Basics of Statutory Compliance and Taxation

Tally Education and Distribution Services Private Limited

Basics of Statutory Compliance and Taxation

This course is part of Tally Bookkeeper Professional Certificate

Instructor: Tally Education and Distribution Services Private Limited

11,874 already enrolled

Included with

Learn more

4 modules

Gain insight into a topic and learn the fundamentals.

47 reviews

Intermediate level

Recommended experience

5 weeks to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

4 modules

Gain insight into a topic and learn the fundamentals.

47 reviews

Intermediate level

Recommended experience

5 weeks to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

Skills you'll gain

Tools you'll learn

Accounting Software

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

42 assignments

Taught in English

See how employees at top companies are mastering in-demand skills

Learn more about Coursera for Business

logos of Petrobras, TATA, Danone, Capgemini, P&G and L'Oreal

Build your Finance expertise

This course is part of the Tally Bookkeeper Professional Certificate

When you enroll in this course, you'll also be enrolled in this Professional Certificate.

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

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.

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

What's included

91 videos21 readings19 assignments1 discussion prompt

91 videos Total 290 minutes

Welcome Video - An Overview 2 minutes
Welcome Video - An Overview 2 minutes
Learning Objectives 3 minutes
GST and Its Importance 3 minutes
GST Tax Structure and Determination of Tax 3 minutes
GST Registration 8 minutes
Managing HSN CODE/SAC 2 minutes
GST Rate Structure 3 minutes
Supply of Goods and Services 3 minutes
Invoicing 4 minutes
Debit Note, Credit Note/Supplementary Invoice 3 minutes
Receipt Voucher 1 minute
Input Tax Credit 3 minutes
Introduction to E-Way Bill 3 minutes
Components of E-Way Bill 3 minutes
Who Must Generate E-Way Bill 1 minute
Validity of E-Way Bill 1 minute
E-Way Bill Process Flow 2 minutes
GST e-Invoicing and its Benefits 2 minutes
Date of Implementing GST e-invoicing 14 minutes
Introduction to GST in Tally 2 minutes
Creation of Company and Activating GST 6 minutes
Introducing Capital into the Business 3 minutes
Creation of Accounting Masters 7 minutes
Creation of Inventory Masters 4 minutes
Displaying Chart of Accounts 1 minute
Hierarchy of Calculating Tax in Transactions 5 minutes
Defining GST Rates at Company Level 2 minutes
Defining GST Rates at Stock Group Level 3 minutes
Defining GST Rates at Stock Item Level 3 minutes
Defining GST Rates at Accounting Group Level 1 minute
Defining GST Rates at Ledger Level 3 minutes
Defining GST Rates at Transaction Level 3 minutes
Introduction to 'Recording GST Compliant Transactions' 1 minute
Accounting Intrastate Supply of Goods & Services 1 minute
Intrastate Inward Supply of Goods 6 minutes
Intrastate Outward Supply of Goods 11 minutes
Intrastate Inward Supply of Services 3 minutes
Intrastate Outward Supply of Services 4 minutes
Accounting Interstate Supply of Goods & Services 3 minutes
Interstate Outward Supply of Goods 3 minutes
Interstate Outward Supply of Services 2 minutes
Accounting Purchase and Sales Returns of Goods with GST 1 minute
Purchase Returns of Goods 4 minutes
Sales Returns of Goods 3 minutes
Supplies Inclusive of Tax 6 minutes
Introduction to 'E-Way Bill Report in Tally' 2 minutes
Exporting Bulk or Consolidated e-Way Bill invoices 3 minutes
Update e-Way Bill Information 1 minute
Input Tax Credit Set Off Against Liability 7 minutes
Overview of GST Tax Payment 2 minutes
Timeline for Payment of GST Tax 3 minutes
Challan Reconciliation 2 minutes
Introduction to 'Generating GST Returns for Regular Dealer in Tally' 1 minute
GSTR-1 5 minutes
GSTR-3B 3 minutes
GSTR-9 – GST Annual Computation 5 minutes
Introduction to 'Filing GST Returns in Tally' 1 minute
Generating the JSON file from Tally and uploading the same in the GST Portal 2 minutes
Generating GSTR-3B details in JSON format 2 minutes
Filing GSTR-9 Returns - GST Annual Computation 2 minutes
Introduction to 'Generating e-Invoice in Tally' and Business Scenario 3 minutes
Recording Outward Supply and Generating e-Invoice Without e-Way Bill 7 minutes
Recording Outward Supply and Generating e-Invoice With e-Way Bill 7 minutes
Generating E-Invoice Report on Tally 1 minute
Export Bulk Invoices using Online Method 1 minute
Export Bulk Invoices using Offline Method 3 minutes
Update Details in Tally and Print QR Code 8 minutes
Quarterly Return Monthly Payment Scheme and Business Scenario 4 minutes
Company Creation and Introducing Capital in the Business 2 minutes
Creation of Accounting Masters 2 minutes
Creation of Inventory Masters 1 minute
Accounting Intrastate Supply of Goods & Services 2 minutes
Intrastate Outward Supply of Goods 6 minutes
Input Tax Credit Set Off against Liability and Tax Payment 3 minutes
Invoice Furnishing Facility (IFF) in QRMP Scheme 1 minute
Exporting Section-Wise JSON Files from Tally for IFF 9 minutes
Filing Quarterly Return -GSTR-1 3 minutes
Introduction to 'Composition Dealer Under GST Regime' 1 minute
Conditions to be Satisfied Under the Scheme and Business Scenario 3 minutes
Company Creation and Introducing Capital in the Business 2 minutes
Creation of Accounting Masters 2 minutes
Creation of Inventory Masters 2 minutes
Intrastate Inward Supply of Goods 3 minutes
Interstate Inward Supply of Goods 1 minute
Intrastate Outward Supply of Goods 5 minutes
Generating GST Returns for Composition Dealer in Tally 1 minute
GSTR-4 4 minutes
GST CMP-08 2 minutes
GST Tax Payment 6 minutes
Conclusion 2 minutes

21 readings Total 1,125 minutes

Program and Course Overview 10 minutes
Learning Objectives 5 minutes
Introduction to GST -Part A 30 minutes
Introduction to GST -Part B 30 minutes
E-Way Bill 30 minutes
GST e-Invoicing 50 minutes
GST in Tally 60 minutes
Hierarchy of Calculating Tax in Transactions-Part A 30 minutes
Hierarchy of Calculating Tax in Transactions-Part B 30 minutes
Recording GST Compliant Transactions -Part A 120 minutes
Recording GST Compliant Transactions -Part B 120 minutes
Recording GST Compliant Transactions -Part C 90 minutes
E-Way Bill Report in Tally 30 minutes
Input Tax Credit Set Off Against Liability 30 minutes
GST Tax Payment 30 minutes
Generating GST Returns for Regular Dealer in Tally 30 minutes
Filing GST Returns in Tally 30 minutes
Generating e-Invoice in Tally 120 minutes
Quarterly Return Monthly Payment Scheme 120 minutes
Composition Dealer Under GST Regime 120 minutes
Conclusion 10 minutes

19 assignments Total 73 minutes

Graded Assessment-Goods and Services Tax (GST) 20 minutes
Introduction to GST -Part A 5 minutes
Introduction to GST -Part B 3 minutes
E-Way Bill 5 minutes
GST e-Invoicing 2 minutes
GST in Tally 4 minutes
Hierarchy of Calculating Tax in Transactions-Part A 3 minutes
Hierarchy of Calculating Tax in Transactions-Part B 2 minutes
Recording GST Compliant Transactions -Part A 3 minutes
Recording GST Compliant Transactions -Part B 2 minutes
Recording GST Compliant Transactions -Part C 3 minutes
E-Way Bill Report in Tally 4 minutes
Input Tax Credit Set Off Against Liability 2 minutes
GST Tax Payment 1 minute
Generating GST Returns for Regular Dealer in Tally 2 minutes
Filing GST Returns in Tally 3 minutes
Generating e-Invoice in Tally 4 minutes
Quarterly Return Monthly Payment Scheme 3 minutes
Composition Dealer Under GST Regime 2 minutes

1 discussion prompt Total 10 minutes

You can use this Discussion Prompt to introduce yourself. 10 minutes

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.

What's included

30 videos13 readings10 assignments

30 videos Total 125 minutes

Learning Objectives 1 minute
Introduction to TDS 1 minute
Basic Concepts of TDS Part 1 1 minute
Basic Concepts of TDS Part 2 0 minutes
Basic Concepts of TDS Part 3 3 minutes
TDS Process Part 1 5 minutes
TDS Process Part 2 3 minutes
TDS in Tally 2 minutes
Activation of TDS in Tally 2 minutes
TDS Statutory Masters 3 minutes
Configuration of TDS at Group level 14 minutes
Configuration of TDS at Ledger level 12 minutes
Recording TDS Compliant Transactions in Tally 14 minutes
Booking Expenses and TDS deduction on crossing Exemption Limit 12 minutes
Accounting Multiple Expenses and Deducting TDS later 8 minutes
TDS Payment to Department 3 minutes
Resolving Uncertain Transactions 2 minutes
TDS Outstanding 1 minute
Payment of Tax to the Income Tax Department 5 minutes
Generating TDS Challan (ITNS 281) 3 minutes
TDS Report 1 minute
Challan Reconciliation 5 minutes
Form 26Q 3 minutes
Total Voucher 5 minutes
Payment Details 1 minute
E-Return 1 minute
Form 26Q 6 minutes
TRACES Portal 2 minutes
Changes in TDS rates from 1st April 2021 3 minutes
Conclusion 1 minute

13 readings Total 449 minutes

Learning Objectives 2 minutes
Introduction to TDS 2 minutes
Basic Concepts of TDS 30 minutes
TDS Process 30 minutes
TDS in Tally 30 minutes
TDS Statutory Masters 10 minutes
Configuration of TDS at Different levels 60 minutes
Recording TDS Compliant Transactions in Tally- Part A 90 minutes
Recording TDS Compliant Transactions in Tally- Part B 90 minutes
TDS Payment to Department 30 minutes
TDS Report 60 minutes
Changes in TDS rates from 1st April 2021 10 minutes
Conclusion 5 minutes

10 assignments Total 35 minutes

Graded Assessment-Tax Deducted at Source (TDS) 18 minutes
Basic Concepts of TDS 2 minutes
TDS Process 1 minute
TDS in Tally 1 minute
TDS Statutory Masters 2 minutes
Configuration of TDS at Different levels 2 minutes
Recording TDS Compliant Transactions in Tally 4 minutes
TDS Payment to Department 2 minutes
TDS Report 2 minutes
Changes in TDS rates from 1st April 2021 1 minute

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

What's included

11 videos7 readings5 assignments

11 videos Total 33 minutes

Learning Objectives 1 minute
Introduction to Management of Business Data 2 minutes
Exporting of data in available formats 4 minutes
Export and Import of Data 1 minute
Export and Import of Masters from one company to another in XML format 7 minutes
Export and Import of Transactions from one company to another in XML format 3 minutes
Exporting Reports to MS Excel 2 minutes
Exporting Reports to PDF 2 minutes
Open Database Connectivity (ODBC) 5 minutes
Printing of Company Logo on Vouchers, Invoices & Reports 6 minutes
Conclusion 1 minute

7 readings Total 129 minutes

Learning Objectives 2 minutes
Introduction to Management of Business Data 5 minutes
Exporting of data in available formats 10 minutes
Export and Import of Data 60 minutes
Open Database Connectivity (ODBC) 30 minutes
Printing of Company Logo on Vouchers, Invoices & Reports 20 minutes
Conclusion 2 minutes

5 assignments Total 14 minutes

Graded Assessment - Management of Business Data 8 minutes
Exporting of data in available formats 1 minute
Export and Import of Data 2 minutes
Open Database Connectivity (ODBC) 1 minute
Printing of Company Logo on Vouchers, Invoices & Reports 2 minutes

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.

What's included

9 videos10 readings8 assignments

9 videos Total 30 minutes

Learning Objectives 1 minute
Introduction to Moving to the Next Financial Year 2 minutes
Changing Current Period and continue voucher entry in the same company data 3 minutes
Company data handling through Export and Import of data 7 minutes
Split Company Data 6 minutes
Create a new company and maintain books of accounts for the new financial year 2 minutes
Creating Group Company Data 5 minutes
Comparative Final Accounts Reports of Two Companies 3 minutes
Conclusion 1 minute

10 readings Total 379 minutes

Learning Objectives 12 minutes
Introduction to Moving to the Next Financial Year 5 minutes
Changing Current Period and continue voucher entry in the same company data 10 minutes
Company data handling through Export and Import of data 30 minutes
Split Company Data 30 minutes
Create a new company and maintain books of accounts for the new financial year 10 minutes
Creating Group Company Data 30 minutes
Comparative Final Accounts Reports of Two Companies 10 minutes
Conclusion 2 minutes
Statutory & Taxation Capstone Project 240 minutes

8 assignments Total 82 minutes

Graded Assessment - Moving to the Next Financial Year 14 minutes
Statutory & Taxation - Capstone Project 60 minutes
Changing Current Period and continue voucher entry in the same company data 2 minutes
Company data handling through Export and Import of data 1 minute
Split Company Data 2 minutes
Create a new company and maintain books of accounts for the new financial year 1 minute
Creating Group Company Data 1 minute
Comparative Final Accounts Reports of Two Companies 1 minute

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.

Instructor

Instructor ratings

(7 ratings)

Tally Education and Distribution Services Private Limited

7 Courses 81,161 learners

Offered by

Tally Education and Distribution Services Private Limited

Explore more from Finance

Coursera
Accounting Principles, Compliance, and Audit Readiness
Course
University of Pennsylvania
Regulatory Compliance
Specialization
Tally Education and Distribution Services Private Limited
Fundamentals of Accounting and Reporting
Course
University of Pennsylvania
What is Compliance?
Course

Why people choose Coursera for their career

Felipe M.

Learner since 2018

"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."

Jennifer J.

Learner since 2020

"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."

Larry W.

Learner since 2021

"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."

Chaitanya A.

"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."

Learner reviews

5 stars
74.46%
4 stars
17.02%
3 stars
0%
2 stars
4.25%
1 star
4.25%

Showing 3 of 47

Reviewed on Aug 5, 2023

THE COURSE HELPED ME LEARNING DETAILEDABOUT TALLY

Reviewed on Mar 22, 2025

This course is valuable for anyone in finance, accounting, or taxation and helps in managing compliance efficiently.

Reviewed on Jan 14, 2023

Good for acquireacquiring basic accounting and bookkeeping skills

View more reviews

Open new doors with Coursera Plus

Unlimited access to 10,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription

Learn more

Advance your career with an online degree

Earn a degree from world-class universities - 100% online

Explore degrees

Join over 3,400 global companies that choose Coursera for Business

Upskill your employees to excel in the digital economy

Learn more

Frequently asked questions

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Certificate, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.