This topic introduces the basic concepts of taxation and explains how GST and TDS fit into the financial and accounting activities of a business. Learners will understand important terminology, the purpose of indirect and direct taxation, and the basic tax responsibilities businesses may need to manage.
This topic focuses on practical GST activities that businesses commonly deal with, including registration, tax invoices, and input tax credit. Learners will understand the information required in GST documentation and how GST paid on eligible purchases can be considered while determining tax liability.
This topic introduces the practical side of GST compliance by explaining GST return concepts, tax liability calculations, and common records used for reporting. Learners will practice working with sales and purchase figures to understand how GST amounts are determined.
This topic introduces Tax Deducted at Source (TDS), explaining its purpose and how TDS works in common business transactions. Learners will understand the basic roles of the deductor and deductee and practice calculating TDS using practical examples.
This final topic brings together GST and TDS concepts through practical accounting situations. Learners will work with business transactions, identify applicable tax treatments, calculate amounts, and organize the information into a basic taxation record.
Learn about the basic records maintained for TDS, the importance of depositing deducted tax within applicable timelines, and the role of TDS certificates and related documentation in maintaining proper tax records.