Tally is accounting software used by businesses for managing accounts, inventory, payroll, and taxation.
GST (Goods and Services Tax) is India’s indirect tax system, and Tally is fully GST-compliant.
📘 Topics You’ll Learn in Tally with GST
1. Basics of Accounting
- What is debit and credit?
- Types of accounts (Assets, Liabilities, Income, Expenses)
- Journal entries, ledger, trial balance, etc.
2. Getting Started with Tally
- Installing Tally Prime (latest version)
- Creating a company
- Navigating Tally interface
- Shortcut keys (like F11, F12, Alt+C, etc.)
3. Creating Masters
- Ledgers (e.g., Cash, Bank, Sales, Purchase)
- Groups (Primary & Secondary groups)
- Stock Items and Stock Groups
4. Voucher Entry
- Sales & Purchase Vouchers
- Payment & Receipt Vouchers
- Journal & Contra Vouchers
5. GST Configuration in Tally
- Enabling GST in Tally
- Creating GST ledgers
- Applying GST to stock items
- Generating GST-compliant invoices
6. GST Transactions
- Local and Interstate Sales & Purchases
- Reverse Charge Mechanism
- Input Tax Credit (ITC)
- GST Returns (GSTR-1, GSTR-3B)
7. Reports and Returns
- Profit & Loss account
- Balance Sheet
- GST Summary and Return filing reports
🧠 How AI Can Help You Learn Faster
- Instant Explanations – Ask any concept like “What is ITC in GST?” and get instant clarity.
- Shortcuts and Tips – I can give you MCQs, flashcards, or key shortcut lists.
- Practical Scenarios – Practice with sample transactions.
- Mock Tests – I can generate quizzes or MCQs to test your knowledge.
- Step-by-step Practice – Tell me what you’re working on, and I’ll guide you through each screen in Tally.
🛠️ Tools You’ll Need
- Tally Prime software (Download from tallysolutions.com)
- A demo company for practice
- A notebook or Excel to track your entries
📅 Suggested Weekly Plan (4 Weeks)
| Week | Focus Area | Activities |
|---|---|---|
| 1 | Accounting & Tally Basics | Create company, ledger, basic vouchers |
| 2 | GST in Tally | Enable GST, GST entries, GST ledgers |
| 3 | Advanced Transactions | RCM, Mixed Supplies, Reports |
| 4 | GST Returns & Practice | GSTR-1, GSTR-3B, MCQs, Mock tests |
Would you like to start with:
- Basic Accounting concepts
- Installing and exploring Tally
- GST setup in Tally
- Practice questions and MCQs?
Let me know your current level or where you’d like to begin, and I’ll guide you from there!
4o
You said:
GST setup in Tally AND EXPLANE WITH USE AI IN SKILL
ChatGPT said:
Perfect! Let’s dive into GST Setup in Tally with a simple explanation and show how AI (like me) can help you at each step to build this skill efficiently. 💡
🔧 Step-by-Step GST Setup in Tally Prime
✅ 1. Enable GST in Tally
This allows Tally to handle all GST-related entries.
Steps:
- Open Tally Prime.
- Select your company (or create a new one).
- Press F11 (Features) → Go to Statutory & Taxation.
- Set Enable Goods and Services Tax (GST) to Yes.
- Set/Verify your:
- State
- GSTIN
- Tax type: Regular / Composition, etc.
- Press Ctrl + A to save.
💡 AI Tip: Ask me anytime what each GST type means (e.g., what is Composition Scheme?), and I’ll break it down.
✅ 2. Create GST Ledgers
You need:
- CGST, SGST, IGST ledgers (under Duties & Taxes)
Steps:
- Gateway of Tally → Accounts Info → Ledgers → Create
- Name: CGST / SGST / IGST
- Under: Duties & Taxes
- Type of duty/tax: GST
- Percentage of Calculation: e.g., 9% for CGST/SGST, 18% for IGST
💡 AI Skill Help: I can help you calculate and remember rates for different goods/services (based on GST slabs).
✅ 3. Set GST Rates for Items
You must define tax rates for your products.
Steps:
- Gateway → Inventory Info → Stock Items → Create or Alter item
- Set GST Applicable: Yes
- Set GST Rate: Enter rate (e.g., 18%)
💡 AI Role: Not sure what the GST rate is for your product? Just ask me the product name and I’ll tell you the standard rate!
✅ 4. Assign GST in Vouchers
When you do a sale or purchase:
- Choose the right ledger (Sales/Purchase)
- Select the GST tax ledgers
- Tally auto-applies GST and calculates everything
🧠 How AI Helps You Build This Skill Smartly
| Skill | AI Assistance |
|---|---|
| Learn GST concepts | I explain terms like GSTIN, CGST, RCM, etc., in simple language |
| Error correction | Tell me what you entered, and I’ll spot mistakes (wrong rates, ledgers, etc.) |
| Practice help | I can give you mock transactions and verify your entries |
| Shortcut mastery | Want to do it faster? I’ll teach you keyboard shortcuts for every step |
| Custom learning | Learning sales entries with GST only? I’ll focus on just that part with you |
🧪 Practice Example with AI
“You sold goods worth ₹10,000 to a Delhi customer. GST @ 18% applies.”
Want to enter this in Tally? Just say:
➡️ “Help me enter a local sale with 18% GST in Tally”
And I’ll walk you through each click and field.
You can also say:
➡️ “Show me how CGST and SGST apply here”
Would you like to try a sample GST transaction now? I can walk you through it as if we’re using Tally together.
