New GST Ready version of Tally ERP 9 Release 6.0:
Tally ERP 9 Release 6.0 is fully GST compliant and help you to file your GST returns easily along with taking care that you do not miss the deadline and upload the right data.
They have released their product release plan which simply means at what times and in what circumstances they will be going to release the new GST Ready versions of Tally.ERP 9.
Everything is dependent upon GSTN.
GSTN means Goods and Services Tax Network. It is developed in partnership with Central Government, State Governments, and various other private entities.
It is a single window for filing documents and returns online under the GST law.
Therefore, GST returns, registration, documents and any other filing which is required under the GST law will be done via GSTN.
Coming back to Tally.ERP 9’s new releases, they will be done as and when the government comes out with a stable plan and the dates of the implementation of the GST law.
Tally ERP 9 Release 6.0 Version
This is one of the major updates of Tally since this will the first updated version with all the GST capabilities in it.
This is going to be huge and I strongly suggest, please don’t panic or worry if something you are looking for is not in Tally or you are unable to find it.
As this version is released, We will go through it in detail and study it. We will then solve all your questions and confusions as we a have team of tally experts.
This version is going to have the following updates relating to GST in Tally.
You will be able to create transactions which will be fully compliant with GST. Therefore, you don’t need to worry whether all the transactions are GST ready or not.
As the transactions you enter will be GST ready, you will also be able to print GST ready invoices.This is a great relief.
At the time of taking credit or filing return, the person who has purchased from you will ask for the details to file his GST return because everything should be matched.
You will be able to maintain books and accounts. This is assumed as this is the reason you are using Tally in the first place. 🙂
Passing entries and maintaining books and accounts in Tally is easy and fast.
Last but not the least, you can submit your data to the GSTN (Goods and Services Tax Network) with the help of Tally in an easy way.
How to Submit Data from Tally.ERP 9 to GSTN
Here is how you can do it.
1-Firstly, enter all the transactions on which GST is applicable.
2-Then you can view all the details in Tally.
3-You can check the correctness of the data with the help of a new feature in Tally called Triangulation. By using this feature, you will be sure that correct information is uploaded on the GSTN.
4-Export the file in Excel format which will be in a format of the new GST Offline Utility tool.
5-Import the Excel file in the Offline GST Utility tool and export the file in JSON format which will be uploaded on the GSTN for a final filing of the return.
Now, the only errors will be of not matching of the transactions with the purchaser or the seller.
6-I think this is relatively very efficient manner for utmost compliance with the GST currently.
You will have very few errors and the process of complying with the new GST law will be very much easy for you.
This was the Version 6.0 of Tally.ERP 9 which released by Tally Solutions on 26th June 2017.
In short, this will be one of the GST Ready versions of Tally but it can contain some errors or bugs as it is the first one.