Release Notes for TallyPrime and TallyPrime Edit Log Release 3.0 | What’s New!
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Multiple GST Registrations in a Single Company
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:
- Create GST registrations in the Company with:
- All the GST registration details such as State, Address Type, Registration Type, and GSTIN/UIN
- Periodicity of Return filing
- Place of Supply
- e-Invoice and e-Way Bill applicability
- Reconciliation configuration
- LUT/Bond Details, as applicable
- Other details related to GST registration
- Record transactions as per:
- The GST rules applicable to a specific GST registration
- Information provided for the GST Registrations, such as GSTIN/UIN and Address
- Create voucher series for each GST registration to avoid conflicting voucher numbers
- Open GST Return reports that are displayed at a greater speed for your immediate reference
- Export GST Returns for a specific GST registration or all registrations, as needed
- Use credentials of specific GST registration to log in for e-Invoice and e-Way Bill activities
GST Rate and HSN/SAC Details
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.
To know more, watch the How to Set Up GST Rate Details at Different Levels in TallyPrime and How to Configure Ledgers for GST in TallyPrime videos.
You can now:
- Set the source of GST Rate and HSN/SAC details under F11 Company features itself.
Subsequently, when you create a voucher, the GST Rate and HSN/SAC details will be considered from the source set under F11 Company features. - Choose to update GST Rate details in one master (such as Stock Group) and HSN/SAC details in another master (such as Stock Item).
- Override the GST and HSN/SAC details in any other master or during voucher creation.
GST Registration Details
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:
- The transactions recorded earlier.
- The Returns filed in the previous months.
What’s more, with the newly introduced facility to check the history of updates in GST Registration Details, you can now know:
- The nature of updates in GST Registration Details
- The date on which the updates were made
Reconcile Transactions in GSTR-1, GSTR-2A, and GSTR-2B
The experience of reconciling your transactions in GSTR-1, GSTR-2A, and GSTR-2B with the transactions of your suppliers has become further simpler. 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 adds to the ease of the reconciliation process.
You can now:
- Import JSON files for GSTR-1, GSTR-2A, and GSTR-2B.
- Reconcile transactions:
- After importing the transactions downloaded from the GST portal.
You can do so even if the transactions are from a different Return period by updating the Return Effective Date. - By specifying the threshold limit of mismatch.
- By ignoring the prefix of zeros or special characters in the Document No. in GSTR-2A and GSTR-2B.
- By configuring the prefix used by a party in Document No. or Invoice No. to be ignored for reconciliation in GSTR-2A and GSTR-2B.
- After importing the transactions downloaded from the GST portal.
- Manually mark the status of transactions as Reconciled or Mismatch, as needed.
- Consider the Supplier’s Invoice No. and Date as Document No. and Date for reconciliation in GSTR-2A and GSTR-2B.
- Identify the reason for the unavailability of Input Tax Credit in GSTR-2B.
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