Top 3 Business Accounting and Taxation Courses in Guwahati

Business Accounting and Taxation courses have become a need of the hour due to the increase in Professionalism in various fields. Business accounting is a course that teaches one to keep a track of all the business operations. It teaches one to evaluate, and interpret financial documents throughout the entire course. Taxation, on the other hand, is a process followed all over the world by the government. The entire course involves levying charges on individuals, a group of professionals, or companies to generate revenue that can be put to use for the developmental activities in the country. Business Accounting and Taxation courses in Guwahati aim to educate students with the fundamental knowledge and concepts of taxation, payroll policies as well as integral disciplines of Economics. Therefore, Business Accounting and Taxation courses in Guwahati are much in demand where almost all individuals, except the exceptions, are part of the Tax system of our country directly or indirectly.

Why is Accounting Important? 

Business accounting in today’s world plays a vital role in running any kind of business because it helps to track income and expenditure that provides investors, management, and government with enough financial data that can be further used in making business decisions.

This Can Be Fragmented into the Following:

• You can understand the profit and loss from the income statement provided.
• You will get a clear picture of the financial status of your business on a particular date from the balance sheet provided.
• With the help of a cash flow statement, you can get a clear picture of the cash generated and spent during a specific period.

To keep your business afloat, you should keep your financial records up to date because of the following reasons:

The updated financial records will not only help you track expenses, gross margin, and possible debt but will help you inappropriately allocate your budget. As laws and regulations differ from one state to another the proper accounting system will ensure statutory compliance.

Proper financial data becomes very important to create a budget and future projection. Accounting plays a crucial role in filling their financial statement with the Registrar of Companies. It is necessary to get loans for investments. It provides necessary accounting data to back up your tax return claims.

In simpler words, Accounting refers to a detailed and systematic record of the financial transaction of a business which includes the basics: balance sheet, income statement, and cash flow statement. The entire concept of Accounting and Taxation is delivered through designed modules by experts.

Taxation

Tax is a mandatory payment imposed on a citizen by a government. It is an important source of income for any government in the world as the government fulfills all its expenses with tax money. Any country’s economic stability depends on the tax received by the government and it further helps in the redistribution of the wealth and allocated to its best.

The government invests in projects to boost the country’s economy with the help of tax money. Therefore, the tax becomes an important source of income for any government. The tax money collected by the government is used to uplift the weaker section to get a better education, healthcare, and other benefits.

The infrastructure of the country is maintained with tax money which includes maintenance of parks, government hospitals, roads, government schools, etc. Hence, without the citizen of a country paying the tax it will not be possible for the government to run the country properly.

Therefore it becomes important for every citizen of a country to pay their liable taxes to the government. India has a wide and complex taxation policy. Taxes are imposed by the three different government bodies Central, State, and corporation and this makes the process complicated.

Tax rates are different for different entities depending on the income of the taxpayers. The income tax to be paid by an individual depends on the collective individual income and the deductions an individual can apply. The more deductions an individual can apply the lesser tax he or she has to pay to the government.

Here are the Business Accounting and Taxation Course Details

Tax Can Be Classified Into Two Types:

• Direct Tax: Direct tax includes income tax, capital gains, and corporate taxes. These taxes are directly paid to the government and cannot be transferred to any other body or person.

• Indirect Tax: Indirect tax includes taxes on products, goods, and services. It doesn’t depend on income and profit. It is collected through an intermediary source from the consumer.

Indian tax system being a complicated one requires a detailed and dedicated study on taxation as a course that enables a scholar to develop proper skill and knowledge. Business Accounting and Taxation Courses in Guwahati enable the students to understand the entire concept of taxation in India.

Why Business Accounting and Taxation course?

Business Accounting and Taxation Courses in Guwahati enable the students to study accounting and taxation elaborately and comprehensively. It gives students extensive knowledge that they can benefit from and use in their careers. The students through practical work get hands-on experience that makes them ready for the industry.

It helps students to focus on varied topics such as GST, Income Tax, and TDS. Through this course, students reinforce competence which makes them an edge over their fellow competitors in the market. India is one of the largest developing countries. Following this scenario, the industries in India will continue to boom and the demand for professional employees will also continue to rise.

The growing Indian middle class has started learning the need for financial planning and investing. Therefore, Business Accounting and Taxation courses in Guwahati have become one of the most demanding courses among aspirants.

Career Options Available

The aspirants who want to pursue the Business Accounting and Taxation Courses in Guwahati after completion of their course have a lot of career options such as:

 Tax Accountants

A tax Accountant’s role is to assist clients by preparing different strategies to help them minimize their tax payments. They also arrange audits with the help of authorities and help them in solving matters related to tax.

Tax Analyst

Tax Analyst performs the general responsibility of preparing, reviewing, and filing tax documents for individuals or companies. Their work is to ensure that the company they work for pays tax on time.

Tax Manager

The role of the Tax Manager is to file and manage taxes for companies. It identifies and reduces tax risks and monitors client activities so that there is no error in tax filing.

 Financial Advisor

The most demanding job is that of a Financial Advisor. Financial Advisors are mostly self-employed in numbers. Their main job is to advise their clients to invest their money in a particular field to produce or gain profit.

Some other career options include Auditor, Accountant, Revenue Agents, Income Tax Officers, Tax attorneys, Tax Policy Analysts, Tax Planners, Tax Recruiters, and Employment Tax Specialists. Business Accounting and Taxation courses in Guwahati provide theatrical knowledge as well as practical knowledge to nurture them into Professionals in BAT.

Also Read: Online Business Accounting and Taxation Course 

Skills Required 

There are certain skills required for being proficient in your job and industry. These skills will include:

• Problem Solving
• Detail Oriented
• Deep Knowledge
• Adaptability
• Time Management and Organization
• Software proficiency
• Communication

If you have an inclination toward accounting and taxation and want to build your career in this field, this is the right place to get a detailed overview of the highly rated and reviewed taxation training classes in Guwahati. Business Accounting and Taxation courses in Guwahati offer special training classes in Guwahati to fresh graduates, working professionals, and students who are pursuing graduation.

The course is conducted by experts who help and guide students to find better job opportunities and open paths to different employment options. The taxation experts provide a clear concept about the subject and in-depth knowledge of the same. The students enrolled in the course will learn and gain knowledge of the present situation of the economy of the country.

They are going to gain proper knowledge about the Indian Tax system, the basics and the principles of accounting and taxation, the VAT system, GST calculation, etc related to taxation.

After getting certified with the course the students will be able to bag remunerative job opportunities and become skilled Tax Consultants. Hence, Business Accounting and Taxation courses in Guwahati offer industry-specific taxation training and certification.

Future of Business Accounting and Taxation Courses in India

Indian government levies tax on its residents. So as long the government of India imposes a tax on its citizens the career of a taxation employee is very bright because he or she is the one who has calculated the tax, profit and loss, and other account-related details. There is much other work related to finance, audit, and overall management services that need to be taken care of by professionals.

Every nation or country depends on the tax for the welfare of their country as much other expenditure of the state depends on it. This field is quite safe and stable in terms of career. Therefore, the demand for professionals related to accounting and taxation is never going to decrease in India or any other nation in the world.

Top 3 Business Accounting and Taxation Courses in Guwahati

There is a great demand among the aspirants to pursue Business Accounting and Taxation Courses in Guwahati. The top three institutes that provide the best curriculum for the course are as given below with details:

1. IIM SKILLS

IIM SKILLS, a top-notch institute headquartered in New Delhi, offers the best Business Accounting and Taxation courses in Guwahati. With an exceptional track record of happy graduates, the institute is the best fit for learning business accounting and taxation.

Course Name: Master BAT Course

Duration of the Course: 3 months

Course Fee: Rs. 49900 + taxes

Course Highlights of This BAT Course in Guwahati:

• Acquire in-depth knowledge about accountancy and accounting standards
• Learn to leverage cutting-edge tools like Tally, Quickbooks, Advanced Excel
• Get wholesome knowledge of GST and its related compliances
• Master the principles of MIS reporting using Advanced Excel
• Take in all the knowledge about Payroll and its elements
• More about financial auditing and reporting
• Get a comprehensive understanding of income tax
• Get exposure to real-world industry experience

Additional Benefits of this BAT Course in Guwahati

• Get entitled to leverage LMS for a lifetime
• 100% placement assistance.
• Industry-aligned resource material and ebooks
• Internship opportunities
• Practical assignments, case studies, and projects
• Immersive and interactive training by mentors
• 24*7 support and assistance
• Resume and interview support
• Post-training counseling and assistance

Curriculum:

• Advanced Accounting and Tally (Module 1)
• Goods and Services Tax (Module 2)
• TDS and Tally(Module 3)
• Payroll Policies (Module 4)
• Income Tax (Module 5)
• Advanced Excel and MIS Reporting (Module 6)

Course Fee: INR 49900

Professional Courses from IIM SKILLS

• Digital Marketing Course
• SEO Course
• Technical Writing Course
• GST Course
• Content Writing Course
• Financial Modeling Course
• CAT Coaching

Contact: +919580740740, [email protected]

Recommended Read: Business Accounting and Taxation Courses in India

2. Udemy

Udemy is one of the renowned institutes that provide online courses on GST and BAT. The courses offered by Udemy are delivered online mode. The courses are delivered and trained by professionals or experts. They provide a diverse curriculum. Udemy is one of the best choices for the Business Accounting and Taxation Courses in Guwahati.

Course Name: Business Accounting and Taxation Training Course

Duration of the course: 4 Hours

Highlights of this BAT Course in Guwahati:

• financial statements.
• Learn to analyze Business transactions.
• Learn about important accounting regulations.
• Learn about short-term versus long-term investments.
• Credits and Debits.
• Learn accounting cycles.
• Information about Accounts receivable.
• Identify income statement.
• Learn about the statement of retained earnings.
• Practical knowledge about how to work on a balance sheet.
• Learn to prepare bank reconciliation.
• How does Depreciation work?
• Know about Amortization and the process of disposal of assets.
• Learn Bonds and their concepts.
• Learn about the cash flow concept.
• Stocks and dividends.
• Know about bad debts.
• Know about concepts of internal controls
• Pretty cash issues.

Additional Benefits of this BAT Course in Guwahati:

• Access to On-Demand videos
• Access to research articles that are shared.
• You will be able to download five engaging resources.
• Full-time access to the course.
• Entitled to Certification post-course.
• You will be provided with easy and engaging videos by the experts.
• Training will be provided by Udemy.

Curriculum:

• Accounting, Inventory, and Taxation Management.
• Tally Prime
• GST
• Income Tax
• TDS
• TCS

Course Fee: Rs. 8640

Recommended Read: Online Financial Modeling Courses

3. Tally Training Institute in Guwahati

The fast-changing business scenario has increased the demand for experts in Taxation, Payroll Accounting, and GST. All the banking, accounting, and auditing work can be done using Tally software. It helps to maintain business transactions instantly.

The Tally Training Institute allows you to develop yourself and make your job ready. This course is a featured-based approach that introduces students to Accounting on computers. After completion of this course, you can excel as an accountant and as a Chief Financial Officer in companies.

Apart from the diploma course, there are many specialized courses in Tally Training Institute that provides perfect job to the candidates after completion. Therefore, this is one of the best institutes that provide Business Accounting and Taxation courses in Guwahati.

18 Months Diploma Course:

This diploma course aims at training the students in the basics as well as advanced accounting principles along with training in English. The students will be able to land a job at the managerial level. One must be 10+2 or any graduate is eligible for this diploma course.

15 Months Diploma Course: 

The 15-month diploma course provides students with enough knowledge to work in SAP apart from training them in different facets of accounting. There are various modules for finance and accounting. It provides quality training to get them a well-paid job. To apply for this course one needs to be 10+2, a graduate in any stream. Any working professional or anyone pursuing an MBA, CA, CPT, etc can also apply for this course.

Payroll Course:

This course is designed to train students on the software that will enable the students to handle and manage payroll.

Diploma in Taxation: 

This degree holds utmost importance among all others. The diploma in Taxation teaches wide aspects like the teachings of income tax filings, service tax returns, etc.

Curriculum

1. Accounting
2. Taxation, GST, TDS, Income Tax
3. Billing
4. Inventory
5. Payroll
6. Reporting

Course Fee of This BAT Course in Guwahati

Tally course depends on the tenure or the duration of the course.

Rs. 10,000 to be paid for two monthly installments.

Short term basic fee for the course is Rs. 5000.

The advanced tally program fee is up to Rs. 5000.

More Information About the BAT Course in Guwahati:

Course type – Regular/Online

Eligibility – 10+2

Employment opportunities – Banking sector, MNC Companies

Course duration – 2 to 3 months

Concepts Taught or Modules in This BAT Course in Guwahati:

1.  Fundamental concepts of accounting
2. Introducing the concept of Tally
3. Opening accounting in Tally and learning company creation
4. How to open a ledger account and how to create a voucher.
5. Modifying a company or industry detail.
6. Setting the features of a company
7. Cost category and cost center
8. Creating Inventory
9. Setting price list and budget
10. Learning to create Returns and loss balance sheets from accounting
11. Concept of VAT
12. How to calculate VAT
13. Concept of TDS
14. How to calculate TDS
15. Introduction to excise duty and custom duty
16. Learning price levels and price-lists
17. Payroll and its advanced features

Salary offered 

The average salary of a person after getting certified with the TALLY course ranges from 2- 10 lakhs per annum. This also depends on the experience of an individual and several other factors. Starting salary of a fresher may range from Rs. 12000 to Rs. 15000 per month.

Recommended Read: Business Accounting and Taxation Courses in Chennai

FAQ Related to BAT Course in Guwahati

1. Is there a scope of job in taxation in India?

Yes, there is a wide scope where you can land a lucrative job after completing the course from a certified institution. India has a varied area when it comes to taxation. Therefore there are a lot of opportunities if you are skilled enough and have the potential to prove yourself. It offers a satisfying career option in terms of salary. So if have a passion for learning taxation and you are well aware of your strength and weakness you will land a great career.

2. Is the taxation course difficult?

Probably yes till you learn the basic concepts and have a proper understanding of them. But once you have a proper hold of the knowledge you will be able to solve them easily. In other words, once you gain the hands-on experience you will feel it easy. This too depends on the trainer or the expert under whom you are going to do your course.

3. Whether there is a work-life balance in a taxation career?

The working hours of most of the sectors like banking, and MNC Companies are from 9 TO 5. In the initial years, a fresher needs to gain experience to get the flow. The busiest working time in this field is from January to May when most of the tax document is filed. Rest of the other months it is fine. If you are happy and content in your workplace spending a few extra hours sometimes wouldn’t affect you much. So this depends on the firms for whom you are working.

4. Which Tally course is best in the market for getting a job?

Almost all the courses if certified from a recognized and certified institution will land you a job. Tally ERP 9 is mostly in demand by most companies as it is considered to be secure and difficult to hack. It is used by business owners all over India to manage their day-to-day business activities and generate reports to make important decisions. ERP 9 is a package of a vast set of features that makes it a reliable and flexible source to use.

5. Why do I need to do a separate taxation course even though I am holding a degree in Commerce?

The courses that are offered by different institutions on Taxation give a separate and detailed study focus mainly on ‘Taxation’ as a subject. It deepens your understanding of the subject through a practical approach with the help of projects and case studies. Through internship programs, it gives a practical insight into working in the industry. The hands-on experience gained from the internship program helps you make job-ready. So if you are already holding a degree in Commerce you still have to take a separate course in taxation if you want to build a stable career in Taxation.

Conclusion

Guwahati is one of the fast-emerging cities in the northeastern part of India. With more people being part of the Indian Tax System directly or indirectly, the need for in-depth knowledge about accounts and Tax becomes important. And with the growing economy, there will be more need for manpower or resource with good in-depth knowledge of Business Accounting and Taxation in the companies. The above-discussed institutions are among the best Business Accounting and Taxation courses in Guwahati that operates both online and offline making it flexible for the interested candidates.