Wednesday, 4 April 2018

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Why you Should Update to Tally.ERP 9 Release 6.4

Why you Should Update to Tally.ERP 9 Release 6.4


Tally.ERP 9 Release 6.4 is our latest product for businesses, launched on 23rd Feb. 2018.
If you are a business owner, do you need to upgrade to this release? If you are a tax consultant, 
must you ask your clients to upgrade?  These are some obvious questions in your minds.
In this blogpost, we will take you through the benefits of using Release 6.4. We are confident that
 by the time you have finished reading this blogpost, you will have all your doubts cleared.
Release 6.4 addresses two important needs of our customers.1. e-Way Bill Management


On the off chance that you are an entrepreneur, e-Way Bills will wind up greater piece of your 
everyday life sooner than you anticipate. In the event that you are transporting merchandise 
worth Rs. at least 50,000 and past the separation of 10 kms or more, you can do as such just
 with an e-Way Bill.

As empowering agents of GST consistence for organizations, we have presented e-Way Bill 
Management in Tally.ERP 9. We should stroll through the imperative advantages of utilizing 
Tally.ERP 9 for dealing with your e-Way Bills

Generate e-Way Bills quickly

Tally.ERP 9 makes your life less complex! While making a receipt, when you begin entering in
 the points of interest, Release 6.4 enables you to catch extra transportation related subtle elements
 in the meantime. You can send out the receipt in a JSON document and transfer it on the e-Way Bill
 gateway to create the e-Way Bill. The e-Way Bill Number (EBN) shows up on the e-Way Bill alongside 
different subtle elements.

You can enter the EBN against the relating receipt in Tally.ERP 9, take a print and hand it over to your
 transporter.

With Tally.ERP 9, you don't need to re-enter all the receipt points of interest again on the e-Way Bill
 entry to generate e-Way Bill and spare profitable time while lessening operational exertion.

Create e-Way Bills for single or multiple invoices

How about we take a situation where you have gotten numerous requests and like to dispatch them
 together. Tally.ERP 9 enables you to effortlessly create e-route bills for every one of these solicitations
 in one go. With most recent variant of Tally.ERP 9, you can send out for every one of these solicitations
 together at one go, as opposed to producing individual JSON records for each single receipt.

Tally.ERP 9 gives you the adaptability to produce e-Way Bills according to your business conduct.

Create e-Way bills for different business scenarios

As a business, you run over various situations on an everyday premise. Some of the time, your provider
 will be unable to create an e-Way Bill. You may have made a buy from an unregistered merchant who
 can't create the e-Way Bill. In the event that you are returning back a few merchandise to your provider,
 at that point you should have an e-Way Bill. Tally.ERP 9 gives you the adaptability to manage every 
such situation and produce e-Way Bills under any conditions.

Generate Consolidated e-Way Bill

The e-Way Bill entrance enable you to produce a combined e-Way Bill if the place of supply, State, 
method of transport and vehicle number are the same. You can gather solicitations as needs be in 
Tally.ERP 9, create a merged JSON and transfer the same to the entry for producing a combined
 e-Way Bill. In any case, before doing this, guarantee you have created e-Way Bills for each receipt
 separately which is an essential.

Another imperative need that we tended to in most recent rendition of Tally.ERP 9 is GST consistence 
for Composite Dealers.

Read More at - https://goo.gl/R9Ugg9

2. GST Compliance for Composite Dealers

In the event that your business turnover is equivalent to or under Rs.1.5 crores, at that point you can 
decide on the Composition Scheme. In spite of the fact that the weight of duty consistency is lesser 
on the off chance that you are a composite merchant, regardless you need to document GSTR-4 on 
a quarterly premise and take after some straightforward strides for consistency.

Tally.ERP Release 6.4 is a consistent GST answer for composite merchants. You can look after 
books, design assess rates, produce Bill of Supply, oversee turn around charge exchanges and create 
GSTR-4 in JSON for documenting. The following are the business advantages of utilizing Tally.ERP 9
  Release 6.4 for Composite merchants.

Configure tax rate in a single step

A level duty rate of 1% is relevant for makers and merchants under the Composition Scheme. 
All that's needed is a stage to arrange the assessment rate in your Tally.ERP 9 at the organization level.
 Tally.ERP 9 computes assess risk on your aggregate assessable turnover.

We as a whole realize that assessment rates can change under the GST administration. 
In such cases, you can apply the new appropriate assessment rate and keep up prior exchanges with 
their duty history in Tally.ERP 9. Give us a chance to comprehend this better by method for an
 illustration.

Expect that an assessment rate of 2% is pertinent from first April to twentieth May, while 1% impose 
rate will be appropriate from 21st May to 30th June. Tally.ERP 9 will naturally consider both the 
assessment rates alongside their pertinent dates in your GSTR-4.

Segregate taxable, nil rated and exempted sales

According to the most recent notice of CBEC (Central Board of Excise and Customs), composite 
merchants need to pay assess on their assessable turnover. To land at the appropriate measure of 
assessable turnover, as a composite merchant, you should isolate the deals into assessable, nil 
evaluated and exempted deals. Tally.ERP 9 deals with this while figuring charge risk on assessable
 turnover.

Record your purchases in the right manner

As a composite merchant you can't guarantee any Input Tax Credit on buys, yet need to pay charges.
 Presently these duties must be calculated in under buy cost.

With Tally.ERP 9 Release 6.4, initially you can characterize the measure of expense in the Item Master.
 Also, this expense sum gets apportioned to your buy cost. This reflects in your Stock Summary Cost
 under the Stock Summary Report. In spite of the fact that the duty rates are designed for every thing, 
Tally.ERP 9 guarantees that the rates get connected just when you make buys and not when you
 take part in any deals.

Manage reverse charge transactions

A composite merchant is at risk to pay switch charges if there should arise an occurrence of indicated 
buys and import of administrations. With Tally.ERP 9 Release 6.4, you can record such exchanges
 effectively and their effect reflects in your GSTR-4, if you raise assess obligation utilizing the Stat 
Adjustment highlight.

Generate and print Bill of Supply

Composite merchants need to issue Bill of Supply rather than solicitations for every one of their deals.
 With Tally.ERP 9 most recent rendition, you can get ready Bill of Supply according to GST
 characterized arrangement and issue them for deals.

File GSTR-4 using Tally.ERP 9

Composite merchants need to record GSTR-4 on a quarterly premise. On the off chance that there 
are any blunders in exchanges, Tally.ERP 9 distinguishes and encourages you to rectify them while
 you set up the information for GSTR-4. You can without much of a stretch produce GSTR-4 out of a
 JSON design, which can be transferred on GST Portal to record the profits.

Discharge 6.4 has numerous more rich abilities to enable you to deal with your GST consistence better.
 We might want to get notification from you, particularly your experience of this discharge. Do update, 
utilize the most recent variant and furthermore share with your business associates so everybody can
 make utilization of the advantages of our most recent Tally.ERP 9 Release 6.4.

Snap here for downloading the most recent rendition of Tally.ERP 9
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