Tally ERP 9
Rating: 4.4 out of 5(876 ratings)
3,147 students

Practical Course in Goods and Services Tax with Tally ERP 9

Learn Tally ERP 9, GST Law,GST Reports in Tally ERP 9,Input Tax Credit,GSTR1 and GSTR3B returns & GSTR9 Annual return.
Created byRanjit Kate
Last updated 10/2024
English
English [Auto],Korean [Auto],

What you'll learn

  • You will learn to work independently and do practice in GST.
  • Understand all aspects of GST law from practical point of view.
  • Do the GST computation and pass variety of GST transaction
  • Create GST reports,adjust input tax credit and make GST payments.
  • Filing of GST returns in GSTR1,GSTR2 and GSTR3B offline and online on GST portal
  • New !!! : GSTR9 Annual return for regular dealer

Course content

8 sections • 78 lectures • 5h 47m total length

  • Course Resources0:01

    You have all the downloadable resources here.

  • Course Walk through5:43
  • Old indirect Tax to GST5:57

    Taxes at the Centre and State level are being subsumed into GST:

    At the Central level, the following taxes are being subsumed:

    1. Central Excise Duty,

    2. Additional Excise Duty,

    3. Service Tax,

    4. Additional Customs Duty commonly known as Countervailing Duty, and

    5. Special Additional Duty of Customs.

    At the State level, the following taxes are being subsumed:

    1. Subsuming of State Value Added Tax/Sales Tax,

    2. Entertainment Tax (other than the tax levied by the local bodies), Central Sales Tax (levied by the Centre and collected by the States),

    3. Octroi and Entry tax,

    4. Purchase Tax,

    5. Luxury tax, and

    6. Taxes on lottery, betting and gambling.

     

  • Old indirect Tax to GST
  • Problems in Old Indirect Tax System6:17
  • Introduction to Goods and Services Tax (GST)5:46
  • Introduction to Goods and Services Tax (GST)
  • GST Registration for regular dealer4:12
  • GST Registration on GST Portal3:22
  • GST Registrations
  • GST Composition Scheme8:20
  • GST number format3:18
  • GST Composition Scheme and number format
  • GST Rates of Goods and Services6:13
  • Levy of GST by Manufacturer3:14
  • GST Levy by Trader2:11
  • GST Levy by Service Provider2:15
  • GST Rates and Levy
  • Place of supply for goods7:24

    Explore how to determine the place of supply for goods under GST, covering intrastate and interstate supplies, IGST applicability, and imports and exports, with practical delivery scenarios.

  • Place of Supply for Services3:46
  • Place of Supply
  • Introduction to Input Tax Credit (ITC)3:39

    Explore the concept of input tax credit (ITC) under GST, including how it interacts with import taxes, and practical implications for manufacturers and taxpayers.

  • Input Tax Credit adjustment example3:16

    Explore an input tax credit adjustment example under the goods and services tax, showing how GST rules affect tax payments and interest calculations.

  • New Rules of Input Tax Credit adjustment from 1st April 2019 - Part15:58

    Explore the revised rules for adjusting GST input tax credit from 1 april 2019, with igst first and flexible apportionment across cgst and sgst liabilities, plus practical examples.

  • New Rules of Input Tax Credit adjustment from 1st April 2019 - Part 23:38
  • Conditions to avail GST Input tax credit3:39
  • Reverse Charge Mechanism under GST5:03

    Explore the reverse charge mechanism under GST, outlining the recipient's liability for services and e-commerce transactions and the shift of tax from supplier to recipient.

  • Input tax credit and Reverse charge mechanism
  • Tax Deducted at Source (TDS) under GST4:09
  • Tax Collected at Source (TCS) under GST3:22
  • E-way bill system under GST5:37

    Explore the e-way bill system under GST, detailing how movement of goods is regulated, required documents such as bill of landing number, and responsibilities for transporters and receivers.

  • GST Return forms5:33
  • TDS,TCS and E Way Bill under GST

Requirements

  • People who are from accounting,finance and commerce background with basic computer skills can take this course.

Description

Practical Course in Goods and Services Tax with Tally ERP 9 focuses on practical aspects of GST Law in India, GST Computation in Tally ERP 9,GST Reports,Input Tax Credit adjustment and Returns in GSTR1 and GST3B also GSTR9 annual return. Courses helps to gain practical knowledge of Tax Computation, Passing tax related transactions, understanding procedures of GST and filing online returns. 

Course covers following topics :

  • GST Law from practical point of view.

  • GST Registrations

  • Passing GST transactions and doing computation in Tally ERP 9.

  • Creating GST reports in Tally ERP 9 and Excel.

  • Input Tax Credit (ITC) adjustment of GST.

  • GST payments on GST portal

  • Return filing of GSTR1,GSTR3B by offline and online on GST Portal.

  • New !!! GSTR9 annual return for regular dealer.

  • Understanding GST portal functionalities.

Who should do the course :

  • Freshers and experienced people who want to advance career in taxation.

  • People who want to be independent practitioners  of GST.

  • Businessmen and women who want to take care of GST returns on their own.

Course Curriculum:

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) Input tax credit,Reverse charge mechanism,TDS and TCS under GST.

2.GST online returns,payments and registration::

GST return filing in GSTR1,GSTR2 & GSTR3B online as well as offline,GST online payments.GST online registrations.

3.Old taxation to GST::

Migrating from Excise,VAT,CST,Service Tax etc to Goods and Services Tax(GST).

4.GST Implementation in Tally ERP 9::

Implementation of GST in Tally ERP 9 to generate correct reports of GST.Accurate creation of Accounts, Inventory,Tax,Purachase,Sales,Party masters.

5.GST Computation in Tally ERP 9:

Doing GST computation in detail. Passing Sales,Purchase, Interstate transactions, Advances booking, TDS under GST, Expenses booking, reverse changetransaction etc.

6.GST Reporting:

Creation of GSTR1,GSTR2 and GSTR3B reports,Input tax credit reports in Excel.

7.GST Input Tax credit (ITC) adjustment:

reparation ITC adjustment report in Excel,Adjusting credits as per ITC rules and finding tax payable.

8.GST online returns,payments and registration:

GST return filing in GSTR1,GSTR2 & GSTR3B online as well as offline,GST online payments.GST online registrations.

Who this course is for:

  • All freshers or experienced people who want to gain the practical knowledge in Goods and Services Tax required for job in accounts and taxation.
  • People who want to work as GST Consultant.
  • Businessmen who want to learn GST and GST return filing.

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