Tally Solutions had launched the updated Tally.ERP9 Release 6.1.1, the latest in its suite of GST ready releases, making it easier for GSTPs and businesses to file returns for GSTR1.
“As a software provider, we have tried to ensure a smooth and seamless GSTR1 filing process for the SMEs. We will continue to work closely with GSTN and bring releases that can enable our customers and GSTP community to submit returns from our software itself in an easy and effective manner,” said Bharat Goenka, Managing Director, Tally Solutions, in a statement. According to the company, the new software will not calculate GST on purchases from unregistered dealers (URDs) as part of the GSTR1 filing.
Tally has been working to promote awareness and education on filing and automation within the SME and GSTP communities. It has conducted over 7000 free training camps and webinars to impart knowledge on GST filing processes. In addition, the company continues to price GST ready Tally.ERP 9 Release 6.1.1 at Rs. 18,000 GST for a single user edition and Rs. 54,000 GST for a multi-user edition, the same as earlier. However, most of Tally’s existing users will be able to upgrade to this release free of cost.
The next phase in the filing is GSTR 2 returns which will require a robust technological solution to effectively resolve any mismatches in sales and purchase. This is soon in the offing from the company and the release will correspond with the GSTR 2 filing dates.
Hopes Further Simplification:
Tally is also hopeful that the GST norms would be simplified further to help small businesses file returns and claim input tax credit.
“At present, the negative effects of GST among the small businessmen outweigh the positive vibes. We hope that the norms and guidelines will be simplified further to help these entities to file returns and claim input tax credit,” Bharat Goenka, told reporters in Kolkata recently. In another interview
Goenka said it is heartening to see that the GST Council is quick to adopt the requisite changes to make the tax system more friendly. However, businesses with an annual turnover of less than Rs 1.5 crore should be made to furnish monthly returns instead of quarterly, at the moment. This, according to him, would lead to delay in realizing input tax credit by the businesses. Goenka said that more than 75 percent of the taxpayers fell into this bracket.