The significant difference between Tally.ERP 9 and Tally GST!

When it comes to Tally, most people confuse Tally GST with Tally.ERP 9. The truth is that both are very different. If you too are confused reading the two, then this article is going to be your way out. Never again will you mix between the two. So let’s take a look.

What is Tally.ERP 9?

Tally.ERP 9 is a software that is used for complete business management and is used by a lot of SMEs all across India and the world. The software is really simple, yet it has got a lot of functions that can be done on it. That is the reason why more and more companies prefer it nowadays.

The functions ate Finance, accounting, inventory, manufacturing, job costing, sales, purchases, branch management, generation and maintenance of payroll and costing. So these are the essential functions that can be done with the help of Tally.ERP 9 software.

What is Tally GST?

When the GST structure got introduced in India, the software needed changes. So Tally launched a release which was called the release 6.x that has got all the capabilities to make everything GST friendly. This is the GST version of the tally, and it is used and adapted by thousands of people in business every month. Popularly this new version is called the Tally GST.

The earlier versions of Tally had lower requirements like service taxes, vat, TDS, excise duty, TCS and so on. Now if your company is GST compliant, then you will naturally have to upgrade to this latest release version. All calculations will be done inclusive of GST, and the older tax formats will be rejected. Thus Tally GST makes sure that you have no mistake in the income tax and tax reports generated are perfect.

So now you know about the main difference between Tally.ERP 9 and Tally GST, choose whether you want to make your company GST compliant or not. Both are different in the kind of calculations they make and not upgrading to the right version can result in a lot of mistakes in the accounting of your company. Even though it is mandatory, some people didn’t upgrade to the latest version that is GST compliant. If you are among them, then you should immediately leave the old Tally.ERP 9 version and get upgraded to Tally GST.

By Rambilash Tiwari
October 15, 2018
E-Way Bill, GST, Lastest News, Tally, Tally Software

Warning: Trying to access array offset on value of type bool in /home3/shaktatd/rajlaxmiworld.com/blog/wp-content/themes/consultancy/mascot-framework/core/blocks/social-share/social-share-functions.php on line 35

All about the Tally.ERP 9 Shortcut Keys!

Tally.ERP 9 Installation Hacks that you must know!

What to Expect from GST and GST Ready Product?

May 30, 2017

There are just a few weeks remaining for you to get prepared for the rollout of GST, and out of the many questions you will be asking yourself, ‘what changes should I look for in my system, from my Tax Consultant, or in business processes, in order to better prepare for GST?’, is likely to be at the top of the list.

This article attempts to highlight key expectations and new pain points that are going to emerge in your business due to the upcoming law. These findings surfaced once we refocused our efforts after the constitutional amendment leading up to the GST law. All our work went into identifying new business behavior changes in order to deliver the simplest-to-use GST solution in the market.

TALLY ERP 9 : Advanced Technical Features & Solutions

September 24, 2018

Tally.ERP 9 has a wide range of functionalities that is applicable to various fields of work. Everything from accounting to billing to the management...

How to use Tally Data to file GSTR-2?

December 8, 2017

The form GSTR-2 is for businesses and registered taxable individuals who are required to provide their details for their inward supplies. Inward supplies mean all the purchase transactions made by the business or the individual in the stipulated period (mostly one month) and include purchases on which reverse charges (buyers have to pay GST) apply.

The form comprises of multiple tables, in each table the individual or the business has to provide various details. The due date of filing for July and August are yet to be declared, and from the quarter Oct-Dec 2017, businesses with output turnover up to Rs 1.5 crores can pay taxes quarterly.