look news india
Jaipur, September 17 (HS). With a view to strengthen the rapidly growing MSME sector – the backbone of India's economy, Tally Solutions on Tuesday launched the new Tally Prime 5.0, improving its connected services further. The new release is available free of cost to all active TSS subscribers. Tally, a well-known technology company providing business management software, has given a new dimension to its connected services with API-powered tax filing. This launch has been done in an effort to facilitate the operations of mid-mass segment businesses in India and abroad. With this new launch and plans for new products in the coming time, Tally has set a target to increase the number of its existing users by 50 percent in the next 3 years and to grow at a rate of 30-40 percent. It is worth noting that the number of existing users of Tally has crossed the figure of 2.5 million.
Balaji S., General Manager-North, Tally Solutions, said, “We are constantly innovating our technology to make business operations easier for MSMEs. Our new release is designed to make GST filing easier for Indian businesses. Currently, very few businesses use API-based filing, but we want to change this situation. With our new launch, we will simplify GST filing for MSMEs, saving them 60-70% of their time. This release will also help them secure their ITC by providing real-time GST status of their suppliers. We have created a strategy keeping in mind the state's market, so that maximum number of businesses can take advantage of this launch. Our team and partners will work closely with entrepreneurs, chartered accountants and tax professionals to educate them about the product and resolve every issue.”
MSMEs require efficient tech solutions for their operations and Tally Prime 5.0 offers them simple, secure and reliable solutions. It makes their business management easier with new and existing features like e-invoice generation, user-friendly dashboard, WhatsApp integration and Excel import. This new launch is in line with Tally's mission to connect businesses with their systems and provide a better user experience. The new release is available free of cost to all active TSS subscribers.
The new version with 'Connected GST' will serve as a consolidated interface for all online GST operations without the need to visit the GST portal. This launch will further strengthen Tally's connected experience, including e-invoicing, e-way bill generation and WhatsApp integration, etc. In addition, to meet the growing demand in the Middle East and Bangladesh, TallyPrime 5.0 also includes advanced multi-lingual capabilities, which will provide interfaces in Arabic and Bengali languages with phonetic support.
The new version includes several features such as direct connect to GST portal for fast data upload/download, GSTR1 return filing and new reckon flexibilities including Tally's unique GSTR-1 Reckon and GSTR-3B Reckon features and risk identification and ledger creation on Input Tax Credit (ITC). All these features provide an integrated experience providing all the necessary support from 'bookkeeping to return filing'.