Special lecture “Tax Planning and GST Filing"

Special lecture on the topic “Tax Planning and GST Filing" was organized by Dr. Sreeya B for the Slot F(A) – Managerial Accounting (NC1450) students on 16th March, 2022. The resource person of the session was Ms. Rasshikaa K.C., Accountant, Sri Ragavendra Minerals, Chennai. She has completed B.Com. M.Com.(Banking Management). She has more than five years of experience. Her role includes accounting of daily transactions, preparation of vouchers and financial statements. She is also in-charge of filing tax on behalf of the company. The speaker started the session with introduction to accounting with its meaning, cycle, pros and cons and its uses in an organization setup. She also explained various principles of accounting. The resource person also touched upon the importance of revenue and income. She made the students to understand about the importance of accounting with regard to preparation of accounting and inventory voucher. She also gave an insight on PAN. The resource person highlighted that importance of filing GST in an organisation. This lecture helped the students to understand about accounting in a real time scenario and filing of GST, CGST, SGST, IGST, UGST with its slabs – 5%,12%,18%, 28%, exemptions, GST registration documents and information on GSTR 1, GSTR 2A, GSTR 3B. This information will help the students to visualise the application of accounting concepts in an organisation. Overall the session was helpful and the students were interactive.