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Course Content
Module 1: Goods and Services Tax
Module 2 : Recording and Returns
Module 3 : Tax Deducted at Source
Module 4 : Management of Business Data
Chapter 5 : Moving to the Next Financial Year
TallyEssential Level 3
About Lesson

1.1 Introduction to GST
1.1.1 Why GST?
1.1.2 GST Tax Structure
1.1.3 Determination of Tax
1.1.4 GST Registration
1.1.5 Managing HSN CODE/SAC
1.1.6 GST Rate Structure
1.1.7 Supply of Goods and Services
1.1.8 Invoicing
1.1.9 Debit Note, Credit Note/Supplementary Invoice
1.1.10 Receipt Voucher
1.1.11 Transportation of Goods without Issue of an Invoice
1.1.12 Input Tax Credit
1.2 E-Way Bill
1.2.1 Components of E-Way Bill
1.2.2 Who must generate E-Way Bill
1.2.3 Validity of E-Way Bill
1.2.4 E-Way Bill Process Flow
1.3 GST e-Invoicing
1.3.1 Benefits of e-invoice to the businesses
1.3.2 Date of implementing GST e-invoicing
1.3.3 Entities exempted for e-invoices
1.3.4 Generating E-Way bill with e-Invoice
1.3.5 Modification of e-Invoice
1.3.6 Role of e-Invoice in GST Returns
1.3.7 Various modes of generating e-invoice
1.3.8 Role of IRP in e-Invoice
1.3.9 The practice of Generating GST e-Invoice
1.3.10 E-invoice Details
1.3.11 Invoice Reference Number (IRN)
1.4 GST in TallyPrime
1.4.1 Creation of Company and Activating GST
1.4.2 Introducing Capital into the Business
1.4.3 Creation of Masters in TallyPrime
1.5 Hierarchy of Calculating Tax in Transactions
1.5.1 Defining GST Rates at Company Level
1.5.2 Defining GST Rates at Stock Group Level
1.5.3 Defining GST Rates at Stock Item Level
1.5.4 Defining GST Rates at Accounting Group Level
1.5.5 Defining GST Rates at Ledger Level
1.5.6 Defining GST Rates at Transaction Level

Module 2 : Recording and Returns

2.1 Introduction to TDS
2.2 Basic Concepts of TDS
2.3 TDS Process
2.4 TDS in TallyPrime
2.4.1 Activation of TDS in TallyPrime
2.5 TDS Statutory Masters
2.6 Configuration of TDS at Different levels
2.6.1 Configuration of TDS at Group level
2.6.2 Configuration of TDS at Ledger level
2.7 Recording TDS Compliant Transactions in TallyPrime
2.7.1 Expenses Partly Subject to TDS
2.7.2 Booking Expenses and TDS deduction on crossing Exemption Limit
2.7.3 Accounting Multiple Expenses and Deducting TDS later
2.7.4 TDS on Expenses at Lower and Zero Rate
2.7.5 TDS on Expenses at Higher Rate
2.7.6 Recording Transaction when TDS Exemption limit is not crossed
2.8 TDS Exceptions
2.9 TDS Payment to Department
2.9.1 Resolving Uncertain Transactions
2.9.2 TDS Outstanding
2.9.3 Payment of Tax to the Income Tax Department
2.9.4 Generating TDS Challan (ITNS 281)
2.9.5 Interest Payment to Income Tax Department on Delayed Tax Payment
2.10 TDS Report
2.10.1 Challan Reconciliation
2.10.2 Form 26Q
2.10.3 E-Return
2.11 Changes in TDS rates from 1st April 2021
Key Takeaways
Shortcut Keys
Practice Exercises

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