7.1 Introduction

     7.7.1 E-Way Bill

7.7.2 GST e-Invoicing

7.7.3 GST in TallyPrime

7.7.4 Creation of Company and Activating GST

7.7.5 Introducing Capital into the Business

7.7.6 Creation of Masters in TallyPrime

7.2 Recording GST compliant transactions

7.3 Accounting Intrastate Supply of Goods & Services

    7.3.1 Intrastate Inward Supply of Goods

7.3.2 Intrastate Outward Supply of Goods and Generating e-Invoice

7.3.3 Intrastate Inward Supply of Services

7.3.4 Intrastate Outward Supply of Services

7.4 Accounting Interstate Supply of Goods

    7.4.1 Interstate Inward Supply of Goods

7.4.2 Interstate Outward Supply of Goods and Generating e-Invoice with e-Way Bill

7.5 Purchases from Unregistered Dealer

7.6 Purchases from Composition Dealer

7.7 Accounting Mixed Supply under GST

7.8 Accounting Composite Supply under GST

7.9 Supply of Exempted/Nil-rated Goods under GST

7.10 Supply of Goods to Special Economic Zone (SEZ)

7.11 Supply of Goods to Other Territory

7.12 Supply of Goods to Unregistered Dealer

7.13 Reverse Charge Mechanism under GST

     7.13.1 Import of Goods subject to Reverse Charge

7.13.2 Import of Services subject to Reverse Charge

7.13.3 Reverse Charge on Outward Supply of Services

7.13.4 Reverse Charge on Inward Supply of Services

7.14 Export of Goods under GST

     7.14.1 Exports through LUT/Bond

7.14.2 Exports Taxable

7.15 Advance Receipts under GST

    7.15.1 Advance Receipt for supply completed in the same month

7.15.2 Advance Receipt for supply completed in the subsequent month

7.16 Generating E-Invoice Report

    7.16.1 Export Bulk Invoices using Online Method.

7.16.2 Export Bulk Invoices using Offline Method.

7.16.3 Update Details in TallyPrime and Print QR Code

7.16.4 Rectify Missing/Invalid Information and Update the Details from e-Invoice report.

7.16.5 Cancel IRN

7.17 Generating E-Way Bill Report

    7.17.1 Generate e-Way Bill in Bulk

7.17.2 Update e-Way Bill Part B

7.17.3 Extend e-Way Bill Validity

7.17.4 Export Bulk Invoices using Offline Method.

7.18 Input Tax Credit Set Off against Liability

7.19 GST Tax Payment

    7.19.1 Challan Reconciliation

7.20 Reversal of Input Tax Credit

    7.20.1 Exempt and non-business supplies – Rule 42(1)(m)

7.20.2 Ineligible credit

7.20.3 Non-payment to the Supplier – Rule 37(2)

7.21 Generating GST Returns in Tally

    7.21.1 GSTR-1

7.21.2 GSTR-3B

7.21.3 GSTR-2

7.21.4 GSTR-9 – GST Annual Computation

7.22 E-Filing GST Returns in Tally

    7.22.1 Filing GSTR-1 Returns

7.22.2 Filing GSTR-3B Returns

7.22.3 Reconciling GSTR-2 Returns

7.22.4 Filing GSTR-9 Returns – GST Annual Computation

Conclusion

Key Takeaways

Shortcut Keys

Practice Exercises