16.1 Introduction to GST
16.1.1 Why GST?
16.1.2 GST Tax Structure
16.1.3 Determination of Tax
16.1.4 GST Registration
16.1.5 Managing HSN CODE/SAC
16.1.6 GST Rate Structure
16.1.7 Supply of Goods and Services
16.1.8 Invoicing
16.1.9 Debit Note, Credit Note/Supplementary Invoice
16.1.10 Receipt Voucher
16.1.11 Transportation of Goods without Issue of an Invoice
16.1.12 Input Tax Credit
16.2 E-Way Bill
16.2.1 Components of E-Way Bill
16.2.2 Who must generate E-Way Bill
16.2.3 Validity of E-Way Bill
16.2.4 E-Way Bill Process Flow
16.3 GST e-Invoicing
16.3.1 Benefits of e-invoice to the businesses
16.3.2 Date of implementing GST e-invoicing
16.3.3 Entities exempted for e-invoices
16.3.4 Generating E-Way bill with e-Invoice
16.3.5 Modification of e-Invoice
16.3.6 Role of e-Invoice in GST Returns
16.3.7 Various modes of generating e-invoice
16.3.8 Role of IRP in e-Invoice
16.3.9 The practice of Generating GST e-Invoice
16.3.10 E-invoice Details
16.3.11 Invoice Reference Number (IRN)
16.4 GST in TallyPrime
16.4.1 Creation of Company and Activating GST
16.4.2 Introducing Capital into the Business
16.4.3 Creation of Masters in TallyPrime
16.5 Hierarchy of Calculating Tax in Transactions
16.5.1 Defining GST Rates at Company Level
16.5.2 Defining GST Rates at Stock Group Level
16.5.3 Defining GST Rates at Stock Item Level
16.5.4 Defining GST Rates at Accounting Group Level
16.5.5 Defining GST Rates at Ledger Level
16.5.6 Defining GST Rates at Transaction Level
16.6 Recording GST compliant transactions
16.6.1 Accounting Intrastate Supply of Goods & Services
16.6.2 Accounting Interstate Supply of Goods & Services
16.6.3 Accounting Purchase and Sales Returns of Goods with GST
16.6.4 Supplies Inclusive of Tax
16.7 E-Way Bill Report in Tally
16.7.1 Export for e-Way Bill Report
16.7.2 Exporting Bulk or Consolidated e-Way Bill invoices
16.7.3 Update e-Way Bill Information
16.8 Input Tax Credit Set Off against Liability
16.9 GST Tax Payment
16.9.1 Timeline for payment of GST tax
16.9.2 Modes of Payment
16.9.3 Challan Reconciliation
16.10 Generating GST Returns for Regular Dealer in Tally
16.10.1 GSTR-1
16.10.2 GSTR-3B
16.10.3 GSTR-9 – GST Annual Computation
16.11 Filing GST Returns in Tally
16.11.1 Filing GSTR-1 Returns
16.11.2 Filing GSTR-3B Returns
16.11.3 Filing GSTR-9 Returns – GST Annual Computation
16.12 Generating e-Invoice in TallyPrime
16.12.1 Recording Outward Supply and Generating e-Invoice without e-Way Bill
16.12.2 Recording Outward Supply and Generating e-Invoice with e-Way Bill
16.12.3 E-Invoice Report
16.13 Quarterly Return Monthly Payment Scheme
16.13.1 Creation of Company and Activating GST in TallyPrime
16.13.2 Accounting Intrastate Supply of Goods & Services
16.13.3 Input Tax Credit Set Off against Liability and Tax Payment
16.13.4 Invoice Furnishing Facility (IFF) in QRMP scheme
16.14 Composition Dealer under GST Regime
16.14.1 Introduction
16.14.2 Conditions to be satisfied under the scheme
16.14.3 Creation of Company and Activating GST in TallyPrime
16.14.4 Accounting Intrastate and Interstate Supply of Goods
16.14.5 Generating GST Returns for Composition Dealer in Tally
16.14.6 GST Tax Payment
Conclusion
Key Takeaways
Shortcut Keys
Practice Exercises