Recently, Tally Solutions declared the launch of its GST mobile application so that the technology led law is easily adopted by the masses. Businesses and individuals would be the first to benefit from this specific app, as it will prove to be a rich source of information on Goods and Services Tax, and will further help them understand GST and its nuances. The interface of the app is quite user friendly which is designed in the way so that both types of users can handle it; the ones who are well equipped with the technology and the others who are just easing into the use of this technology in order to get better understanding and mechanization of their accounting practices. Brought in by Antraweb Technologies, Tally’s master partner for several years, Android and IOS users can download this free enterprise from their respective app stores.
It has been Tally’s constant endeavour to equip traders and small businesses with appropriate information to train and prepare themselves for the Tax reform. Recently, the GSTN Network announced Tally to be a GST Suvidha Provider. Also, in order to educate and train the Trading community on GST, they have also collaborated with the Confederation of All India Traders (CAIT). Moreover, a blog has also been launched by Tally software to help with the provision of the most updated information on GST and its associated impact on verticals.
Commenting on the launch, Tally Solutions said that it’s proud of creating the simplest yet most advanced technology solutions for businesses over the past three decades. It further stated that after being part of several events with their partners in the eco-system across India, the company realized the need to develop a simple to use at the same time an all-inclusive tool to deliver this solution to the businesses that the company has invested in the Tally for GST App.
GST for Businesses
GST will bring comfort of starting a business by introducing uniform centralized registration process in India. Businesses will benefit with this change as they will get high exemption with an enhanced investment and lower tax burden, providing unified tax calculation without differentiating between product and services. GST will also play a major role in bringing down the fiscal deficit, enhance GDP and bring economic integration in India.
Going ahead, the process of paying tax will become simpler and transparent with GST, merging all taxes of various states into one, with no difference between sales and service. Furthermore, GST will lessen the logistic cost of the company producing non bulk goods, cutting down stocking cost of goods and services. Matching the Indian market, GST lets full tax credit for inputs and capital goods, i.e. both local and interstate taxes will be paid on procurement. Thus GST reform strives to enhance the growth of SME sector holistically.
In recent time Tally has conducted more than 170 events across India with several partners for making them aware and train small businesses on GST. The company serves more than a million businesses through their Tally ERP and Tally ERP 9 version and is constantly mobilising its manpower and systems to help ease of transition of their prevailing and additional users to GST regime
