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Press Relase from Tally Solutions

Hi,

September heralds the filing of at least 7 GST returns. For the 1st time, businesses in India will be filing invoice by invoice returns on the GSTN portal. Both GSTPs and businesses will need to manage the complexity together. While GSTPs will help their clients with filing, businesses will need to support them with accurate digitized invoices and clarify any doubts they may have. Compliance therefore will be a shared responsibility.

 

Attached is the press release for the same :-

 

Tally to enable registered businesses to file GST Returns with ease

       Launches Tally. ERP 9 Release 6.1 to support easy filing of GSTR 1 return

       Over 7000 camps Pan India planned to educate GSTPs and businesses on return filing

       Technology partnership with ICAI to enable CAs on technological aspects of GST

September heralds the filing of at least 7 GST returns. For the 1st time, businesses in India will be filing invoice by invoice returns on the GSTN portal. Both GSTPs and businesses will need to manage the complexity together. While GSTPs will help their clients with filing, businesses will need to support them with accurate digitized invoices and clarify any doubts they may have. Compliance therefore will be a shared responsibility. 

 

Tally Solutions, the country’s premier business software provider is working with a 360 degree plan to help businesses and GSTPs sail through the first return filing season and pave the way for a GST compliant India. Since the roll out of GST, the company has seen businesses rush to get ready and most of them have many doubts in their mind related to formats of invoices, how to account for them in their books, HSN/SAC codes etc. Tally has been focussing on educating businesses to get GST ready and with returns coming in, the focus is now on helping people get prepared for filing. The company has already conducted more than 7000 events and trainings including daily webinars that see 100s of people attend on a daily basis.

 

Post delivering a simple and easy to use GST billing software at the onset of GST which has been downloaded more than 3 million times already, the company has launched its latest release in the GST ready suite of Tally.ERP 9 Release 6. The price of this product continues to be same as before i.e. INR 18,000+GST for a single user edition and INR 54,000+GST for a multi-user edition. However, most of Tally’s existing users will be able to upgrade to this release free of cost.

 

The new software supports various returns like GSTR 1, GSTR 3B which businesses need to file over the next one month. Given that returns are online and invoice based with multiple fields of data to be recorded for every invoice, accuracy of data is crucial. Tally allows for accurate return generation at the click of a button through its unique error prevention, detection and correction capability. The solution intuitively prompts the user on potential errors that could have crept into the return because of data entry lapses at the invoice level and helps correct them. The business owner will therefore have peace of mind that his returns are fully correct. Once generated, the return in the form of a spreadsheet needs to be imported into the offline utility tool provided by GSTN. The output from this tool can be filed directly on the GSTN portal. Tally will keep updating its product in line with requirements of the law and support its customers and other businesses through the coming weeks and months.

 

Commenting on the launch, Mr. Bharat Goenka, Managing Director, Tally Solutions, said “This is a landmark moment in many ways as the entire country is going to be complying with a technology led taxation system. Our role as a company is not only to deliver a solution which makes the filing of various monthly tax returns simple, fast and accurate but also educate both our customers and other businesses on the return filing process. To the same effect, we are holding multiple camps across the country to facilitate this awareness.  On the product side, our design is aimed at giving the business owner complete peace of mind in an otherwise tense return filing period through the in-built error detection and correction capabilities. Once the returns are generated from Tally, they can be filed on the GSTN portal using the GSTN offline utility. As we move along, we will extend our product to deliver solutions in keeping with the recommendations by GSTN.”

 

The company has not limited itself to merely delivering a solution to assist businesses with GST returns. Tally is working extensively to help educate businesses about the various returns and how they can go about filing them through camps and kendras across the country. On the GSTP side, the company is working with ICAI as technology partner to enable CAs on the technological aspects of GST. In addition, with bulk of the businesses in the country still using manual methods of book-keeping which won’t be sustainable in the GST era, Tally is also helping such businesses with a one stop complete plug and play solution. Tally along with Acer and CAIT has launched Biz Guru which combines the power of Acer’s computing devices and pre-installed GST ready Tally.ERP 9 which will help the manual business community with accounting and GST compliance starting at just INR 35,000.

 

​Please do let us know if you need anything else.
 
Thanks!
 
Regards,
Megha Kottapalli​
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