Tally announces Tally.ERP 9 Release 6.2 for SMEs to file GSTR 2 returns

By VARINDIA - 2017-10-30

Tally announces Tally.ERP 9 Release 6.2 for SMEs to file GSTR 2 returns

 

 

Tally Solutions has launched its latest release in the GST-ready suite, Tally.ERP 9 Release 6.2 to provide a one-stop-solution for filing GSTR 2 returns, the last date for which is 31st October (July return). GSTR 2 return contains details of all inward supplies of a business and based on this return the Input Tax Credit is determined. Accuracy and completeness of data is crucial for the matching process in GSTR 2 which will ensure that businesses are able to claim the right credit at the right time.

 

Tally. ERP 9 Release 6.2 offers a superior solution:

 

· One-stop solution for GST billing and filing: Tally. ERP 9 enables businesses to effectively fulfil their accounting and filing requirements from one software. Businesses can import and export JSON files directly from within the software, which can be uploaded to the GSTN Portal. This feature removes an additional step of routing it through the offline tool, which can be a cumbersome process.

· Auto Assist Facility: Once the GSTR 2 return is imported, the software auto assists businesses to compare the invoice details of what is available in the books with the details available in the return and update the status of each invoice from a single screen.

· Flexibility of Filtering Data: The new software is designed to mimic the interface of the GSTN portal, allowing businesses to sort or filter GSTINs based on different categories like invoice-value, number of invoices, taxable values, etc.

· Bringing GSTPs and Clients to The Same Page: In case of mismatches of invoices, GSTPs handling multiple accounts can print or email reports to their clients, making the reconciliation process easier.

 

Tally. ERP 9 Release 6.2 includes all the changes proposed by the government in the GST council meeting that was held on 6th October. These changes have been adapted into the software to provide a seamless experience to the users. The first step of filing GSTR 1 returns was concluded on 10th October and the economy is now gearing up for the next leg of the GST filing process. Close-to 6 lakh unique businesses filed GSTR 1 returns through Tally.

Commenting on the occasion, Bharat Goenka, Managing Director, Tally Solutions, said, “We are blessed with the close interactions with the GSTP community, leading to continuous improvements in our products. With Tally. ERP 9 Release 6.2, we expect that we will dramatically ease the way people can complete their GSTR-2 obligations, as well as their ongoing invoicing and compliance requirements. The product has been designed to save time and effort for GSTPs and bring them on the same page with their clients. Books of accounts and returns must reflect each other for complying with GST and our latest release is built on this foundation.”

 

In order to be eligible for Input Tax Credit, correct filing of GSTR 2 is critical. This can be difficult for businesses who continue to work on traditional methods of accounting and filing, which do not support storing of data at one place. In this case, ensuring accuracy and security is difficult as errors can crop in resulting in incorrect filing of returns. Therefore, it is imperative for businesses to adopt a robust technological solution to effectively resolve any mismatches in sales and purchase. The company has continued to price GST-ready Tally.ERP 9 Release 6.2 at Rs.18,000+GST for a single user edition and Rs.54,000+GST for a multi-user edition, the same as earlier. However, most of Tally’s existing users will be able to upgrade to this release free of cost.

 

Existing Tally Customers can move to Tally.ERP 9 Release 6 by downloading and installing the new release from www.tallysolutions.com/gst.

 


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