The latest version under Tally.ERP 9 Release 6 series is Release 6.1.1, which was launched on
9th October, 2017.
Tally.ERP 9 Release 6.1.1 incorporates key points from the most recent GST Council meeting.
As per the law:
Reverse charge mechanism under section 9(4) of CGST / section 5(4) of IGST Act suspended till 31.03.2018.
By default, Release 6.1.1 does not consider reverse charges liabilities into the returns. Use Enable tax liability on reverse charge under F11: Statutory & Taxation to consider reverse charge liability.
No need to pay GST at the time of receipt of advances on sale of goods for taxpayers with turnover up to Rs. 1.5 Cr.
By default, Release 6.1.1 does not consider taxes on advances received. For businesses with more than Rs. 1.5 Cr aggregate turnover, use Enable Tax liability on advance receipts under F11: Statutory & Taxation to consider tax on advances received.
Watch this video to learn how to quickly upgrade to Release 6.1.1
With Release 6.1.1, you can look forward to:
Better GST billing experience
Specify the discount value for each item in the invoice, and the discount value is considered as part of the assessable value of an item.
Cash sales are considered as local sales by default now. Cash transactions will be much faster and error free.
Improved GSTIN validation
Tally.ERP 9 validates the party GSTIN (as required by the GSTN portal) when you create a party or export GSTR-1. This helps avoid invoice rejection on the GSTN portal due to incorrect party GSTIN.
Deeper GST insights for outward supplies
Do more with your GSTR-1 report. The Return Format view gives you the list of tables in the GSTR-1 return, and this is similar to the view in the offline tool. Drill down from each line to view a replica of what will appear in the GSTN portal. The Summary view gives you a nature of transaction-wise view, with an option to detail it out rate-wise for further analysis.
Better control of round-off mismatches
We have introduced an option in F12: Configure to define the band for round-off limit for mismatches. With this, you can choose to ignore mismatches in tax calculation that occur due to minor round-off differences, up to a specific amount. Fewer mismatches to resolve means lesser work.
Enhanced GSTR-1 export capabilities
If you are using compound units of measurement in Tally.ERP 9, you will be happy to know that you can now map UQC to either unit of measurement. Therefore you will have a more accurate HSN summary in your GSTR-1 e-Return.
Option to enable or disable HSN Summary to choose if you want to export or ignore the HSN Summary for GSTR-1 filing.
Option to view the HSN Summary by HSN, or description, or both as per business needs.
Now the docs sheet is also filled in the exported MS Excel to give you a complete GSTR-1 e-filing experience.
Watch this video to learn how to file GSTR-1 using Tally.ERP 9 Release 6.1.1
Read our Release Notes to know about other improvements in this release.
Shoper 9 is an one-stop software to manage all your retail needs. Shoper 9, trusted by several brands across geographies, provides to you high level business capabilities suited to meet your day-to-day transactional and analytical business needs.
If you are dealing with a lot of vendors and several GSTIN numbers, use the Import Party GSTIN add-on to import all the GSTINs in one shot from Microsoft Excel. This tool is useful if you have consolidated all your party GSTINs into one MS Excel file. You can carry out this import in this sequence:
Export the Update Party GSTIN report from Tally.ERP 9 Release 6. This will give you the format required for the import
Update the GSTINs in this MS Excel file
Import into Tally.ERP 9 using the Import Party GSTIN option
Click here for detailed help about this useful add-on.