Foundations of Goods and Services Tax (GST) and Accounting

Navigating the world of indirect taxation can feel overwhelming, but understanding the fundamentals of Goods and Services Tax (GST) is essential for modern business and accounting. This course breaks down complex tax laws into simple, digestible written lessons. You will transition from having zero tax knowledge to confidently identifying different types of GST, calculating tax liabilities, and recording accurate journal entries in business ledgers. What you'll learn: - Understand the fundamental terminology, history, and structure of GST. - Differentiate between CGST, SGST, and IGST and when to apply each one. - Calculate input tax credit (ITC) and determine final tax liabilities. - Record precise journal entries for business purchases, sales, and tax payments. - Explore modern digital tax filing workflows and compliance basics. The course starts with essential definitions and the core mechanics of indirect taxes before moving into practical accounting scenarios and ledger entries. You will progress through structured text-based lessons and illustrative calculation exercises designed to reinforce your learning. This foundational course is designed for absolute beginners, students preparing for introductory accounting exams, and small business owners. No prior background in taxation or advanced accounting is required. Start reading today to build a strong foundation in modern tax accounting.