Are you looking to build practical skills in GCC VAT accounting & compliance or strengthen your ability to manage VAT-related business transactions? This specialization will help you develop the knowledge and practical skills needed to understand, record, manage, and report GCC VAT transactions using TallyPrime. Designed by Tally, a leading business management software provider, this specialization introduces you to GCC VAT fundamentals, including VAT registration, supply types, VAT rates, computation, and invoicing. You will apply these concepts in TallyPrime by configuring companies, creating VAT-compliant masters, and recording domestic, intra-GCC, import, export, & other VAT transactions. Through practical scenarios, you will learn to handle purchase and sales returns, advance receipts, exempt and zero-rated supplies, service transactions, capital goods, and other specialised VAT requirements. You will also learn to analyse VAT reports, make VAT payments, file VAT returns, and generate the FTA Audit File.
In this specialization, you’ll learn: GCC VAT fundamentals, registration, supply types, and rates VAT computation, invoicing, and tax treatment VAT setup and transaction recording in TallyPrime Domestic, intra-GCC, import, and export transactions Advanced VAT accounting and compliance scenarios VAT report analysis, payment, return filing, and FTA Audit File generation Applying GCC VAT concepts to practical accounting scenarios using TallyPrime
