Goods and Services Tax (GST) is a value-added tax system implemented by many countries around the world, including India, Canada, Australia, and several others. It is designed to replace multiple indirect taxes levied by the central and state governments, streamlining the taxation process and reducing complexities. GST aims to simplify the tax system and make it more transparent. While the tax rates may vary for different goods and services, the overall objective is to bring down the tax burden on consumers.
Certificate course in Goods and Service Tax.
TallyPrime is an accounting software that provides support for handling various financial and business operations, including managing Goods and Services Tax (GST) requirements. TallyPrime helps businesses comply with GST regulations by offering features that enable GST calculation, invoicing, return filing, and reporting.
Duration
30 Days
Approx. 1.5 Months
Schedule
Weekdays
Mon to Fri - 1 Hour a Day
Course Overview.
Section 1
Overview of Goods and Service Tax
Section 2
Registration of GST
TallyPrime is a popular accounting software widely used by businesses for various financial operations, including managing GST compliance. TallyPrime provides several features and functionalities to handle GST requirements efficiently. TallyPrime allows businesses to register under GST directly from the software. You can provide the necessary details and generate the GSTIN (Goods and Services Tax Identification Number) easily.
Section 3
Masters Setup
TallyPrime enables you to set up GST-related masters, such as GST tax rates, tax groups, and tax accounts. These masters facilitate accurate tax calculations and reporting.
Section 4
Invoice Generation.
TallyPrime simplifies the process of creating GST-compliant invoices. It automatically calculates the applicable GST based on the item and tax rate defined in the masters. The software also supports multiple tax rates and tax components in a single invoice.
Section 5
E-Way Bill Generation
TallyPrime facilitates the generation of e-way bills directly from the software. It automatically captures the relevant details from the invoice and helps in generating the e-way bill quickly and easily.
Section 6
Input Tax Credit
TallyPrime enables businesses to track and manage Input Tax Credit. It allows you to record purchases, input tax paid, and claim ITC accordingly. The software automatically calculates the eligible ITC based on the purchase transactions.
Section 7
GST Compliance Reports
TallyPrime offers various reports that aid in monitoring and ensuring GST compliance. These reports include GSTR-1, GSTR-3B, GSTR-4, GSTR-9 (Annual return), and more. These reports provide a comprehensive view of the business's GST transactions and help in identifying any errors or discrepancies.
Section 8
GST Returns Filing
TallyPrime provides features for generating GST returns such as GSTR-1 (Outward supplies), GSTR-3B (Summary return), GSTR-4 (Quarterly return for composition dealers), and more. The software simplifies the process of filing returns by generating the necessary reports and supporting e-filing.
Section 9
Reconciliation.
TallyPrime allows you to reconcile the GST-related data with the data uploaded on the GST portal. This ensures accuracy and helps in identifying any discrepancies between the books of accounts and the GST returns.
Technologies / Softwares covered.
Tally Prime
Course Availibility.
Live Online
Faculty-Led online training.
Online doubt solving sessions.
Recorded version of live lectures for revision and replay.
Lecture and Practice files.
Certificate on course completion.
Pre-Recorded
Self-Paced learning with pre-recorded lectures.
Lecture and Practice files.
Certificate on course completion.
