Tally Solutions Launches GST-Ready Version In 6 States
Tally Solutions has announced the rollout of Release 5.4, the latest version of the Release 5 series from its Tally.ERP 9 suites, in the national capital territory of Delhi and five states – Bihar, Gujarat, Madhya Pradesh, Maharashtra, and Tamil Nadu. While this is the maiden launch of Series 5 in Bihar and Madhya Pradesh; Delhi, Gujarat, Maharashtra and Tamil Nadu stand to benefit from the enhanced performance experience that the 5.4 version has to offer.
With the constitutional amendment for GST now passed, the entire country is gearing up for the biggest indirect tax regime. Through GST, the government intends to bring about greater transparency in business transactions and simplify compliance needs. Tally.ERP 9 Release 5.4 aims to help businesses ensure that their transactions are correct and complete through the powerful concept of triangulation and with it, Tally Solutions will help prepare businesses across the country for the GST regime.
The Tally.ERP 9 Release 5 series is designed to empower businesses to be fully tax compliant, ensuring that tax returns reflect the books of accounts accurately. This will help businesses with simpler, easier and quicker compliance.
The VAT capabilities in Release 5 are being launched in an incremental manner across India. In line with its preceding versions, Release 5.4 is also aimed at supporting businesses with a comprehensive compliance solution for the geographies mentioned above, and provides the latest VAT capabilities. In this regard, Release 5.4 includes all the features present in the releases before it. Additionally, users of Release 5 Series, also stand to benefit from the performance enhancement features incorporated in central taxation capabilities (excise, service tax and TDS) that is applicable across the country.
Since its release in July 2015, Release 5 series has already been made available in 18 Indian states and union territories. With the introduction of the latest version 5.4 in Bihar and Madhya Pradesh, the product currently provides comprehensive compliance support to 20 States across the country.