Goods and Services Tax (GST)

1.1 Introduction to GST

• 1.1.1 Why GST?
• 1.1.2 GST Tax Structure
• 1.1.3 Determination of Tax
• 1.1.4 GST Registration
• 1.1.5 Managing HSN CODE/SAC
• 1.1.6 GST Rate Structure
• 1.1.7 Supply of Goods and Services
• 1.1.8 Invoicing
• 1.1.9 Debit Note, Credit Note/Supplementary Invoice
• 1.1.10 Receipt Voucher
• 1.1.11 Transportation of Goods without Issue of an Invoice
• 1.1.12 Input Tax Credit

1.2 E-Way Bill

• 1.2.1 Components of E-Way Bill
• 1.2.2 Who must generate E-Way Bill
• 1.2.3 Validity of E-Way Bill
• 1.2.4 E-Way Bill Process Flow

1.3 GST e-Invoicing

• 1.3.1 Benefits of e-invoice to the businesses
• 1.3.2 Date of implementing GST e-invoicing
• 1.3.3 Entities exempted for e-invoices
• 1.3.4 Generating E-Way bill with e-Invoice
• 1.3.5 Modification of e-Invoice
• 1.3.6 Role of e-Invoice in GST Returns
• 1.3.7 Various modes of generating e-invoice
• 1.3.8 Role of IRP in e-Invoice
• 1.3.9 The practice of Generating GST e-Invoice
• 1.3.10 E-invoice Details
• 1.3.11 Invoice Reference Number (IRN)

1.4 GST in TallyPrime

• 1.4.1 Creation of Company and Activating GST
• 1.4.2 Introducing Capital into the Business
• 1.4.3 Creation of Masters in TallyPrime

1.5 Hierarchy of Calculating Tax in Transactions

• 1.5.1 Defining GST Rates at Company Level
• 1.5.2 Defining GST Rates at Stock Group Level
• 1.5.3 Defining GST Rates at Stock Item Level
• 1.5.4 Defining GST Rates at Accounting Group Level
• 1.5.5 Defining GST Rates at Ledger Level
• 1.5.6 Defining GST Rates at Transaction Level

1.6 Recording GST-Compliant Transactions

• 1.6.1 Accounting Intrastate Supply of Goods & Services
• 1.6.2 Accounting Interstate Supply of Goods & Services
• 1.6.3 Accounting Purchase and Sales Returns of Goods with GST
• 1.6.4 Supplies Inclusive of Tax

1.7 E-Way Bill Report in Tally

• 1.7.1 Export for e-Way Bill Report
• 1.7.2 Exporting Bulk or Consolidated e-Way Bill Invoices
• 1.7.3 Update e-Way Bill Information

1.8 Input Tax Credit Set Off against Liability
1.9 GST Tax Payment

• 1.9.1 Timeline for Payment of GST Tax
• 1.9.2 Modes of Payment
• 1.9.3 Challan Reconciliation

1.10 Generating GST Returns for Regular Dealer in Tally

• 1.10.1 GSTR-1
• 1.10.2 GSTR-3B
• 1.10.3 GSTR-9 – GST Annual Computation

1.11 Filing GST Returns in Tally

• 1.11.1 Filing GSTR-1 Returns
• 1.11.2 Filing GSTR-3B Returns
• 1.11.3 Filing GSTR-9 Returns – GST Annual Computation

1.12 Generating e-Invoice in TallyPrime

• 1.12.1 Recording Outward Supply and Generating e-Invoice without e-Way Bill
• 1.12.2 Recording Outward Supply and Generating e-Invoice with e-Way Bill
• 1.12.3 E-Invoice Report

1.13 Quarterly Return Monthly Payment (QRMP) Scheme

• 1.13.1 Creation of Company and Activating GST in TallyPrime
• 1.13.2 Accounting Intrastate Supply of Goods & Services
• 1.13.3 Input Tax Credit Set Off against Liability and Tax Payment
• 1.13.4 Invoice Furnishing Facility (IFF) in QRMP Scheme

1.14 Composition Dealer under GST Regime

• 1.14.1 Introduction
• 1.14.2 Conditions to be satisfied under the scheme
• 1.14.3 Creation of Company and Activating GST in TallyPrime
• 1.14.4 Accounting Intrastate and Interstate Supply of Goods
• 1.14.5 Generating GST Returns for Composition Dealer in Tally
• 1.14.6 GST Tax Payment

2.1 Introduction

• 2.1.1 E-Way Bill
• 2.1.2 GST e-Invoicing
• 2.1.3 GST in TallyPrime
• 2.1.4 Creation of Company and Activating GST
• 2.1.5 Introducing Capital into the Business
• 2.1.6 Creation of Masters in TallyPrime

2.2 Recording GST Compliant Transactions

• 2.3 Accounting Intrastate Supply of Goods & Services
  • 2.3.1 Intrastate Inward Supply of Goods
  • 2.3.2 Intrastate Outward Supply of Goods and Generating e-Invoice
  • 2.3.3 Intrastate Inward Supply of Services
  • 2.3.4 Intrastate Outward Supply of Services

2.4 Accounting Interstate Supply of Goods

• 2.4.1 Interstate Inward Supply of Goods
• 2.4.2 Interstate Outward Supply of Goods and Generating e-Invoice with e-Way Bill

2.5 Purchases from Unregistered Dealer
2.6 Purchases from Composition Dealer
2.7 Accounting Mixed Supply under GST
2.8 Accounting Composite Supply under GST
2.9 Supply of Exempted/Nil-rated Goods under GST
2.10 Supply of Goods to Special Economic Zone (SEZ)
2.11 Supply of Goods to Other Territory
2.12 Supply of Goods to Unregistered Dealer

2.13 Reverse Charge Mechanism under GST

• 2.13.1 Import of Goods Subject to Reverse Charge
• 2.13.2 Import of Services Subject to Reverse Charge
• 2.13.3 Reverse Charge on Outward Supply of Services
• 2.13.4 Reverse Charge on Inward Supply of Services

2.14 Export of Goods under GST

• 2.14.1 Exports through LUT/Bond
• 2.14.2 Exports Taxable

2.15 Advance Receipts under GST

• 2.15.1 Advance Receipt for Supply Completed in the Same Month
• 2.15.2 Advance Receipt for Supply Completed in the Subsequent Month

2.16 Generating E-Invoice Report

• 2.16.1 Export Bulk Invoices Using Online Method
• 2.16.2 Export Bulk Invoices Using Offline Method
• 2.16.3 Update Details in TallyPrime and Print QR Code
• 2.16.4 Rectify Missing/Invalid Information and Update the Details from E-Invoice Report
• 2.16.5 Cancel IRN

2.17 Generating E-Way Bill Report

• 2.17.1 Generate e-Way Bill in Bulk
• 2.17.2 Update e-Way Bill Part B
• 2.17.3 Extend e-Way Bill Validity
• 2.17.4 Export Bulk Invoices Using Offline Method

2.18 Input Tax Credit Set Off Against Liability
2.19 GST Tax Payment

• 2.19.1 Challan Reconciliation

2.20 Reversal of Input Tax Credit

• 2.20.1 Exempt and Non-Business Supplies – Rule 42(1)(m)
• 2.20.2 Ineligible Credit
• 2.20.3 Non-Payment to the Supplier – Rule 37(2)

2.21 Generating GST Returns in Tally

• 2.21.1 GSTR-1
• 2.21.2 GSTR-3B
• 2.21.3 GSTR-2
• 2.21.4 GSTR-9 – GST Annual Computation

2.22 E-Filing GST Returns in Tally

• 2.22.1 Filing GSTR-1 Returns
• 2.22.2 Filing GSTR-3B Returns
• 2.22.3 Reconciling GSTR-2 Returns
• 2.22.4 Filing GSTR-9 Returns – GST Annual Computation