Category: Advanced

Importing Party GSTIN in TallyPrime helps businesses maintain accurate records for GST compliance. Instead of manually entering GSTIN details for each party, you can bulk import them using Excel or XML files, saving time and minimizing errors. 1. Why Import Party GSTIN in TallyPrime? 2. Methods to Import Party GSTIN in TallyPrime TallyPrime provides two…

1. Understanding Non-Revenue Accounts in TallyPrime Non-revenue accounts refer to accounts that do not directly contribute to revenue generation but are essential for business operations. These accounts include: While these accounts are not part of sales or purchase transactions, GST may still be applicable under certain conditions. 2. When Does GST Apply to Non-Revenue Accounts?…

TallyPrime allows businesses to include certain expenses (like freight, packing charges, insurance, handling charges, etc.) as part of the assessable value of goods or services in invoices. This is particularly useful for GST compliance, where expenses that form part of the transaction value should be taxable under GST. 1. What is the Assessable Value in…

TallyPrime allows users to create and modify GST classifications for Cess, which can be calculated either based on quantity (per unit) or value (percentage of the item’s price). This is particularly useful for industries where additional cess is applicable, such as tobacco, aerated drinks, and luxury cars. 1. What is Cess in GST? GST Compensation…

TallyPrime allows businesses to validate GSTIN/UIN and HSN/SAC details online, ensuring accuracy and compliance with GST regulations. This feature helps in reducing errors related to incorrect GST numbers and invalid HSN/SAC codes while filing GST returns. 1. Why Validate GSTIN/UIN and HSN/SAC Online in TallyPrime? 1. Benefits of GSTIN/UIN Validation: 2. Benefits of HSN/SAC Validation:…

1. What is the GST Return Effective Date for GSTR-1 and GSTR-3B? In TallyPrime, businesses can set different GST Return Effective Dates for GSTR-1 (Outward Supplies) and GSTR-3B (Summary Return). This feature is useful for cases like: 2. Importance of Setting Different GST Return Effective Dates in TallyPrime 3. How to Set Different GST Return…

1. What is the GST Return Effective Date for Vouchers in TallyPrime? The GST Return Effective Date for Vouchers in TallyPrime allows businesses to set a specific date from which GST should be applicable to transactions. This ensures that vouchers created before the effective date do not impact GST returns (GSTR-1, GSTR-3B, and Annual Returns).…

If you are unable to log in to the GST portal through TallyPrime due to issues like forgotten credentials, expired sessions, or incorrect configurations, you may need to reset your GST login. Resetting GST login in TallyPrime ensures that you can continue filing GST returns and syncing data with the GST portal without any interruptions.…

Enabling API access for Connected GST in TallyPrime streamlines your GST compliance by allowing direct interactions with the GSTN portal. This integration facilitates seamless uploading and downloading of returns, enhancing efficiency and accuracy in your GST processes. Here’s a detailed guide to setting up API access: Step 1: Enable API Access on the GST Portal…

When an SEZ unit purchases services from a Regular–SEZ dealer, GST treatment depends on the mode of taxation—either with payment of IGST or under an LUT/Bond without payment of tax. Here’s a detailed breakdown: 1. Nature of Transactions for Purchase of Service from a Regular – SEZ Dealer as a SEZ unit in TallyPrime 2.…