Manage your business under GST with Tally
Goods and Services Tax (“GST”) was recently implemented in India. The implementation of GST requires sellers to adapt to the new system of taxation. The sellers may have to pay special attention to some aspects of the business while transitioning to GST, these are:
Invoicing under GST:
Invoicing is a major step in fulfilling any sale transaction. Under the GST regime, two types of invoices are contemplated, namely tax invoice and bill of supply. Generating these manually is time-consuming and requires great attention to detail. A computerised system in this case can make the process faster and easier.
Filing returns under GST:
GST returns should be filed online. Based on the different schemes your business is registered under, you may need to file your returns monthly or quarterly and once annually.
Some sellers may perform all these tasks manually, with the help of their CAs. However, sellers also have the option of opting for an account management system to take care of the GST fillings for their business. Tally. ERP 9 Release 6.1 software supports you in running your business operations offering book-keeping, account management, invoicing and other services to comply with GST rules. Here are some of the things you can handle with the help of this software:
Running your day-to-day business operations:
Set up all the required tax rates, and maintain GST registration details of all your suppliers and customers.
Ensure that all new transactions are GST-compliant, and print GST compliant invoices.
Submitting your returns:
Tally.ERP 9 allows to generate GSTR-1. You can go to Form GSTR-1 report, apply corrections to vouchers that appear in incomplete/mismatch of information, and export the same to an Excel worksheet, which can then be validated using GSTN offline tool and uploaded to the GSTN portal.
It also allows you to fill and print Form GSTR 3B, which generates a Word document. This document has the same fields as required by the GSTN portal, making it convenient for the user to fill the details on the GSTN portal. This will give you supreme confidence for filing Form GSTR 3B, review it and then fill in the values on the portal.
You can purchase GST ready Tally ERP 9 Release 6.1 on amazon.in. Explore various online selling options for your business by registering as a seller on Amazon.
Invoicing under GST:
Invoicing is a major step in fulfilling any sale transaction. Under the GST regime, two types of invoices are contemplated, namely tax invoice and bill of supply. Generating these manually is time-consuming and requires great attention to detail. A computerised system in this case can make the process faster and easier.
Filing returns under GST:
GST returns should be filed online. Based on the different schemes your business is registered under, you may need to file your returns monthly or quarterly and once annually.
Some sellers may perform all these tasks manually, with the help of their CAs. However, sellers also have the option of opting for an account management system to take care of the GST fillings for their business. Tally. ERP 9 Release 6.1 software supports you in running your business operations offering book-keeping, account management, invoicing and other services to comply with GST rules. Here are some of the things you can handle with the help of this software:
Running your day-to-day business operations:
Set up all the required tax rates, and maintain GST registration details of all your suppliers and customers.
Ensure that all new transactions are GST-compliant, and print GST compliant invoices.
Submitting your returns:
Tally.ERP 9 allows to generate GSTR-1. You can go to Form GSTR-1 report, apply corrections to vouchers that appear in incomplete/mismatch of information, and export the same to an Excel worksheet, which can then be validated using GSTN offline tool and uploaded to the GSTN portal.
It also allows you to fill and print Form GSTR 3B, which generates a Word document. This document has the same fields as required by the GSTN portal, making it convenient for the user to fill the details on the GSTN portal. This will give you supreme confidence for filing Form GSTR 3B, review it and then fill in the values on the portal.
You can purchase GST ready Tally ERP 9 Release 6.1 on amazon.in. Explore various online selling options for your business by registering as a seller on Amazon.
Disclaimer: By using Tally.ERP 9 or any other Tally product, software or service ("Product"), you acknowledge that the Product is provided by Tally Solutions Private Limited ("Tally"), to the complete exclusion of Amazon Seller Services Private Limited ("Amazon"). Amazon makes no representation, warranty or guarantee as to the accuracy, quality, completeness, timeliness or reliability of the Product or its features. Amazon hereby disclaims all liability and assumes no responsibility whatsoever for consequences resulting from your use of or reliance on the Product. You acknowledge and agree that you will use your best and prudent judgment before using the Product and will use the Product in your sole discretion and at your own risk.
DISCLAIMER:
Whilst Amazon Seller Services Private Limited ("Amazon") has used reasonable endeavors in compiling the information, steps and process provided above, there is no assurance as to the accuracy, completeness or usefulness of the information or that such information is error-free. The steps or process described above and in the presentation are indicative and may change at any time. Amazon hereby disclaims any and all liability and assumes no responsibility whatsoever for consequences resulting from use of such information. Information provided may be changed or updated by Amazon at any time, without prior notice, and at Amazon's sole discretion. Any copying, redistribution or republication of the information, or the content thereof by the seller, without prior written consent of Amazon is strictly prohibited. By proceeding to use the information, steps or the process described above, you do so at its own risk and expressly waives any and all claims, rights of action and/or remedies (under law or otherwise) that the seller may have against Amazon arising out of or in connection with the use of or reliance upon such information.
Whilst Amazon Seller Services Private Limited ("Amazon") has used reasonable endeavors in compiling the information, steps and process provided above, there is no assurance as to the accuracy, completeness or usefulness of the information or that such information is error-free. The steps or process described above and in the presentation are indicative and may change at any time. Amazon hereby disclaims any and all liability and assumes no responsibility whatsoever for consequences resulting from use of such information. Information provided may be changed or updated by Amazon at any time, without prior notice, and at Amazon's sole discretion. Any copying, redistribution or republication of the information, or the content thereof by the seller, without prior written consent of Amazon is strictly prohibited. By proceeding to use the information, steps or the process described above, you do so at its own risk and expressly waives any and all claims, rights of action and/or remedies (under law or otherwise) that the seller may have against Amazon arising out of or in connection with the use of or reliance upon such information.
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