Corporate Basics of Statutory Compliance and Taxation Training Course

Edstellar's Basics of Statutory Compliance and Taxation instructor-led training course equips employees with the skills to manage GST, TDS, and business data effectively. The teams will learn to manage data and year-end financial activities, ensuring teams can maintain accurate records, meet regulatory requirements, and minimize compliance risks.

Duration

16 - 24 hrs

Delivery Type

Instructor-led Group Training
(Virtual / On-site / Off-site)

Training Available in

10 Languages

Multiple Locations

View Course Outline Enquire Now

Looking for multiple trainings? Get a detailed quote for group training

About Learning Outcomes Course Outline Target Audience Training Modes Certificate Trainers Request a Training Quote

Drive Team Excellence with Basics of Statutory Compliance and Taxation Corporate Training

Basics of Statutory Compliance and Taxation revolves around understanding and adhering to the legal regulations and tax obligations imposed by the government on businesses. It is essential for organizations to ensure compliance with these laws to avoid penalties, legal issues, and maintain ethical practices, ultimately contributing to their sustainability and growth. Basics of Statutory Compliance and Taxation training course equips individuals with the necessary knowledge and skills to navigate the complex landscape of legal and tax requirements within an organization.

Basics of Statutory Compliance and Taxation instructor-led training course provided by Edstellar can be customized to meet team requirements. The virtual/onsite Basics of Statutory Compliance and Taxation training course led by expert trainers ensures employees gain comprehensive knowledge and practical skills in managing GST, TDS, and business data.

Get Customized Expert-led Training for Your Teams

Customized Training Delivery

Scale Your Training: Small to Large Teams

In-person Onsite, Live Virtual or Hybrid Training Modes

Plan from 2000+ Industry-ready Training Programs

Experience Hands-On Learning from Industry Experts

Delivery Capability Across 100+ Countries & 10+ Languages

Skills Your Employees Will Gain

These are the core, hands-on capabilities your team builds during the program.

Financial Reporting
Financial Reporting is the process of preparing and presenting financial statements to communicate a company's financial performance. This skill is important for accountants and financial analysts, as it ensures transparency, aids decision-making, and complies with regulations.
VAT Management
Vat Management involves overseeing Value Added Tax processes, ensuring compliance with regulations, and optimizing tax liabilities. This skill is important for finance roles to minimize risks and enhance profitability.
Inventory Valuation
Inventory Valuation is the method of determining the worth of a company's inventory. this skill is important for finance and supply chain roles to ensure accurate financial reporting and effective inventory management.
GL Reconciliation
Gl Reconciliation is the process of ensuring that general ledger accounts are accurate and consistent. This skill is important for accountants and financial analysts to maintain financial integrity and support accurate reporting.
COGS Calculation
Cogs Calculation refers to determining the direct costs of producing goods sold. This skill is important for finance and accounting roles, as it impacts pricing, profitability, and inventory management.
Trial Balance Analysis
Trial Balance Analysis is the process of reviewing and verifying the accuracy of a company's financial records. this skill is important for accountants and financial analysts to ensure accurate reporting and compliance.

What Your Team Will Achieve After This Training

Register for Goods and Services Tax (GST) based on eligibility criteria
Classify business transactions to determine applicable GST rates
Prepare accurate GST invoices with the necessary components
Claim Input Tax Credit (ITC) considering relevant conditions
Deduct Tax Deducted at Source (TDS) at appropriate rates and thresholds

Topics & Program Outline

The curriculum is organized into focused modules built by industry experts and delivered virtually or on-premise. Interactive sessions reflect the evolving demands of the workplace, keeping the learning both relevant and practical.

Goods and Services Tax (GST)

Introduction to GST
- Overview of GST
- Importance of GST in business
GST registration
- Eligibility and requirements
- Step-by-step registration process
GST returns
- Types of GST returns
- Filing GST returns
- Due dates and compliance
GST invoicing
- Components of a GST invoice
- Creating and managing GST invoices
Input Tax Credit (ITC)
- Understanding ITC
- Claiming ITC and related conditions
GST compliance
- Maintaining records and accounts
- Penalties for non-compliance
Recent updates and amendments
- Latest changes in GST laws
- Impact on businesses

Tax Deducted at Source (TDS)

Introduction to TDS
- Overview and importance of TDS
- Key provisions under the Income Tax Act
TDS rates and threshold limits
- Applicable TDS rates
- Threshold limits for various payments
TDS deductions and payments
- When to deduct TDS
- How to make TDS payments
TDS returns filing
- Types of TDS returns
- Filing procedures and deadlines
TDS certificates and compliance
- Issuing TDS certificates
- Ensuring TDS compliance and record-keeping
Penalties and interest
- Penalties for non-deduction or late payment
- Interest calculations and implications

Management of Business Data

Importance of data management
- Role of data in statutory compliance
- Benefits of effective data management
Data collection and storage
- Methods for data collection
- Secure data storage practices
Data analysis and reporting
- Analyzing business data for compliance
- Generating statutory reports
Software tools for data management
- Overview of data management software
- Selecting and using the right tools
Data security and privacy
- Ensuring data security
- Compliance with data privacy regulations

Moving to the Next Financial Year

Closing the financial year
- Steps to close the financial year
- Finalizing accounts and statements
Preparing for the new financial year
- Setting up new ledgers and accounts
- Carrying forward balances
Compliance checklist
- Ensuring all statutory compliance for the year-end
- Updating with new regulations and changes
Strategic planning
- Planning for tax savings and compliance
- Setting financial goals and budgets
Reporting and audits
- Preparing for statutory audits
- Generating necessary reports
Updating records and systems
- Updating accounting software and systems
- Ensuring smooth transition to the new financial year

Who Should Attend?

This program suits professionals at many levels across the organization, including:

Tax Auditors
Compliance Officers
Financial Analysts
Accountants
Controllers
Auditors
Financial Managers
Tax Managers
Risk Managers
Legal Advisors
Bookkeepers
Financial Planners

What are the Prerequisites?

Employees with a basic understanding of fundamental accounting principles and practices, the ability to read and interpret balance sheets, income statements, and cash flow statements, basic awareness of legal terminologies and principles related to business operations, and the ability to analyze financial data and understand its implications can take up the Basics of Statutory Compliance and Taxation training course.

Request a Quote for your Corporate Training Requirements

Delivering Training for Organizations across 100 Countries and 10+ Languages

Choose the Format That Fits Your Team

We design training your teams actually engage with, and deliver it the way that suits you best. Through a vetted global trainer network, Edstellar runs sessions in 10+ languages with consistent quality anywhere.

Virtual Basics of Statutory Compliance and Taxation Training

Virtual / online: expert-led live sessions delivered anywhere, with consistency and easy scheduling.

We deliver anywhere worldwide

Standardized content for consistent outcomes

Join from own workspace, no travel

We scale to large groups across sites

Interactive tools keep remote learners engaged

View Pricing Options

Enquire now

On-site Basics of Statutory Compliance and Taxation Training

On-site (in-house): immersive, instructor-led learning at your office.

Our trainers run face-to-face at your office

We tailor setup/content to your workplace and tools

Group exercises drive collaboration

Live demos + hands-on practice

Direct trainer access to clarify doubts

View Pricing Options

Enquire now

Off-site Basics of Statutory Compliance and Taxation Training

Off-site: focused, instructor-led group learning away from everyday workplace distractions.

We host your teams at a venue of your preferred choice

Built-in group activities for bonding

Full uninterrupted schedule for focus/retention

Boosts morale and signals commitment

View Pricing Options

Enquire now

What Sets Edstellar Apart

Experienced Trainers

Our trainers are drawn from a vetted global network and bring years of industry expertise, keeping every session practical and impactful.

Proven Quality

With a strong global track record, Edstellar is known for quality and engaging delivery.

Industry-Relevant Curriculum

Our programs are built by experts to match the demands of today's industry.

Fully Customizable

Every program can be tailored to your organization's goals.

Comprehensive Support

We provide pre- and post-session support for a complete learning experience.

Global Multi-Location & Multilingual Training Delivery

We deliver in multiple languages to support diverse global teams.

Recognition That Motivates Your Team

Upon successful completion of the Basics of Statutory Compliance and Taxation training course offered by Edstellar, employees receive a course completion certificate, symbolizing their dedication to ongoing learning and professional development.

This certificate validates the employee's acquired skills and is a powerful motivator, inspiring them to enhance their expertise further and contribute effectively to organizational success.

Corporate Basics of Statutory Compliance and Taxation Training Course

Drive Team Excellence with Basics of Statutory Compliance and Taxation Corporate Training

Skills Your Employees Will Gain

What Your Team Will Achieve After This Training

Topics & Program Outline

Goods and Services Tax (GST)

Tax Deducted at Source (TDS)

Management of Business Data

Moving to the Next Financial Year

Who Should Attend?

What are the Prerequisites?

Choose the Format That Fits Your Team

Get a Proposal Shaped to Your Needs

What Sets Edstellar Apart

Experienced Trainers

Proven Quality

Industry-Relevant Curriculum

Fully Customizable

Comprehensive Support

Global Multi-Location & Multilingual Training Delivery

Recognition That Motivates Your Team

Other Related Corporate Training Courses

Explore More Courses