The Goods and service tax act or the GST act was enabled on 1st july 2017 and has changed the whole taxation Policies of India since its existence. For this tax, a GST council was set to simplify and explain the rules of GST in an easier way to the businesses. GST has certainly changed the accounting and tax filing principles of various businesses. It has created different meanings for different stakeholders.
For instance, Businesses having an aggregate turnover of more than 1.5 Cr. who are registered as regular dealers need to file their GSTR-1 on a monthly basis, whereas businesses having their aggregate turnover less than 1.5 Cr. have to file GSTR-1 on a quarterly basis. Likewise, composite dealers have different filing policies as they have to file GSTR-4 on a quarterly basis. GST amendment also states that businesses and transporters will have to file or record an E-way bill mandatory for interstate and intrastate movement of goods worth 50,000 and above. These all filing requirements do ask for a need of GST accounting software which could process and record these GST transactions easily to come up with a proper annual accounting disclosure. Observing these needs, Tallystack have come up with a Tally GST accounting software which could make your company’s GST filing conveniently.
Tally GST software is the most popular and reliable GST accounting software as it ensures that the data is precisely recorded at the transaction level itself. Tally has focused on its software, that you record and file your GST invoices and transactions as per the GST format.Tally GST software helps you to file GSTR-1, GSTR-B, GSTR-4 and other GSTR and taxes easily on our own by exporting data to the Excel Offline Utility tools or in JSON format as per the GST portal. Tally also helps you to generate and manage E-way bills easily as all you need to do is export the required information and upload it in the E-way portal.
Tally has certainly proved to be the optimum and the most popular choice when it comes to accounting software as it has simplified the accounting and auditing complications of various businesses. But with its multiple uncomparable benefits, it also comes with various hardware management and maintenance needs as to install tally, you would require specific installations of hardware and software that could increase your maintenance costs.
Well, We here at Tallystack have a solution to this problem also as we provide you the effective functions of tally in a cloud based form. We understand that maintaining hardwares and softwares could cost you a lot of time and concentration leading you to divert from your important cores of action.Tally on cloud works with the intent of virtualization and assists you with zero maintenance costs as you would not require any physical hardware or software to function tally services. Tally on cloud provides you all the beneficial services of a particular tally software in a virtualized way along with GST software enabled in a virtualized format with the help of VPS servers of the tally on cloud service provider.
Tally on cloud allows you to perform all the GSTR filings and e-way bill recordings with all other accounting based tasks like auditing, biling, taxation, inventory management, ratio comparison and all other features that an actual tally hardware provides. With implementation of GST, tally has proved to be a boon for various accounting transactions to determine a company’s performance and financial position. With Tally on cloud, tally services
and its maintenance complications got more easier and convenient as all the management work is done by the tally on cloud providers itself, therefore allowing you to concentrate more on your main course of action. This shows that tally on cloud could do a real good to your company’s performance and at the same time do your accounting and auditing transactions more accurately and more conveniently.