Basics of Statutory Compliance and Taxation

Instructor: Tally Education and Distribution Services Private Limited

Intermediate Level • 5 weeks to complete at 10 hours a week • Flexible Schedule

Skills You'll Gain

Financial Reporting
Bookkeeping
Data Import/Export
Ledgers (Accounting)
Tax Compliance
Payroll Tax
Tax Returns
Invoicing
Financial Data
Tax Management
Accounting and Finance Software
Tax Laws

Shareable Certificate

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Outcomes

  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate from Tally Education and Distribution Services Private Limited

There are 4 modules in this course

At the end of the module, Goods and Services Tax, you will be able to… • Explain the concept of GST, and its tax Structure • Describe the GST structure in detail, explain the regular & composition dealer registration -threshold limit. • Explain the HSN code/SAC code • Describe GST Rate structure and express the importance of Supply of Goods and Services. • Determine the charges of the tax and the taxable jurisdiction where tax should reach. • Explain the rules and aspects of invoicing including when a tax invoice must be issued. • Activate GST for a company and configure tax rate at different levels • Record GST compliant transactions • Generate E-way Bill Report • Generate GST Returns, e-invoice and also file GST returns accurately • And Record GST Compliant transactions for Composition Dealer under GST Regime

At the end of the module Tax Deducted at Source, you will be able to: • Activate and maintain TDS in Tally • Configure TDS at different levels • Record different types of TDS transactions like accounting of expenses, accounting of expenses partly subjected to TDS • Account multiple expenses and deduct TDS later • Record TDS payment transaction to government and generate TDS reports and challans, and file e-TDS Returns.

At the end of the module Management of Business Data, you will be able to: • Export the data in available formats such as XML, Excel, PDF etc. • Export and Import of data from one company to another company • Extract the data with the help of Open Database Connectivity (ODBC) feature of Tally • Print company logo on Vouchers, Invoices & Reports

At the end of the module Moving to the Next Financial Year, you will be able to: • Export the data from one company to another company • Demonstrate the meaning and complete process involved in splitting the company data • Create a new company for maintaining the books of accounts for the new financial year • Create group company by consolidating the member companies’ data. • Generate the comparative final accounts reports of multiple companies in a single page.