Tally launches lat­est Re­lease for GSTR1


In the wake of the changes pro­posed by the gov­ern­ment as a re­sult of the re­cent GST coun­cil meet­ing on 6th Oc­to­ber, Tally So­lu­tions the coun­try’s pre­mier busi­ness soft­ware provider has launched Tally.ERP9 Re­lease 6.1.1, the lat­est in its suite of GST ready re­leases. The com­pany has fac­tored in some of these changes in the soft­ware which has fur­ther en­hanced the re­turn prepa­ra­tion process, mak­ing it easier for GSTPs and busi­nesses to file re­turns for GSTR1.

Some key changes fac­tored. Sus­pen­sion of re­verse charge mech­a­nism: in keep- ing with the new change, the soft­ware will not cal­cu­late GST on pur­chases from un­reg­is­tered deal­ers (URDs) as part of the GSTR1 fil­ing. GST on ad­vances re­ceived not re­quired for SMEs: the soft­ware as per the lat­est rules will not cal­cu­late GST on ad­vance pay­ments for SMEs with an an­nual ag­gre­gate turnover up to INR 1.5 crore. For larger busi­nesses, the soft­ware pro­vides for an op­tion to ac­count for this cal­cu­la­tion while fil­ing re­turns.

The soft­ware has not just adapted to the coun­cil changes quickly, it also of­fers the con­sumers em­pow­er­ment to en­sure a smooth re­turn prepa­ra­tion so that the sub­mis­sion pro- cess is ac­cu­rate, er­ror and has­sle free.

Com­ment­ing on the re­cent de­vel­op­ments, Bharat Goenka, Man­ag­ing Di­rec­tor, Tally So­lu­tions, “We com­mend the gov­ern­ment’s re­spon­sive­ness to ad­dress the con­cerns of SMEs on ground. As a soft­ware provider, we have tried to adapt to these changes into our soft­ware to en­sure a smooth and seam­less GSTR1 fil­ing process for the SME. We will con­tinue to work closely with GSTN and bring out our fur­ther re­leases that can en­able our cus­tomers and GSTP com­mu­nity to cre­ate and sub­mit re­turns from our soft­ware it­self in an easy and ef­fec­tive man­ner.”

Con­sumers see two ar­eas of chal­lenges in the GST re­turn fil­ing process, namely the prepa­ra­tion of re­turns and the sub­mis­sion of these re­turns. Tally. ERP 9 val­i­dates the GSTIN num­ber, HSN codes etc. which helps avoid re­jec­tion on the GSTN por­tal. Through var­i­ous lay­ers of data cor­rec­tion and the unique er­ror de­tec­tion ca­pa­bil­ity, the user is as­sured of an ac­cu­rate fil­ing process. In ad­di­tion, hav­ing worked closely with GSTN and its off­line tool, the com­pany has worked to in­crease pre­ci­sion and en­sure seam­less trans­fer of data to the off­line tool, thereby en­sur­ing a smoother re­turn sub­mis­sion process.

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