GST Professional course | Vertiskills

Categories: Tally
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About Course

Course: Tally Essential – Level 3

Overview

TallyEssential Level 3 is designed for first-year students who’ve mastered the basics and intermediate capabilities of TallyPrime. This course specializes in advanced monetary management and compliance strategies, imparting an in-depth understanding of Goods and Services Tax (GST), Tax Deducted at Source (TDS), commercial enterprise information management, and transitioning to a new economic year, with content material up to date to include TallyPrime versions 3.0 and 4. Zero, 4.1, and 5.0, this application guarantees novices stay updated with the latest functionalities and requirements.

Course Content

Core Modules (SKU/Chapter Names):

  1. Recap of Level 2
    • Quick revision of key principles from TallyEssential Level 2.
    • Strengthening the muse for advanced learning.
  2. Chapter 1: Goods and Services Tax (GST)
    • Comprehensive information on GST compliance.
    • Recording GST transactions, generating returns, and filing e-Invoices.
  3. Chapter 2: Tax Deducted at Source (TDS)
    • Setting up and dealing with TDS in TallyPrime.
    • Recording TDS transactions and producing TDS reviews.
  4. Chapter Three: Management of Business Data
    • Ensuring data security and backup.
    • Restoring, migrating, and archiving organization statistics correctly.
  5. Chapter 4: Moving to the Next Financial Year
    • Seamless transition of business enterprise statistics to a brand new economic year.
    • Carrying forward balances and ensuring record accuracy.

Learning Hours

Total Duration: 35 Hours

Key Highlights

  • Advanced Financial Management: Learn superior GST and TDS methods.
  • Data Management Expertise: Gain competencies in secure commercial enterprise data handling.
  • Updated Curriculum: Includes the state-of-the-art functions of TallyPrime version three.Zero to five.Zero.
  • Certification: Receive a TallyEssential Level three certificate upon direction finishing touch.
  • Expert Training: Taught with the aid of experienced Tally-certified professionals.

What You Will Learn

  • A recap of critical Level 2 ideas.
  • Detailed understanding of GST compliance, transactions, and e-invoicing.
  • Setting up, recording, and reporting TDS in TallyPrime.
  • Best practices for business statistics safety, backup, and migration.
  • Transitioning agency statistics to the following financial year seamlessly.

Who Should Enroll?

  • Students and professionals aiming for advanced information in TallyPrime.
  • Accountants and finance managers coping with complex compliance and facts.
  • Business proprietors managing GST, TDS, and monetary 12 months-give up approaches.
  • SMEs and companies transitioning to advanced financial structures.
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What Will You Learn?

  • A recap of critical Level 2 ideas.
  • Detailed understanding of GST compliance, transactions, and e-invoicing.
  • Setting up, recording, and reporting TDS in TallyPrime.
  • Best practices for business statistics safety, backup, and migration.
  • Transitioning agency statistics to the following financial year seamlessly.

Course Content

Module 1: Introduction to Goods and Services Tax (GST)
This module provides comprehensive coverage of GST-related concepts and their application in TallyPrime, including an Introduction to GST, e-Way Bill, GST e-Invoicing, and the Hierarchy of Tax Calculation in Transactions. It includes hands-on learning for Recording GST-Compliant Transactions, Generating e-Way Bill Reports in TallyPrime, and Input Tax Credit Set-Off Against Liability. Additionally, it covers GST Tax Payments, Generating GST Returns for Regular Dealers, and Filing GST Returns in TallyPrime.

Module 2: Advanced Goods and Services Tax (GST)
This module delves into advanced GST principles and their sensible software in TallyPrime. Key topics consist of GST e-Invoicing and recording various GST-compliant transactions, which include: Intrastate Supply of Goods & Services Interstate Supply of Goods Purchases from Unregistered Dealers Purchases from Composition Dealers Accounting for Mixed and Composite Supplies Supply of Exempted or Nil-Rated Goods Supply to Special Economic Zones (SEZ) Supply to Other Territories Supply to Unregistered Dealers Learners will gain insights into the Reverse Charge Mechanism underneath GST, Export of Goods, and dealing with Advance Receipts. The module offers step-by-step guidance on generating critical GST reviews, including e-Invoice Reports and e-Way Bill Reports, while handling Input Tax Credit (ITC) Set-Off Against Liabilities, GST Tax Payments, and Reversals of Input Tax Credit.

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