Tally.ERP 9 with around 1.6 million users around the globe is the numero uno ERP accounting software package. As you might know, it is used for recording the daily business data of a company. With the advent of the GST regime in India, Tally.ERP 9 has made strides to be GST-ready. Today our agenda is to talk about how Tally.ERP 9 can be effectively used for GST compliance. This is something that is absolutely necessary to understand before one opts for any kind of GST training.
It’s worth mentioning here that Tally facilitates easy management of GST data, even in the middle of a financial year. Users are required to provide only the date of commencement of GST for the specific set of transactions. This way, GST becomes applicable only for these transactions. Even the data related to the pre-GST tax regime doesn’t need to be altered. Dividing the dataset into two different tax entities is not required as Tally.ERP 9 handles them well as-is.
Tally’s latest introduction to Tally.ERP 9 Release (or Version) 6.6 is GST ready consisting of all features facilitating Tally GST billing, GST returns filing besides error detections and corrections. There are other top features that Tally has to offer when it comes to GST compliance which are important to under for GST training. Let us now see take a closer look.