The government has recently announced the implementation date of the e-Way Billas 1st April 2018. E-Way Bill as a mechanism helps reduce tax evasion and ensures seamless inter-state transportation of goods, with minimal loss of time at check-points. With the introduction of e-Way Bill, invoicing will become a more frequent activity than before. Businesses will be required to record sales invoices, and then generate the e-Way Bill. Invoice generation and dispatching of goods will have to take place simultaneously. Tally Solutions, the country’s premier business software, has launched its latest software Tally.ERP 9 Release 6.4 which caters to effective e-Way Bill compliance.
With e-Way Bill being introduced in a month’s time, it will be critical for businesses to adopt a solution which assists in generating and managing e-Way Bills, and at the same time facilitates recording and maintenance of accurate invoices. Tally has been the invoicing and accounting solution of choice for more than 1.3 million businesses and with the new release, the company is extending a simplified e-Way Bill compliance solution.
- Generate e-Way Bill and print invoices with EBNs (E-Way Bill nos.) – 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.
- JSON of single or multiple invoices for generating e-Way Bills – In order to generate e-Way Bills, businesses will need to upload invoice data in JSON. The software gives flexibility to businesses to generate JSON for a single invoice, or a single JSON for multiple invoices, to reduce operational effort. This will help generate multiple e-Way Bills from a single JSON.
- Manage varied business scenarios – With Tally.ERP 9, businesses can generate JSON in situations when they wish to get e-Way Bills generated for their purchases, or for purchases made from unregistered dealers.
- E-Way Bills for consolidated invoices – Once e-Way Bills are generated for individual invoices, the user can group invoices with their e-Way Bills as per mode of transport, vehicle nos., place of supply or State, and generate a consolidated e-Way Bill on the portal, to make transporter’s life simple.
Commenting on the launch, Mr. Tejas Goenka, Executive Director, Tally Solutions, “Over the last few weeks we have 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. We have also 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.”
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 INR 18,000+GST for a single user edition and INR 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 INR 5,287, and the remaining amount can be paid in equal monthly installments over a period of 7 months.