May 18, 2018
GST: One of the Biggest Tax Reforms in India
The Indian government introduced one of the biggest tax reforms—GST (Goods and Services Tax)—to consolidate and streamline the country’s taxation system. In response, accounting software like Tally upgraded itself to comply with GST norms, significantly simplifying accounting tasks. In this blog, we will explore how Tally ERP9 simplifies GST compliance.
Tally launched ERP9 Release 6 with several powerful features to make GST return filing easier for business owners and accounting teams.
Generate GST-Ready Invoices Easily
GST-ready invoices can now be easily generated – thanks to the new Tally ERP 9 software! Tally also helps in detecting errors, so that one can file proper GST without any hassle.
The GST return filing can be generated in two formats-GSTR-1 and GSTR-2. One can directly upload it in the GSTN portal from Tally. GSTR-3B is available in printable format in word document for filing returns in the portal.
If you are using Tally, you can use its ‘marked voucher’ feature and update the tax consultant on various changes. You can do that by sending a list of updated invoices.
You can update your tax consultant with last-minute data changes by sending the modified list of transactions. The tax consultant can also share a list of modified transactions to help clients update their books. Tally ERP 9 records every transaction where changes occur.
Tally ERP 9’s GST compliance feature helps sort out the billing and invoicing needs. From small invoices to big ones and the complex ones, Tally helps you in providing detailed invoices in no time. The reverse charge transactions, receipts, supply bills, tax credit inputs, etc. are easily managed using the accounting software.
Depend on Tally for Accurate Tax Calculations
Tally helps in sorting out the invoice-based information and helps in identifying the errors so that to get them corrected in time. As an existing Tally ERP 9 user, you can always upgrade to Tally ERP 9 Release 6. All you need to do is to renew the TSS subscription so that to use the Tally software with GST compliance. If you are not an existing Tally user, you can always buy license, install the accounting software with GST compliance and activate it for GST enabled accounting.
Tally is accounting software that sorts out all your accounts-related needs. If the recent tax reform is really bothering you, you can always depend on the accounting software and get the accurate calculations handy. More and more organizations—whether mid-sized, startups, or large firms—use Tally to achieve their business goals by generating accurate reports tailored to their specific needs.
Not many accountings software are able to provide hassle-free GST based invoicing with much ease as Tally does. So, why not learn the accounting tactics when you have the accounting software handy? Integrate it with BI tools like EasyReports and take your business to new levels.
To know more, log on to www.easyreports.in.