Manufactured Items with GST TallyPrime
by Manufactured items are products created by assembling or processing raw materials or components. In the GST regime, businesses that engage in manufacturing or production activities …
Debit/Credit Note with GST – TallyPrime
Debit Note: Issued by a buyer to a seller, it represents an increase in the purchase value. Debit Notes are issued when the buyer has …
Backup Company in Tally Prime
Backing up your company data in TallyPrime is an essential practice to ensure the safety of your financial records. Regular backups protect your data from …
URD Transactions in GST – TallyPrime
URD transactions refer to transactions where a registered business supplies goods or services to individuals or entities that are not registered for GST. These unregistered …
B2C Transactions in GST – TallyPrime
B2C transactions refer to transactions where businesses supply goods or services directly to end consumers. In the context of GST, these are transactions that involve …
What is Entry in Accounting? | Entry Modes and Types Explained
An entry in accounting refers to the act of recording a financial transaction in the books of accounts. It shows what happened in the transaction—which …
Service Tax in GST TallyPrime
Service tax, previously governed by the Service Tax Act, was replaced by GST on July 1, 2017. Under GST, service tax is subsumed into the …
GSTR2 Report in GST
GSTR-2, or the Goods and Services Tax Return-2, is a report that businesses in India need to file under the GST (Goods and Services Tax) …
What is GSTR-1? GSTR1 Return Filing in TallyPrime
GST R1 Return is an important filing under the Goods and Services Tax (GST) system in India. If you are a business owner registered under …
Post-Dated Vouchers in TallyPrime
A Post-Dated Voucher is a voucher (like Payment, Receipt, Journal, etc.) that is entered today but is dated for a future date. It does not affect your books of accounts or reports until …