An Advanced Tally with GST computer course typically focuses on equipping students with the necessary skills to use Tally ERP 9 (or the latest version of Tally Prime) for accounting and business management with an emphasis on Goods and Services Tax (GST) compliance. The course covers the advanced features of Tally, focusing on GST-related processes such as invoicing, tax calculations, returns filing, and reporting, along with general accounting and financial management functionalities.
Here is a typical Advanced Tally with GST Computer Course Content outline:
1. Introduction to Tally and GST
- Overview of Tally:
- Introduction to Tally ERP 9 / Tally Prime
- Understanding the Tally interface and navigation
- Tally Features: Accounting, Inventory, GST, Payroll, etc.
- Installing and setting up Tally (Basic setup)
- Basics of Goods and Services Tax (GST):
- Understanding GST and its impact on businesses
- Types of GST: CGST, SGST, IGST, UGST
- GST Registration and GSTIN (Goods and Services Tax Identification Number)
- GST rates and HSN/SAC Codes
2. Company Creation and Basic Setup
- Creating a Company in Tally:
- Steps to create a new company in Tally
- Company details: Name, Address, Financial year, and Currency settings
- Configuring GST Settings in Tally:
- Setting up GST for company (GST Registration Number, GST defaults)
- Enabling GST for transactions and reports
- Setting up Tax Rates and ledgers for GST
- Configuring GST tax types (CGST, SGST, IGST)
3. Accounting and Bookkeeping in Tally
- Voucher Entries in Tally:
- Accounting vouchers (Sales, Purchase, Payment, Receipt, Contra, etc.)
- GST-compliant Sales and Purchase entries
- Auto-calculation of GST in transactions
- Configuring GST in accounting entries for different types of transactions
- Creating Ledgers:
- Creating GST-specific ledgers (CGST, SGST, IGST)
- Creating Tax Ledgers and setting up Tax rates
- Configuring Accounts and Tax groups
- Multi-currency and its impact on GST
4. GST Invoicing in Tally
- Creating GST-Compliant Sales and Purchase Invoices:
- How to create GST-compliant invoices (Sales and Purchase)
- Using tax rates and tax ledger accounts in invoices
- Including GST details in invoice formats (HSN/SAC codes, Tax rates, GSTIN)
- Advance Receipts and Payments:
- Handling advance payments and receipts in GST-compliant way
- Generating GST-compliant Advance Invoices
- GST treatment of advances and adjustments
- GST on Debit and Credit Notes:
- How to create Debit and Credit Notes
- Adjusting GST for returned goods or services
5. GST Reports and Returns
- Generating GST Reports in Tally:
- GST Summary Reports
- GST Returns Overview: GSTR-1, GSTR-2A, GSTR-3B
- GST Tax-wise reports (Output Tax, Input Tax)
- Filing GST Returns in Tally:
- Filing GSTR-1 (Sales Returns)
- Filing GSTR-3B (Summary of GST Liabilities)
- Generating GSTR-9 (Annual Return)
- Managing GSTR-2A for reconciliation of Input Tax Credit
- Filing GSTR-9C (Reconciliation of Annual Returns)
6. Managing Inventory with GST in Tally
- Inventory Management:
- Creating and managing Stock Groups, Stock Categories, and Stock Items
- Enabling GST in inventory items
- Defining HSN Codes for inventory items
- Stock Valuation and GST Impact:
- FIFO and LIFO methods of stock valuation
- Impact of GST on stock valuation and pricing
- Purchase and Sales Invoicing with GST:
- Creating purchase and sales vouchers with GST details
- GST-compliant Stock item billing (input-output tax effect)
- Stock transfers with GST (inter-branch transactions)
7. Advanced Tally Features with GST
- GST Reconciliation and Audit:
- Reconciliation of GST paid and GST collected
- Matching of GSTR-3B with books
- Identifying discrepancies in GST filings
- Advanced Tax Computation:
- Handling GST in case of reverse charge mechanism
- Tax computation for export sales (IGST on export)
- Handling GST exemptions and deductions
- GST on Import and Export of Goods:
- Treating imports with IGST and other tax considerations
- Export documentation and zero-rated GST
- GST Payment through Tally:
- Making GST payments (e.g., Payment of GST Liability)
- Tally’s GST payment gateway integration (if applicable)
- GST payment reconciliation
8. Payroll Management in Tally
- Employee Payroll Setup:
- Creating employee groups, ledgers, and pay heads
- Setting up deductions (TDS, PF, ESI, etc.)
- Configuring salaries and payroll details
- GST and Payroll:
- Understanding GST’s impact on salary-related taxes
- Managing employee reimbursements and GST treatment
9. Tax Deducted at Source (TDS) and GST
- Setting up TDS in Tally:
- Configuring TDS rates and ledgers
- Creating TDS-related vouchers
- GST and TDS Filing in Tally:
- Understanding TDS and GST filings in compliance with Indian Taxation
- TDS and GST returns for individuals, contractors, and service providers
10. Advanced GST Reports and Data Management
- GST Auditing and Financial Reports:
- Generating GST Audits and comprehensive reports
- Data backup and recovery for GST reports and returns
- Customizing Tally reports for in-depth analysis
- Integration with GST Portal:
- Uploading data from Tally to the GST portal (e-filing)
- Troubleshooting issues with GST filings in Tally
- Accessing and correcting mismatches in GST filings
11. Practical Case Studies and Projects
- Hands-on Practice:
- Implementing GST in a live business scenario (creating invoices, tax calculations, filing returns)
- Managing multi-state GST in Tally (CGST, SGST, IGST)
- Simulating GST audits and filing errors
- Real-World Scenarios:
- Case studies of different business types (Retail, Manufacturing, Services)
- GST and its complexities in multi-location businesses
- Final Project:
- Creating and managing a complete GST-compliant accounting system for a business
- Filing GST returns for multiple months and generating reports