assignment of gst in tally

AI Summary to Minimize your effort

Basic Guide to use Tally ERP 9. Release 6 for GST

Updated on : Jan 12th, 2022

17 min read

With the GST implementation, various accounting software such as ClearTax and Tally are available to help you prepare your books in alignment with GST rules. In this article, we will guide you how to use Tally ERP 9. Release 6 for GST. You can also integrate your Tally ERP 9 solutions with ClearTax GST . In order to use Tally, a user must create a company on Tally, enable the GST features and create the necessary ledgers. Let’s check them out in detail.

How to create a company

• Go to Gateway of Tally > Alt + F3 > Create Company
• Enter the basic information, i.e., name, mailing name and address of the company, currency symbol etc.
• In the ‘maintain field’, select Accounts Only or Accounts with Inventory as per the company requirements.
• In the Financial Year from, the first day of the current financial year for e.g., 1-4-2017 will be displayed by default, which can be changed as per requirement.
• Enter the Tally Vault Password if required.
• Press Y or Enter to accept and save.

Details to be filled in the company creation screen

It is nothing but the data storage location. The tally directory will store all data you entered in Tally ERP 9. Anyway, by default, the data storage will be inside the installation folder.

In this field, we are required to type the name of the company, for example. XYZ INC.

Primary mailing details

• Mailing name In this field, we are required to type the name of the company, for example. XYZ INC.
• Address In this data field, we are required to enter the address of the company.
• Country Here we are required to select the country from the list in which the business Operates.
• State In this data field, we have to select the state in which we would comply with statutory laws
• Pincode Pincode of the location where the office exists.

Contact details

• Phone no Enter the Company contact number which we would like to display on Invoices
• Mobile no Enter the Contact number of Managing Person to whom any queries related to Invoicing or Delivery of product, complaint in the product could be reached to
• Fax No Enter the Fax number to which any confirmation statements, ledger copies etc., could be sent and received
• E-mail Enter the company’s email address to which any product inquiry and other communications could be made.
• Website Enter the company’s web address if any

Books and financial year details

• The financial year begins from In this data field, you have to type the financial year in which you want to create a company. Suppose you may be starting a company on 1st December 2018, you should enter the financial year from 01.04.2018.
• Starting in the middle of the financial year.
• Companies that are migrating from Manual Accounting to Tally ERP 9 in the middle of the financial year.

Security control

• Tally Vault password (if any) This data filled is for security purposes. By enabling this field, Tally ERP 9 Convert tally data into an encrypted format. To encrypt means convert data from recognised format to unrecognised format. By entering the Tally Vault password we can prevent unauthorized access to company data. Now in Latest Tally ERP 9, There is a password strength indicator, which will help you to set a strong password. Red colour indicates a weak password whereas peach-orange colour: fair, Yellow is good and Green colour indicates a strong password. Caution: Forgetting Tally vault password will render the data inaccessible

Use security control?

Enabling this data field, we will get complete control over the data, we can assign users for specific purposes, for example:

• We can assign data entry operators who can access only voucher entry screens.
• We can assign billing clerks who can access only the Sales invoice voucher
• We can assign Financial managers who can access financial data and reports as the administrator controls his access.

In this data field, we will be asked the administrator name and password.

Base currency information

• Base currency symbol In this data field, the currency symbol of the country is auto-selected based on the country of origin fed by you in the previous data field. There is no need to change this data field if you are using the same currency for accounting.
• Formal name This is the formal name of the currency selected in the previous field
• Suffix symbol to amount? This data field will ask you whether a currency symbol is required for example: prior to an amount like Rs. 4,500
• Add space between amount and symbol? This data field is like Rs. 4,500 space in between currency symbol and amount.
• Show amount in millions? If we set this data field to Yes, Tally will display the amount in millions that are in the Balance sheet or other reports. The amount for example 100,00,000 will be shown as 10. [One million equals 10,00,000].
• for using Paisa in Indian currency we use 2 decimal place.
• for using cents in American dollar currency we use 2 decimal places
• Word representing the amount after decimal This data field is used in printing, in Indian currency decimal portion is said to be Paisa. Set this field as per your formal name of the decimal value in your currency. For USD it is cents. Hundred cents make one dollar.
• Number of decimal places for the amount in words If we set this data field to 1 decimal places in Indian currency, then while printing 75 Paisa. Will print as seventy Paisa, if we set this to 2 decimal places, then it will print the second fraction like seventy-five Paisa.

To save the details entered in the company creation screen If you have entered all the details and after verifying it seems to be right, then you have to accept the screen by pressing Enter and again Enter to accept and save the details.

Note: If we have enabled the Tally Vault password, then in the next screen it will ask the Name of the user and Password details. After entering these details, Tally ERP 9 will create a company and direct you to the Menu Gateway of Tally Where you can create masters and enter transactions.

Enabling GST features in Tally

• Go to Gateway of Tally > F11: Features > F3: Statutory & Taxation
• On the screen you will find the following option :
• Enable goods and service tax (GST): Yes
• Set/alter GST Details: Yes.
• This will display another screen where you can set GST details of the company such as the state in which the company is registered, registration type, GSTIN number etc.

To use Tally.ERP 9 for GST compliance, you need to activate the GST feature. Once activated, GST-related features are available in ledgers, stock items, and transactions, and GST returns can be generated.

Activate GST for Regular Dealers

1. Open the company for which you need to activate GST.

2. Press F11 > F3 .

3. Enable Goods and Services Tax (GST) – Yes .

4. Set/alter GST details – Yes . The GST Details screen appears.

5. State – shows the State name as selected in the Company Creation screen. This helps in identifying local and interstate transactions according to the party’s state.

The State can be changed in the GST Details screen and this change will affect the company master. Once the company’s state is changed the existing transactions will have an effect. To inform users of this effect, a warning message appears when the state name is changed.

6. Set the Registration type as Regular .

7. Set the option Assessee of Other Territory to Yes , if your business unit is located in the Exclusive Economic Zone (another territory).

8. Specify GST Applicable from date. GST will be applicable for your transactions from this date onwards.

9. Specify the GSTIN/UIN for the business. This can be printed in the invoices as required. You can specify this later.

10. Select the Periodicity of GSTR1 as Monthly or Quarterly , based on your business turnover.

11. The option e-Way Bill applicable is set to Yes , with the Applicable from the date and Threshold limit .

12. Select the value to be considered for e-Way Bill for the option Threshold limit includes .

13. Set the option Applicable for intrastate to Yes , if it applies to your State and enter the Threshold limit .

Note : Additional fields may appear for few states depending on the statutory needs of that state, such as:

(1) Kerala : The fields Kerala Flood Cess applicable? and Applicable from appearing for companies with Kerala as State and Regular as Registration type in Release 6.5.3 and later versions.

(2) Ladakh : As Ladakh has been separated from Jammu & Kashmir and awarded the status of Union Territory, you can specify the new GST registration number assigned for Ladakh in GSTIN/UIN field and the existing registration number in the GSTIN/UIN (prior to 1st Jan 2020) .

(3) Jammu & Kashmir : In case GST dealers in Jammu and Kashmir are required to get a new GST registration, you can specify the new GSTIN in the GSTIN/UIN field. The existing GSTIN can be specified in the GSTIN/UIN (prior to 1st Jan 2020) field, which can be enabled using the Show GSTIN/UIN (prior to 1st Jan 2020) for Jammu and Kashmir option in F12: Configure . The majority of the businesses will not require new registration and they can continue with their existing GSTIN/UIN .

(4) Dadra & Nagar Haveli and Daman & Diu : The name of the new union territory Dadra & Nagar Haveli and Daman & Diu is provided in Release 6.6.3 . All masters with Daman & Diu and Dadra & Nagar Haveli are automatically updated with the name of the new union territory. You have to manually specify the new GSTIN/UIN. In case you want to view state/union territory and GSTIN/UIN of the company before the merger, you can enable the option Show state and GSTIN/UIN (before reorganisation) for Dadra & Nagar Haveli and Daman & Diu under F12: Configure .

The fields State (before reorganisation) and GSTIN/UIN (before reorganisation) are displayed with the details specified before the reorganisation. The GSTIN/UIN (before reorganisation) does not appear if the pre-merger UT was Dadra and Nagar Haveli .

14. Set the option Enable tax liability on advance receipts to Yes to activate calculation of tax liability on advance receipts. This option is disabled by default.

15. Set the option Enable tax liability on reverse charge (Purchase from unregistered dealer) to Yes to activate calculation of tax liability on a reverse charge on URD purchases. This option is disabled by default.

16. Enable the option Set/alter GST rate details? to enter the GST details at the company level.

17. Set the option Enable GST Classification? to Yes, to create and use the classifications in the GST Details screen of masters.

18. Set the option Provide LUT/Bond details? to Yes, to enter the LUT/Bond No. , and Validity period.

19. Press Enter to save.

Activate GST for Composition Dealers

4. Set/alter GST details – Yes.

5. The State field helps in identifying local and interstate transactions according to the party’s state. If you change the state here, the company details will get updated.

Note : The name of the new union territory Dadra & Nagar Haveli and Daman & Diu is provided in Release 6.6.3 . All masters with Daman & Diu and Dadra & Nagar Haveli are automatically updated with the name of the new union territory. In case you want to view state/union territory and GSTIN/UIN of the company before the merger, you can enable the option Show state and GSTIN/UIN (before reorganisation) for Dadra & Nagar Haveli and Daman & Diu under F12: Configure . 

6. Set the Registration type as Composition .

7. Set the option Assessee of Other Territory to Yes , if your business unit in located in the Exclusive Economic Zone (another territory).

8. Specify GST Applicable from date. GST composition will be applicable for your transactions from this date onwards.

10. Tax rate for taxable turnover appears as 1% . This rate is applied to your transactions to arrive at the taxable value.

Note: If you are changing the registration type from regular to composition, the applicability date of GST regular registration will be retained. You can change the date as required.

11. Based on your business type, select the Basis for tax calculation . For outward supplies, the total of taxable, exempt and nil rated will be considered as the Taxable Value . For inward supplies, the total value of purchases made under reverse charge will be considered as the Taxable Value .

● Taxable, Exempt and Nil rated values – the tax will be calculated on the:

• Total of taxable, exempt and nil rated sales.
• Total of purchases attracting reverse charge.

● Taxable – the tax will be calculated on the:

• Total of only the taxable sales.

Click L: Tax Rate History to provide the history of Tax Rates with the corresponding Applicable From date and Basis for Tax Calculation , as shown in the following example:

12. The option e-Way Bill applicable is set to Yes , with the Applicable from date and Threshold limit .

13. Select the value to be considered for e-Way Bill for the option Threshold limit includes .

14. Set the option Applicable for intrastate to Yes , if it applies to your State and enter the Threshold limit .

15. Set the option Enable tax rate for purchase (Includes purchases under reverse charge) to:

● Yes , to enter the GST rate in the ledgers and stock items for calculating GST in transactions.

● No , to specify the GST rates in each transaction for calculating GST.

16. Press Enter to save.

You can record transactions using the ledgers with GST details, and print invoices with GSTIN.

Steps for Ledger Creation

After creating a company and activating GST features, you need to create ledgers that will enable you to pass accounting entries in Tally. Here are the following steps :

• Go to Gateway of Tally > Accounts Info > Ledgers > Create
• Enter the Name for the ledger you want to create such as purchase , sales , state tax, central tax, integrated tax, stock item names etc.
• Select the appropriate group to which such ledger belongs for example state tax under duties and taxes group.
• Enter the other related information required and press Y or Enter to accept and save.

After having done the above 3 steps, you can start entering accounting entries in Tally. For this, Go to Gateway of Tally >Accounting Vouchers. There are many accounting Vouchers in Tally such as Payment, Receipt, Contra, Sales, Purchase, etc. Choose the relevant Voucher and start passing the accounting entries. 

In case you want to create GST compliant invoices and file accurate GST returns, then use ClearTax GST . This software easily integrates with Tally, Excel & other accounting software. You can import invoice level data for Sales & Purchase in the ClearTax software and then it will auto calculate the data values to be filled on various tables of GSTR  forms like GSTR-1, GSTR 3B, GSTR-6 and so on.

It automatically populates all the data & performs a validation check to make sure the return is error-free. You can download our Desktop App for filing GST Returns from Tally with a single click! 

About the Author

I preach the words, “Learning never exhausts the mind.” An aspiring CA and a passionate content writer having 4+ years of hands-on experience in deciphering jargon in Indian GST, Income Tax, off late also into the much larger Indian finance ecosystem, I love curating content in various forms to the interest of tax professionals, and enterprises, both big and small. While not writing, you can catch me singing Shāstriya Sangeetha and tuning my violin ;). Read more

Quick Summary

Was this summary helpful.

Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

Cleartax is a product by Defmacro Software Pvt. Ltd.

Company Policy Terms of use

Data Center

SSL Certified Site

128-bit encryption

• TallyPrime Server
• Developer Reference
• Tally.ERP 9

GST Classification in TallyPrime

GST Classification is a powerful tool for recording tax rates and other details for categories of  goods  and services that attract a common GST rate.

For example, you can create a GST Classification based on a particular HSN/SAC. When this classification is used in relevant masters and transactions, the tax details of the goods or services will be automatically captured. In the future, if the department changes the tax rate for any HSN, then you can simply alter the GST Classification and assign the new rate.

Moreover, you can create GST Classifications for an accounts-only company as well. Depending on the grouping used for GST Classification, you can tag them to Sales, Purchase, Services, and Income & Expense ledgers.

Create/Alter GST Classification Based on HSN/SAC

• Press  Alt + G  (Go To) >  Create / Alter  >  GST Classification . The  GST Classification Creation / Alteration  screen appears.
• In the  HSN/SAC & Related Details  and  GST Rate & Related Details  fields, select the  Specify Details Here  option. 
• Specify the applicable  HSN/SAC  and  Description .
• Press  Ctrl+A  to save the details.

Now you can use the created classification to update the rates in other masters, transactions, or reports, as needed. You also have the flexibility to apply the GST classification for multiple masters using the  GST Rate Setup report .

The nature of transaction is identified based on Registration Type, State and Country of the party. Therefore, there is no specific requirement to select nature of transaction. You need to change the nature of transaction in case of branch transfers, consignment transfers, works contract, and so on, accordingly.

• Enter the rates applicable for Integrated Tax , and Cess , if any. The rate entered for integrated tax will be equally divided between central tax and state tax. You can specify further GST details for the GST classification by clicking F12 (Configure).

To use a GST classification for setting GST details

• Select the items that have the specified HSN Code.

Alter a GST classification

• Gateway of Tally > Alter > type or select GST Classification> and press Enter . Alternatively, press Alt + G (Go To) > Alter Master > GST Classification> and press Enter .

Create a GST Classification Based on SAC

• Provide the details as required.

Create/Alter GST Classification for Cess Based on Quantity or Value

• Specify the applicable  GST Rate . 
• Gateway of Tally > Create > type or select GST Classification > and press Enter . Alternatively, press Alt + G (Go To) > Create Master > GST Classification > and press Enter .
• Press F12 (Configure) > set Select Valuation Type and Show all GST Tax Types to Yes .
• Enter the percentage of Integrated Tax . The Central Tax and State Tax rates are displayed.

You can also select the Valuation Type of cess as Based on Value and Quantity in the GST Rate Details screen of Tax Rate History .

• Accept the screen. As always, you can press Ctrl + A to save.

Related Topics

• How to Use GST CMP-08 in TallyPrime
• How to Use Voucher Classes for Payroll in TallyPrime
• How to Use TallyPrime When Working from Home or Anywhere
• How to Use Groups in TallyPrime
• How to Use Edit Log in TallyPrime - All You Need to Know

Post a Comment Cancel reply

Save my name, email, and website in this browser for the next time I comment.

Please wait while you are redirected to the right page...

Forgot ID/Password?

Reset password.

Tallyeducation

• International Courses

Specialization

TallyEssential

• TallyProfessional
• TallyPrime with GST Fundamentals
• Principles of Tally Bookkeeping
• Financial Markets and Services
• Accounts Payable and Receivable Management
• Tax Deducted at Source
• Data Analysis and Verification
• Inventory Management
• TallyPrime Basics
• Cost Center Management
• Banking Utilities Management
• Company Data Management
• Budget and Scenario Management in Tally
• TallyPrime with GST
• Order Management using Tally
• How to Crack Interviews with Confidence
• Computer Basics with Microsoft Office
• Microsoft Excel
• TallyCalculus

Brings an array of industry preferred specialized courses!

Home >> GST using Tally

GST using Tally

A Complete Guide on Goods and Services Tax (GST)

About the Course

If you are a student or a working professional and an expert in the Accounting and Finance domain, then GST using Tally is the course designed for your career growth. It covers topics from Introduction to GST to Accounting of basic and advanced GST transactions, and filing GST returns.

The various concepts explained through illustrations, and real-life industry-based scenarios help establish a strong foundation for your Taxation and Financial career.

This course will help you understand how to introduce GST in a company and record basic and advanced compliance transactions. The practical application will be done on the new TallyPrime to keep you on par with the new releases. To join this course locate a partner near you.

Course duration

Course Detail

GST using Tally course covers topics from basic to advanced GST concepts, e-Way Bill, e-Invoice, and accounting of GST-compliant transactions. Enclosed below are the topic details covered in this course.

Chapter 1: Introduction to Goods and Services Tax (GST)

This chapter covers an Introduction to GST, e-Way Bill, GST e-Invoicing, GST in TallyPrime, Hierarchy of Calculating Tax in Transactions, Recording GST compliant transactions, e-Way Bill Reports in TallyPrime, Input Tax Credit Set Off against Liability, GST Tax Payment, Generating GST Returns for Regular Dealer in TallyPrime, Filing GST Returns in TallyPrime, Generating e-Invoice in TallyPrime, Quarterly Return Monthly Payment Scheme, Composition Dealer under GST Regime, Introduction to e-Invoice Sandbox experience, Connected and Complete e-Way bill System in TallyPrime.

Chapter 2: Advanced Goods and Services Tax (GST)

GST e-Invoicing, Recording GST compliant transactions such as Intrastate Supply of Goods & Services, Interstate Supply of Goods, Purchases from Unregistered Dealer, Purchases from Composition Dealer, Accounting Mixed Supply and Composite Supply, Supply of Exempted/Nil-rated Goods, Supply of Goods to Special Economic Zone (SEZ), Supply of Goods to Other Territory, Supply of Goods to Unregistered Dealer, Reverse Charge Mechanism under GST, Export of Goods, Advance Receipt, Generating e-Invoice Report, Generating e-Way Bill Report, Input Tax Credit Set Off against Liability, GST Tax Payment, Reversal of Input Tax Credit, Generating and e-Filing GST Returns in TallyPrime.

GST SIMULATION

GST (Goods and Services Tax) simulation is a practical and interactive training tool that replicates the processes and calculations involved in GST transactions. This is designed to empower our learners with real-time practice and expertise in GST management (GST returns, generating e-Way bill, and e-Invoicing)

Our courses include interactive and interesting content, concepts, and engaging content delivery to ensure you have a delightful learning experience.

Hybrid-Learning Module

A Hybrid-Learning Module enables you to learn the course through text and interactive video content.

Digital Content

Digital Content comprises explainer videos, tutorial videos, quizzes, and infographics ensuring a delightful learning experience.

The assessment comprises questions such as MCQs, MMCQs, True or False, and Image-Based Questions.

Certification

The course is designed as per the latest enhancements under GST law. This is an Industry Preferred and Verifiable Digital Certificate from Tally.

This is a practical and interactive training tool that replicates the processes and calculations involved in GST transactions (GST returns, generating e-Way bills, and e-Invoicing)

FREQUENTLY ASKED QUESTIONS

Most frequent questions and answers.

This courseware is highly recommended for working professionals and students who aspire to build a successful career in Finance, and Taxation or as an entrepreneur. To get enrolled for GST using Tally, one must have completed his Graduation.

To get enrolled for GST using Tally, one must be a working professional and must have completed his graduation in any stream. You can then take the course since it has been designed in the best and simplest way possible which is aligned with the all-new TallyPrime software.

Both options are available, and candidates can opt for online or in-person classes.

GST using Tally certification program covers topics on Goods and Services Tax. The content is aligned to the latest features as introduced by GST law which is the current statutory requirement in the market that makes it industry-preferred.

The assessment is necessary to complete the course and attain the specialization certificate which will help your career growth and enable you to showcase the certificate.

The duration of the course is 45 Hours.

The assessment will be for 60 mins.

You can enroll for the course through our partner network spread across the country and globally. LOCATE A PARTNER nearby and enroll today for the course.

Locate a CENTRE to Enroll

We have a wide network of partners across India.

You can also locate a partner from our Tally Education App

Other Courses

Explore our various industry- preferred courses and certifications and select the one that suits your requirement.

This flagship courseware is the complete guide on Basics to Intermediate Accounting.

TallyACE International

This international course help learners understand the basic concepts of Computerized Accounting with Tally.

GCC VAT Using Tally

This international courseware covers  end to end details on GCC VAT, its concepts and usage.

TallyEssential International

This international courseware is the complete guide on Basics to Intermediate Accounting with scenarios for international markets.

Drop Your Query!

We want to connect you to a world of opportunities and new avenues.

frequently asked question

Drop your queries.

If you have any further queries, please write to us!

Thanks for reaching out to us. We are looking into it and will get back to you in sometime.

• Machine Learning
• Google Analytics
• Artificial Intelligence
• Financial Accounting
• Illustrator
• Digital Art
• After Effects
• Operating System
• Cloud Computing
• Influencer Marketing
• Email Marketing
• Digital Marketing
• Content Marketing
• Affiliate Marketing

In India, the introduction of the Goods and Services Tax (GST) has significantly impacted the way businesses operate. Managing GST compliance can be a daunting task for many businesses, but Tally accounting software can help simplify the process. Here is a step-by-step guide to using Tally for GST compliance:

Step 1: Enable GST in Tally

To use Tally for GST compliance, you first need to enable GST in Tally. To do this, click on “Gateway of Tally” and select “F11: Features”. Then select “F3: Statutory & Taxation” and enable GST.

Step 2: Create GST-compliant invoices

To create GST-compliant invoices in Tally, click on “Gateway of Tally” and select “Accounting Vouchers”. Then select “Sales” or “Purchase” and enter the details of the transaction. Tally will automatically calculate the GST based on the type of transaction and the applicable tax rates.

Step 3: Record GST payments and receipts

To record GST payments and receipts in Tally, click on “Gateway of Tally” and select “Accounting Vouchers”. Then select “Payment” or “Receipt” and enter the details of the transaction. Tally will automatically record the GST paid or received.

Step 4: Generate GST returns

Generating GST returns can be a time-consuming process, but Tally can help simplify the task. To generate GST returns in Tally, click on “Gateway of Tally” and select “GST”. Then select “Returns” and choose the type of return you want to file. Tally will automatically generate the return based on the data entered in your invoices and payments.

Step 5: Reconcile GST data

Reconciling GST data is important to ensure that your GST returns are accurate. Tally can help with this by providing tools for reconciling GST data. To reconcile GST data in Tally, click on “Gateway of Tally” and select “GST”. Then select “Reconciliation” and choose the type of reconciliation you want to perform. Tally will automatically compare your GST data with the data entered in your invoices and payments.

Step 6: Verify and file GST returns

After generating your GST returns in Tally, it’s important to verify the data and file your returns with the GST portal. To do this, log in to the GST portal and select the type of return you want to file. Then enter the data from your Tally-generated return into the portal and submit it for verification. Once the return is verified, you can file it with the portal.

Step 7: Track input tax credit

One of the benefits of GST is that businesses can claim input tax credit (ITC) for GST paid on their purchases. Tally can help you track your ITC by recording your purchase transactions and calculating the eligible ITC. To track your ITC in Tally, click on “Gateway of Tally” and select “Display”. Then select “Statutory Reports” and choose “GST Reports”. From here, you can view your ITC ledger and track your eligible ITC.

Step 8: Manage GST payments and refunds

In addition to tracking GST payments and receipts, Tally can help you manage your GST payments and refunds. To do this, click on “Gateway of Tally” and select “Accounting Vouchers”. Then select “Payment” or “Receipt” and enter the details of the transaction. Tally will automatically calculate the GST and update your payment or receipt accordingly.

Conclusion: By following these additional steps, businesses can use Tally to effectively manage their GST compliance, including tracking ITC and managing payments and refunds. Tally’s robust features and capabilities make it an ideal tool for businesses looking to simplify their GST compliance.

If you’re looking to enhance your expertise in Tally, LearnTube has got you covered with an array of online courses tailored to your needs. With the help of our specialized learning app and WhatsApp bot, you can enjoy a seamless learning experience. Our platform offers an extensive range of courses that cater to both novices and seasoned learners. For valuable insights, explore our diverse selection of courses on our website .

More from author

How much will i earn as a flutter developer the ultimate salary guide for 2024, top companies hiring flutter developers in 2024, the ultimate guide to flutter certification: how to become a certified expert, leave a reply cancel reply.

Save my name, email, and website in this browser for the next time I comment.

Related posts

How much will i earn as a tally accountant the ultimate 2024 salary guide.

Latest posts

Want to stay up to date with the latest news.

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!

LearnTube by CareerNinja is a platform with 200+ Free courses, 900+ hiring partners that will help you with placement and internship opportunities. So study along with 2Lakh+ users today!

Latest Posts

Most popular, 15 hidden photoshop features you probably didn’t know about, debugging django applications: tips and tricks, how to become a data analyst from scratch, fast access.

• Business & Finance
• Information Technology
• Data Science
• Design & Creative
• Programming

© CareerNinja 2022 | All rights reserved | Made with Love

• Class 6 Maths
• Class 6 Science
• Class 6 Social Science
• Class 6 English
• Class 7 Maths
• Class 7 Science
• Class 7 Social Science
• Class 7 English
• Class 8 Maths
• Class 8 Science
• Class 8 Social Science
• Class 8 English
• Class 9 Maths
• Class 9 Science
• Class 9 Social Science
• Class 9 English
• Class 10 Maths
• Class 10 Science
• Class 10 Social Science
• Class 10 English
• Class 11 Maths
• Class 11 Computer Science (Python)
• Class 11 English
• Class 12 Maths
• Class 12 English
• Class 12 Economics
• Class 12 Accountancy
• Class 12 Physics
• Class 12 Chemistry
• Class 12 Biology
• Class 12 Computer Science (Python)
• Class 12 Physical Education
• GST and Accounting Course
• Excel Course
• Tally Course
• Finance and CMA Data Course
• Payroll Course

Interesting

• Learn English
• Learn Excel
• Learn Tally
• Learn GST (Goods and Services Tax)
• Learn Accounting and Finance
• GST Tax Invoice Format
• Accounts Tax Practical
• Tally Ledger List
• GSTR 2A - JSON to Excel

Are you in school ? Do you love Teachoo?

We would love to talk to you! Please fill this form so that we can contact you

You are learning...

Click on any of the links below to start learning from Teachoo ...

Learn Latest Tally ERP9 with GST free at Teachoo. Notes and videos provided on how to put ledgers, learn in which head the ledger will come, important tally features, reports and errors in Tally, how to prepare files for return filing

To practice GST Return Filing with Tally, take our Tally course .

In this Tally Tutorial, we cover

• Basics - What is Tally, How to install Tally for GST, Creating Company in Tally ERP9
• Ledgers - Creating Ledgers, Heads in which Ledger comes, Seeing Ledgers created, Alter or Changing Ledgers, Putting Opening Balances in Tally
•   Passing Entries in Tally - Type of Accounting Vouchers in Tally ERP9, Seeing Entries Passed, Passing Duplicate Entries, Deleting Entries, Passing Receipt, Payment, Contra Entries, Passing Purchase Entries, Sales Entries, Mixed Entries
• Important Tally Features - Tally Shortcuts, Copying Narration in Tally, Copying Tally GST Data in Pendrive, How to Paste or load Tally Data, Mailing Tally Data, Exporting Tally Data in Excel or PDF, Seeing Party or Ledger Balance, Printing Voucher in Tally, Checking Daily Breakup of Transactions in Tally, Deleting Company from Tally
• Important Tally Reports -  Debtor Aging Report, Cost Center Reporting/Segment Reporting, BRS (Bank Reconciliation in Tally)
• Common Errors in Tally - Duplicate Ledger, Period not accepting while passing entries in Tally, Difference in opening balances

Get the notes now... Click a topic to start!

You can now watch free videos for these Topics....Click a topic to watch!

You can also download various topics as assignments

Basics of Tally

Ledger creation and alteration, passing entry in tally, important tally features, important tally reports, common errors in tally.

What's in it?

Hi, it looks like you're using AdBlock :(

Please login to view more pages. it's free :), solve all your doubts with teachoo black.

How To Easily Learn Tally Online With Practical Assignments

Every business needs accounting since it’s essential for everything from tracking expenses to choosing investments to calculating profits. we can say that learning tally is a terrific skill to have in the job market. even there’s no need to be physically present in the class to learn tally. nowadays, thanks to the internet you can learn tally online. this article has included how to learn tally online and everything you need to know about tally. there are so many institutes that provide tally courses online. so, let’s get started..

What is Tally?

• Tally stands for Transaction Allowed in Linear Line Yards.
• It is an accounting and inventory management application software.
• It which can record daily business transactions or accounting works like sales, purchases, payments received, banking or taxation, etc.
• The most popular way we can say that Tally is an Accounting Software.
• It is designed and developed by Tally Solutions which is a Bangalore-based IT Solution Company.
• In 1986, S.S Goenka was the founding chairperson of Tally Solutions Private Limited.
• Developed based on Accounting principles and Mercantile Law.
• It is simple yet powerful software.
• It is a window-based software.
• It is a stand-alone application.
• It is developed using the Tally Definition Language (TDL).
• It supports,

-Bookkeeping

-MIS report

Versions of Tally Software 

Other features of tally software.

• User-friendly accounting software
• Multi-lingual
• Excellent backup provisions
• Easy exit to an operating system
• Tally can maintain books of account either with inventory or without inventory.
• It can work with multiple company accounts simultaneously.
• Tally can get offline and online support.
• It can be installed on any version of Windows OS like NT, 2000, ME, 95, 98, XP, 7 Ultimate, Vista, and Windows 8. Etc.
• Many computerized accounting software requires numeric codes to maintain the account. But Tally pioneered that no accounting codes were needed.

Skills required in Tally

Career and scope in tally.

Having the skill set of Tally software may help you land your chosen job path quickly if you are someone wishing to start a futuristic career in the accounting field. It is because Tally is extensively used across all business sizes, from small to large across all sectors. 

90% of companies and businesses are said to use Tally software for their daily accounting tasks.

Additionally, the top MNCs and Retail businesses of all kinds, financial institutions, financial organizations (NGOs), hospitals, BPO and KPO sectors, and chartered accountant companies are among the many different industries that use Tally software.

You can have so many career choices in Tally. Such as-

• Inventory Manager
• Data Entry Operator
• Billing Executive
• Tally freelancers
• Tally Course Benefits
• Scope of Tally Courses in India

Job Profiles and Salary in Tally

The common job profiles offered in the organizations for accountants with Tally skill sets are-

Many students who are looking for Diploma Courses after 10th/12th or after graduation and planning to look for career opportunities in computer accounting can learn tally.

The purpose of the tally training course is to teach students the fundamentals of accounting and how to integrate such concepts with the tally platform. Although it’s easy to learn, for ways of operation one must grasp how the software works as well as be familiar with its applications.

Tally Jobs in India

Requirements for Learning Tally Online.

• Any student who wants to learn tally software online should have a computer or laptop with an internet connection.
• Nowadays it has become very easy to learn any software or anything from home.
• There are so many courses with certification and placement assistance in Tally you can opt for.
• Here we have listed some of the best Tally courses you can learn online.
• All of these courses are completely online, so there’s no need to show up to a classroom in person.
• You can access your lectures, readings, and assignments from reputable institutes anytime and anywhere via the web or your mobile device.

More Professional Courses from IIM SKILLS

• Digital Marketing Course
• Technical Writing Course
• Content Writing Course
• Investment Banking Course
• Business Accounting And Taxation Course
• CAT Coaching

Learn Tally Online: IIM SKILLS

IIM SKILLS is one of the global leading institutes that provides professional courses in various subjects including writing, marketing, accounting, etc.

The tally master course by IIM SKILLS is one of the best for getting hands-on experience. It is a comprehensive training program that covers all of Tally’s topics and features. Students learn precisely how to manage and maintain accounts, inventory, GST, and payroll at Tally in the course modules. The training module is particularly informative because it starts from the basics, providing a foundation for your understanding of Tally. Also, a variety of practical assignments and tasks are included to ensure that students grasp the subject well. IIM SKILL’s professional guidance allows one to interact, clear doubts and learn more effectively.

Course Name: Tally Course

Duration of the Course: 18 Hours of Self Learning, 20 Hours of Lecture

Mode of the Course: Online

Fees: Rs.2, 900 + 18% GST

Course Syllabus:

Course offerings:.

• Access to Learning Management System (LMS)
• Self-Paced Learning
• Software Tools
• 60+ Hours Practical Assignment
• Internship Opportunities
• Dedicated Placement Cell
• Govt. of India Recognized Certification

Certificate Availability: Yes

Contact Information:

Email ID: [email protected]

Phone Number: +91 9580 740 740

Learn Tally Online: Tally Training

In-depth information is covered in the Tally ERP9 online course with GST to match the industry’s accounting standards. With the use of real-world examples and tally entries, Tally Training not only explain the principles but also show you how to practically apply them in your day-to-day accounting process.

Course Name: Tally ERP9 Expert Course

Duration of the Course: 1 or 2 Months

Fees: Rs.1800

Couse Syllabus:

• Learning in Hing-lish language
• DVD(Videos + eBook PDF)

Contact Information

Phone Number: +91 9081211174

Learn Tally Online: Vskills

Intelligent Communication Systems India Limited (ICSIL), a department of the Indian government, manages the skills certification programs.

Their certification programs help students measure and exhibit the skills that have high demand and business value. Vskills Tally ERP9 course provides students with a clear understanding of accounting as well as the necessary practical aspects. Thanks to their self-paced training, even newbies can gain from the course’s worthwhile teaching.

Course Name: Certificate in Tally ERP9

Duration of the Course: 19 Hours

Fees: Rs.3, 499

Couse Syllabus: 

• Introduction to Tally ERP9
• Stock and Godwon in Tally
• Groups, Ledgers, Vouchers and, others
• Reports in Tally ERP9
• Back and Restore in Tally ERP9
• Tally.NET in Tally ERP9
• Government Certification
• Lifelong e-learning access

Phone Number: +011 4734 4723

Recommend Read,

• Advanced Tally Courses
• Tally ERP 9 Certificate
• Learn Online Tally
• Tally Training Benefit
• Tally Courses Uses
• Tally Course Eligibility

Learn Tally Online: LearnVern

LearnVern teaches students in the user’s native language. You can learn their Tally courses in Hindi.

Their method of instruction encourages critical thinking, learning by doing, and teaching by example. To help students in remembering the subject better, their Tally course material is enhanced with graphics, animations and, photos. LearnVern also gives practical training through assignments and tests.

Phone Number: +91 88490 04643

Learn Tally Online: UDEMY

Udemy is one of the best online platforms that provide various Tally certification courses. All of these courses are accessible from anywhere at affordable prices. Here we’ve listed three courses among others with the highest rating. You will learn how to use the tally program for payroll, audit, TDS, and GST accounting of any organization.  Their tally course provides students the chance to work on real-time projects in addition to assignments.

• Assignments
• Access on Mobile and TV
• Full Lifetime Access

Please, go to their official website for further details.

Learn Tally Online: Coursera

Students who want to build a career in bookkeeping or want to learn how to manage their account books, Coursera offers the best Tally Bookkeeper professional certificate course.

In their unique 4-month Tally Book Keeper Professional Certificate program, three separate Tally software-related courses are offered. It comprises most of the theoretical and instructional modules. You have to take the course in the specific order listed because the content builds on the previous session.

Program Name: Tally Bookkeeper Professional Certificate

Fees: You can enroll for free.

• Interview Prep

Learn Tally Online: InternShala Trainings

InternShala is an Ed-tech company that provides live, interactive learning in digital format.

Their Online Tally course has covered all the accounting-related concepts. They also provide quizzes and assignments after completing every module to revise your knowledge. 

Duration of the Course: 6 Weeks, 1hr/day (Flexible Schedule)

Fees: Rs.4499

• Basic Concepts of Accounting
• The world of Tally
• Accounting process in Tally
• Bank reconciliation statement
• Tax Deducted at source (TDS) & Collected at Source (TCS) accounting in Tally
• Payroll in Tally
• Goods and Service Tax (GST) accounting in Tally
• Data extraction from Tally
• Some extra topics
• Final training project
• Placement Assistance
• Learn in Hindi
• 1:1 Doubt Solving
• Hands-On-Practice

Learn Tally Online: FITA Academy

Tally Online courses at FITA Academy offer comprehensive instruction in the tally ERP9 software from Journal Entries to finalizing accounts, including managing GST and other taxation. 

You will learn the ins and outs of accounting and finance-related Tally. The modules are covered from both basic and advanced standpoints to help student comprehension of the subject better. Their online Tally course also includes real-world assignments to meet industry standards.

Course Name: Online Tally Course

Duration of the Course:

• Tally-Advanced accounting professional-basics in financial accounting
• Introduction to Tally
• Configuring Tally ERP9
• Company Management
• Master- Ledgers and Groups
• Understanding Vouchers in Tally
• Tally ERP9 reports
• Inventory configuration in Tally ERP9
• Managing inventory using Tally ERP9
• Goods and Service Tax (GST)
• Purchase and Sales reports
• GST reports and returns
• Using tally to manage point of sales (POS)
• Bank reconciliation
• Tally-expert accounting professional
• Payroll accounting
• More advanced topic
• Live Projects
• Instructor-led Live Class
• Flexibility
• Placement Support

Phone Number: 93450 45466

Learn Tally Online: Frequently Asked Questions

Q. can i learn to tally online through a laptop.

Answer: Yes, Students who wish to study tally software online should have access to a computer or laptop with an internet connection.

Q. Which Tally is best for beginners?

Answer: The latest version of Tally Prime is easy to learn. There is no longer a need for prior expertise or specialized training in Tally. You can easily use Tally Prime for your regular accounting tasks with only a simple installation and setup.

Q. Can learning Tally online is difficult?

Answer: Beginners have the choice of enrolling in expert courses provided by reputable institutions or learning the program on their own with the help of blogs and videos that are easily available online.

Q. Where can I practice Tally?

Answer: The Tally Software Education version is available on  www.tallysolution.com  website. You may practice it by downloading it for free.

Q. Which industries can one enter after completing the Tally course?

Answer: The private and public sectors provide a ton of options. Banking, finance, business manufacturing, IT industries, and so on. You can also work in sales, marketing, insurance, and HR.

Learn Tally Online: Conclusion

That’s all about how to learn tally online. In this article, we have focused on tally software, its feature, also the scope and career opportunities in tally. And institutions that provide tally training online. We hope this might have helped to get some insights about tally.  If you plan to learn tally online, you can get in touch with the experts of this institute that will provide you with the information and exposure you need in this area.

Author: Swati Varli

Leave a reply cancel reply.

Your email address will not be published. Required fields are marked *

Request For A Call Back

• Comments This field is for validation purposes and should be left unchanged.

You May Also Like To Read

How to create digital products to sell online, aesthetically the best wordpress themes of all time, best 10 tips to find content writing jobs in 2024 (updated)  , lab technician course: eligibility, fee, and career, 5 best practices for web copywriting, top 5 criminology courses in india, what is the importance of branding in business growth, top 8 corporate training tools you must learn about, 10 best free interview preparation courses for 2024.

• 100% assured internships
• Placement Assured Program
• 500+ Hiring Partners
• 100% Money Return Policy

Sunday Batch - 5th May 2024

Sunday 10:00 AM - 2:00 PM (IST)

Share Your Contact Details

• Email This field is for validation purposes and should be left unchanged.
• Name This field is for validation purposes and should be left unchanged.

Weekdays Batch - 30th April 2024

Tues & Thur - 8:00 PM - 9:30 PM (IST)

Saturday Batch - 4th May 2024

Saturday 10:00 AM - 1:00 PM (IST)

• Phone This field is for validation purposes and should be left unchanged.

Download Course Brochure

Weekend batch - 19th may 2024.

Every Sat & Sun - 10:00 AM - 1:00 PM (IST)

Download Hiring Partners List

Download tools list, weekend batch - 04th may 2024.

Every Sat & Sun - 10:00 AM - 12:00 PM

Request for Online DEMO

Every Sat & Sun - 10:00 AM - 12:00 PM (IST)

• Learn From An Expert
• Steroids To Crack CAT Exam
• Flip The Classroom Concept
• Technology Driven

Request to Speak with MBA ADVISOR

• Select Course * * Select Course Advanced Search Engine Optimization Business Accounting & Taxation Course Business Analytics Master Course Content Writing Master Course Digital Marketing Master Course Data Analytics Master Course Data Science Master Course Financial Modeling Course Investment Banking Course GST Practitioner Certification Course Technical Writing Master Course Tally Advanced Course Other Course
• ADDITIONAL COMMENT

Weekday Batch - 30th April 2024

Every Tue, Wed & Thur - 8:00 PM - 10:00 PM (IST)

Watch Free 1st Class Video

Talk To An Agent

Talk to our agent, download student's success report, weekday batch - 30th april 2024, request for a callback, start hiring.

• Company Name *
• Hiring for * Select Program Content Writer Digital Marketer Data Analyst Financial Modellers Technical Writer Business Accounting & Taxation Search Engine Optimization Investment Banking
• Attach Document * Max. file size: 256 MB.
• Company Name * First
• Select Program Select Program Business Accounting & Taxation Course Content Writing Master Course Digital Marketing Master Course Data Analytics Master Course Financial Modeling Course Search Engine Optimization Technical Writing Master Course
• Select Members Select Mumbers 1-5 6-20 21-50 51-100 100+
• Additional Comments

Tally Prime Full Course Notes with Assignment

Tally Prime Full Course Topic wise Computer Training Institute Notes with Assignment for Self Study Purpose. As we are aware that Tally is business solution software, which is widely used for Account, Stock Management and Payroll of employees. After roll out of GST in India, the use and popularity of Tally Software increased many fold.

The Tally solutions, release the Tally Prime to replace it most successful version Tally ERP9. The new software Tally prime is more user friendly and interactive. Further, new package simplified the way of working and maintain business. It also take care of all possible sales strategies and very easy to work with it.

There is no doubt that Tally Prime is leading business solution and being used from small town to metro cities. Naturally, skill manpower to work on Tally is required every where. Therefore, most of the Commerce students are prefer to learn the Tally. But, there is no such requirement, any one who are willing to learn, can easily work on tally Prime.

We are going to share Tally computer Course Training Notes with Practice Example and Assignment PDF. One can easily learn Tally Prime with in one month with the help of Notes. The Topic wise notes are given below.

Tally Prime Full Course Notes

Thanks for Study the Tally Prime Full computer Training Course Notes with Example.

Moreover, we are happy to share PDF of Tally Prime Book for free download.

Tally Prime Book PDF Free Download – SSC STUDY

Related Posts

Payroll tally notes with assignment, gst implementation in tally notes, fundamental of accounting and tally prime notes, introduction of tally prime notes, 16 thoughts on “tally prime full course notes with assignment”.

Please Provide option to Download the Notes as PDF…

Voucher entry in tally prime pdf required ….but there didn’t shows download option

PDF download button has been added.

very useful …

tally prime books not availble in pdf form

nice, thanks for this information

Respected Admin, Please Upload TDS, TCS & GST Return Filling Notes

hi, my name is mahendra solanki Your PDF is very use full Thank you again,

Please upload TDS note

Tally-prime interactive assigments with answers only practical note, small size zerox.

Please Upload TDS, TCS & GST Return Filling Note tally prime new advanced feature in tally how to backup tally prime and restore data how to

pdf file tally prime book

Cost job enable

Please 🙏 sir upload all full PDF

Leave a Comment

Your email address will not be published. Required fields are marked *