Tally Essentials

GST Registration
GST Tax Structure
Managing HSN Code/SAC
Determination of Tax
Supply of Goods and Services
Invoicing
Input Tax Credit
E-way Bill
GST e-Invoice
Components of E-way Bill
Who must generate E-way Bill
Validity of E-way Bill
E-way Bill Process Flow
Creation of Company and activation GST
Introducing Capital into business
Creation of Masters in TallyPrime
Benefits of e-invoices to the business
Date of Implementing GST E- invoicing
Entities exempted for e- invoices
Generating E-way bill e- invoices
Modification of e-invoices
Role of e-invoices in GST Returns
Various modes of generating e-invoices
Role of IRP in e-invoice
The Practice of Generating GST E-invoices
E-invoices deatils
Invoices Reference Number (IRN)

Defining GST Rates at Company level
Defining GST Rates at Stock Group Level
Defining GST Rates at Stock Item level
Defining GST Rate at Accounting Group level
Defining GST Rate at ledger level
Defining GST Rate at Transactions level
Accounting Intrastate Supply of Goods & Services
Accounting Interstate Supply of Goods and Services
Accounting Purchase and Sales Return of Goods with GST
Supplies Inclusive of Tax
Conditions to be satisfied under the scheme
Creation of Company and Activating GST in TallyPrime
Accounting Intrastate and Interstate Supply of Goods
Generating GST Returns for composition dealer in Tally
GST Tax Payment

Export for e-way Bill report
Exporting Bulk or consolidate e-way bills
Update e-way Bill Information
Adjusting Input Tax Credit against Tax Liability
Timeline for payment of GST Tax
Modes of Payment
Challan Reconciliation
GSTR-1
GSTR-3B
GSTR-9 GST Annual Computation
Recording outward supply and generating e-invoices without e-way bill
Recording outward supply and generating e-invoices with e- way bill
E-Invoice Report
Filing GSTR-1 Returns
Filing GSTR-3B Returns
Filing GSTR-9Returns -GST Annual Computations
Creation of Company and Activating GST in TallyPrime
Accounting Intrastate supply of goods and services
Input Tax Credit Set off against liability and Tax Payment
Invoices Furnishing Facility (IFF)IN QRMP Scheme

Introduction to TDS
Basic Concepts of TDS
TDS in TallyPrime
Activation of TDS in TallyPrime
TDS Statutory Masters
Challan Reconciliation
Form 26 Q
E-Returns
Changes in TDS rates from 1st April 2021

Configuration of TDS at Group level
Configuration of TDS at Ledger level
Expenses Partly Subject to TDS
Booking Expenses and TDS Deduction on crossing exemption limit
Accounting Multiple Expenses and Deducting TDS Later
TDS on Expenses at lower and Zero Rate
TDS on Expenses at Higher Rate
Recording transactions when TDS Exemptions limit is not crossed

In day to day business activity, we come across different types of business scenario or exceptions
Resolving Uncertain Transactions
TDS Outstanding
Payment of Tax to the income Tax Department
Generating TDS Challan (ITNS 281)
Interest Payment to Income Tax Department on Delayed Tax Payment

Introduction Exporting of Data in available formats Resolving Uncertain Transactions TDS Outstanding Payment of Tax to the income Tax Department Generating TDS Challan (ITNS 281) Interest Payment to Income Tax Department on Delayed Tax Payment

Printing of Company Logo on Vouchers Invoices and Reports Export and Import from one company to another in XML Format Export and Import of Transactions from one company to another in XML format Exporting Reports to MS Excel Exporting Reports to PDF

Introduction Company Data handling through Export and Import of Data Advantages Benefits Walk Through Tally Create a new company and maintain books of accounts for new financial year Creation of group company data and walk through Tally Comparative Final Accounts Reports of multiple companies on a single page Walk through Tally