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Mastering GCC VAT Using Tally Prime

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GCC VAT using TallyPrime

Value Added Tax (VAT) is the tax levied at every level of value addition done to a stock item. VAT is paid by the producers of services and goods, but it is finally imposed on the consumers who purchase the services and goods when they pay for it.VAT or value-added tax, is a common form of indirect tax levied on services and goods. It is paid to the government by the producers at every stage in the supply chain.

GCC VAT is an indirect tax that will be levied on goods and services in the member states of the Gulf Cooperation Council. The member states of GCC are Saudi Arabia, Dubai, Qatar, Bahrain, Oman and Kuwait.In June 2016, all six members of the GCC (Saudi Arabia, UAE, Bahrain, Oman, Kuwait and Qatar) signed a Common VAT Agreement pledging to introduce a 5% VAT on the sale of goods and services.

As the member states in GCC are negotiating to treat GCC on Single Territory Concept, the concept and rules are the same in all states with minor exceptions hence this course will help prepare all the accountants and administrators in the Gulf for this implementation process.
After this course, they will be equipped to respond to this implementation challenge and will lead their organization in the whole process as well as train their team to get the best output and achieve organizational goals.

What you'll learn

πŸ“Œ VAT in GCC Countries

πŸ“Œ VAT Registration

πŸ“Œ VAT Rates

πŸ“Œ Understanding of Different Types of VAT Supplies

πŸ“Œ GCC VAT Computation

πŸ“Œ VAT in TallyPrime

πŸ“Œ Recording Basic VAT Transactions

πŸ“Œ Recording Advanced VAT Transactions

πŸ“Œ Printing of VAT Invoice

πŸ“Œ Accounting of POS with VAT 

πŸ“Œ VAT Reports Analysis

Who this course is for:

This courseware is highly recommended for learners who aspire to specialize and understand in detail the taxation process in the Middle East Countries.

Tally Certification Benefits:

Verifiable digital certificate

Industry-preferred certificate

Content created by Tally and Subject Matter Experts

Access to Tally job portal

Online assessment

Career Opportunities:

Multiple career opportunities

Career progression and management

JOB Access to Tally job portal

GST Expertise:

Expertise in GST

Why Get Certified?

  • Multiple Career Opportunities for certified candidates

  • Career Progression and Management

  • Industry Preferred Certificate

After successful completion of the course, students will get a "Certificate of Completion" & Certificate from Tally Education pvt.ltd"

 

 

 

 

 

 

 

 

 

Why Happy Learnings?

Happy Learnings is the fastest growing online education marketplace on the internet to learn accounts, business, software, technology, and creative skills to achieve personal and professional goals. We partner with companies and individuals to address their unique needs, providing training and coaching that helps working professionals achieve their career goals. In addition to helping individual learners achieve their goals, we offer flexible, cost-effective group memberships for your business, school, or government organization.

 

1-Introduction to GCC VAT
1-Introduction to GCC VAT
7 min Preview
2. What is VAT & GCC VAT
What is VAT & GCC VAT
8 min Preview
3. VAT Registration
VAT Registration
14 min
4. VAT Rates
VAT Rates
11 min
5. Understanding Different types of Supplies
Understanding different types of Supplies
7 min
6. GCC VAT Computation
GCC VAT Computation
17 min
7. Download Tally Prime
Download Tally Prime
6 min
8. Company Creation and Activating GCC VAT
Company Creation and Activating GCC VAT
14 min
9. Introducing Capital
Introducing Capital
11 min
10. Creation of Master and Vouchers
Creation of Masters and Vouchers Part 1
8 min
Creation of Masters and Vouchers Part 2
8 min
Creation of Masters and Vouchers Part 3
5 min
Creation of Masters and Vouchers Part 4
9 min
11. Domestic Taxable Transaction
Domestic Taxable Transaction Part 1
11 min
Domestic Taxable Transaction Part 2
8 min
12. Intra GCC Transactions
Intra GCC Transactions
9 min
13. Purchase Return and Sales Return
Purchase Return and Sales Return
6 min
14. Accounting of Advanced Receipts under GCC VAT
Accounting of Advanced Receipts under GCC VAT
12 min
15. Exempted Supply
Exempted Supply
7 min
16. Zero Rate Supply
Zero Rate Supply
5 min
17. Inclusive of Tax
Inclusive of Tax
8 min
18. Accounting of Service Transaction
Accounting of Service Transaction
12 min
19. Purchase from Unregistered Dealer
Purchase from Unregistered Dealer
5 min
20. Sales with Additional Ledgers (Expenses)
Sales with Additional Ledgers (Expenses)
8 min
21. Round Off of Sales Invoice Value
Round Off of Sales Invoice Value
8 min
22. Imports & Exports in GCC Countries
Imports & Exports in GCC Countries
8 min
23. Transfer of Right to Use
Transfer of Right to Use
7 min
24. Accounting of Purchase of Capital Expenses
Accounting of Purchase of Capital Expenses
15 min
25. How to Print Invoice and Reports
How to Print Invoice and Reports
8 min
26. Accounting of POS With VAT
Accounting of POS With VAT Part 1
8 min
Accounting of POS With VAT Part 2
8 min
27. VAT Report Analysis
VAT Report Analysis
15 min
MASTERING GCC VAT USING TALLYPRIME- Complete Notes
Notes
No Preview
instructor

Happy Learnings

4.7 Instructor Rating

HappyLearnings.com is one of the world’s leading certification training providers. We partner with companies and individuals to address their unique needs, providing training and coaching that helps working professionals achieve their career goals.

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