Module 1
Introduction to Tally and GST
Overview of Tally ERP: Features, setup, and navigation.
Basics of Goods and Services Tax (GST) in India: Understanding GST structure and types.
Configuring Tally for GST: Setting up GST in Tally, company creation, and enabling GST features.
Module 2
GST Taxation and Accounting
Understanding GST components: CGST, SGST, IGST, and their applicability.
GST Invoice creation and managing GST in transactions.
GST returns in Tally: GSTR-1, GSTR-3B, and GSTR-9.
Module 3
VAT (Value Added Tax) and Its Application
Overview of VAT: Understanding VAT, its structure, and types.
VAT configuration in Tally: Setting up VAT, creating VAT rates, and applying VAT on transactions.
VAT returns: Preparing and filing VAT returns in Tally.
Module 4
Accounting with GST and VAT in Tally
Creating ledgers for GST and VAT: Sales, purchases, taxes, and ledger groups
Accounting for GST and VAT: Recording transactions with GST/VAT and verifying tax calculations.
Managing GST and VAT credit: Input tax credit (ITC) and utilizing it for tax payments.
Module 5
Advanced Features in Tally for GST/VAT
Managing Multi-GST Rates: How to apply different GST rates for different products.
Tax Deducted at Source (TDS) and Tax Collected at Source (TCS): Configuration and accounting in Tally.
Generating GST and VAT reports in Tally: Customizing and viewing tax-related reports for audit and filing purposes.
Module 6
Practical Applications and Project
Accounting and GST/VAT for a small business in Tally: End-to-end practical simulation.
Reconciliation of GST and VAT accounts in Tally.
Final Project: Preparing GST/VAT returns and reports for a business in Tally.
