TallyPrime to simplify e-invoicing compliance through connected solution

TallyPrime to simplify e-invoicing compliance through connected solution

·         Tally Solutions enables end-to-end connected experience for e-invoicing through its new offering

·         Supporting MSMEs to be future-ready to adopt the new policy change from January 01, 2021

Mumbai, Dec 23, 2020: Theimplementation of e-invoicing, under the GST frameworkwill bringB2B businesses with an annual turnoverof INR 100 croreand above under the new compliance gamut from 1st January 2021.To ensure that thesebusinesses are able to transition and manage e-invoicing with utmost ease, Tally Solutions, India's leading business management software provider, will introduce its new fully connected solution – TallyPrimeRelease 1.1 before the implementation date.

Commenting on this launchTejasGoenka, Manging Director, Tally Solutions said, “As India is preparing for the inevitable roll out of e-invoicing over the next few months, we have been working to ensure that our customers have a smooth experience through this journey. We are soon releasing TallyPrime Release 1.1 that provides a end to end connected e-invoicing capability, and in the meantime we have already begun to engage with and educate thousands of businesses on the impact to their business and what they can do about it.”

Tally, a recognized GSP (GST Suvidha Provider) will communicate directly with the IRP (Invoice Registration Portal) to send invoices through TallyPrime in real time. Once authenticated it will receive the unique IRN (Invoice Reference Number) and QR code details from the IRP and update the invoices accordingly. All this will be done seamlessly, and the business owner can simply print the QR code and IRN on the invoice as part of their regular invoicing process. In addition to the e-invoice, the software will also help generate e-way bill numbers for applicable transactions.

Entrepreneurs will also be able to get a holistic view of the status of transactions and manage exceptions with the help ofan exclusive e-invoice report and IRN register.Tally’sGSP (Tally India Pvt Ltd)has followed strict information security policies as per international standards and has been awarded with ISO27001:2013 certification. TallyPrime users will always remain in control of the e-invoicing process through useful alerts that will prevent redundancy, ensuring that the latest data is shared with the IRP. Alerts will also help safeguard against accidental modification/deletion/cancellation of e-invoices. The software will also help manage rare situations of internet downtime.

About Tally Solutions

Tally Solutions Pvt Ltd is a pioneer in the business software products industry. Since its inception in 1986, Tally's simple yet powerful products have been revolutionizing the way businesses run. Having delivered path breaking technology consistently for more than 3 decades, Tally symbolizes unmatched innovation and leadership. With the trust of nearly 2 million businesses worldwide, it caters to more than 6 million users across industries in over 100 countries. The brand has one of the largest partner ecosystem in the country with more than 25,000 partners associated with the company directly to provide seamless and delightful customer experience.

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