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What is e-Invoice in GST?

Ever since the concept of e-invoicing was approved by the GST council, the buzz around e-invoicing has gained importance among the business community. The introduction of e-Invoice was approved by the GST council in its 37th meeting held in the month of September 2019 with the key objective to ensure the inter-operability of e-invoices across the GST eco-system.

Invoice being a key document and e-invoicing being a reform related to it, it is super important for businesses to understand it fully and accordingly prepare towards to it.

In this article, let’s discuss and understand everything about e-invoicing under GST.

What is e-invoice in GST?
e-Invoice known as ‘Electronic invoicing’ is a system in which all B2B invoices are electronically uploaded and authenticated by the designated portal.

Post successful authentication, a unique Invoice Reference Number (IRN) is generated for each invoice by IRP. Along with IRN, each invoice is digitally signed and added with QR code. This process is collectively called as e-invoicing under GST

Why is e-Invoicing is introduced?
In spite of invoices generated by each software look more or less the same, the computer system can’t understand it though the business users can understand them fully. For example, an invoice generated by accounting Software “A” cannot be read by a machine which is using “B” accounting software.

Today, there are hundreds of accounting/billing software that generate invoices and all of them have their own formats to store the information. Owing to this, the GST system can’t read and understand these invoices although the information in the invoice remains the same.

To cut the long story short, today the same information is presented in different invoice formats and there is no way a system can understand it.

Hence, a need was felt to standardize the format in which electronic data of an invoice will be shared with others to ensure there is interoperability of the data.

What are the benefits of e-Invoice?
The basic aim behind the adoption of the e-invoice system by tax departments is the ability to pre-populate the returns and to reduce the reconciliation challenges. This is achieved by the design of the IRP system which shares the invoice data to the GST system and e-way bill system. Thus, one-time uploading of the invoice will ensure that most of the details required in returns as well in the e-way bill get auto-populated.

The following are some of the key benefits of e-invoicing:

Reduces reporting the same invoice details multiple times in different forms. It’s just a one-time upload and everything, as required, will get pre-populated.

Part-A of the e-Way bill will be auto-captured and only transporter details are required to be updated.

On uploading invoices, Sales and purchase register (ANX-1 and ANX-2) are pre-populated and from this data, the main Return (RET-1 or Sugam) is almost ready for filing under New GST Return.

Substantial reduction in input credit verification challenges as the same data will get reported to the tax department as well to the buyer in his inward supply (purchase) register.

On receipt of info thru the GST System, a buyer can do reconciliation with his Purchase register and accept/reject it on time under New Return.

Complete trail of B2B invoices and system-level matching of input credit and output tax helps to reduce tax evasion

Increase efficiency in tax administration by eliminating fake invoices.
When will e-invoicing will be introduced?
The e-invoice under GST was originally planned to be implemented on 1st April 2020. However, as per the 39th GST Council meeting held on 14th March 2020, the new date for introducing e-invoicing is 1st October 2020.

To ensure that businesses get enough time to adapt to the new system of electronic invoicing, the GST Council has approved the introduction of e-invoicing in a phased manner. In the first phase, this will be introduced to taxpayers with a turnover of over ₹500 crores from 1st October 2020

Type of business to whom e-invoice will be applicable?
In the first phase, electronic Invoicing will be applicable to all the business whose aggregate turnover in the previous financial year exceeds “500 Hundred Crore Rupees’

Who should upload the e-invoice?
Under the concept of e-invoice, the seller has to electronically upload the invoice to the IRP system and capture the IRN (Invoice Reference Number) in the physical copy of the invoice issued to the recipient.

Also, the IRP system is designed to e-mail the digitally signed e-invoice with QR code to the supplier as well as the recipient.

What type of documents are to be reported to the GST system?
The following documents are covered under the concept of e-invoice. Meaning the creator of these documents needs to upload it to the IRP system.

Invoice by Supplier
Credit Note by Supplier
Debit Note by Supplier
Any other document as required by law to be reported by the creator of the document
How is e-invoice different from the current practice of invoicing?
E-invoice is a system in which the invoice needs to be electronically uploaded and authenticated with a unique invoice reference number (IRN). This will no way impact the current practice of issuing a physical invoice (printed) or electronic (ex.pdf version) invoice.

The users would continue to see the physical or electronic (PDF/Excel) output of the invoices in the same manner as it existed before the incorporation of the e-Invoice standard in the software.

What are the modes of generating e-Invoice?
Multiple modes will be made available so that the taxpayer can use the best mode based on his/her need. The following are different modes of generating e-Invoice?

Web-Based,
API Based,
SMS Based,
Mobile App
offline tool based and
GSP based

How to Generate e-Invoice in GST?

The e-invoicing system proposed to be introduced on 1st October 2020 for business with an annual turnover of more than 500 crores, is primarily designed with 2 key aspects. First is the adoption of a standard for the invoice, which will enable standardization and swift data exchange across the different systems. The next being the registering the invoice with Government, through the Invoice Registration Portal (IRP) which will ensure the authenticity of invoices

At a larger picture, it is believed that e-invoicing will play a key role to ensure the interoperability of the data with various systems alongside curbing tax evasion.

With the implementation of e-invoicing, the GST system shall be able to validate all the B2B transactions electronically and pre-populate the same in taxpayer’s GST return forms and e-way bill, as per the details filled in the e-invoice by the taxpayer.

Before getting into the process to generate e-invoice, it is important to note that there has been a major misconception surrounding the e-invoice generation. The famous misconception here is that businesses can generate invoices centrally through the government portal.

That’s not true! e-invoice does not mean the generation of invoices from a central portal of the tax department. Instead, e-invoice requires a business to generate the invoice in the prescribed format using the accounting software and upload it to the portal designed to authenticate such invoices.

Let’s now understand the steps to generate the e-invoice

Step -1 Creation of e-invoice JSON: The first step is to create the invoice JSON using the accounting software as per the prescribed format.

Step -2 Uploading of JSON: In this step, the invoice JSON for every B2B invoice generated using accounting software or any other utilities are uploaded to the IRP system.

Step-3 Verification of e-invoice JSON: In this step, the IRP system validates the e-invoice JSON and checks the central registry of GST for any duplication.

Step-4 Generating invoice reference number (IRN): After successful validation of e-invoice JSON, the IRP system will generate IRN. IRN generated will be a unique number of each invoice for the entire financial year. Also, the e-invoice JSON will be updated with a digital signature along with a QR code.

Step-5: Receiving digitally singed e-invoice JSON: Here, the digitally signed e-invoice JSON along with QR code is sent to the supplier.

Step-6 Transfer of data to e-way bill system and GST system: The invoice JSON data uploaded, will be shared with the- waybill and GST system, for preparing e - waybills and for auto-population of GST return.

Part-A of e-way will be auto-populated with e-invoice data

Annexure-1 (outward supplies) and Annexure-2(Inward supplies) of New GST returns will be auto-populated with invoice JSON generated by IRP

Job Title Faculty / Sr. Faculty - in Computerized Accounting Trainers for Tally
Location Coimbatore-Ganadhipuram, Sulur, Ganapathy, Saravanampatti., sai bab colony, Peelamedu
Experience A minimum of 0-2 years of experience teaching Experience (or) Industrial Experience
Skills and Specifications
Accounts Executive with experience in BRS, Receipts, and Payments in Tally ERP and good knowledge in Ms-Office
Having good communication in English
Qualification Any Bachelor Degree (or) Masters Degree required

𝟭𝟬 𝗕𝗮𝘀𝗶𝗰 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗔𝘀𝘀𝘂𝗺𝗽𝘁𝗶𝗼𝗻𝘀 𝗮𝘀 𝘁𝗵𝗲 𝗕𝗮𝘀𝗶𝘀 𝗼𝗳 𝗕𝗼𝗼𝗸𝗸𝗲𝗲𝗽𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀

𝙒𝙝𝙖𝙩 𝙖𝙧𝙚 𝙖𝙘𝙘𝙤𝙪𝙣𝙩𝙞𝙣𝙜 𝙥𝙧𝙞𝙣𝙘𝙞𝙥𝙡𝙚𝙨?

Key accounting assumptions state how a business is organized and operates. They provide structure to how business transactions are recorded. If any of these assumptions are not true, it may be necessary to alter the financial information produced by a business and reported in its financial statements. Accounting principles are the building blocks for GAAP. All of the concepts and standards in GAAP can be traced back to the underlying accounting principles. Some accounting principles come from long-used accounting practices whereas others come from ruling making bodies like the FASB.

It’s important to have a basic understanding of these main accounting principles as you learn to account. This isn’t just memorizing some accounting information for a test and then forgetting it two days later. These principles show up all over the place in the study of accounting.

𝙒𝙝𝙖𝙩 𝙖𝙧𝙚 𝙩𝙝𝙚 10 𝙗𝙖𝙨𝙞𝙘 𝙖𝙘𝙘𝙤𝙪𝙣𝙩𝙞𝙣𝙜 𝙥𝙧𝙞𝙣𝙘𝙞𝙥𝙡𝙚𝙨?

Here’s a list of 10 accounting principles that make up GAAP.

Economic entity assumption: The economic entity assumption is an accounting principle that separates the transactions carried out by the business from its owner.
Monetary unit assumption: All financial transactions should be recorded in the same currency.
Specific time period assumption: Financial reports should show results over a distinct period of time.
Cost principle: The cost of an item doesn’t change in financial reporting.
Full disclosure principle: All information that relates to the function of a business’s financial statements must be disclosed in notes accompanying the statements.
Going concern principle: A business will continue to exist and function with no defined end date.
Matching principle: Businesses should use the accrual basis of accounting and report all financial information using this method.
Revenue recognition principle: Revenue is reported when it’s earned, regardless of when payment is actually received.
Materiality principle: When an accountant finds a transactional error, they can use their professional judgment to determine if the error is immaterial to the business.
Conservatism principle: When there is more than one acceptable way to record a transaction, expenses and liabilities should be recorded as soon as possible, and revenues and gains should only be recorded when they occur.

𝙐𝙣𝙙𝙚𝙧𝙨𝙩𝙖𝙣𝙙𝙞𝙣𝙜 10 𝙤𝙛 𝙩𝙝𝙚 𝙢𝙤𝙨𝙩 𝙞𝙢𝙥𝙤𝙧𝙩𝙖𝙣𝙩 𝙖𝙘𝙘𝙤𝙪𝙣𝙩𝙞𝙣𝙜 𝙥𝙧𝙞𝙣𝙘𝙞𝙥𝙡𝙚𝙨

𝙀𝙘𝙤𝙣𝙤𝙢𝙞𝙘 𝙚𝙣𝙩𝙞𝙩𝙮 𝙖𝙨𝙨𝙪𝙢𝙥𝙩𝙞𝙤𝙣

It refers to the separation between various divisions in a company. Each unit maintains its own accounting records specific to the business operations. External stakeholders like; Governments and investors use a company’s financial records to assess its performance. Hence, it is important that the transactions reflect the activities of the entity accurately. According to the economic entity assumption, a person evaluating a company’s records assumes all the transactions pertaining to the business are being reviewed.

𝙈𝙤𝙣𝙚𝙩𝙖𝙧𝙮 𝙪𝙣𝙞𝙩 𝙖𝙨𝙨𝙪𝙢𝙥𝙩𝙞𝙤𝙣

The monetary unit assumption principle dictates that all financial activity be recorded in the same currency. It is the reasoning behind why you have to complete your business bookkeeping for foreign transactions. Moreover, another assumption under this basic accounting principle is that the purchasing power of currency remains static over time. In other words, inflation is not considered in the financial reports of a business, even if that business has existed for decades.

𝙎𝙥𝙚𝙘𝙞𝙛𝙞𝙘 𝙩𝙞𝙢𝙚 𝙥𝙚𝙧𝙞𝙤𝙙 𝙖𝙨𝙨𝙪𝙢𝙥𝙩𝙞𝙤𝙣

The specific time period assumption requires that a business’ financial reports show results over a distinct period for comparisons. Additionally, this accounting principle specifies that all financial statements must indicate the specific time period that they’re considering for review, on the actual document. It is because of this principle that your balance sheet always reports information as of a certain date and your profit and loss statement encompasses a date range.

𝘾𝙤𝙨𝙩 𝙥𝙧𝙞𝙣𝙘𝙞𝙥𝙡𝙚

Cost-Benefit Principle – limits the required amount of research and time to record or report financial information if the cost outweighs the benefit. Thus, if recording an immaterial event would cost the company a material amount of money, it should be forgone. This basic accounting principle is important because it reminds business owners not to confuse cost with value. Although the value of items and assets changes over time, the gain or loss of your assets is only reflected in their sale or in depreciation entries. If you need a true valuation of your business without selling your assets, then you’ll need to work with an appraiser, as opposed to relying on your financial statements.

𝙁𝙪𝙡𝙡 𝙙𝙞𝙨𝙘𝙡𝙤𝙨𝙪𝙧𝙚 𝙥𝙧𝙞𝙣𝙘𝙞𝙥𝙡𝙚

This principle requires that any knowledge that would materially affect a financial statement user’s decision about the company must be disclosed in the footnotes of the financial statements. This prevents companies from hiding material facts about accounting practices or known contingencies in the future. Basically, this principle states that all financial activities related to the company must be presented accurately, without any hidden numbers to the business owner/accountant, to ensure full transparency to the business’ finances.

𝙂𝙤𝙞𝙣𝙜 𝙘𝙤𝙣𝙘𝙚𝙧𝙣 𝙥𝙧𝙞𝙣𝙘𝙞𝙥𝙡𝙚

Also referred to as the “non-death principle,” the going concern principle assumes the business will continue to exist and function with no defined end date—meaning the business will not liquidate in the foreseeable future. It is because of this basic accounting principle, why you defer the recognition of expenses to a later accounting period.

𝙈𝙖𝙩𝙘𝙝𝙞𝙣𝙜 𝙥𝙧𝙞𝙣𝙘𝙞𝙥𝙡𝙚

This principle states that all expenses must be matched and recorded with their respective revenues in the period that they were incurred and not when they are paid. This principle works with the revenue recognition principle ensuring all revenue and expenses are recorded on the accrual basis. These expenses can include wages, sales commissions, certain overhead costs, etc. That being said, even if your tax return is based on the cash method of accounting, your accountant may prepare your financial reports using the accrual basis of accounting. Ultimately, accrual-based reports not only reflect the matching principle, but they also provide a better analysis of your business’ performance and profitability than cash-based statements.

𝙍𝙚𝙫𝙚𝙣𝙪𝙚 𝙧𝙚𝙘𝙤𝙜𝙣𝙞𝙩𝙞𝙤𝙣 𝙥𝙧𝙞𝙣𝙘𝙞𝙥𝙡𝙚

This principle requires companies to record revenue when it is earned instead of when it is collected. This accrual basis of accounting gives a more accurate picture of financial events during the period. The purpose of this principle is to accurately report an income or revenue when the sale is made, even the payment is received at a later stage. With this basic accounting principle, your business could earn a monthly revenue even if you haven’t received any actual cash that month.

𝙈𝙖𝙩𝙚𝙧𝙞𝙖𝙡𝙞𝙩𝙮 𝙥𝙧𝙞𝙣𝙘𝙞𝙥𝙡𝙚

This principle highlights an accountant’s ability to exercise judgment and use their professional opinion—since businesses come in all sizes, an amount that might be material for one business may be immaterial for another—and it’s up to the accountant to make this decision. When an accountant is reconciling a set of books or completing a business tax return, if, during that time the accountant finds any misses or discrepancy, they may deem it as immaterial. In such a scenario, it’s up to the accountant to use their professional judgment to determine if the amount is immaterial.

𝙋𝙧𝙞𝙣𝙘𝙞𝙥𝙡𝙚 𝙤𝙛 𝙘𝙤𝙣𝙨𝙚𝙧𝙫𝙖𝙩𝙞𝙨𝙢

When there’s more than one acceptable way to record a transaction, the principle of conservatism instructs the accountant to record expenses and liabilities as soon as possible, but to only record revenues and gains when they occur. Using this accounting principle, then, your accountant will be more likely to anticipate losses in your reports, but not revenues or profits—hence they’re being more conservative with the business’s financial success. It’s important to understand, however, that this basic accounting principle is only invoked when there are multiple acceptable ways for the accountant to record the transaction. The principle of conservatism does not allow a business accountant to completely disregard other accounting principles.

When Do You Need to Upgrade Your Accounting Software?

Introduction

Updated software is imperative for your business and its processes to run smoothly and much more efficiently. As your business grows with time, various processes and systems undergo several crucial changes, that ultimately result in a revised business environment. To stay in sync with these changes in the structure and operations of your business, it is extremely crucial that your software too caters to these needs and evolves alongside your company. Buying bigger software for the “just in case” scenarios is how you waste resources and get tools too large. The ultimate bottom line benchmark for the success of your new tool should be a measurement of how effective it is going to be at growing profitability or reducing costs. Thus, it is wiser to look out for the signs that would alert you to upgrade your software.

So, how do you know when it’s time to upgrade your business accounting software to a more powerful package? If the following items fit your situation, you may want to look into upgrading.

You’ve reached your limits
Small business accounting software is meant for just that – small business. They often come with limits as far as the number of transactions, number of clients, number of employees, or the amount of storage they can handle. As your business grows, so will your number of transactions, clients, employees, and the amount of storage you require. If you’re reaching the limits of your current software, then it’s time to upgrade.

Record keeping is time-consuming and outdated
If you’re spending a lot of time on record keeping, and you still can’t stay on top of your accounting data, it may be time for an upgrade. As your business grows, the amount of information that you need to keep track of does too. However, when you don’t have all your information recorded accurately, you can’t look at your financial reports and you can’t track your company’s finances.

It’s time to find a new accounting software tool that simplifies or partially-automates the record-keeping process, and you can spend your time analyzing and coming up with ways to improve your business instead of struggling to keep track of it.

You’ve fallen behind the times
In this day and age, you should be able to access your accounting data from anywhere, anytime. Integrating your entire system with your accounting software can help make it easier to record, easier to analyze and easier to improve. Regardless of where you or your employees work from, having an accounting system that can be as mobile as you are can help your business grow further, and allow you to take care of bookkeeping, accounts, and billing faster.

Your accountant recommends an upgrade
Your accountant’s job is to help you with your business accounting. He or she understands how your business works as well as how your accounting software may be holding you back from growing and expanding. If you’re unsure of how to improve your current system, your accountant can be a great resource and may be aware of how software can improve your accounting process. A more integrated system may be just what you need.

Your accountant knows you and your business, and they are an expert when it comes to accounting, so if they’ve suggested that you upgrade your software, you may want to take the advice into consideration. If you happen to be using Tally.ERP 9, you can even get in touch with your local Tally partner and get more details about Tally upgrades.

You can’t find the information you need
Accounting software helps you keep track of things from employee payroll to the number of sales per customer. If your current system has become unorganised, inaccurate or even slow and clunky from maxed out memory, then it’s time to look for a better alternative.

Conclusion
The updated software will help your business reach its ultimate goal and maximize profits in the most optimum way. A business solution software must be so flexible that it lets you explore and cater to your current needs as well future. Accounting software must have the capability to bring a new perspective on how business owners run their business and manage their accounts. It’s important that your software grows with your business and improves business forecasting by visualizing different business scenarios and analyzing provisional reports for sound financial planning.

நீங்கள் +2 முடித்தவர்களா?

வேலை கிடைக்க வில்லையா?

அல்லது

வேலையில் பதவி உயர்வு (Promotion) கிடைக்க வில்லையா?

காரணம் Degree ஆ?

இதோ அதற்கான வாய்ப்பு

சில காரணங்களால் உங்கள் படிப்பை முடிக்க முடியாதவர்களுக்கும்

உங்கள் படிப்பை தொடர முடியாதவர்களுக்கும் மீண்டும் அதனை முடிக்க ஓர் அற்புத வாய்ப்பு
காரணம் Degree ஆ?

மாணவர்களுக்காகவே வழங்குகிறோம் ,
GENESIS SCHOOL OF HIGHER STUDIES

உங்கள் UG /PG / B.Ed /BE /MBA degree கனவை நனவாக்க !!

தலைசிறந்த கல்லூரி மற்றும் பல்கலைகழகங்களில் Distance Education அல்லது Regular முறையில் degree -இல் சேர்ந்து , வேலை செய்து
கொண்டே ,எளிய முறையில் short period -இல் உங்கள் டிகிரி கனவை நனவாக்கலாம்.

தரமான சேவையை பெற அணுகவும் .
GENESIS SCHOOL OF HIGHER STUDIES

Address: Gowtham Complex, 267 1st floor, 2nd St, Gandhipuram, Coimbatore Tamil Nadu 641012

Phone: 097866 64231
Appointments: genesistallyacademy.com

கொரோனாவிற்கு பிறகு இந்த நான்கு துறைகளில் பெரிய வளர்ச்சி இருக்கும்..!! ஏன் தெரியுமா ??

உலகம் முழுவதும் கொரோனாவின் தாக்கம் பொருளாதார வளர்ச்சியை கடுமையாக பாதித்துள்ளது. இந்தியாவிலும் இதன் தாக்கம் சற்று அதிகமாகத்தான் உள்ளது. பொது மக்களின் தினசரி வாழ்க்கை முடங்கியதால் பல்வேறு துறை சார்ந்த வியாபாரங்கள் முற்றிலுமாக முடங்கியுள்ளன. மத்திய மாநில அரசுகள் நாட்டை பொருளாதார சரிவில் இருந்து மீட்டெடுக்க பல்வேறு முயற்சிகளை எடுத்து வருகிறது. புதிய திட்டங்களும் வெளிநாட்டு முதலீடுகளையும் வரவேற்க பல்வேறு சலுகைகளை வழங்கி முதலீட்டாளர்களை கவர்ந்து வருகிறது.

இந்நிலையில் தற்போது சரிவில் இருக்கும் பொருளாதாரத்தில் இருந்து இந்தியா மீளும் நேரத்தில் இந்த நான்கு துறை வளர்ச்சியடைய அதிக வாய்ப்பு உள்ளதாக சில நிபுணர்கள் கணித்துள்ளனர்.

1 )டிஜிட்டல் மற்றும் இணையதள பொருளாதாரம்:

இந்தியாவில் பல முன்னணி தொலைதொடர்பு நிறுவனங்கள் அதிரடி சலுகைகளை வழங்கி வருகிறது. மக்களுக்கு தங்குதடையின்றி இணையதள சேவை கிடைப்பதற்காக ஜியோ ஏர்டெல் போன்ற நிறுவனங்கள் போட்டி போட்டு சலுகைகள் வழங்கிக் கொண்டிருக்கின்றன. இந்த கடந்த நான்கு மாதங்களாக இணையதளம் பயன்படுத்துபவர்கள் பலமடங்கு அதிகரித்துள்ளது அதேபோன்று சேவைகளிலும் புதிய வசதிகளை பல நிறுவனங்கள் வழங்கி வருகிறது இதனால் இந்த இணையதள டிஜிட்டல் தலைமுறை கொரோனாவிற்கு பிறகு இன்னும் வலுவாகும் என எதிர்பார்க்கப்படுகிறது.

2)சில்லறை வியாபாரம் & FMCG:

இந்தியாவில் கொரோனாவின் தாக்கம் குறைந்த பிறகு சில தளர்வுகளை அரசு அறிவித்துள்ளது இதனால் பொது மக்கள் கொஞ்சம் கொஞ்சமாக வெளியே வந்து கடைகளில் பொருட்கள் வாங்கும் நிலைமை திரும்பியுள்ளது. இந்த ஊரடங்கு நேரத்தில் டிஜிட்டல் முறையில் பல நிறுவனங்கள் தங்கள் புதிய பொருட்களை பதஞ்சலி, டாபர், கவின் கேர் போன்ற நிறுவனங்கள் அறிமுக படுத்தி மக்களுக்கு அதைப்பற்றி விளம்பரப்படுத்தி வருகின்றனர்.

மேலும் இயல்பு நிலைக்கு திரும்பிய பிறகு சில்லரை வியாபாரம் கொடிகட்டி பறக்கும் என நிபுணர்கள் கணித்துள்ளனர்.

3)வேதியல் பொருட்கள்:

கொரோனா காரணமாக பாதுகாப்பு நடவடிக்கையை கருவி மக்கள் அனைவரும் சனிடைசர் பயன்படுத்த வேண்டுமென வலியுறுத்தி வருகிறது. இதனால் சனிடைசர் மற்றும் சுத்தம் செய்யும் சாதனங்களின் தேவையும் அதிகரித்துள்ளது. இதனால் இதற்கு சந்தையில் நல்ல வரவேற்பு மற்றும் நல்ல லாபத்தை கொடுக்கும் தொழிலாக இருக்கும் என்றும் கணிக்கப்பட்டுள்ளது.

4 )பாதுகாப்பு சாதனங்கள்:

பொது இடங்களில் மக்கள் வைரஸ் தொற்றுக்கு ஆளாகக் கூடாது என்பதற்காக அரசு பல நடவடிக்கைகளை எடுத்து வருகிறது. இதில் பொது இடங்களில் சனிடைசர் டிஸ்பென்சர் பாதுகாப்பு தொழிலாளர்களுக்கு PPE ககிட் போன்றவை அதிகம் பயன்படுத்துகிறது இதனால் இதனுடைய தேவையும் அதிகரித்துள்ளது சந்தையில் இதற்கான தயாரிப்பாளர்களும் விநியோகஸ்தர்களும் இந்த பாதுகாப்பு சாதனங்கள் துறையில் இருக்கும் பலருக்கு தொழிலில் ஏற்றம் கண்டுள்ளனர். மேலும் இந்த துறையும் பெரிய அளவில் வளர்ச்சி அடையும் என எதிர்பார்க்கப்படுகிறது.

Now, Composition Taxpayers can prepare Form GSTR-4 (Annual) for FY 2019-20 using the offline utility.
Read More: https://bit.ly/2DIFtxt

What Course after B.Com you should choose?

1) Chartered Accountant (CA)

Most of the commerce students want to get this as their career. It won’t be wrong to say that this is one of the most reputed courses after B.Com. For CA, Institute of Chartered Accountants (ICAI) conducts three exams; CPT, IPCC and Final CA.
You are required to clear two groups of both IPCC and Final CA exam in which during the second group you register for articles ship with an experience CA for at least two and a half years.
Once you are qualified to affix CA with your name, you can be assured of an awesome career ahead. With a handsome package, you also get a reputation.

2) Business Accounting and Taxation

One of the most useful courses to do after B.Com

Yes, this course is again for those who want a blooming career in the field of Accounts. If you ask anyone about the professional courses B.Com he/she will definitely suggest this under their suggestions.

The main target of this course is to provide you with expertise in the field of accounts, taxation, compliance, reporting, and MIS.

You get to work with high-end accounting software. After qualifying this course you have undoubtedly taken yourself one step ahead in professionalism.

3)Cost Accounting

Those who have an interest in cost management can go for pursuing this course where you will get to learn about budgeting, cost management, asset management, and performance evaluation.

The main job of a cost accountant is to prepare a financial plan for organizations. Financial report preparation is also one of their major tasks.

There is no denying the fact that the career of a cost accountant is bright and successful at the same time, so one can consider this as a course after B.Com.

4) Certified Management Accountant (CMA)

Working in top MNCs is a dream of almost every individual student. If you are a commerce student and want to work for top MNCs then you require a relevant certification that has international credibility.

Institute of Management Accountants (IMA) offers CMA certification. Further, it is reviewed by the Institute of Certified Management Accountants (ICMA).

You have to qualify for two exams in order to get CMA certification. A CMA has expertise in financial planning, financial analysis, and other financial concepts as well.

You must have a two-year experience and a graduation degree to go for this certification course. Definitely, this is one of the best certification courses after B.Com.

This makes it one of the best courses to do after B.Com

5) Certified Public Accounting (CPA)

If you are talking about accounting then US Certified Public Accounting (CPA) is of the highest standard all over the world.

The credibility of this course after B.Com is high and you will get the recognition that you deserve. American Institute of Certified Public Accountants (AICPA) administers this exam.

According to the experts, the value of US CPA is no less than Indian CA hence you can never doubt their credibility.

US CPA will also provide you with the knowledge of some other terminologies as well like IFRS (International Finance Reporting Standard) and so on.

These were a few of the best courses after B.Com in the accounts sector. Now let us discuss the after B.Com courses in Banking Sector which is probably the second most preferred one.

6) Post Graduate Diploma in Banking (PGDB)

If you are really concerned about enhancing your career in the banking sector then you may consider pursuing a PGDB course.

You get to learn more and more about the banking sector. You will earn more practical knowledge of banking through this Diploma course.

PGDB course will definitely provide you with a rewarding career after graduation in commerce hence without any doubt PGDB is one of the best courses after B.Com if you want to enhance your career in the banking sector.

7) Business Correspondent Courses
A fruitful career in banking and financial services requires great skills in this field and business correspondent courses will help you in mastering those skills.

You get to learn about basic financial concepts, customer relationships, and so on in order to get a secure career.

Banks will hire you to expand their reach quickly and cheaply. In terms of the package this is more about experience and skills; the more skilled you are, the better package you can expect from banks

8) Insurance Courses

Learn about different insurances in these courses. Whether it is Personal insurance or property insurance or any other, learn about them in separate insurance courses. Risk management is also taught in these courses.

You are exposed to the mainstream of various insurance hence you get a chance to earn a secured career. Undoubtedly this is one of the most preferred courses after B.Com.

It is time to learn about Finance related courses after B.Com.

9) Financial Risk Management

One of the most required personnel in almost every company is the Financial Risk Manager. You get to learn about issues that might lead to financial crumbling.

Learn about more and more about risk factors involved in the Finance of any company.

It is definitely a rewarding course option after B.Com hence you can go for this one if you are expecting a career in finance.

10 ) Chartered Financial Analyst

There are a number of CFA institute from where you can pursue this course after B.Com. The main job of a CFA is to suggest a company about various investment options.

They help companies in making their investment decisions. They are mostly recruited by Banks, insurance companies, pension funds, and investment houses.

Being a CFA you provide assurance in the financial field for any organization.

11) Financial Modeling
Here in this course, you are taught to develop the model of financial statements that will further help in the Financial analysis.

You also learn the skills of financial management in this course and afterward, you also provide financial solutions to the companies.

You learn the skills of investment, credit, profit, equity, and so on. Without any doubt, these skills will help you in fetching the dream job after B.Com. So if you want to draw a career in Finance then you can consider pursuing this course after B.Com.

So here we are done with our Professional courses after B.Com and now is the time to learn about post-graduation courses after B.Com. There are a number of post-graduation courses after B.Com that will help you in framing a secured and bright career. So without getting any delays to let’s get started –

12 )Masters of Business Administration (MBA)
MBA is one of the most preferred post-graduation courses by students from all the streams (not just from commerce stream).

Whether you are an Engineer or a Commerce student you must have got a recommendation from your loved ones to pursue MBA. Being a commerce student we would suggest you go for this.

Success after MBA depends more on the credibility of the institution.

MBAs from IIMs and other top MBA colleges will get much better career opportunities than those from the normal institution. The MBA journey starts with the Common Admission Test (CAT) exam.

You earn a CAT score after the CAT exam through which you are allotted MBA colleges. Better score in CAT implies reputed MBA College though you will have to face a Personal Interview round after your exam.

ou can pursue your MBA from a regular college but there are a number of institutions that also offer you a distance-learning option. If you are not getting a good and reputed college after your CAT exam then you can also go for a distance-learning option as it will be more convenient and you can go for learning a number of skills during the same period.

Undoubtedly this is one of the best courses after B.Com. MBA can provide you with a highly secured career where you will get a handsome package as well.

13) Masters of Commerce (M.Com)

You are now a graduate in commerce and this is the time to do post-graduation in the same field. M.Com is among the highly preferred courses after B.Com. This is also a highly recommended course after B.Com by experts as well as commoners.

Just like MBA, institution matters in M.Com as well. We suggest you pursue this course from a reputed institution only. In M.Com you get to learn about Accounting, Economics, Business, Finance, Taxation, Statistics, Management, and Marketing.

These are the fields in which you will earn specialization during your masters. After this, you get a chance to enhance your career in the respective field.

Mostly M.Com exams in universities/colleges occur semester vise. You can either go for choosing regular commerce college or you can also pursue your masters through distance learning. It solely depends upon your convenience.

This 2-year post-graduation course after B.Com will definitely lead to a secured career. You can expect a moderate package after pursuing M.Com.

14) Business Accounting and Taxation (BAT)

Business Accounting and Taxation

Without practical knowledge, it gets extremely difficult for a B.Com graduate to find a suitable job for him/her. Just with your theoretical knowledge, you can’t expect a handsome package and a secured career. In order to gain good practical knowledge about Finance, Taxation, Compliance and so on you can always go for BAT.

This course will provide you with the practical knowledge that you require to get a good job as per your expectations. Here you will be taught the skills that are highly required to get a secured job. You also get to learn about the MS-Office suite, Tally, and other skills as well. So without any doubt, this is one of the best courses after B.Com.

15) Company Secretary (CS)

Confused about the best courses after B.Com? Why not go for becoming a company secretary? This is undoubtedly one of the best courses after B.Com where you also get an opportunity to ensure a secured career. This is a high-paying job, hence you should consider this after B.Com.

The Institute of Company Secretaries in India offers this course. Though it is believed and suggested that you should pursue courses like CS and CA after 12th only, along with your graduation you can also go for these courses after B.Com. After graduation, you can enroll in the second level course; Executive Program.

Just like CA, CS is also one of the most reputed designations for commerce students and you must go for this if you want to get a good package along with the pride and prestige.