TallyPrime provides prevention, detection and correction technology for accurate return filing.
GST compliance and filing
TallyPrime simplifies the process of completing GST returns, whether you choose to file them on your own or provide your tax adviser with the data. You can be sure that your GST returns are appropriately filed because of the integrated error detection and correction feature.
e-Invoice
You may quickly create an electronic invoice with TallyPrime without altering your current invoicing procedure. You don’t need to manually create an e-invoice or print the IRN and QR code on the invoices when you use TallyPrime’s integrated services. In order to manage emergency situations, TallyPrime additionally facilitates the offline development of e-invoice files (JSON) and mass e-invoice generation.
GSTR-2B and GSTR-2A reconciliation
TallyPrime can automatically reconcile your GSTR-2B/2A statement and provide you with a full overview of reconciled transactions along with any mismatches. All you need to do is import your statement.
The best aspect is that each unreconciled transaction is marked in a separate category, making it easier for you to identify the cause of discrepancies and take the appropriate action to fix them.
Fully connected e-way bill solution
You may quickly create an e-way bill for a single invoice while recording an invoice or for several invoices from a report by using TallyPrime’s online connected e-way bill solution. Simply enter an invoice, and TallyPrime will create an electronic way bill and record the e-way bill number on the document. This includes the ability to amend, extend, and cancel e-way bill information online via TallyPrime.
Manage MSME payment compliance
In accordance with MSME compliance, the payments to micro and small businesses must be completed. You can quickly identify and keep track of the payables with TallyPrime to ensure timely processing. The bill date, MSME credit period, or the earliest of the two can be used to filter the forthcoming due dates.
Audit trail compliant as per MCA’s guidelines
Start using the TallyPrime EL release right away to maintain audit trail (edit log) compliance. You may keep track of the needed edit logs for every transaction or master, including the date and time, the specifics of the users, and the deleted transactions. The nicest thing is that you can immediately familiarize yourself with the updated elements by contrasting them with an earlier version.
Multi-GSTIN support in a single company
In a single organization, create numerous GST registrations and oversee all transactions and returns pertaining to each GSTIN. Simple to classify or recognize transactions View/export GST returns and reports for a single GSTIN or a consolidated report for all GSTINs, flexible and GSTN-wise.
Return sign and amendments
Returns can be marked as “Signed” to show that they have been filed and that any additional inclusions or adjustments have been noted and tracked for your next step. This facilitates the management of the entire amendment cycle and the reporting of such information in later GSTR-1 and GSTR-3B returns.
GSTR-1 reconciliation
You may rapidly compare the data on the site with the data in your company books using GSTR-1 reconciliation, and you can find any discrepancies in the data. Maintaining the accuracy of your books and returns is a smart idea.
GST compliance for composition dealers
Companies who have chosen the composition scheme can use TallyPrime to effortlessly manage their compliance. Tally makes everything simpler and easier, from recording the Bill of Supply to producing the GSTR-4/CMP-08 in the required format.
Managing TDS and TCS is no longer tedious
You can accurately and simply handle TDS and TCS needs for your organization using TallyPrime. To ensure that the return is 100% error-proof, the return forms are made to recognize mistakes and incomplete information and let you easily fix them.
Always stay compliant
With TallyPrime, you can be sure that you are constantly compliant and up to speed with the latest laws. Frequent product releases guarantee timely support for new laws, modifications to existing laws, returns, etc.
Some more features to manage compliance with ease
- Configuring the tax details using GST Rate Set-up is simple and quick.
- The return data can be exported in a variety of formats. For instance, GST Provide JSON and MS Excel data back.
- Consolidate your e-Way bill by choosing the necessary bills.
- To track specifics of e-commerce operator-wise net sales, you can build GSTIN-wise voucher numbering series (e.g., B2B and B2C) for the same voucher type and keep unique numbering for each GSTIN e-Commerce report in GSTR-1. This will enable you report the values in return.
- support for the excise, services tax, VAT, CST, and other former tax systems.
GST returns and statements in TallyPrime
1. Returns for regular dealer
- GSTR-3B
- GSTR-1
- Annual computation
2. GST reconciliation reports
- GSTR-2A reconciliation
- GSTR-2B reconciliation
- GSTR-1 reconciliation
3. Returns for composition dealer
- GSTR-CMP-08
- GSTR-4
- GSTR-9A
4. 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