CERTIFICATE COURSE IN UAE VAT

Course Code	Class Room Training	Mode	Eligibility	Suitable for
GCC01.	20 Hrs.	Online Live Training or Virtual Certification Course in Centres.	Commerce / Pursuing Graduation.	For Accountants in UAE / Looking for Accountants Jobs in UAE.

SYLLABUS

This Course will cover entire UAE VAT in 11 Chapters

This Course will cover highlights of the Goods & Services Tax which include 10 Chapters.

Chapter 1:- Introduction to UAE VAT

Gulf co-operation Council
Why VAT in GCC Countries

Chapter 2:- Understanding VAT

Understanding VAT
Overview of VAT
VAT Scope and Rate

Chapter 3:- Supplies under UAE VAT

Definition of Supply
Taxable Supplies
Taxable Supplies – Case Study

Chapter 4:- Place of supply

Place of Supply – Goods
Place of Supply – Services
Designated Zones
Export

Chapter 5:- Date of Supply

Date of Supply
Value of Supply

Chapter 6:- Tax Payable

Introduction
VAT Liability
Reverse Charge

Chapter 7:- Registration

Introduction
Registration
Transitional Provisions

Chapter 8:- Maintenance of Accounts

Record Keeping
VAT Invoices
Audits

Chapter 9:- Tax Return

Tax Returns
Tax Period, Payment etc

Chapter 10:- Penalties

Penalties
Violation and Penalties

Chapter 11 - Tally ERP for GCC VAT

Section 1: Create Company,Activate GCC VAT

Lesson Objectives
Create Company and Activate GCC VAT in the Company Master
Activate GCC VAT From Statutory Features
Additional Options for GCC VAT

Section 2: Creating Masters and set GCC VAT Rates

Lesson Objectives
Creating Stock Group
Creating Stock Items
Creating Service Ledger
Creating Sales Ledger
Creating Purchase Ledger

Section 3: Creating and Updating Party Ledgers

Create Supplier Ledger for GCC VAT
Create Customer Ledger for GCC VAT
Update Party TRN
Import Party TRN Details
Create GCC VAT Ledger
Create Expenses Ledgers for GCC VAT

Section 4: GCC VAT Purchases

Lesson Objectives
Record Purchase from a Domestic Supplier
Record Purchase from an Unregistered Dealer
Record Purchase within GCC Countries
Record Journal Voucher for Reverse Charge Liability
Record Purchase of Capital Goods
Claim Input Credit on Capital Goods Purchase
Record Purchase Returns

Section 5: GCC VAT Sales

Lesson Objectives
Record Domestic Sales
Record Sales to Registered Dealers in GCC Countries
Record Sales to Unregistered Dealers in GCC Countries
Record Sales of Goods and Services in a Single Invoice
Record Sales of Taxable and Exempt Items in a Single Invoice

Section 6: Sales in Accounting Invoice Mode

Lesson Objectives
Record Sales in Accounting Invoice Mode
Record Override Tax Details in an Invoice
Record Sales with an Additional Ledger
Record Sales Return

Section 7: Import of Goods and Services & Export Under GCC VAT

Lesson Objectives
Record Taxable Import of Goods
Record Journal Voucher for Reverse Charge Liability
Record Purchase of Services
Record Exports to a Party in a non VAT Implementing GCC Country
Record Export Sales to a Party Outside GCC Countries

Section 8: Supply on Profit Margin & Transfer of Right to Use & Advances Received Under GCC VAT

Lesson Objectives
Record Sales of Used Goods for Profit Margin
Record Transfer of Right to Use
Record Advances Received from Customer
Record Raise Tax Liability
Record Sales Voucher
Record Reverse the Tax Liability on Advance Receipts
Record Tax Payments

Section 9: Subsequent Sales

Lesson Objectives
Record Import for Subsequent GCC Transfer
Record Reverse Charge Liability
Record Subsequent Sales to Intra GCC Customers
Record Subsequent Sales to Customers Outside GCC Countries

Section 10: GCC VAT Payments

Lesson Objectives
Record Tax Payments
Record Increase Tax Liability
Record Decrease Tax Liability
Record Increase Tax Liability and Input Tax Credit
Record Increase Input Tax Credit
Record Reversal of Input Tax
Record of Input Tax Credit

Section 11: GCC VAT Opening Balance and GCC VAT Returns

Lesson Objectives
Record Opening Balance of VAT
Display the VAT Return Report
Resolve All Exceptional at Once
Creating Adjustment Voucher
Save VAT Returns
Recompute the Changes and Save as Revised
Save the Changes and Overwrite Saved Returns

Section 12: Save the Changes and Overwrite Saved Returns

Lesson Objectives
Export the VAT Return
Export Audit File
View the Tax Payment Reconciliation Report
View the Advance Receipts Summary
View the Reverse Charge Summary
View the Sale on Profit Margin Report
View the Return Transaction Book

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