Goods & Service Tax (GST) Training – Readymade Accountants

Goods & Services Tax (GST) Training

Financial Analyst

Goods & Services Tax (GST) Training

GST (Goods and Services Tax) training is crucial for professionals involved in accounting, taxation, and finance. This training equips individuals with the necessary knowledge and skills to comply with GST regulations, file returns, and manage tax-related processes efficiently. Practical training in Goods and Services Tax (GST) is essential for understanding the application, compliance, and management of GST in real-world business scenarios.

Readymade Accountants

Course Modules:

01 Introduction to GST

- Overview of GST:
  - Concept and significance
  - Historical background and evolution of GST
  - GST structure: CGST, SGST, IGST, and UTGST
- GST Terminology:
  - Important definitions and terms in GST
  - GST law and framework

02 GST Registration

Eligibility for Registration:
- Who needs to register for GST
- Threshold limits for registration
Registration Process:
- Step-by-step guide to registering on the GST portal
- Documentation requirements
Special Cases:
- Voluntary registration
- Cancellation and amendment of registration

03 GST Invoicing and Documentation

Tax Invoices:
- Mandatory fields and formats
- Time of issue of invoice
Bills of Supply:
- When to issue a bill of supply
Debit and Credit Notes:
- Situations for issuing debit and credit notes

04 GST Returns Filing

Types of Returns:
- GSTR-1, GSTR-3B, GSTR-9, GSTR-4, etc.
Filing Process:
- Detailed process for filing each type of return
- Common mistakes to avoid
Due Dates and Penalties:
- Key deadlines

05 Input Tax Credit (ITC)

Eligibility and Conditions:
- What constitutes eligible ITC
- Conditions to claim ITC
ITC Reconciliation:
- Matching ITC claims with supplier invoices
- Dealing with mismatches
ITC Reversal:
- Circumstances leading to ITC reversal

06 E-Way Bill System

Introduction to E-Way Bill:
- Concept and need for E-Way Bill
- Types of E-Way Bills
Generation of E-Way Bill:
- Step-by-step process
- Validity and extension
Compliance and Documentation:
- Ensuring compliance during transportation

07 E-Invoicing System

- Introduction to E-Invoicing:
  - Concept and need for E-Invoicing
  - Who is required to generate
- Generation of E-Invoicing:
  - Step-by-step process
  - Validity and extension
Compliance and Documentation:

08 GST Payment Process

Payment Mechanism:
- Methods of payment
- Online payment process
Challan Generation:
- Creating and managing challans
Reconciliation of Payments:

09 GST Audit and Assessment

- Audit Procedures:
  - Types of audits under GST
  - Role of auditors and preparation
- Self-Assessment and Provisional Assessment:
  - Procedures and importance
- Scrutiny and Demand:

Start Your Journey to Becoming a GST Expert

Enrolling in the Readymade Accountants Institute’s GST Training Program is an excellent way to acquire the skills and knowledge needed to manage Goods & Services Tax (GST) compliance effectively. This program offers a comprehensive curriculum and practical training approach, preparing you for success in the dynamic field of GST compliance.

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