TallyPrime Release 5.0 | What’s New!

Master Your Accounting & Compliance Needs with Connected GST

• Simpler Uploads & Downloads: Upload GSTR-1, GSTR-3B, and CMP-08 directly from TallyPrime to the GST portal. Download GSTR-1, GSTR-3B, GSTR-2A, and GSTR-2B in just a couple of clicks.
• Effortless Filing: File your GSTR-1 directly from TallyPrime without even opening the portal. Choose your filing method such as DSC or EVC.
• Real-Time Party Information: Swiftly create and validate party ledgers using real-time details from the portal. No more manual entry of party information. Just fill the GSTIN/UIN of the party.
• Key Insights on ITC: Track your ITC at risk with great accuracy for one or even hundreds of suppliers using Bills Payable. Similarly, with Bills Receivable, track the status of invoice uploads against the pending bills of a party. Gain further clarity with detailed reports such as Ledger Vouchers – GST and Ledger Outstandings – GST, and other predefined saved views.

Automated Tax Calculation to Comply with TDS Section 194Q

Experience a hassle-free deduction of tax to comply with the Finance Bill’s Section 194Q for TDS purchases of goods. This includes:

• Automated computation of TDS on purchases exceeding Rs. 50 lakhs annually, based on the Nature of Payment.
• Handling TDS exemptions on purchases from Government entities eligible for exemptions under Section 194Q.
• Updating TDS Nature of Payment for one or more parties from a common report within Form 26Q.
• Recording advance payments from parties with TDS-integrated Stat Adjustment option for better reporting in Form 26Q.

Enhanced Readability of Reports and Vouchers with Stripe View

TallyPrime introduces Stripe View that is designed to improve readability of entries in reports with large volume of data, by highlighting alternating rows. You can also use Stripe View for all vouchers & reports, or for only specific ones. Use stripes while printing, exporting or sharing documents from TallyPrime, as and when you need to.


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