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Tally Education and Distribution Services Private Limited
This course is for those interested in starting a career in bookkeeping. The course builds on the knowledge and skills covered in the first two courses in this professional certificate to dive deeper into concepts related to taxation. You will apply those concepts in scenarios using the TallyPrime software.The course includes several real-life business scenarios, charts, images, observations, solved illustrations, and practice scenarios on TallyPrime.
By the end of the course, you will be able to:
- Apply the concept of goods and services tax (GST)
- Configure tax deducted as source (TDS)
Read more
This course is for those interested in starting a career in bookkeeping. The course builds on the knowledge and skills covered in the first two courses in this professional certificate to dive deeper into concepts related to taxation. You will apply those concepts in scenarios using the TallyPrime software.The course includes several real-life business scenarios, charts, images, observations, solved illustrations, and practice scenarios on TallyPrime.
By the end of the course, you will be able to:
- Apply the concept of goods and services tax (GST)
- Configure tax deducted as source (TDS)
Read more
This course is for those interested in starting a career in bookkeeping. The course builds on the knowledge and skills covered in the first two courses in this professional certificate to dive deeper into concepts related to taxation. You will apply those concepts in scenarios using the TallyPrime software.The course includes several real-life business scenarios, charts, images, observations, solved illustrations, and practice scenarios on TallyPrime.
By the end of the course, you will be able to:
- Apply the concept of goods and services tax (GST)
- Configure tax deducted as source (TDS)
- Manage business data
- Manage data across companies
No prior experience in bookkeeping is required. To be successful in this course, you should have completed the first two courses in this program, Fundamentals of Accounting and Reporting (course 1) and Principles of Accounts Payable and Receivable Management (course 2), or have the equivalent skills and knowledge.
Register for this course and see more details by visiting:
OpenCourser.com/course/ib6ag8/basics
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Syllabus
Goods and Services Tax (GST)
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
Read more
Syllabus
Goods and Services Tax (GST)
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
Read more
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what should give you pause and
possible dealbreakers
Improves general understanding of the fields of tax and bookkeeping
Further develops one's knowledge of GST and principles of management
Provides helpful insights into the process of filing GST returns
Uses a multi-modal approach including images, charts, and practice scenarios on TallyPrime
May require learners to already have some knowledge about business and accounting
Learners will need to have taken the two prior courses in this program in order to be successful
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Reviews summary
Essential bookkeeping with taxation fundamentals
According to learners, this course provides a solid foundation (positive) in statutory compliance and taxation, particularly focusing on Goods and Services Tax (GST) and Tax Deducted at Source (TDS). Students appreciate the practical application (positive) of concepts using TallyPrime software (positive), noting the inclusion of real-life business scenarios (positive) and solved illustrations (positive) as particularly helpful. While many found the content clear and well-structured (positive), some more recent reviews suggest a need for periodic updates (warning) to reflect current tax regulations. The course is widely considered highly relevant for aspiring bookkeepers (positive) and finance professionals seeking practical skills.
Builds effectively on prior accounting fundamentals.
"Having completed the first two courses, I found this course flowed seamlessly and built perfectly on prior knowledge."
"I recommend completing the prerequisite courses; it truly enhances the learning experience here."
"This course assumes a basic understanding of accounting, which I had from the previous modules, making it easier."
Well-organized modules with understandable explanations.
"The modules on GST and TDS were very well-explained, making complex topics digestible."
"I appreciated the logical flow of the course, building from basics to more advanced data management."
"The solved illustrations and charts really helped clarify difficult statutory compliance rules."
Hands-on application of concepts using TallyPrime software.
"The hands-on exercises in TallyPrime were invaluable; I could immediately apply what I learned to my work."
"I found the practical scenarios on TallyPrime incredibly helpful for understanding GST and TDS concepts."
"This course brilliantly integrated TallyPrime, making complex tax topics much easier to grasp and implement."
Highly beneficial for aspiring bookkeepers and finance professionals.
"As someone looking to start a bookkeeping career, this course provided exactly the practical knowledge I needed."
"I now feel much more confident in handling GST and TDS for small businesses."
"This course is a perfect continuation for anyone serious about a career in accounting and compliance."
Some content may require updates due to regulatory changes.
"While the course is great, some of the tax regulations might need a quick review to reflect the latest changes."
"I noticed a few minor discrepancies with the current GST laws, but the core concepts are still solid."
"It would be beneficial if the course content was periodically updated to keep pace with evolving tax legislation."
Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Basics of Statutory Compliance and Taxation with these
activities:
Review the basics of bookkeeping
Show steps
This activity will improve your recall of the fundamentals of bookkeeping, which will help you have a stronger foundation for the concepts covered in this course.
Browse courses on
Accounting Basics
Show steps
-
Review your notes from previous courses or textbooks.
-
Take practice quizzes or tests to assess your understanding of accounting principles.
-
Complete online tutorials or refresher courses on accounting topics.
Review Fundamentals of Accounts and Reporting
Show steps
Familiarize yourself with the foundational accounting concepts covered in the first course of this program.
Show steps
-
Obtain a copy of the book.
-
Read through the book.
-
Complete the practice exercises at the end of each chapter.
Explore the TallyPrime software
Show steps
This activity will provide you with hands-on experience with the software that will be used throughout the course, which will make you more comfortable and efficient when using it for the course assignments.
Browse courses on
TallyPrime
Show steps
-
Watch tutorial videos on YouTube or the TallyPrime website.
-
Follow along with step-by-step guides to perform common accounting tasks in TallyPrime.
-
Complete practice exercises using the TallyPrime software.
Five other activities
Expand to see all activities and additional details
Show all eight activities
Review TallyPrime software basics
Show steps
TallyPrime is the main software used in this course, and a solid grounding in navigating and utilizing the software will serve you well throughout the educational experience.
Browse courses on
TallyPrime
Show steps
-
Download and install TallyPrime on your computer.
-
Create a new company and enter basic company information.
-
Familiarize yourself with the user interface, including the menu bar, toolbars, and work area.
-
Practice creating and editing vouchers, such as sales invoices and purchase orders.
Practice applying GST concepts
Show steps
This activity will provide you with repetitive exercises to reinforce your understanding of GST concepts, which will help you master this complex topic.
Show steps
-
Solve practice problems related to GST calculations.
-
Use online GST calculators to check your answers and identify areas where you need improvement.
-
Participate in online forums or discussion groups to discuss GST concepts with other students or professionals.
Create a data visualization to analyze business data
Show steps
This activity will allow you to apply your knowledge of business data management and data analysis to create a meaningful representation of data, which will help you develop your analytical and communication skills.
Browse courses on
Data Visualization
Show steps
-
Identify a business question that you want to answer using data visualization.
-
Collect and prepare the necessary data.
-
Choose an appropriate data visualization tool and create the visualization.
-
Interpret the results of your data visualization and draw conclusions.
-
Present your data visualization to others and explain your findings.
Review Class Notes and Assignments
Show steps
Reinforce your learning by regularly reviewing the materials covered during class.
Show steps
-
Go through your class notes.
-
Review the assigned readings.
-
Revisit completed assignments.
Discuss Complex Tax Scenarios
Show steps
Enhance your understanding of tax concepts by working with peers to analyze and solve complex scenarios.
Show steps
-
Identify a complex tax scenario.
-
Form a study group with other students.
-
Analyze the scenario and discuss different approaches to solving it.
-
Come to a consensus on the best solution.
Review the basics of bookkeeping
Show steps
This activity will improve your recall of the fundamentals of bookkeeping, which will help you have a stronger foundation for the concepts covered in this course.
Browse courses on
Accounting Basics
Show steps
Show steps
Show steps
- Review your notes from previous courses or textbooks.
- Take practice quizzes or tests to assess your understanding of accounting principles.
- Complete online tutorials or refresher courses on accounting topics.
Review Fundamentals of Accounts and Reporting
Show steps
Familiarize yourself with the foundational accounting concepts covered in the first course of this program.
Show steps
Show steps
Show steps
- Obtain a copy of the book.
- Read through the book.
- Complete the practice exercises at the end of each chapter.
Explore the TallyPrime software
Show steps
This activity will provide you with hands-on experience with the software that will be used throughout the course, which will make you more comfortable and efficient when using it for the course assignments.
Browse courses on
TallyPrime
Show steps
Show steps
Show steps
- Watch tutorial videos on YouTube or the TallyPrime website.
- Follow along with step-by-step guides to perform common accounting tasks in TallyPrime.
- Complete practice exercises using the TallyPrime software.
Five other activities
Expand to see all activities and additional details
Show all eight activities
Review TallyPrime software basics
Show steps
TallyPrime is the main software used in this course, and a solid grounding in navigating and utilizing the software will serve you well throughout the educational experience.
Browse courses on
TallyPrime
Show steps
Show steps
Show steps
- Download and install TallyPrime on your computer.
- Create a new company and enter basic company information.
- Familiarize yourself with the user interface, including the menu bar, toolbars, and work area.
- Practice creating and editing vouchers, such as sales invoices and purchase orders.
Practice applying GST concepts
Show steps
This activity will provide you with repetitive exercises to reinforce your understanding of GST concepts, which will help you master this complex topic.
Show steps
Show steps
Show steps
- Solve practice problems related to GST calculations.
- Use online GST calculators to check your answers and identify areas where you need improvement.
- Participate in online forums or discussion groups to discuss GST concepts with other students or professionals.
Create a data visualization to analyze business data
Show steps
This activity will allow you to apply your knowledge of business data management and data analysis to create a meaningful representation of data, which will help you develop your analytical and communication skills.
Browse courses on
Data Visualization
Show steps
Show steps
Show steps
- Identify a business question that you want to answer using data visualization.
- Collect and prepare the necessary data.
- Choose an appropriate data visualization tool and create the visualization.
- Interpret the results of your data visualization and draw conclusions.
- Present your data visualization to others and explain your findings.
Review Class Notes and Assignments
Show steps
Reinforce your learning by regularly reviewing the materials covered during class.
Show steps
Show steps
Show steps
- Go through your class notes.
- Review the assigned readings.
- Revisit completed assignments.
Discuss Complex Tax Scenarios
Show steps
Enhance your understanding of tax concepts by working with peers to analyze and solve complex scenarios.
Show steps
Show steps
Show steps
- Identify a complex tax scenario.
- Form a study group with other students.
- Analyze the scenario and discuss different approaches to solving it.
- Come to a consensus on the best solution.
Career center
Learners who complete Basics of Statutory Compliance and Taxation will develop knowledge and skills
that may be useful to these careers:
Tax Specialist
Tax Specialist
Tax Specialists work primarily in accounting departments, ensuring compliance with tax laws. Using their extensive knowledge of tax codes, they file tax returns, make payments, and consult with clients about their tax liabilities. They may focus on specific areas like income tax, sales tax, or payroll tax. This course, with its focus on concepts related to taxation, can help Tax Specialists stay up-to-date on the latest tax laws and regulations. It can also help them develop the skills needed to manage business data and file tax returns accurately.
Accountant
Accountant
Accountants are responsible for managing financial records, preparing financial statements, and ensuring compliance with accounting standards. The skills and knowledge covered in this course, like the application of GST and management of business data, can help Accountants perform their duties more efficiently and effectively. It can also help them better understand the tax implications of different business transactions.
Finance Manager
Finance Manager
Finance managers oversee the financial operations of a company, including budgeting, forecasting, and financial reporting. This course can help Finance Managers build a strong foundation in taxation, which is essential for making sound financial decisions. It can also help them develop the skills needed to manage large amounts of financial data.
Auditor
Auditor
Auditors examine financial records to ensure accuracy and compliance with laws and regulations. This course can provide Auditors with a deeper understanding of taxation, which is essential for their work. It can also help them develop the skills needed to manage financial data, identify errors and fraud, and improve internal controls.
Tax Consultant
Tax Consultant
Tax Consultants advise clients on tax matters, helping them minimize their tax liability and comply with tax laws. This course can help Tax Consultants expand their knowledge of taxation and develop the skills needed to provide sound advice to clients. It can also help them stay up-to-date on the latest tax laws and regulations.
Compliance Officer
Compliance Officer
Compliance Officers ensure that organizations comply with laws and regulations. This course can provide Compliance Officers with a deep understanding of statutory compliance, including taxation, which is essential for their work. It can also help them develop the skills needed to manage risk and implement compliance programs.
Financial Analyst
Financial Analyst
Financial Analysts research and analyze financial data to provide insights to investors and businesses. This course can help Financial Analysts understand the impact of taxation on financial performance and valuation. It can also help them develop the skills needed to manage financial data and analyze financial statements.
Management Consultant
Management Consultant
Management Consultants advise businesses on how to improve their operations and performance. This course can provide Management Consultants with a deeper understanding of taxation, which is essential for helping businesses comply with tax laws and minimize their tax liability. It can also help them develop the skills needed to understand complex financial data and provide strategic advice to clients.
Investment Banker
Investment Banker
Investment Bankers help companies raise capital and advise on mergers and acquisitions. This course can provide Investment Bankers with a basic understanding of taxation, which is essential for their work. It can also help them develop the skills needed to understand complex financial data and analyze financial performance.
Credit Analyst
Credit Analyst
Credit Analysts evaluate the creditworthiness of borrowers to determine their risk of default. This course can provide Credit Analysts with a basic understanding of taxation, which is essential for assessing the financial health of borrowers. It can also help them develop the skills needed to understand complex financial data and analyze financial statements.
Budget Analyst
Budget Analyst
Budget Analysts help organizations plan and manage their finances. This course can provide Budget Analysts with a basic understanding of taxation, which is essential for developing accurate budgets and forecasting financial performance. It can also help them develop the skills needed to understand complex financial data and analyze financial statements.
Business Analyst
Business Analyst
Business Analysts research and analyze business processes to identify areas for improvement. This course can provide Business Analysts with a basic understanding of taxation, which is essential for understanding the financial implications of different business decisions. It can also help them develop the skills needed to understand complex financial data and analyze financial performance.
Data Analyst
Data Analyst
Data Analysts collect and analyze data to provide insights to businesses. This course can provide Data Analysts with a basic understanding of taxation, which is essential for understanding the financial implications of different data points. It can also help them develop the skills needed to manage large amounts of data and identify trends and patterns.
Operations Research Analyst
Operations Research Analyst
Operations Research Analysts develop and apply mathematical models to solve business problems. This course can provide Operations Research Analysts with a basic understanding of taxation, which is essential for understanding the financial implications of different business decisions. It can also help them develop the skills needed to analyze data and make recommendations.
Software Developer
Software Developer
Software Developers design, develop, and maintain computer software. This course may provide Software Developers with a basic understanding of taxation, which is essential for understanding the financial implications of software development projects. It can also help them develop the skills needed to understand complex financial data and analyze financial performance.
For more career information including salaries, visit:
OpenCourser.com/course/ib6ag8/basics
Reading list
We've selected nine books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Basics of Statutory Compliance and Taxation.
Provides a comprehensive overview of the principles and practices of business data management. It covers topics such as data collection, storage, analysis, and security. It valuable resource for anyone looking to improve their understanding of business data management.
Provides a step-by-step guide to the process of moving to a new financial year in Tally. It covers topics such as data export and import, company splitting, and group company creation. It valuable resource for anyone who needs to understand and perform this process.
Provides a comprehensive overview of the principles and practices of auditing and assurance services. It valuable resource for anyone who needs to understand the basics of auditing and assurance services.
Provides a comprehensive overview of the principles and practices of cost accounting. It valuable resource for anyone who needs to understand the basics of cost accounting.
Provides a comprehensive overview of the principles and practices of managerial accounting. It valuable resource for anyone who needs to understand the basics of managerial accounting.
Provides a comprehensive overview of the International Financial Reporting Standards (IFRS). It valuable resource for anyone who needs to understand the basics of IFRS.
Save
This newspaper provides up-to-date news and analysis on the Indian economy. It valuable resource for anyone who wants to stay informed about the latest economic developments in India.
This newspaper provides up-to-date news and analysis on the global economy. It valuable resource for anyone who wants to stay informed about the latest economic developments around the world.
Save
This magazine provides in-depth articles on business, finance, and technology. It valuable resource for anyone who wants to stay informed about the latest trends in business and technology.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/ib6ag8/basics
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Effort
4 weeks of study, 6 hours/week
Level
Intermediate
Via
Coursera
Institution
Tally Education and Distribution Services Private Limited
Instructor
Tally Education and Distribution Services Private Limited
Language
English
Transcripts
Español
Français
Português
Deutsch
Italiano
中文
العربية
한국어
日本語
हिंदी
Nederlands
Svenska
Pусский
Türkçe
Polski
Ελληνικά
українська мова
Bahasa Indonesia
ไทย
қазақша
tiếng Việt
This course belongs to a
collection
called
Tally Bookkeeper. It's comprised of three courses:
- Principles of Accounts Payable and Receivable Management
- Basics of Statutory Compliance and Taxation (viewing)
- Fundamentals of Accounting and Reporting
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