GCC VAT Using Tally

This course, from the house of Tally, India’s leading business management software company, is a comprehensive course to understand the concepts of GCC VAT and its application using Tally Prime. It makes candidates experience the simplicity of working on Tally Prime software.

This course is highly recommended for working professionals to update themselves with GCC VAT compliance and candidates who aspire to build a successful career in Finance and Accounts or as entrepreneurs in GCC region. On completion of this course candidate will be equipped with knowledge and skills necessary for ensuring VAT compliance.

Course Outline:

• Introduction to GCC VAT 
• Create Company, Activate GCC VAT 
• Create Masters & Set GCC VAT Rates 
• Creating & Updating Party Ledger 
• Basic Accounting Standards (Manual Accounting) 
• GCC VAT Purchases 
• GCC VAT Sales 
• Sales in Accounting Invoice mode 
• Import of Goods & Services, and Export under GCC VAT 
• Supply of Profit Margin & Transfer of Right Use and Advances Received under GCC VAT 
• Subsequent Sales 
• GCC VAT Payments 
• Save the Changes and Overwrite Saved Returns. 

Outcomes:

• Perform Manual Accounting and Book Maintenance
• Able to operate Computerized Accounting – Tally Prime
• Understand the concept of GCC VAT
• Get a good Practical knowledge in GCC VAT