Basics of Statutory Compliance and Taxation (Coursera)

By the end of the course, you will be able to:

- Apply the concept of goods and services tax (GST)

- Configure tax deducted as source (TDS)

- Manage business data

- Manage data across companies

No prior experience in bookkeeping is required. To be successful in this course, you should have completed the first two courses in this program, Fundamentals of Accounting and Reporting (course 1) and Principles of Accounts Payable and Receivable Management (course 2), or have the equivalent skills and knowledge.

Course 3 of 3 in the Tally Bookkeeper Professional Certificate.

Syllabus

WEEK 1

Goods and Services Tax (GST)

At the end of the module, Goods and Services Tax, you will be able to…

• Explain the concept of GST, and its tax Structure • Describe the GST structure in detail, explain the regular & composition dealer registration -threshold limit. • Explain the HSN code/SAC code • Describe GST Rate structure and express the importance of Supply of Goods and Services. • Determine the charges of the tax and the taxable jurisdiction where tax should reach. • Explain the rules and aspects of invoicing including when a tax invoice must be issued. • Activate GST for a company and configure tax rate at different levels • Record GST compliant transactions • Generate E-way Bill Report • Generate GST Returns, e-invoice and also file GST returns accurately • And Record GST Compliant transactions for Composition Dealer under GST Regime

WEEK 2

Tax Deducted at Source (TDS)

At the end of the module Tax Deducted at Source, you will be able to:

• Activate and maintain TDS in Tally • Configure TDS at different levels • Record different types of TDS transactions like accounting of expenses, accounting of expenses partly subjected to TDS • Account multiple expenses and deduct TDS later • Record TDS payment transaction to government and generate TDS reports and challans, and file e-TDS Returns.

WEEK 3

Management of Business Data

At the end of the module Management of Business Data, you will be able to:

• Export the data in available formats such as XML, Excel, PDF etc. • Export and Import of data from one company to another company • Extract the data with the help of Open Database Connectivity (ODBC) feature of Tally • Print company logo on Vouchers, Invoices & Reports

WEEK 4

Moving to the Next Financial Year

At the end of the module Moving to the Next Financial Year, you will be able to:

• Export the data from one company to another company • Demonstrate the meaning and complete process involved in splitting the company data • Create a new company for maintaining the books of accounts for the new financial year • Create group company by consolidating the member companies’ data. • Generate the comparative final accounts reports of multiple companies in a single page.