Tally unveils e-Way Bill compliance solution

Tally Solutions,  the accounting and compliance software provider, on Wednesday launched  Tally.ERP 9 Release 6.4 to make e-Way Bill generation simple and convenient.  

E-Way Bill, an electronic way bill for movement of goods which can be generated on the e-Way Bill Portal, is  an accompaniment of the Goods and Services Tax (GST).

Tally ERP 9 allows businesses to capture all the mandatory details required for generating e-Way Bill in the e-Way Bill portal.  

These details are not required to be entered in the portal again, reducing time consuming repetitive tasks. At the time of saving the invoice, the user can choose to generate a JSON/Excel of the invoice which has to be uploaded on the e-way portal for generating e-Way Bill with EBN.

The government announced the implementation date of the e-Way Bill as 1st  April 2018. The law stipulates, that  transport  of goods of more than Rs 50,000 in value in a vehicle cannot be made by a registered person without an e-Way Bill.

Commenting on the launch, Tally Solutions Executive Director Tejas Goenka said over the last few weeks the company has been focusing on getting businesses ready to operate the e-Way Bill system to ensure that they remain compliant with the law.

"Our latest  release Tally.ERP 9 Release 6.4 is designed to make it very simple for businesses to generate and manage e-Way Bills. We have made a conscious attempt to make the solution flexible to accommodate various exceptional circumstances that different businesses might find themselves in, while complying with the new reform," he said.

Goenka also pointed out that Tally has extended a solution to businesses who have registered under the composition scheme, who can now generate bill of supply and file GSTR-4 with ease. "With these additions to our latest release, we are confident that businesses will find it easier to transition to the new reform," he added.

Tally.ERP 9 Release 6.4 will also enable businesses registered under the composition scheme to become GST compliant. With Tally, businesses can generate Bills of Supply for their sales.

Businesses can also export GSTR4 in JSON at the click of a button and upload it to the GST portal.  The product is priced at Rs 18,000+GST for a single user edition and Rs 54,000+GST for a multi-user edition, the same as earlier.

The latest version of GST-ready Tally continues to be available for purchase at an affordable EMI. The single user edition can be purchased with a down payment of Rs 5,287, and the remaining amount can be paid in equal monthly installments  over a period of 7 months.