Simplified GST Compliance and TallyPrime Enhancements

For Indian Users: TallyPrime now makes GST compliance straightforward. Users can:

• Easily Upload and File Returns: Directly upload GSTR-1, GSTR-3B, and CMP-08 to the GST portal from TallyPrime and download GSTR-1, GSTR-3B, GSTR-2A, and GSTR-2B effortlessly.
• Effortless Filing: File GSTR-1 without opening the GST portal, using either DSC or EVC.
• Real-Time Party Information: Create and validate party ledgers quickly using real-time details from the portal by entering the GSTIN/UIN.
• ITC Tracking: Accurately track ITC risks and invoice statuses using Bills Payable and Bills Receivable, and generate detailed GST reports.

Benefits:

• Resolve mismatches and rejections efficiently.
• Save time with automated upload, download, and party validation processes.
• Stay updated on compliance and financial transactions directly within TallyPrime.
• Ensure easy compliance and focus more on business growth.

Automated TDS Calculation: TallyPrime facilitates seamless TDS compliance under Section 194Q with:

• Automated TDS calculations for purchases over Rs. 50 lakhs annually.
• Handling exemptions for TDS on government purchases.
• Updating TDS nature of payments and recording advance payments with TDS-integrated adjustments.

Tally Plug-In Management: Access and manage Tally Plug-Ins directly from TallyPrime. For example, TallyCapital helps you check your credit score, loan eligibility, and apply for business loans.

Language Support:

• Arabic: TallyPrime supports Arabic, allowing users to switch between Arabic and English seamlessly. Print invoices and reports in Arabic, and ensure accurate VAT calculations.
• Bangla: TallyPrime now supports Bangla, enabling users to work and print invoices and reports in Bangla.

Enhanced Payment Management: Sort and manage pending bills effectively by due date or other criteria, minimizing late fees and penalties.

Improved Readability with Stripe View: Enjoy better readability of reports and vouchers with alternating row stripes. Customize stripe view settings for printing and exporting documents.

Instant Notifications: Receive timely notifications on critical tasks like TSS renewals, license management, and GST updates via a new Bell icon and Notifications report.

Additional Enhancements:

• Data Migration: Transition smoothly from TallyPrime Release 3.0 or later to Release 5.0 with automatic data updates.
• Tax Slabs Update: Incorporate updated income tax slabs as per Finance (No. 2) Bill 2024-25 for accurate employee tax calculations.
• Price Level and Bank Reconciliation Logs: Improved management of edit logs for better data size control.
• WhatsApp Integration: Automatically fill WhatsApp numbers for payment and receipt vouchers from party ledgers.
• Bulk Data Processing: Faster and more reliable bulk data processing.

GST Features:

• Update GST statuses and access GST registration history without disrupting daily work.
• Resolve issues with deleted or altered vouchers and non-GST transactions easily.
• Export GSTR-2A and GSTR-2B in old formats and manage HSN/SAC configurations more effectively.
• Set HSN/SAC limits based on annual turnover and track MSME outstanding bills by activity type.

Optimized Printing: Save paper and reduce costs with optimized invoice printing that minimizes header repetition and maximizes detail space on each page.