Tally GST - Comprehensive GST Compliance and Implementation

• In this course, you will learn to:
• Define GST compliance requirements in India and explain their significance
• Explain the concept of GST and its importance in the Indian taxation system
• Identify and categorize the different structures and types of GST applicable in India
• Summarize the role and functioning of the GST Council in India
• Differentiate between the various types of supply under GST and their implications
• Categorize GST rates and classifications based on goods and services
• Organize the steps involved in the GST registration process and identify key requirements
• Examine the mandatory criteria for GST registration and assess its applicability
• Report on the amendment and cancellation process for GST registration
• Compare and differentiate between intrastate and interstate GST transactions
• Diagnose and set up GST data configuration for various types of transactions in Tally
• Arrange and explain the process of generating GSTR1 and GSTR3B returns from Tally
• Summarize the process of GST E-Way Bill generation and its importance in compliance

• At the end of this course, learners will be able to:
• Interpret the structure and types of GST in India and assess their impact on businesses
• Illustrate the process of GST registration, including the criteria and required documents
• Compare intrastate and interstate GST transactions and examine their differences
• Interpret the significance of E-Way Bills and illustrate the steps for generating them in Tally
• Create an E-Invoice setup in Tally and verify its application in outward supply transactions
• Develop a process for managing zero-rated supply under GST, including LUT application
• Assess the applicability of Reverse Charge Mechanism (RCM) under GST and compare it with Forward Charge Mechanism (FCM)
• Review special cases in RCM, such as advance payments, and appraise their tax implications
• Design the import transaction process under GST, including data setup and RCM liability
• Prepare and modify advance receipt transactions under GST and assess their impact on tax liability
• Create and manage GSTR1 returns in Tally, including error rectification and reconciliation
• Interpret the conditions for claiming Input Tax Credit (ITC) and evaluate eligible and ineligible ITC scenarios
• Develop a process for ITC matching and reconciliation using GSTR2A and GSTR2B reports
• Formulate the steps for GSTR3B preparation and filing in Tally, including tax liability computation and ITC adjustment

The academic approach of the course focuses on ‘work-centric’ education. With this hands-on approach, derive knowledge from and while working to make it more wholesome, delightful and useful. The ultimate objective is to empower learners to also engage in socially useful and productive work. It aims at bringing learners closer to their rewarding careers as well as to the development of the community.

• Step 1: Learners are given an overview of the course and its connection to life and work
• Step 2: Learners are exposed to the specific tool(s) used in the course through the various real-life applications of the tool(s).
• Step 3: Learners are acquainted with the careers and the hierarchy of roles they can perform at workplaces after attaining increasing levels of mastery over the tool(s).
• Step 4: Learners are acquainted with the architecture of the tool or tool map so as to appreciate various parts of the tool, their functions, utility and inter-relations.
• Step 5: Learners are exposed to simple application development methodology by using the tool at the beginner’s level.
• Step 6: Learners perform the differential skills related to the use of the tool to improve the given ready-made industry-standard outputs.
• Step 7: Learners are engaged in appreciation of real-life case studies developed by the experts.
• Step 8: Learners are encouraged to proceed from appreciation to imitation of the experts.
• Step 9: After the imitation experience, they are required to improve the expert’s outputs so that they proceed from mere imitation to emulation.
• Step 10: Emulation is taken a level further from working with differential skills towards the visualization and creation of a complete output according to the requirements provided. (Long Assignments)
• Step 11: Understanding the requirements, communicating one’s own thoughts and presenting are important skills required in facing an interview for securing a work order/job. For instilling these skills, learners are presented with various subject-specific technical as well as HR-oriented questions and encouraged to answer them.
• Step 12: Finally, they develop the integral skills involving optimal methods and best practices to produce useful outputs right from scratch, publish them in their ePortfolio and thereby proceed from emulation to self-expression, from self-expression to self-confidence and from self-confidence to self-reliance and self-esteem!