Tally Prime including GST
A Tally Prime including GST course is designed to provide individuals with a comprehensive understanding of the Tally Prime software, focusing specifically on its features related to Goods and Services Tax (GST). This course is tailored for accounting professionals, business owners, and individuals seeking proficiency in managing financial transactions, compliance, and reporting using Tally Prime in the context of GST regulations.
- Tally Prime Basics
- GST Fundamentals
- Configuring GST in Tally Prime
- GST Invoicing in Tally Prime
- Duration: 9-12 months
- GST Returns Filing
- GST Reconciliation
- Advanced Features
- Practical Application
- Fees: 10,000/- (Full Course)
Key components covered in a Tally Prime including GST course include :
- Tally Prime Basics
The course typically starts with an introduction to Tally Prime, covering its interface, navigation, and basic functionalities. Participants become familiar with the software's user-friendly features and capabilities.
- GST Fundamentals
Participants learn the fundamentals of GST, including the concepts of input tax, output tax, GST registration, and the various GST return forms. Understanding the basics of GST is crucial for accurately using Tally Prime to manage GST-related transactions.
- Configuring GST in Tally Prime
The course delves into the configuration settings within Tally Prime that are specific to GST compliance. This includes setting up GST tax rates, creating GST-compliant chart of accounts, and configuring other relevant GST parameters
- GST Invoicing in Tally Prime
Participants learn how to generate GST-compliant invoices using Tally Prime. This involves including essential details such as GSTIN, HSN/SAC codes, and tax amounts on invoices. The course may cover different types of invoices, including sales invoices, purchase invoices, and reverse charge mechanism (RCM) invoices.
- GST Returns Filing:
A significant portion of the course focuses on using Tally Prime for GST return filing. This includes the step-by-step process of generating GSTR-1 (for outward supplies), GSTR-3B (summary return), and other applicable returns. Participants are taught how to reconcile data within Tally Prime before filing returns to ensure accuracy.
- GST Reconciliation
The course covers reconciliation techniques within Tally Prime to match the data entered in the software with the data uploaded on the GSTN portal. This reconciliation process helps in identifying and rectifying discrepancies, ensuring compliance with GST regulations.
- Advanced Features
Depending on the course level, participants may explore advanced features of Tally Prime, such as multi-company consolidation, budgeting, and scenario management, to enhance their overall proficiency in financial management.
- Practical Application
Hands-on exercises and real-world scenarios are often integrated into the course to provide participants with practical experience in using Tally Prime for GST compliance. This practical application helps reinforce theoretical concepts and ensures that participants are well-prepared to apply their knowledge in professional settings
Completion of a Tally Prime including GST course equips individuals with the skills needed to effectively use Tally Prime for managing accounting tasks in a GST-compliant environment. This knowledge is particularly valuable for professionals working in finance, accounting, and taxation roles, as well as for business owners looking to efficiently handle their financial transactions and comply with GST regulations.
