Course description

Highlights:

 Tally Basics: Learn the fundamentals of Tally, including its features, user interface, and how it can be used for bookkeeping and accounting.  Tally GST Integration: Understand how Tally integrates with GST, simplifyingtaxcalculations and GST returns filing.  GST Features in Tally: Master how to manage GST rates, generate GST-compliant invoices, and handle input tax credit (ITC) in Tally.  GST Returns & Compliance: Learn how to file GST returns directly fromTally.  Practical Implementation: Apply real-world case studies to understand howbusinesses can implement GST in Tally.

Course Objectives:

By the end of this course, you will be able to:  Understand the basics of Tally Prime and how it helps in business accounting.  Learn to configure Tally for GST compliance and set up GST tax rates.  Generate GST-compliant invoices using Tally.  File GST returns directly from Tally.  Reconcile input tax credit (ITC) and understand GST-related reports in Tally.  Implement Tally for GST compliance and manage business finances effectively.

Course Structure:

1. Introduction to Tally Prime o Overview of Tally Prime and its features. o Tally interface and navigation: How to use Tally effectively. o Chart of Accounts, Ledgers, and Voucher entry in Tally. o Introduction to Tally’s Inventory management features. o How Tally helps in business accounting and tax compliance.

2. GST Basics and Integration with Tally o Overview of Goods and Services Tax (GST) and its impact on businesses. o GST registration process and GSTIN (Goods and Services Tax IdentificationNumber). o GST structure in India: CGST, SGST, IGST. o How Tally Prime integrates with GST: Benefits and features.

3. Configuring GST in Tally o Setting up GST in Tally: Activating GST and configuring tax rates. o Defining GST rates for goods and services in Tally. o Enabling GST in transactions, such as purchases and sales. o Handling GST on purchases, sales, and stock movements. o Configuring GST for different types of transactions

4. Creating GST-Compliant Invoices in Tally o Generating GST-compliant invoices for sales and purchases. o How to add GST details like HSN codes, GST rates, and tax components. o Handling GST for different types of transactions: Local sales, interstate sales, etc. o Applying discounts and managing GST on taxable values.

5. GST Returns Filing in Tally o Understanding different types of GST returns o How to generate GSTR-1 (Sales Return) and GSTR-3B (Summary Return) inTally. o Filing GST directly from Tally. o Filing Annual GST return in Tally. o E-filing GST returns: Understanding the steps and filing process.

6. GST Reports and Reconciliation in Tally o Generating GST reports from Tally: Sales, Purchases, and Tax Summary. o Reconciliation of Input Tax Credit (ITC) o Handling discrepancies in GST reports and returns. o Matching purchase and sales entries with GST returns. o Managing GST liability

7. GST Audits and Assessments in Tally o Understanding GST audits and their importance. o How Tally helps in GST audit preparation. o GST self-assessment and assessment procedures. o Ensuring compliance with GST requirements in Tally. o Preparing for GST audits and addressing non-compliance issues.

8. Advanced Topics in Tally + GST o Managing GST for businesses with multi-location operations. o GST on e-commerce transactions and online businesses. o Handling GST for exports and imports in Tally. o GST impact on various sectors o Advanced GST configurations and customizations in Tally.

Learning Methodology:

 Interactive Lectures: Learn through structured lessons led by industry experts.  Hands-on Practice: Work with case studies and practical examples using TallyPrime.  Assessments and Quizzes: Regular assessments to evaluate understandingandreinforce learning.  Live Sessions: Participate in live Q&A sessions for clarification and support.  Discussion Forums: Engage with peers and instructors in discussions to solveTally +

Who Should Enroll:

 Aspiring accountants and professionals looking to specialize in Tally and GST.  Small business owners and entrepreneurs who need to understand GSTcompliance and use Tally for accounting.  Financial managers and accountants responsible for managing GST-relatedtransactions.  Students interested in pursuing a career in accounting, taxation, and business management.  E-commerce business owners and managers seeking to manage GSTcomplianceusing Tally.  Anyone interested in learning Tally and GST for business or professional purposes

This Tally + GST course is an essential learning path for anyone looking to master theintegration of Tally Prime with GST. Whether you are an accountant, a business owner, orsomeone looking to understand tax compliance and accounting software, this coursewill provide you with the knowledge and skills necessary to handle GST in Tally effectively.
 

What will i learn?