Learn GST ITR TDS
Practically in one Course

GST was introduced in 2017 in India with the aim to simplify the indirect taxation structure in india. GST is one of the biggest reform in India. With the objective of “One Nation” and “One Tax” GST is one of the key revenue source for government. in this session we have discuss the basic concepts of GST. 

• Concept of GST in India
• Need for GST in India
• Framework of GST
• GST Council

1. • Concept of supply
   • Composite and mixed Supply
   • Taxability of composite & mixed Supply

1. • Extend & Commencement of GST
   • Charge of GST
   • Levy & collection of GST
   • GST on e commerce

1. • Composition levy for traders & manufactures
   • Composition levy for restaurant services
   • Composition levy for other services

1. • RCM on goods
   • RCM on Services
   • RCM from unregistered purchase

1. • Exemptions of goods from GST
   • Exemption of services from GST

1. • TOS in case of Goods
   • TOS in case of Services
   • TOS in case of RCM

1. • Calculation of value of goods and service in GST
   • Valuation Rules for goods and services

1. • POS of goods within India
   • POS of services within India
   • POS of goods outside India
   • POS of services outside India

1. • Concept is ITC in GST?
   • Sec 16 Eligibility & Conditions for ITC
   • Clause (aa) of sec 16(1) added by FA 2021
   • Summary of sec 16
   • Sec 17 apportionment & Block Credits
   • Sec 17(5) Block Credits in GST
   • Rule 42 apportionment of input & input services
   • Rule 43 apportionment of capital goods
   • Sec 18 ITC in special circumstances
   • Sec 18(1)(a) ITC availment in case of mandatory registration
   • Sec 18(1)(b) ITC availment in case of voluntarily registration
   • Sec 18(1)(c) ITC availment from composite levy to regular
   • Sec 18(1)(d) ITC availment from exempt to taxable supply
   • ITC Forms in GST
   • Remaining provisions of sec 18
   • Sec 18(6) Supply of capital goods or plant and machinery
   • Sec 19 ITC on input or capital goods on goods send for Job work
   • Sec 20 ITC distribution by ISD
   • Recovery of ITC from ISD
   • List of sections and rules related to ITC
   • Rule 36(4) 5% provisional ITC
   • Manner and utilization of ITC
   • Rule 86A Condition of use of electronic credit ledger
   • Rule 86B Restriction on use of electronic credit ledger
   • How scam and bill treading happen in GST

1. • Tax Invoice provisions and rules
   • Debit note and Credit note provisions
   • e invoicing

1. • Concept of taxable person
   • Person liable for GST registration
   • Procedure for registration
   • Cancellation of registration
   • Practical session on GST Registration

Documents required for GST Registration

1. • Self assessment in GST
   • Provisional assessment in GST
   • Scrutiny of returns
   • Assessment of non filers of GST returns
   • Assessment of unregistered person
   • Summary assessment in GST
   • Audit by authorities
   • Special Audit

• • Power of inspection, search & seizure
  • inspection of goods in movement
  • Power to arrest
  • Power to summon
  • Access to business premises
  • Officers to assist proper officers

1. • Determination of Tax under section 73
   • Determination of Tax under section 74
   • Tax collected but not deposited
   • Recovery proceedings
   • Transfer of property to be void
   • Tax to first charge on property
   • Provisional attachment to protect revenue interest

1. • Appeals to Appellant Authority
   • Powers of Revisional Authority
   • Appellant tribunal under GST
   • Mandatory deposit of pre deposit
   • Procedure of additional evidence before Appellant Authority
   • Appeal to High Court
   • Appeal to Supreme Court
   • Appeal not to be file in certain cases

1. • Question for which Advance ruling can be sought
   • AAR and AAAR
   • Procedure for obtain Advance Ruling
   • Rectification of mistake
   • Advance ruling to be void in certain cases

1. • Overview of GSTR 1
   • Overview of GSTR 2A
   • Overview of GSTR 2B
   • Difference between GSTR 2A and 2B
   • Overview GSTR 3B
   • Overview of GSTR 4
   • Overview of CMP 08
   • Overview of GSTR 5
   • Overview of GSTR 6
   • Overview of GSTR 7
   • Overview of GSTR 8
   • Overview of GSTR 9 (Annual Return)
   • Overview of GSTR 9C
   • Overview of GSTR 10 (Final Return)

1. • Overview of GST Portal
   • How to search HSN Code?
   • How to verify GSTIN?

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1. • FAQ on IFF Filing
   • Understand the IFF Tables
   • Filing of IFF

GSTR-1 is a monthly or quarterly return that should be filed by every registered GST taxpayer, except a few as given in further section. It contains details of all outward supplies i.e sales. The return has a total of 13 sections, listed down as follows:

• Tables 1, 2 & 3: GSTIN, legal and trade names, and aggregate turnover in the previous year
• Table 4: Taxable outward supplies to registered persons (including UIN-holders) excluding zero-rated supplies and deemed exports
• Table 5: Taxable outward inter-state supplies to unregistered persons where the invoice value is more than Rs.2.5 lakh
• Table 6: Zero-rated supplies as well as deemed exports
• Table 7: Taxable supplies to unregistered persons other than the supplies covered in table 5 (net of debit notes and credit notes)
• Table 8: Outward supplies that are nil rated, exempted and non-GST in nature
• Table 9: Amendments to outward supplies that are taxable and reported in table 4,5 & 6 of the earlier tax periods’ GSTR-1 return (including debit notes, credit notes, refund vouchers issued during the current period)
• Table 10: Debit note and credit note issued to unregistered person
• Table 11: Details of advances received or adjusted in the current tax period or amendments of the information reported in the earlier tax period.
• Table 12: Outward supplies summary based on HSN codes
• Table 13: Documents issued during the period.

In this lesson we have discuss below points in detail

1. • Understand Tables of GSTR 1
   • How to enter B2B supply in GSTR 1
   • How to enter B2C supply in GSTR 1
   • How to enter debit note and credit note
   • How to enter export invoices
   • HSN wise reporting in GSTR 1
   • Document wise reporting in GSTR 1
   • Use of offline tool for GSTR 1 Filing
   • Prepare JSON file for offline GSTR 1 Filing
   • Errors in JSON preparation
   • Filing of GSTR 1

1. • How to arrange data
   • Using Excel for Reconciliation
   • Identify the default supplier in Excel
   • Follow up with suppliers

1. • Understand tables of GSTR 2A Statement
   • Understand tables of GSTR 2B Statement
   • Difference between GSTR 2A & GSTR 2B
   • Analysis of GSTR 2A & GSTR 2B on GST Portal

1. • Understand Tables of GSTR 3B
   • Supplies to be enter under table 3.1
   • Supplies to be enter under table 3.2
   • ITC to be claim in table 4
   • Reversal of ITC in GSTR 3B
   • Challan preparation and payment on GST Portal
   • Setoff GST liability
   • Filing of GSTR 3B

• Points to remember for quarterly 3B
• Understand Tables of GSTR 3B
• Supplies to be enter under table 3.1
• Supplies to be enter under table 3.2
• ITC to be claim in table 4
• Reversal of ITC in GSTR 3B
• Challan preparation and payment on GST Portal
• Setoff GST liability
• Filing of GSTR 3B Quarterly

• Learn to prepare data for GST Filing
• Use of Excel for data preparation
• Classification of taxable, zero rated and exempt supply
• Classification of eligible and ineligible ITC
• ITC set off provisions and its application in computation
• Application of Rule 36(4)
• Mapping GSTR 2B and Book ITC data
• Finalizing data for GST Returns

• Understand applicability of GSTR 9
• Understand time limit to file GSTR 9
• Data required to file GSTR 9
• Understand all tables of GSTR 9
• Adjustments required in GSTR 9
• Payment of Tax through DRC 03
• Filing of GSTR 9

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• Understand applicability of GSTR 9C
• Self Certification update by FA 2021
• Documents required to file GSTR 9C
• Points to be reconcile in GSTR 9C
• Difference between Gross Turnover and Taxable Turnover
• Payment of unreconciled amount through DRC 03
• Filing of GSTR 9C along with balance sheet and PnL

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• Amazon, Flipkart, Meesho Sellers GST Computation
• TCS computation
• Filing GST TCS Return
• Filing GSTR 1 and GSTR 3B for online sellers

• Filing application for GST Cancellation GST REG 16
• Time limit for approval of application
• Filing of GSTR 10

1. Intro to e invoice
2. GePP Tool for generating e invoice
3. Overview and limitation of GePP tool for e invoicing
4. Add Supplier Master in GePP tool
5. Add Recipient Master in GePP tool
6. Add Product Master in GePP tool
7. Filing Data for e invoicing in GePP tool
8. Generating JSON file from GePP tool
9. How to generate IRN and e invoicing
10. How to cancel e invoice
11. Time limit for cancelling e invoice
12. Bulk IRN generation in Excel Utility
13. Bulk e invoice generation Format A
14. Bulk e invoice generation Format B
15. Bulk e invoice generation Format C
16. Bulk e invoice generation Format D
17. Generating Bulk e invoice through Format A
18. Validating and Preparing JSON in Form A for e invoicing
19. Bulk e invoicing cancellation

• Overview of Income Tax & Direct Tax
• Important definitions
• Finance Act 2021 Analysis
• Previous Year and Assessment Year
• Charge of Income Tax
• Types of Assessee
• Rate of Tax for different assessee
• Surcharge, Health & education cess
• Gross Total Income & Total Income
• Rebate of (Sec 87A)

• Basis Conditions for Resident
• Additional Condition for Resident and Ordinary Resident
• Non Resident and Resident but not ordinary resident
• Deemed Resident
• Scope of Total Income

• Basis of Charge (Sec 15)
• Different type of allowances
• HRA Calculation [Sec 10(13A)]
• Calculation of Salary in Arrear
• Calculation of Pension
• Calculation of Gratuity
• Calculation of Leave Encashment
• Calculation of Provident Fund as updated by FA 2021
• Overview of Forms related to Salary
  • Form 10E Filing – Arrear of Salary
  • Overview of Form 24Q -TDS Return for Salary
  • Form 16 – TDS Statement
  • Form 12B – Details of income from previous employer
  • Form 12BA – Statement of perquisites
  • Form 12BB – Particulars of deduction claims by employee
• Valuation of perquisites
  • Valuation of Rent Free Accommodation (RFA)
  • Valuation of Motor Car Facility
• ITR Filing by Pensioners as updated by FA 2021

• Chargeability (Sec 22)
• Condition of Chargeability
• Composite Rent
• Deemed Let out Property
• Determination of Annual Value (Sec 23)
• Deduction from Annual Value (Sec 24)
  • Standard Deduction
  • Interest on Loan
• Unrealized rent treatment
• Deemed ownership

• Chargeability (Sec 28)
• Method of Accounting
• Income computation & disclosing standards (ICDS)
• Speculative Business & Specified Business
• Calculation of Depreciation
• Admissible Deduction (Sec 30 to 37)
• Inadmissible deduction (Sec 40)
• Maintenance of Accounts (Sec 40AA)
• Audit of Accounts (Sec 44AB)
• Presumptive Taxation (Sec 44AD, 44ADA, 44AE)

• Capital Asset
• Period of Holding
• Short Term & Long Term capital gain
• Transfer [Sec 2(47)]
• Scope & Chargeability (Sec 45)
• Capital Gain on assets distribution by companies in liquidation (Sec 46)
• Capital Gain on buy back of shares (Sec 47A)
• Mode of computation of Capital Gains (Sec 48)
• Ascertainment of Cost in special circumstances (Sec 49)
• Cost of acquisition (Sec 55)
• Cost of improvement  (Sec 55)
• Capital Gain on depreciable asset (Sec 50)
• Capital Gain on Slump Sale (Sec 50B)
• Deemed Full value consideration
• Advance money receive
• Exemption of capital gain
• Reference to valuation officer
• Tax on STCG on equity or equity oriented mutual fund (Sec 111A)
• Tax on LTCH on equity or equity oriented mutual fund (Sec 112A)
• Tax on Long term capital gain (Sec 112)

1. • Chargeability (Sec 56)
   • Tax rate on casual income (Sec 115BB)
   • Deduction allowed (Sec 57)
   • Deduction not allow (Sec 58)
   • Deemed income chargeable to tax (Sec 59)
   • Method of Accounting (Sec 145)

• Aggregation of Income
• Concept of set off & carry forward of losses
• Inter source adjustment (Sec 70)
• Inter head adjustment (Sec 71)
• Carry forward and set off loss from house property (sec 71B)
• Carry forward and set off Business loss (Sec 72)
• Loss in speculative business (Sec 73)
• Carry forward & set off of losses of specified business (Sec 73A)
• Losses under the head Capital Gain (Sec 74)
• Order of set off of Losses
• Submission of return of loss (Sec 80)

• General provisions
• Deduction in respect of payment
• Deduction in respect of certain income
• Deduction in respect of other income

1. • Tax Planning, Tax evasion & Tax avoidance
   • Tax planning in respect of Salary income
   • Tax planning in respect of business
   • General Anti-avoidance Rules

• Understand Disallowance of Cash Expenditure under Section 40A
• Understand sec 194N, TDS on cash withdrawal from Bank
• Learn about the SFT Significant Financial Transactions/High-Value Transactions
• Understand the section 285BA along with Rule 114E for High-Value Transactions

• Overview of New Income Tax Portal
• How to register on Income Tax Portal
• How to reset password
• Overview of Form 26AS
• Overview of Annual Information Statement (AIS)
• How to give feedback in AIS
• Overview of TIS
• Interlinkage between AIS, TIS & ITR

• Eligibility to file ITR 1
• Documents need to file ITR 1
• Overview of ITR 1 Form
• Excel Computation for ITR 1
• Online ITR 1 Filing

• Eligibility to file ITR 2
• Documents need to File ITR 2
• Excel computation of ITR 2
• ITR 2 Filing with offline utility
• Preparing JSON & uploading on protal

• Finalizing Balance sheet & PnL for ITR Filing
• Computing income under the head PGBP
• Computation of Depreciation schedule
• Reconcile Form 26AS, AIS & Books
• Computing income under the head Capital Gain.
• Computation of Tax Payable
• How to prepare challan for self assessment tax.
• ITR 3 Filing with offline utility
• Preparing JSON & uploading on portal

• Eligibility to file ITR 4
• Presumptive Taxation
• Online ITR 4 Filing

• Finalizing Balance sheet & PnL for ITR Filing
• Computing income under the head PGBP
• Computation of Depreciation schedule
• Reconcile Form 26AS, AIS & Books
• Computing income under the head Capital Gain.
• Computation of Tax Payable
• How to prepare challan for self assessment tax.
• ITR 5 Filing with offline utility
• Preparing JSON & uploading on portal

• Finalizing Balance sheet & PnL for ITR Filing
• Computing income under the head PGBP
• Computation of Depreciation schedule
• Reconcile Form 26AS, AIS & Books
• Computing income under the head Capital Gain.
• Computation of Tax Payable
• How to prepare challan for self assessment tax.
• ITR 6 Filing with offline utility
• Preparing JSON & uploading on portal

Basics of TDS

• Sec 192 TDS on Salary Computation
• Sec 194C TDS on Contract
• Sec 194D TDS on insurance commission
• Sec 194H TDS on commission and Brokerage
• Sec 194I TDS on Rent
• Sec 194J TDS on Professional & Technical Services
• Sec 194O TDS on E comm transactions
• Sec 194Q TDS on Purchase of Goods (by FA 2021)
• Sec 206AB Higher Rate of TDS from 1 July 2021
• Sec 194S TDS on Virtual Assets
• Sec 194R TDS on Benefit & Perquisites
• Sec 206C(1H) TCS on Sales of Goods
• Sec 206C(1H) Practical FAQ

TDS return for Salary

TDS Return other than Salary

TCS Return Filing

• All Budget 2022 Updates