TallyPrime and TallyPrime Edit Log Release 3.0 have made your GST experience a thing of delight and comfort.
The product now has the facility of maintaining a single Company data with multiple GST registrations, while enabling you to record transactions and view report for any specific GST registration or all GST registrations. It eases the process of recording GST transactions with automatic tax liability calculation for all transactions and enhanced tax analysis experience.
The facility to specify GST Rate and HSN/SAC Details separately in masters and the simple experience in overriding the values make recording GST transactions even easier for you.
The product takes care that your GST Return reports get updated as per the values specified in the transactions, without having the need to create Journal Vouchers to raise Tax Liability and claim Input Tax Credit. However, you have the flexibility to follow the process of recording Journal Vouchers, if needed.
Moreover, you can reconcile transactions of GSTR-2A with great ease. The facility to reset GST-related data enables you to erase the GST data imported from the GST portal for reconciliation, in case of mismatches in GST details. You can then re-enter values to match with the GST portal data, and then re-import the portal data to reconcile transactions.
In addition to that, Data Exchange supports exporting and importing of transactions of a specific or all GST registrations, as needed.
You can now gain the information you need and analyse your business data at a greater speed, as the all-new report filters are here to assist you in quick access to the required details in reports – all at your fingertips and within few clicks.
Data management activities such as migration, repair, and import will be all the smoother, as you will get to know the stages of the process, while a summary report informs you about masters and vouchers before the initiation and after the completion of process. On the other hand, identifying and resolving errors that occurred during the process is all the simpler.
If you are a TallyPrime Edit Log user, then you can download TallyPrime Edit Log Release 3.0.
Multiple GST registrations in a single Company data brings in a simpler GST Return-filing experience, as you can file GST Return for each GST registration separately using GST reports of a single Company data. It saves you from the trouble of maintaining different Company data for different GST registrations. This, in turn, saves a great deal of time, as you can work to prepare for GST Returns of each GST registration in a single Company data.
With the facility of maintaining all your GST registrations in a single company, you can now:
Additionally, you can deactivate a specific GST registration in case of suspension or surrender. And you have the flexibility to reactivate the GST registration, whenever required.
You now have the flexibility to specify and update the details related to GST Rate and HSN/SAC separately in different types of masters, as needed. Updating GST registration details of a party has also become simpler. Furthermore, you can specify slab rates in any master – be it stock item, stock group, ledger, or group, as needed.
Entering GST Rate and HSN/SAC details has become all the easier, as you can enter those details in separate masters, as per your requirement. On the other hand, the facility to override the details during voucher creation imparts great flexibility.
You can now:
You can now update the GST Registration Details (such as GSTIN and Registration Type) and Mailing Details (such as Address, State, or Country) for a registration in the masters in such a way that there will be no impact on:
What’s more, with the newly introduced facility to check the history of updates in GST Registration Details, you can now know:
For items or services with varying GST rates for slabs of different amounts, you can now specify slab rates not only in Stock Items but also in the Stock Group, Ledger, and Company, as needed.
Calculating tax in transactions has become all the easier, as TallyPrime considers GST rate and HSN/SAC details provided in the respective masters, while you can simply override the details during voucher creation, as needed.
With TallyPrime Release 3.0, you can now:
Apart from the above-mentioned facilities, you can also:
What’s more, if you change a value that affects GST Returns, then TallyPrime will prompt you at the time of re-saving the voucher, so that you can take one of the following decisions:
In case of multiple GST Registrations, you can set a default GST Registration for a specific Voucher Type.
For instance, if you record all Journal Vouchers for a specific office or location, then you can set the GST Registration of that location in the Voucher Type as the default one.
Subsequently, when you create the voucher, the default GST registration will be the one chosen in the Voucher Type, thereby saving time consumed in switching between the GST registrations.
For Voucher Types with Automatic or Multi-user Auto method of voucher numbering, TallyPrime retains the original voucher number in case of voucher insertion or deletion.
This ensures that the voucher numbers of transactions remain intact despite insertion or deletion.
However, you can choose to renumber vouchers at the time of voucher insertion or deletion, if you follow the practice in your business.
For Companies with multiple GST registrations, you can create voucher numbering series for each registration and Voucher Type, so that there is no conflict of same voucher numbers in your data and also in the Returns.
TallyPrime Release 3.0 enables much faster opening of GST Returns for your immediate reference. Moreover, filing GST Returns becomes all the simpler as GST reports such as GSTR-1 and GSTR-3B are enhanced, so that you can easily:
The experience of reconciling your transactions in GSTR-2A with the transactions of your suppliers is further simple. This ensures that the information in your books matches that on the GST portal. Moreover, the facility to identify potential matches to unreconciled transactions in your books aids to the ease of the reconciliation process.
You can now:
What’s more, for transactions that are on the portal and not in books or vice versa, TallyPrime helps you identify those with matching values but different document numbers, party GSTIN/UINs, or sections of the Return. This further helps you speedily reconcile the transactions.
Finding required information and data analysis has become all the faster, easier, and delightful with a versatile facility for applying filters that is:
In a report, you can now:
What’s more, you can save the view of a report in which you have applied the filters and refer to the filtered information quickly.
The improved data management facilities not only ensure that the migration to the release is seamless but also delight you with enhanced simplicity in migration, repair, import, and synchronisation. You can also view the progress of the activity in detail and resolve the exceptions, if any.
The status against the Companies will promptly let you know if a Company needs to be migrated or repaired.
Right from the verification of masters and transactions to the successful migration or repair of your data, the enhanced process keeps you abreast of the progress.
At the end of data Migration or Repair, you can view a summary with the total vouchers and masters before and after the completion of the process.
This helps you know if there is a loss of data during the process.
At the end of migration, repair, import, or synchronisation, you can easily:
What’s more, you have the flexibility to resolve exceptions at the end of the process or later, as per your convenience.
When your imported GSTN data gets corrupted or the data is accidentally imported, it might cause problems in reconciliation.
However, TallyPrime now provides you with the facility to reset the imported GSTN data, which will erase the corrupted GSTN data, while keeping your book data intact.
Thereafter, you can again import the JSON file of GSTR-1 or GSTR-2A downloaded from the portal and continue to reconcile your transactions.
You can now connect or disconnect multiple companies for online access using a single screen, thereby saving time that was consumed in selecting companies one by one.
This is especially useful for businesses that have multiple companies that you may need to connect online for remote working, synchronisation or browser access.
For Composition dealers, Tax Analysis is now available in purchase vouchers.
In case of Automatic (Manual Override) voucher numbering method, when you made a voucher optional or deleted it, the subsequent vouchers got numbered as per the voucher number of the optional or deleted voucher.
You can now easily set or alter numbering details and alter the last entered voucher number, so that the future vouchers are numbered accordingly.
All the vouchers with duplicate voucher numbers or supplier invoice numbers can now be identified under Duplicate Voucher No. in the Uncertain Transactions (Correction Needed) section.
You can then make the necessary corrections before filing Returns.
When you changed the date of a voucher, the Voucher No. and Reference No. also got changed.
You now have a facility to retain voucher numbers when your method of voucher numbering is Automatic or Multi-user Auto.
In GSTR-1 and GSTR-3B, you could not track advance receipts from unregistered dealers or consumers.
This issue is resolved.
You can now add Place of Supply in purchase vouchers such as those recorded for:
Sales recorded against advance received in previous periods did not appear in GSTR-1 and GSTR-3B.
This issue is resolved.
A few GSTINs were considered as invalid, even if they were perfectly valid.
This issue is resolved.
In a purchase voucher, when you changed the Place of Supply in the Party Details screen, GST was still getting calculated as per the State entered in the party ledger.
GST will now be calculated according to the Place of Supply specified in the voucher.
When you altered a sales invoice and changed the Party ledger to Cash, the Registration Type of the party changed to Unregistered and the GSTIN/UIN got removed from the Party Details screen.
Now, when you change the party ledger, you can choose to either retain the original details from the ledger or update the information.
For Composition dealers, the values of some stock items appeared incorrectly in the Stock Summary.
This happened when you recorded a purchase voucher with stock items having different GST rates, and then added CGST and SGST ledgers created for the respective GST rates.
This issue is resolved.
When you recorded a sales invoice with multi-currency, CGST and SGST as displayed in Tax Analysis did not appear in print preview.
This issue is resolved.
For the Ledgers created under Provisions, the Natures of Transaction related to purchase were not available.
You can now select purchase-related Natures of Transaction for ledgers created under Provisions.
RCM purchases of items that are not eligible for Input Tax Credit (ITC) did not appear in the D. Ineligible for Input Tax Credit section of GSTR-3B.
This issue is resolved.
Composition dealers can now configure GST Details in Stock Group.
This helps to group multiple Stock Items with a common GST rate under a Stock Group, and provide GST details.
Composition dealers can now specify the MRP Rate in a Stock Item.
SGST and CGST were getting incorrectly calculated in sales invoices when discount was applied using voucher class.
This issue is resolved.
Vouchers with certain Ledgers were not included in any GST Return.
This happened when the vouchers had a ledger created under a Primary group with nature of the group as Income/Expense.
This issue is resolved.
The Provide GST/e-Way Bill details option was not available in Sales invoice when you worked on a Company connected through remote access.
This issue is resolved.
When you recorded a Debit Note, it appeared twice in the Document Summary – under Invoices for Outward Supply and Debit Note.
The issue is resolved, as it will now appear only under Debit Note.
Debit Note (Purchase Return) and Credit Note (Escalation in Purchase Price) transactions will now be considered in Document Summary.
After alteration, some sales invoices moved from B2B Invoices to B2C Invoices in GSTR-1.
This happened when you added another address in the party ledger and then altered the invoice. As a result, the Registration Type of the party changed to Unregistered.
This issue is resolved.
When you drilled down to the Nature of Transaction, Taxable value, rate of tax modified in voucher section from Uncertain Transactions (Corrections Needed) of GSTR-1, you could not select multiple invoices to resolve or accept as is.
This issue is resolved, as you can select multiple invoices and resolve or accept as is.
State Code for Dadra & Nagar Haveli and Daman & Diu was not available when you exported GSTR-1 as an MS Excel file.
This happened in the B2C invoices recorded for Unregistered dealers or e-Commerce operator.
This issue is resolved.
When you tracked partial advance against a Sales amount, GST on the total advance did not get recorded in GSTR-1.
GST will now get adjusted for partial advance, and you will be able to generate the liability for the rest of the advance amount.
The transactions recorded for import of Capital Goods did not appear in the Import of Goods section.
Such transactions appeared in the No direct implications in return tables section.
This issue is resolved.
The Taxable Amount did not appear under the 3.1 (d) Inward supplies (liable to reverse charge) section in GSTR-3B.
This happened when you recorded a journal voucher for Increase of Tax Liability & Input Tax Credit in the same month as that of the RCM purchase voucher.
This issue is resolved.
The uncertain transactions of sales and purchase will now appear in GSTR-3B, in addition to GSTR-1 and GSTR-2A.
The liabilities recorded for RCM purchases and Input Tax Credit did not appear in GSTR-3B.
This happened when you recorded an RCM purchase voucher for RCM liability and the Input Tax Credit corresponding to the purchase in the same month.
This issue is resolved.
When you uploaded a JSON file with negative sales or purchase value, it led to an error on the GST portal.
However, with the all-new facility of Return Effective Date, you can move such transactions to a different Return period, and ensure that the sales or purchase value is not negative for any period.
Transactions recorded for Reclaim of Reversal of ITC (On Account of Buyer Payment) did not appear in the Input Tax Credit Reversed section under Others.
This issue is resolved.
While filing GSTR-3B, when you uploaded an invoice containing Exempt/Nil-rated items along with taxable ones, the following error appeared:
Table 3.1 (a), (b) and (c) are auto-drafted based on values provided in GSTR-1. Table 3.1 (d) is not auto-drafted based on GSTR-1.
This issue is resolved.
In GSTR-3B, correcting and accepting vouchers as is took longer than expected, especially when navigating to the Uncertain Transactions (Corrections Needed).
It will now take significantly lesser time to correct and resolve vouchers.
The transactions involving the Direct Expenses group were considered not relevant for GSTR-3B. They are now getting included in the Return.
Even if all the values in a transaction matched with the portal data, some transactions did not get automatically reconciled. This happened to transactions with party ledgers created under Current Liabilities.
This issue is resolved.
In GSTR-2A, the imported transactions could not be manually marked as reconciled.
This issue is resolved, as the facility of setting GST Status now works seamlessly.
TallyPrime now considers vouchers recorded in any period for reconciliation in GSTR-2A.
Purchase vouchers from the previous financial year appeared in GSTR-2A Reconciliation of the current financial year.
This happened when you entered Supplier Invoice Nos. that were already used in the previous financial year for the same party.
Due to duplication of the Supplier Invoice No. for the same party, the purchase vouchers of the previous financial year appeared in the current financial year.
The purchase vouchers of only the current financial year will now appear in GSTR-2A Reconciliation, despite the duplication.
In GSTR-2A, re-saving vouchers took longer than expected for the transactions with Nil Rated stock items or ledgers.
It will now take significantly lesser time to do so.
In GSTR-4, Sales invoices were appearing in both the sections – Included in Return and Not Relevant for This Return.
Sales invoices will appear only in the Included in Return section.
RCM purchase transactions recorded for an Unregistered party were considered not relevant for GSTR-4. They are now getting included in the Return.
When you exported GSTR-4 in the MS Excel template provided by the department, Place of Supply was incorrect in 4A&B (B2B) Worksheet.
This issue is resolved.
Certain vouchers used to get excluded from e-Invoicing.
This happened to the vouchers under User-excluded Transactions (Not relevant) of the e-Way Bill report.
This issue is resolved.
In e-Way Bill report, you could not exclude all the selected invoices in the Missing/Invalid Information section.
It happened when there were lots of invoices to be excluded at once.
This issue is resolved, as you can now select as many invoices to exclude from the e-Way Bill report.
In the Voucher Information Mismatch with QR Code section of the e-Invoice report, the deleted vouchers appeared as Modified, without the voucher date and e-Invoice-related details.
This issue is resolved, as the deleted vouchers will appear as Deleted, and the e-Invoice details will be retained.
In some cases, data split was interrupted by a Memory Access Violation (MAV) error.
This issue is resolved.
