INTERNSHIP REPORT
On
E-Accounting and Taxation with GST
Submitted in partial fulfillment of the requirements for the degree of
Bachelor of Commerce ([Link])
1st Year
Student Details
Name: [Your Name]
Roll Number: [Your Roll Number]
Course: [Link] (1st Year)
College/University: [Your College Name]
Internship Organization: [Name of the Firm/Company]
Duration of Internship: [Start Date] to [End Date]
Supervisor/Mentor: [Supervisor's Name and Designation]
Acknowledgement
I would like to express my sincere gratitude to [Company Name] for providing me with the
opportunity to undertake my internship in the area of E-Accounting and Taxation with a
focus on GST. I am especially thankful to my mentor, [Mentor’s Name], for their guidance
and support throughout the internship.
I would also like to thank my college faculty for their continuous encouragement and
support.
Certificate of Completion
(*Attach the internship completion certificate issued by the company here*)
Table of Contents
1. Introduction
2. Objective of the Internship
3. Company Profile
4. E-Accounting: Overview and Importance
5. Taxation and GST: Overview
6. Work Undertaken
7. Tools & Software Used
8. Learning Outcomes
9. Challenges Faced
10. Conclusion
11. Annexures (if any)
1. Introduction
The internship was conducted in the field of E-Accounting and Taxation, with a special
emphasis on the Goods and Services Tax (GST). This report highlights the knowledge
gained, the tasks performed, and the software tools used during the internship.
2. Objective of the Internship
- To gain practical exposure to E-Accounting processes.
- To understand GST filing and compliance procedures.
- To learn about Tally, Excel, and online tax portals.
- To experience real-world applications of accounting principles.
3. Company Profile
Company Name: [Name of the Firm]
Type of Business: [e.g., Chartered Accountancy Firm, Tax Consultancy, etc.]
Location: [City, State]
Key Services:
- Accounting & Bookkeeping
- GST Registration & Filing
- Income Tax Filing
- Financial Advisory Services
4. E-Accounting: Overview and Importance
E-Accounting refers to the application of online and computerized systems in accounting
processes. It includes tools like Tally ERP 9, Busy, Zoho Books, and Microsoft Excel. It
improves accuracy, saves time, and allows better compliance with tax regulations.
5. Taxation and GST: Overview
Taxation involves the process of levying and collecting taxes by the government. The main
types are:
- Direct Taxes (Income Tax)
- Indirect Taxes (GST)
Goods and Services Tax (GST) is a unified indirect tax that replaced multiple taxes in India.
It is categorized into:
- CGST (Central GST)
- SGST (State GST)
- IGST (Integrated GST)
Key Activities:
- GST Registration
- Filing GSTR-1, GSTR-3B
- Input Tax Credit (ITC) reconciliation
6. Work Undertaken
- Entry of sales and purchase invoices in Tally
- Preparation of trial balances and ledgers
- GST invoice generation and reconciliation
- Filing GST returns (GSTR-1 and GSTR-3B)
- Assisted in preparing financial statements
- Data validation in MS Excel
7. Tools & Software Used
- Tally ERP 9 / Tally Prime – for E-Accounting and GST returns
- Microsoft Excel – for managing data and preparing summaries
- GST Portal ([Link]) – for return filing
- Income Tax Portal – for PAN verification, ITR filing
8. Learning Outcomes
- Practical knowledge of accounting entries and ledgers
- Understanding of GST rules and regulations
- Improved Excel skills for financial data management
- Experience in filing GST returns online
- Understanding of audit trails and error detection
9. Challenges Faced
- Difficulty in understanding complex tax rules initially
- Adjusting to new software interfaces like Tally
- Managing time during month-end compliance periods
10. Conclusion
This internship offered a valuable opportunity to apply classroom knowledge to real-world
scenarios. I gained hands-on experience in e-accounting systems and an in-depth
understanding of GST and taxation practices. The experience has enhanced both my
technical and professional skills.
11. Annexures
- Annexure A: Sample Invoice
- Annexure B: Screenshot of GSTR-3B Filing
- Annexure C: Certificate of Completion
