Enquiry Phone: 022 - 48963355 | 9320104422 | 9320204408
TallyPrime 5.0 is Available Now!...
Enquiry Phone: 022 - 48963355 | 9320104422 | 9320204408
TallyPrime 5.0 is Available Now!...
Enquiry Phone: 022 - 48963355 | 9320104422 | 9320204408

Taxation and Compliance Management in Tally Prime

Home Taxation and Compliance Management in Tally Prime

Invoicing and Accounting

Inventory Management

Reports

Credit and Cashflow Management

e-Invoicing

Taxation and Compliance

Banking

Net Capabilities

Cost Control and Cost analysis

Enhanced Security Management

Payroll Management

Other Valuable Features

GST compliance and filing

Whether you file GST returns yourself or rely on your tax consultant, TallyPrime simplifies the process. Its built-in error detection and correction capabilities ensure accurate GST return filing.

e-Invoicing

With TallyPrime, you can generate e-invoices instantly without altering your existing invoicing process. TallyPrime’s connected services allow for automatic e-invoice generation, including printing the IRN and QR code on invoices without any manual effort. Additionally, TallyPrime supports bulk e-invoice generation and offline creation of e-invoice files (JSON) for handling urgent situations.

GSTR-2B and GSTR-2A reconciliation

Simply import your GSTR-2B/2A statement, and TallyPrime will automatically reconcile it, providing you with a quick and comprehensive summary of both reconciled transactions and any mismatches.

The best part is that all unreconciled transactions are flagged under different categories, making it easy for you to understand the reasons for the mismatches and take appropriate actions to resolve them.

Fully connected e-way bill solution

With TallyPrime’s online connected e-way bill solution, you can effortlessly generate an e-way bill for a single invoice during the invoice recording process or for multiple invoices from a report. Simply record an invoice, and TallyPrime will automatically generate the e-way bill and capture the e-way bill number on the invoice. Additionally, TallyPrime offers options to extend, cancel, and update e-way bill details online within the software.

Manage MSME payment compliance

Payments to micro and small businesses must comply with MSME regulations. With TallyPrime, you can effortlessly identify and track these payables for timely processing. You can filter upcoming due dates based on the bill date, MSME credit period, or the earliest of either the bill date or MSME credit period.

Audit trail compliant as per MCA’s guidelines

Ensure audit trail (edit log) compliance from day one with TallyPrime EL release. Maintain necessary edit logs for each transaction/master, capturing the date and time, user details, and deleted transactions. The best part is you can easily identify modified elements by comparing them with previous versions.

Multi-GSTIN support in a single company

Manage multiple GST registrations and handle all related transactions and returns within a single company in TallyPrime. Effortlessly categorize and identify transactions by GSTIN, and conveniently view or export GST returns and reports for each GSTIN individually or as a combined report for all GSTINs.

Return sign and amendments

You can flag the returns as “Signed” once they are filed, indicating completion. Any subsequent changes or additions are tracked, enabling you to manage the entire process of amendments and reporting in future GSTR-1 and GSTR-3B returns.

GSTR-1 reconciliation

In other words, GSTR-1 reconciliation enables you to efficiently cross-check the data on the portal with your company books, identifying any disparities. This practice ensures alignment between your financial records and returns, promoting accuracy and compliance.

GST compliance for composition dealers

Businesses enrolled in the composition scheme can streamline their compliance effortlessly with TallyPrime. From recording Bills of Supply to generating GSTR-4/CMP-08 in the required format, Tally simplifies and streamlines the process, making it easier to manage.

Managing TDS and TCS is no longer tedious

In TallyPrime, handling TDS and TCS requirements for your business is both accurate and simplified. The return forms are designed to identify errors or incomplete details, enabling seamless corrections for a foolproof return, ensuring compliance.

Always stay compliant

No worries of changing laws, you are always up to date and compliant with TallyPrime. Regular product releases ensure that new laws, law changes, returns etc. are supported on-time.

Other features to manage compliance with ease

  • Easy and quick to configure the tax details via GST Rate Set-up
  • You can export the return data in the multiple formats. For e.g. GST Return data in JSON and MS-Excel
  • Generate consolidated e-Way Bill by selecting the required invoices
  • You can create GSTIN-wise voucher numbering series ( e.g. B2B and B2C) for the same voucher type and maintain unique numbering for each GSTIN
  • e-Commerce report in GSTR-1 to track details of e-commerce operator-wise net sales, helping you to report the values in return
  • Support for previous tax regimes such as VAT, CST, Excise and Services tax

GST returns and statements in TallyPrime

Returns for regular dealer

  • GSTR-3B
  • GSTR-1
Annual computation
  • GST reconciliation reports
  • GSTR-2A reconciliation
  • GSTR-2B reconciliation

Returns for composition dealer

  • GSTR-CMP-08
  • GSTR-4
  • GSTR-9A
GST reports and statements
  • Incomplete/Mismatch summary
  • Input Tax credit summary
  • Advance receipt tax liability
  • Revere charge tax summary
  • HSN/HAC summary
  • Document summary
  • Track GST return activities
  • Challan Reconciliation report
  • e-Invoice status report and registers
  • e-Way bill report and register

Business reports in TallyPrime

With TallyPrime, you get access to a wide range of reports that help you analyze business performance and improve decision-making. What’s more? You can access business reports on your mobile or any device, from anywhere. Experience now with the sample data.

Accounting Reports
  • Ledger reports
  • Cash/bank books
  • Purchase/sales register
  • Bills receivables
  • Bills payables
  • Bills ageing analysis
Financial Reports
  • Balance sheet
  • Profit & loss A/c
  • Trial balance
  • Ratio analysis

Inventory Reports
  • Stock summary
  • Stock ageing analysis
  • Movement analysis
  • Stock transfers
  • Stock item cost analysis
  • Location/godown summary
  • Stock-item-wise profitability
  • Order summary
  • Batch summary (Mfg. & Exp.Date)
  • Re-order status reports
Management Control Reports
  • Cost center
  • Cost Category
  • Budget
  • Cash flow report and projection


Don’t just rely on our claims! Experience it for yourself.

We invite you to try the product and see how well it fits your business needs.

Tally offers a 7-day free trial with complete access to all its features. Give it a go and see for yourself!

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