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SYLLABUS
UNIT–I
INTRODUCTION TO GST Introduction – GST – Taxes Subsumed under GST – Determination of Tax – Registration – Process of Registration – Cancellation and Renovation of Registration – Supply of Goods and Services – Transition to GST – Registered Business – Availed Input Tax Credit – Unavailed CENVAT Credit and Input VAT on Capital Goods – Availing the Input Credit held in Closing Stock – Invoicing – Tax Invoice – Bill of Supply – Credit Note, Debit Note and Supplementary Invoice – Transportation of goods without issue of Invoice – Input Credit Mechanism – Input Tax – GST Returns – Payment of Tax.
UNIT–II
GETTING STARTED WITH GST Introduction – Enabling GST and Defining Tax Details –Transferring Input Tax credit to GST – Intrastate Supply of Goods – Intrastate Inward Supply – Intrastate Outward Supply – Interstate – Interstate Outward Supply – Return of Goods – Purchase Returns – Sales Returns – Supplies Inclusive of Tax – Defining Tax Rates at Master and Transaction Levels – Defining GST Rates at Stock Group Level – Defining GST Rate at Transaction Level – Hierarchy of Applying Tax Rate Details – Reports.
UNIT–III
RECORDING ADVANCED ENTRIES, GST ADJUSTMENT AND RETURN FILING Introduction – Accounting of GST Transactions – Purchases from Composition Dealer – Purchases from Unregistered Dealers – Exports – Imports – Exempted Goods – SEZ Sales – Advance Receipts and Payments – Mixed Supply and Composite Supply under GST – Mixed Supply of Goods – Composite Supply of Goods – GST Reports – Generating GSTR – Report in ERP – Input Tax Credit Set Off – GST Tax Payment – Time Line for Payment of GST Tax – Modes of Payment – Challan Reconciliation – Exporting GSTR – Return and Uploading in GST Portal.
UNIT–IV
GETTING STARTED WITH GST (SERVICES) Introduction – Determination of Supply of Services –Determining the Place of Supply of Services – Enabling GST and Defining Tax Details – Transferring Input Tax Credit to GST – Intrastate Supply of Goods – Intrastate Inward Supply – Intrastate Outward Supply – Interstate Supply – Interstate Outward Supply – Interstate Inward Supply – Interstate Outward Supply of Services – Cancellation of Services – Cancellation of Inward Supplies – Cancellation of Outward Supply of Services – Defining Tax Rates at Master and Transaction Levels.
UNIT–V
RECORDING ADVANCED ENTRIES AND MIGRATION TO ERP Introduction – Accounting Multiple Services in a Single Supply – Recording Partial Payment to Suppliers – Outward Supplies – Recording Outward Supply with Additional Expenses – Supply of Services – Business to Consumers – Time of Supply of Services – Place of Supply of Services – Determining Place of Supply of services – Exempt Supply of Services under GST –Export Supply of Services – Reverse Charge on Services under GST – Advance Receipts from Customers under GST – Advance Receipt and Issuing Invoice on Same Month – Advance Receipt and Issuing Invoice on Different Month – Reversal of GST on Account of Cancellation of Advance Receipt – Generating GSTR– Report in ERP – Input Tax Credit Set Off – Migration to ERP – Activate Goods and Services Tax (GST) in ERP – Set up GST Rates – Update Masters – Update Party GSTIN/UIN – Creation of GST Duty Ledgers.
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CategoriesArts and Science
Format PDF
TypeeBook