Blogs

Note: This blogpost is particularly meant for tax consultants and professionals engaged in providing tax returns filing services. Even business owners will find this post helpful.
 

You might have already generated e-Way Bills for your business since e-Way Bills are mandatory for interstate movement of goods in India from April 1st onwards.
 
An e-Way Bill has to be generated if the total of taxable value and tax amount in the invoice of goods being transported exceeds Rs. 50,000, and in few States for intrastate transactions as well.

Lakhs of businesses in India are today running on Tally.ERP 9. Many of these are using Tally’s latest version – Release 6.3.1, while others are yet to upgrade. This blogpost intends to inform business owners why they need to continuously upgrade, currently to Release 6.3.1 in case they haven’t.
 

The GST law which was introduced in India in July 2017, makes it mandatory to print the GST Numbers or GSTINs on invoices. This is something that you must already be aware of. Thereby, as a business owner, you need to ensure that you have the right GSTINs of your suppliers and customers entered in your GST returns for successful filing.

The GSTR-3B form has to be filed every month by regular dealers, until March 2018. By now, as business owners you must be clearly aware of the details that are required to be included in the GSTR-3B for successful filing. You must have also filed GSTR-3B for the months from July to November 2017 by now.
 
In this blogpost, we will focus on the various formats in which you can generate GSTR-3B form, as per your preference, by using the latest version of Tally.ERP 9. With the help of these formats you can easily file GSTR-3B using Tally.ERP 9.

Introduction
The Marked Vouchers feature which is available in the latest release of Tally.ERP 9, makes it very easy for both business owners and tax consultants to update their books with changed vouchers conveniently, at any point in time.
In this blog post, we will explain how Marked Vouchers feature works and how it proves to be an extremely useful capability in different business scenarios.
 

Every business wants to be GST compliant and a key prerequisite for this is to be able to generate correct GST invoices. This again is based on a key principle of GST, which is invoice matching. Every business is expected to upload details of each and every invoice on the GST portal. Thereby it is critical that invoices capture right information so that returns don’t get rejected on the GST portal.
 

This blog post is relevant if you are using Tally.ERP 9 Release 6.3.2 or lower versions. We recommend you to upgrade to Tally.ERP 9 Release 6.4 using which you can manage e-Way Bills conveniently.

 GST Software Updates

Businesses with turnover of up to 1.5 Crores or lesser can opt for the Composition Scheme, as per the GST Council. Only manufacturers of goods, dealers, and restaurants (not serving alcohol) can opt for the scheme. These types of businesses are not required to file their GST returns on a monthly basis. Rather, they have to file GSTR-4 on a quarterly basis, in which only summary-level details are required.  However, composite dealer cannot claim Input Tax Credit on their purchases.