Tax Practitioner Course
Academic system of Accounting (Journals – Ledger system)
Basic Principles of Accounting – Journalizing – Ledger Posting – Balancing Preparation of Trail Balance and finalization of accounts such as preparation of Trading account, profit and loss Account and Balance Sheet.
PRACTICAL ACCOUNTING
- Day Book- Ledger system of Accounting
- Cash Book – Subsidiary Book – Ledger System.
Day Book- Ledger system of Accounting
Recording entries in the Day Book – Posting to Ledger Accounts – Balancing, Preparation of Trail Balance, Schedules for Purchases, Sales, Sundry Debtors, Sundry Creditors, Closing Stock etc… Valuation of Closing Stock in different ways Preparation of Final Accounts such as Trading Accounts, Profit and Loss Account and Balance sheet.
Preparation and submission of all Legal documents and statements to produce before the Tax Authorities for getting Tax exemption, deduction refund and reimbursement of Taxes.
Cash Book – Subsidiary Book – Ledger system
This system of practical accounting is followed by large scale organization having different departments like purchase department, Sales department, Cash department etc… and a group of accountants are working in different departments Preparation of Cash Book – Purchases Day Book – Sales Day Book – Purchases Returns Book – Sales Returns Book – Bills Receivable Book – Bills Payable Book and a Journal Proper. General Ledger – Debtors Ledger – Creditors Ledger Purchases Register – Sales Register – Cheque Receivable Register – Cheque Payable Register Preparation of Schedules -Trail Balance – Computation of Stock , Depreciation – Bad debts – Provision and Reserve for Bad debts and discounts etc. Preparation of Final Accounts.
Intensive study of K.V.A.T Act and Rules
Total Turnover – Registerable minimum turnover – Taxable minimum turnover – VAT dealer – Presumptive tax Dealer – Compound tax dealer – Section viz analysis of VAT – Definition of Input tax – Output tax – Reverse tax – Empowered Committee – Books of Accounts – Dealer – Total turnover – Taxable turnover – Commercial Tax Authorities – Appellate Tribunal – Charging section – Schedules – Forms – Input tax credit – Tax refund – Tax Reimbursement – Registration – filing of VAT returns – Assessment –
Appeal to D.C, Appellate Tribunal and High court etc…
KGST
General awareness of KGST Act and Rules – Historical data – need for the introduction of VAT system in India Problems in KGST – Single point tax – point of levy – Schedules in KGST - ST, AST, Surcharge, Forms
CST
Detailed study of CST Act and R & T Rules
CST Registration – Inter – State transactions – use of Forms like ‘C’Form, ‘D’ form ‘E1’form, ‘E11’ form , ‘F’ form, ‘H’ form etc…
SERVICE TAX
Act and Rules – Taxable Services – Rate of ST – EC – HEC – Collection – Payment Refund of Tax – Case Laws etc…
INCOME TAX
Detailed study of Income Tax – Assesses – Assessment year- Previous year Resident – non- resident – Taxable Income – All Heads of Income – Filing of returns etc…
ESI and PF
Application of these Act and Rules in accounting to make it ‘Practical Accounting’.
Preparation of Accounts Of different types of Institutions
- Preparation of accounts of a Trading Institution based on Tribunal and High Court Judgments
- Preparation of records of Non-Trading Institution.
- Preparation of Accounts of Manufacturing Institution
- Calculation of Cost of Production, Fixation of selling Price, Preparation of Stock Registers of Raw materials, work- In Progress and finished products , Preparation of manufacturing account, Trading account profit and Loss Account and Balance sheet. Preparation of Accounts of Financial Institution. Application of K.M.L Act and Rules and its application. Preparation of accounts of Jewellerry dealers. Calculation of Cost of Production of Gold and Silver articles.
- Preparation of Day Book, Ledger and Final Accounts relating to Jeweler bringing old assets and liabilities in the account.
- Preparation of project report for getting O D (over draft) from Banks.
TALLY 9
Eligibility – B.Com & Above.
Total Fee – Rs. 14,615 (Including ST)
On Admission – Rs. 7,000 (Balance in 2 monthly installment)
Duration for Regular Batch – 4 Months
Duration for Sunday Batch – 6 Months