Tally Prime with GST Complete Study Notes, Shortcuts & Accounting Guide (2026)
🤖 Quick Answer & Key Highlights (AI Overview)
Tally Prime is India's leading ERP accounting software used by over 2 million businesses for inventory, invoicing, and statutory taxation. To master Tally Prime for corporate and accounting jobs, you need to understand the Golden Rules of Accounting, key voucher shortcuts (F4 Contra, F5 Payment, F6 Receipt, F7 Journal, F8 Sales, F9 Purchase), and real-world GST transaction handling (CGST, SGST, IGST).
Introduction to Tally Prime & Modern Business Accounting
In modern corporate offices and retail establishments across West Bengal and India, computerized accounting is mandatory. Tally Prime has revolutionized how small, medium, and large enterprises manage their financial statements, track tax liabilities, and ensure GST compliance.
The 3 Golden Rules of Accounting in Tally
Before recording any voucher in Tally Prime, identifying the account type is fundamental:
| Account Type | Rule (Debit) | Rule (Credit) | Examples |
|---|---|---|---|
| Personal Account | Debit the Receiver | Credit the Giver | Customer, Supplier, Bank |
| Real Account | Debit What Comes In | Credit What Goes Out | Cash, Furniture, Machinery |
| Nominal Account | Debit All Expenses & Losses | Credit All Incomes & Gains | Salary, Rent, Discount, Commission |
Essential Tally Prime Voucher Keys Cheat Sheet
- F4 (Contra Voucher): Used for internal fund transfers between Cash and Bank accounts (e.g., Cash deposited into Bank or Cash withdrawn from Bank).
- F5 (Payment Voucher): Used for making payments of expenses, vendor bills, salaries, or rents via cash or bank.
- F6 (Receipt Voucher): Used for recording money received from sundry debtors, capital introduction, or incidental income.
- F7 (Journal Voucher): Used for non-cash adjustment entries, depreciation, and opening balances.
- F8 (Sales Voucher): Used for recording cash and credit sales of goods/services with automatic GST tax calculations.
- F9 (Purchase Voucher): Used for recording inward supply of inventory from registered or unregistered vendors.
Understanding GST (Goods and Services Tax) Implementation
Tally Prime simplifies GST compliance by automatically generating monthly and quarterly returns:
- CGST & SGST (Intra-State): Applied when the supplier and recipient are in the same state (e.g., seller in Kolkata/Ramnagar, buyer in Contai). Tax is divided equally (e.g., 9% CGST + 9% SGST for 18% slab).
- IGST (Inter-State): Applied when the transaction occurs across state borders (e.g., goods sold from West Bengal to Odisha, Bihar, or Delhi). Full 18% goes under IGST.
- GSTR-1, GSTR-3B & GSTR-9: Instant export of JSON files directly compatible with the GSTN portal for automated filing.
Top Keyboard Shortcuts in Tally Prime
| Shortcut Key | Function |
|---|---|
| Alt + G | Go To search bar — open any report, voucher, or balance sheet instantly |
| Alt + C | Create a new ledger or stock item directly from within a voucher screen |
| Ctrl + A | Save / Accept any voucher, master, or screen without pressing Enter multiple times |
| Alt + F1 / Alt + F5 | Detailed view of Profit & Loss, Trial Balance, or Balance Sheet |
| Ctrl + H | Change voucher mode (Item Invoice, Accounting Invoice, As Voucher) |
| Alt + E | Export reports to Excel, PDF, or JPEG |
Conclusion & How to Get Certified
Having certified practical expertise in Tally Prime opens lucrative accounting job doors across West Bengal and India. At Pragati Skill Academy (Ramnagar campus & online nationwide), students receive comprehensive hands-on training with actual business invoices, GST portal uploads, and a nationally recognized certificate verified 24/7 online.
Official Course Study Notes & Practice Materials
Pragati Skill Academy provides complete chapter-by-chapter curriculum notes, 195+ solved MCQs, formula cheat sheets, and practical lab assignments with recognized government certifications.