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Learn how to use your existing software to be GST-compliant. Updated on Feb 16, – Tally ERP 9 is one of the most popular accounting software used by businesses in India.
This handy software is very helpful for large businesses that issue hundreds of invoices and have to be tax-compliant at all times. The applications in this software help in managing accounting, point of sales, finance, payroll and branch management.
Tally is a well-known accounting software, but since the tax laws in the country have changed post-GSTcompanies need to upgrade their accounting software and be GST-compliant. If you are still using the old version of Tally, an upgrade might be required for your business to become GST-ready.
While we at ClearTax do not support software piracy in any manner, we also understand that many user download the crack or free version of this software in order to save costs.
While this may be a good idea in the short term, the long-term implications of such a move leaves a lot to be desired. To be fair, the crack or free version of Tally ERP 9 has most of the utilities that the normal software is known for, but it comes with its own set of pros and cons and it would do you good to be aware of these issues before you decide to use Tally ERP 9 crack or free version as your official accounting software. If you are thinking of downloading the crack version of Tally ERP 9, do consider the following: There is no support for data crashes One of the major drawbacks of purchasing any free software is that it does not come with the kind of software support that a licensed version will have.
With Tally ERP 9 crack, too, you will never see any support in case of data crashes since the free version will only store your data on your system, and not on the cloud. No tech support for software issues Apart from data crashes, if you face any problems with the software itself, the lack of round-the-clock tech support may also be a hinderance in the course of business.
Limited access The licensed version of Tally ERP 9 is cloud-based and can be used from anywhere, whereas the free or crack version has limited access and can be used only from your office systems.
Also, only a limited number of users can work on it at any given point of time. This may be a problem for small businesses in the bootstrapped phase who do not have their own servers.
Though there are some inconveniences to using the free version of Tally for your accounting, it does not mean that you cannot utilise the same for work. If your business uses Tally for its accounting needs, and you are on the lookout for a GST-compliant software for your invoicing and return filing needs, look no further.
You can import the data stored on your Tally account to ClearTax through two routes: Export all your sales data and purchase data into excel files from tally. You need to just download the API Utility. Once implemented, it will be reflected under Utilities as ClearTax integration.
This pain point is even more critical under GST — where the input tax credits that a business can claim are dependent on the accuracy and timeliness of its ecosystem. A small business can work real-time with its tax expert on preparation or filing. A large enterprise can work real-time with its network of vendors and dealers on its tax preparation and filing. A tax-preparation firm can work with its clients real-time to help them claim input tax credits.
This way, we make the software simplify for the user, the hardest and the long-lasting pain point of GST — reconciliation for accurate tax credits. Our software works both offline and online and can be used in ClearTax Enterprise solution helps such companies to create GST compliant invoices without upgrading such legacy systems.
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