Free GST Accounts Assistant Course (6Months)

GST Accounts Assistant:

Brief Job Description:

The person appointed by any company, is responsible for maintaining records of accounts for the purpose of making preparing periodic reports around GST from time to time. He is authorized to perform fuctions relating to filling returns by the applicable due dates.

Personal Attributes: The individual needs to have excellent understanding of accounting processes. In addition to having problem solving skills, the individual must be self driven and organized with his work and act with integrity when performing multiple tasks for the organization.

Identifying GST Taxable Event:

Recognize the applicability of GST

PC1. Recognise the applicability of SGST, CGST and IGST
PC2. Define the concept of supply.
PC3. Differentiate between taxable and non-taxable supply in GST Accounts Assistant

Incidence of Taxation

PC4. Define the taxable event with respect to supply of goods
PC5. Identify the place of supply so as to decide the applicability of the tax
PC6. Define what is meant by location of supplier of goods in GST Accounts Assistant

Organizational Context

KA1. Company’s reporting structure
KA2. Individual’s role in process flow
KA3. Company’s policies, standard operating procedures and governance structure
KA4. Action taken in case of breach of defined procedures/work instructions
KA5. Company’s personnel management and incentive rules of GST Accounts Assistant
KA6. Clients and suppliers of the company
KA7.The products/services the company deals in.
KA8.Different accounting system/procedure/processes that are followed by the company
KA9.Organizational guidelines for dealing with different types of receipts and payments.
KA10.Company’s policies regarding the mode of receipts.
KA11.Processes and methods of collections and payments to different customers/suppliers

Technical Knowledge

KB1. Basic Accounting principles of GST Accounts Assistant
KB2. Accounting concepts and techniques for recording transactions
KB3. Financial concepts such as calculation of interest
KB4. Concept of GST
KB5. How different taxes will subsume under GST.
KB6. Applicability of GST
KB7. Invoice and particulars there of GST Accounts Assistant
KB8. Accounting processes and procedures to record the details of invoice
KB9. The difference between invoice and other supported documents (like
KB10.Purchase order, delivery challan, etc.).
KB11. It skills and operating procedures of computers and other electronic devices.

Core Skills/ Generic Skills Reading Skills
The user/ individual on the job needs to know and understand how to:
SA1. Read about various accounting procedures and updates of GST Accounts Assistant
SA2. Read mails and information related to various types of documents
SA3. Read forms and policy directives

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Writing Skills
The user/individual on the job needs to know and understand how to:
SA4. Maintain records of work assigned as per company’s policy
SA5. Update information of GST Accounts Assistant
SA6. Send and reply to mails
SA7. Prepare mis reports as per company’s accounting policy

Oral Communication (Listening and Speaking skills)
The user/individual on the job needs to know and understand how to:
SA8. Communicate and share knowledge with peers and supervisors
SA9. Inform about any work-flow concerns
SA10. Seek required information from employee, management, suppliers. Regulator, etc.
SA11. Handle auditor’s queries

Professional Skills

Decision Making
The user/individual on the job needs to know and understand how to:
SB1. Distinguish between what entry/ amount is taxable and what is not
SB2. Determine taxes as per updated norms

Plan and Organize
The user/individual on the job needs to know and understand:
SB3. Prioritize and execute tasks such that the work-flow is not disrupted
SB4. Organize work and time in order to maximize overall productivity

Customer Centricity
The user/individual on the job needs to know and understand how to:
SB5. Ensure that tax deducted is correct 7SB6. Inform about ay errors or refunds to be sought and extra taxes to be paid

Problem Solving
The user/individual on the job needs to know and understand how to:
SB7. Resolve tax related issues and concerns
SB8. Avoid work-flow concerns
SB9. Escalate problems beyond control

Analytical Thinking
The user/individual on the job needs to know and understand how to:
SB10. Analyse tax norms and accounting information
SB11. Prepare useful reports for management and regulator as per company’s policy

Critical Thinking
The user/individual on the job needs to know and understand how to:
SB12. Improve work so that there are zero errors
SB13. Avoid any penalties to firm because of poor or inadequate reporting

GST & BAS - True Tax & Accounting Services

Maintaining GST Records and Filing GST Returns:

Registration under GST

PC1. List down the registration process for single or separate business
PC2. Note down the details to be furnished during the registration
PC3. Differentiate between taxable person versus registered person
PC4. Understand the benefits of registration
PC5. Register an assesse under GST independently

Calculation of Tax Liability

PC6. Identify Instances for eligibility of Input Credit
PC7. Identify set-offs under GST wherever applicable
PC8. Identify in detail carry over credit, capital goods credit, embedded credits etc.
PC9. Differentiate between consideration and valuation

Maintenance of Books & Records and Filing of Returns

PC10. Maintain the different types of ledgers
PC11. Prepare different types of periodic returns to be filed
PC12. File returns online.

Payment under GST
PC13. List the different type of payment, due date, modes of payment with
rules and collection of tax, penalties etc.
PC14. Differentiate on TDS versus TCS
PC15. Calculate the amount of tax payable
PC16. Make the payment online

Organizational Context
The user/individual on the job needs to know and understand:
KA1. Company’s reporting structure
KA2. Company’s policies, standard operating procedures and governance structure
KA3. Action taken in case of breach of defined procedures/work instructions
KA4. Company’s personnel management and incentive rules
KA5. Clients and suppliers of the company
KA6.The products/services the company deals in.
KA7.Different accounting system/procedure/processes that are followed by the company
KA8.Organizational guidelines for dealing with different types of receipts and payments.
KA9.Company’s policies regarding the mode of receipts.

Technical Knowledge
The user/individual on the job needs to know and understand:
KB1. Basic Accounting principles
KB2. Accounting concepts and techniques for recording transactions
KB3. Financial concepts such as calculation of interest
KB4. Concept of GST
KB5. How different taxes will subsume under GST.
KB6. Applicability of GST
KB7. Rules and regulations – GST and knowledge of tax laws and tariffs relevant
to the business.
KB8. Invoice and particulars thereof
KB9. Accounting processes and procedures to record the details of invoice
KB10. The difference between invoice and other supported documents (like
KB11.Purchase order, delivery challan, etc.).
KB12. Procedure s for digitally updating customer’s details.
KB13. IT skills and operating procedures of computers and other electronic devices.
KB14. Use of computers and have working knowledge of Ms Excel, Ms Word, etc.

Core Skills/ Generic Skills Reading Skills
The user/ individual on the job needs to know and understand how to:
SA1. Read about various accounting procedures and updates
SA2. Read mails and information related to various types of documents
SA3. Read forms and policy directives

Writing Skills
The user/individual on the job needs to know and understand how to:
SA4. Maintain records of work assigned as per company’s policy
SA5. Update information
SA6. Send and reply to mails
SA7. Prepare mis reports as per company’s accounting policy

Oral Communication (Listening and Speaking skills)
The user/individual on the job needs to know and understand how to:
SA8. Communicate and share knowledge with peers and supervisors
SA9. Inform about any work-flow concerns
SA10. Seek required information from employee, management, suppliers. Regulator, etc.
SA11. Handle auditor’s queries

VAT vs GST | Corporate Valley

Professional Skills

Decision Making
The user/individual on the job needs to know and understand how to:
SB1. Distinguish between what entry/ amount is taxable and what is not
SB2. Determine taxes as per updated norms

Plan and Organize
The user/individual on the job needs to know and understand:
SB3. Prioritize and execute tasks such that the work-flow is not disrupted
SB4. Organize work and time in order to maximize overall productivity

Customer Centricity
The user/individual on the job needs to know and understand how to:
SB5. Ensure that tax deducted is correct
SB6. Inform about ay errors or refunds to be sought and extra taxes to be paid
SB7. Inform about tax savings scheme

Problem Solving
The user/individual on the job needs to know and understand how to:
SB8. Resolve tax related issues and concerns
SB9. Avoid work-flow concerns
SB10. Escalate problems beyond control

Analytical Thinking
The user/individual on the job needs to know and understand how to:
SB11. Analyse tax norms and accounting information
SB12. Prepare useful reports for management and regulator as per company’s policy

Critical Thinking
The user/individual on the job needs to know and understand how to:
SB13. Improve work so that there are zero errors
Avoid any penalties to firm because of poor or inadequate reporting

Guidelines for Assessment:

  1. Criteria for assessment for each Qualification Pack will be created by the Sector Skill Council. Each Performance Criteria (PC) will be assigned marks proportional to its importance in NOS. SSC will also lay down proportion of marks for Theory and Skills Practical for each PC.
  2. The assessment for the theory part will be based on knowledge bank of questions created by the SSC.
  3. Assessment will be conducted for all compulsory NOS, and where applicable, on the selected elective/option NOS/set of NOS.
  4. Individual assessment agencies will create unique question papers for theory part for each candidate at each examination/training center (as per assessment criteria below).
  5. Individual assessment agencies will create unique evaluations for skill practical for every student at each examination/training center based on this criterion.
  6. To pass the Qualification Pack , every trainee should score a minimum of 70% of aggregate marks to successfully clear the assessment.
  7. In case of unsuccessful completion, the trainee may seek reassessment on the Qualification Pack.