TAXATION & STATUTORY COMPLIANCE PRACTICAL

Module 1- Basic Concepts of Income Tax

1. Tax Planning for Employees (Salary)
2. House Property
3. PGBP (Business income)
4. Capital gain
5. Other Sources
6. Online Filling of Income Tax Returns ( for Individual, Firms, LLP, Company)
7. Refund Process
8. Assessment Procedure
9. TDS & Advance Tax
10. Online Filling of TDS Return

Module 2 - Basic Concept of GST

1. Introduction of CGST, SGST and IGST
2. Central Goods and Services Tax
3. State Goods and Services Tax

Module 3 - Levy Of, and Exemption From, Tax

1. Levy and Collection of Central / State Goods and Services Tax
2. Composition Levy
3. Taxable Person
4. Power to grant exemption from tax
5. Remission of tax on supplies found deficient in quantity

Module 4 - Registration

1. GST Registration
2. Special provisions relating to casual taxable person and non-resident taxable person
3. Amendment of registration
4. Cancellation of registration
5. Revocation of cancellation of registration

Module 5 - Time and Value Of Supply

1. Meaning of supply
2. Time of supply of goods
3. Time of supply of services
4. Place of Supply
5. Change in rate of tax in respect of supply of services
6. Value of taxable supply

Module 6 - Input Tax Credit

1. Transfer of input tax credit
2. Manner of taking input tax credit
3. Taking input tax credit in respect of inputs sent for job work
4. Manner of distribution of credit by Input Service Distributor
5. Manner of recovery of credit distributed in excess

Module 7 - Payment of Tax

1. Payment of tax, interest, penalty, and other amounts
2. Interest on delayed payment of tax
3. Tax deduction at source

Module 8 - Returns

1. Furnishing details of outward supplies
2. Furnishing details of inward supplies
3. Tax Return Preparers
4. Online Returns
5. Claim of input tax credit and provisional acceptance there of matching
6. Reversal and re-claim of input tax credit matching
7. Reversal and re-claim of reduction in output tax liability Annual return
8. Final return
9. Levy of late fee

Module 9 - 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 10 - Accounts And Records

1. Accounts and other records
2. Period of retention of accounts
3. Collection of tax at source
4. Special procedure for removal of goods for certain purposes

Module 11 - Assessment And Audit

1. Self-assessment
2. Self-assessment
3. Scrutiny of returns
4. Assessment of unregistered persons
5. Summary assessment in certain special cases
6. Audit by tax authorities
7. Special audit