Release Notes for TallyPrime and TallyPrime Edit Log Release 5.1 | What’s New!

 


TallyPrime Release 5.1 introduces a suite of powerful enhancements to simplify compliance and elevate the efficiency for the business.

  • Effortless GST management with bulk B2B to B2C conversion, conflict resolution, multi-period GSTR-1 exports, enhanced e-Way Bills experience and more.
  • Better voucher number management with flexible voucher numbering and configurable HSN/SAC summaries.
  • Payroll compliance perfected with the latest FVU updates for the New Tax Regime.
  • DIY support at your fingertips with step-by-step help directly accessible from the context in TallyPrime. 
  • Enhanced clarity and efficiency in display and print in Arabic.  
Simplified GST Conflict Resolution 
With TallyPrime Release 5.1, you can resolve GST-related conflicts between Masters and Transactions effortlessly. Enjoy seamless compliance management as you identify, resolve, and track discrepancies with ease, ensuring your data stays accurate and up-to-date!

Flexible Voucher Numbering and HSN/SAC Summary Configuration During Migration
While migrating from TallyPrime Release 2.1 or earlier versions to Release 5.1, in the Migrate Company Data screen, you can:

  • Decide how to handle voucher numbering:
    • Retain the existing voucher numbering method. 
    • Set it selectively only for sales voucher types or all voucher types. 
    • Continue with the existing numbering method.
  • Configure to generate an HSN/SAC Summary for all sections or all sections except B2C. 
  • Configure the required HSN length for Stock Items.  
Export GSTR-1 for Multiple Periods into One Excel File

You can now export the GSTR-1 return for multiple periods into a single Excel file. If there are multiple GST registrations in a single company, you can select a specific GST registration or all registrations and export the return at one go.

HSN/SAC Summary in Annual Computation Report 
The HSN/SAC Summary view is now available in a consolidated period-wise report within the Annual Computation report.

Bulk Conversion of Transactions from B2B to B2C 
Transactions rejected due to an inactive GSTIN can now be bulk converted from B2B to B2C with a single click.

Voucher Mismatch Issue Resolved 
Previously, when accepting a mismatch in information (Accept as is), the voucher would appear as an Uncertain Transaction after being re-saved without making any changes. This issue has now been resolved, ensuring the voucher is recorded correctly without any status change.

Accurate GST Calculation in Service Ledgers 
Previously, GST was not being calculated correctly when a Service Ledger was selected. This issue has been resolved, ensuring accurate GST calculations when using a Service Ledger.

Bank Charges GST Exception in GSTR-2A, GSTR-2B and GSTR-3B Resolved
Previously, recording bank charges with GST often caused errors in GSTR-2A, GSTR-2B, and GSTR-3B reports because bank ledgers were set as Unregistered/Consumer by default. Now, when you enter a transaction with both bank and GST ledgers, you can select the correct Registration Type with a new transaction experience. If you continue with Unregistered/Consumer, the transaction comes under a new Uncertain Exception offering clearer guidance for the resolution. 

Changes made to Ensure Better Compliance with GST Regulations 

Report missing invoices or claim ITC based on whichever of the following comes first:

  • Until November of the following financial year. 
  • 20 months from the start of the current year.
  • Filing of annual returns. 

Credit notes for sales can be issued until the earlier of the following:

  • November of the following year. 
  • Filing of annual returns. 

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