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GST Using Tally.ERP 9

This book, from the house of Tally, India’s leading business management software company, is the best book for Tally.ERP 9. It is a comprehensive book for learning concepts of Goods and Services Tax (GST) and its business application using Tally.ERP 9. This Tally.ERP 9 with gst book will guide the user on concepts of GST, GST related transactions for supply of goods and services, advanced entries pertaining to Composition & Unregistered Dealers, Export, Import, SEZ and Exempted Supplies in Tally.ERP 9, further the user will learn to record GST adjustments and generate GST reports that will help to file GST Returns on time. This Tally.ERP 9 with gst book explains about the migration process to Tally.ERP 9 Release 6.0 from earlier versions and contains solved illustrations and practice scenarios enriched with numerous screen shots that will help the candidates experience the simplicity of working on Tally.ERP 9. By solving the scenarios, candidates will able to understand the application of GST in Tally.ERP 9 and would be equipped to handle all the business transactions related to GST in the daily work environment with ease. This best book for Tally.ERP 9 is highly recommended to those candidates who want to learn about GST, the new system for indirect taxation and implement it successfully.

Features

  • Author : Tally Education Pvt. Ltd.
  • Language : English
  • Binding : Paperback
  • Publisher : Sahaj Enterprises
  • ISBN : 978-81-934845-4-8
  • Year of Publishing : 2017
  • Pages : 253
  • Dimension : 28 X 20.5 X 1.5 cm

Table of Content

  • 1.1 Introduction.
  • 1.2 Indirect Taxation prior GST
  • 1.3 GST Implementation in India
    • 1.3.1 Why GST was introduced in India?
    • 1.3.2 Understanding GST Taxation System
      • 1.3.2.1 Dual GST
      • 1.3.2.2 Structure of GST
      • 1.3.2.3 Determination of Tax
  • 1.4 Registration
    • 1.4.1 GSTIN Structure
    • 1.4.2 Businesses Liable to Register under GST
    • 1.4.3 Mandatory Registration
  • 1.5 Process of Registration under GST
    • 1.5.1 Existing Registration
    • 1.5.2 New Registration
      • 1.5.2.1 New Registration as a Regular Dealer
      • 1.5.2.2 Composition Tax Payer
      • 1.5.2.3 Amendment, cancellation and renovation of registration
  • 1.6 Supply of Goods and Services
    • 1.6.1 Scope of Supply
    • 1.6.2 Place of Supply
      • 1.6.2.1 Determining the Place of Supply of Goods
      • 1.6.2.2 Determining the Place of Supply of Services
    • 1.6.3 Time of Supply
    • 1.6.4 Value of Supply
  • 1.7 Mixed Supply and Composition Supply
    • 1.7.1 Mixed Supply
    • 1.7.2 Composite Supply
  • 1.8 Transition to GST
    • 1.8.1 Registered Business
      • 1.8.1.1 Availed Input Tax Credit
      • 1.8.1.2 Unavailed CENVAT credit and Input VAT on capital goods
    • 1.8.2 Availing the input credit held in closing stock
  • 1.9 Invoicing
    • 1.9.1 Tax Invoice
    • 1.9.2 Bill of Supply
    • 1.9.3 Credit Note, Debit Note and Supplementary Invoice
    • 1.9.4 Transportation of goods without issue of Invoice
  • 1.10 Input Credit Mechanism
    • 1.10.1 Entitlement of Input Tax Credit
    • 1.10.2 Non Entitlement of Input Tax Credit
    • 1.10.3 Input Tax Credit Set Off
    • 1.10.4 Input Tax Credit Claim
    • 1.10.4 Input Tax Credit Claim
  • 1.11 GST Returns
    • 1.11.1 Regular Dealer
    • 1.11.2 Composition Tax Payer
    • 1.11.3 Payment of Tax
  • Conclusion
  • Key Takeaways
  • 2.1 Introduction
  • 2.2 Enabling GST and Defining Tax Details
  • 2.3 Transferring Input Tax credit to GST
  • 2.4 Intrastate Supply of Goods
    • 2.4.1 Intrastate Inward Supply
    • 2.4.2 Intrastate Outward Supply
  • 2.5 Interstate Supply
    • 2.5.1 Interstate Inward Supply
    • 2.5.2 Interstate Outward Supply
  • 2.6 Return of Goods
    • 2.6.1 Purchase Returns
    • 2.6.2 Sales Returns
  • 2.7 Supplies Inclusive of Tax
  • 2.8 Defining Tax Rates at Master and Transaction Levels
    • 2.8.1 Defining GST Rates at Stock Group Level
    • 2.8.2 Defining GST Rates at Stock Item Level
    • 2.8.3 Defining GST Rate at Transaction Level
  • 2.9 Hierarchy of Applying Tax Rate Details
  • 2.10 GST Reports
    • 2.10.1 Generating GSTR-1 Report in Tally.ERP 9
    • 2.10.2 Generating GSTR-2 Report in Tally.ERP 9
  • 2.11 Input Tax Credit Set Off
  • 2.12 GST Tax Payment
    • 2.12.1 Time line for payment of GST tax
    • 2.12.2 Modes of Payment
  • 2.13 Challan Reconciliation
  • 2.14 Exporting returns and uploading To GSTIN
  • Conclusion
  • Key Takeaways
  • 3.1 Introduction
  • 3.2 Purchases from Composition Dealer
  • 3.3 Purchases from Unregistered Dealers
  • 3.4 Exports
    • 3.4.1 Exports through LUT/Bond
    • 3.4.2 Exports Taxable
  • 3.5 Imports
  • 3.6 Exempted Goods
  • 3.7 SEZ Sales
  • 3.8 Advance Receipts and Payments
    • 3.8.1 Accounting Advance Receipt and Sales Invoice in the same month
    • 3.8.2 Advance receipt and sales invoice recorded in different months
    • 3.8.3 Reversal of GST on account of cancellation of advance receipt
    • 3.8.4 Accounting an advance payment for purchase of taxable goods under reverse charge
  • Conclusion
  • 4.1 Introduction
  • 4.2 Mixed Supply and Composite Supply under GST
    • 4.2.1 Mixed Supply of Goods
    • 4.2.2 Composite Supply of Goods
  • 4.3 GST Reports
    • 4.3.1 Generating GSTR-1 Report in Tally.ERP 9
    • 4.3.2 Generating GSTR-2 Report in Tally.ERP 9
  • 4.4 Input Tax Credit Set Off
  • 4.5 GST Tax Payment
    • 4.5.1 Time line for payment of GST tax
    • 4.5.2 Modes of Payment
    • 4.5.3 Challan Reconciliation
  • 4.6 Exporting GSTR-1 return and uploading in GST portal
  • Conclusion
  • Key Takeaways
  • 5.1 Introduction
    • 5.1.1 Determination of supply of services
    • 5.1.2 Determining the Place of Supply of Services
  • 5.2 Enabling GST and Defining Tax Details
  • 5.3 Transferring Input Tax credit to GST
  • 5.4 Intrastate Supply of Services
    • 5.4.1 Intrastate Inward Supply
    • 5.4.2 Intrastate Outward Supply
  • 5.5 Interstate Supply of Services
    • 5.5.1 Interstate Inward Supply
    • 5.5.2 Interstate Outward Supply of Services
  • 5.6 Cancellation of Services
    • 5.6.1 Cancellation of Inward Supplies
    • 5.6.2 Cancellation of Outward Supply of Services
  • 5.7 Defining Tax Rates at Master and Transaction Levels
  • Conclusion
  • Key Takeaways
  • 6.1 Introduction
    • 6.1.1 Accounting Multiple Services in a Single Supply
    • 6.1.2 Recording Partial Payment to Suppliers
  • 6.2 Outward Supplies
    • 6.2.1 Recording Outward Supply with Additional Expenses
    • 6.2.2 B2C Supply of services (Business to consumers)
  • 6.3 Time of Supply of Services
  • 6.4 Place of Supply of Services
    • 6.4.1 Determining place of supply of services
  • 6.5 Exempt Supply of Services under GST
  • 6.6 Export Supply of Services
  • 6.7 Reverse Charge on Services under GST
  • 6.8 Advance Receipts from Customers under GST
    • 6.8.1 Advance Receipt and issuing Invoice on same month
    • 6.8.2 Advance Receipt and issuing Invoice on different month
    • 6.8.3 Reversal of GST on account of cancellation of advance receipt
  • 6.9 Generating GSTR-1 Report in Tally.ERP 9
  • 6.10 Generating GSTR-2 Report in Tally.ERP 9
  • 6.11 Input Tax Credit Set Off
  • 6.12 GST Tax Payment
  • 6.13 Challan Reconciliation
  • 6.14 Exporting GSTR-1 return and uploading in GST portal
  • Conclusion
  • Key Takeaways
  • 7.1 Introduction
  • 7.2 Migration to Tally.ERP 9 Release 6.0
  • 7.3 Activate Goods and Services Tax (GST) in Tally.ERP 9
  • 7.4 Set up GST Rates
  • 7.5 Update Masters
  • 7.6 Update Party gstin/uin
  • 7.7 Creation of GST Duty Ledgers
  • Conclusion
  • Key Takeaways

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