You can now calculate TCS depending on your type of business practice - TCS on either realisation/receipt of the invoice or accrual. You can also switch from one method to the other in transactions and party ledgers.
There are some exemptions to the deduction of TDS. For example, some parties make TDS payments at the time of the current transaction itself. Such parties can be exempted from the TDS set TDS deduction while recording the transaction.
For government listed buyers, in Tally, you can set such parties as exempted from TCS and calculate the tax component as per appropriation.
You can now generate Form 27EQ for TCS.
Ledgers can now be made without the PAN details. You can check the list of buyers as well as update the required details in the party ledger.
You can now configure TCS in sales ledger or stock item this helps you set the TCS for a stock item and thus you do not need to update the TCS for every transaction.
In this version, the E-invoice Sandbox experience has been introduced. It will help you -
Get familiar with how e-invoicing works on the live IRP.
Create E-invoice and voucher simultaneously
Create, cancel, alter and get E-invoices in bulk
Experience e-Invoicing without any impact on your GST Returns.
All these Sandbox features can be experienced with an expired TSS or in Educational Mode
Other than these various product improvements have been done to improve user experience.
IFF filing is now supported in Tally by providing option for section-wise export of GSTR-1.
TallyPrime supports VAT for Oman. You can now enable VAT, set registration details, set tax rates, make duty masters, implement VAT in transaction details n TallyPrime for Oman VAT.
Issue of Printing logo on simple invoice format has been resolved. In some options, logo was not being printed.
Change display settings to Bright or soft as desired.
The issue of transporter name not being printed in the E-way bill when generated from the portal has been solved.
In E-invoicing process, after verifying the e-invoice using the acknowledgement number, the product description was showing blank this issue has been resolved.
E-invoices were being rejected by the E-invoice system when UoMs with 4 decimal points were being rounded off for a few stock items. This also has been solved.
Issue of missing bill wise reports when printing the ledger voucher’s report in the condensed format has been resolved.
Appearance of Any@0% in sales transaction of TCS category has been solved. Even the rate printed in some cases was showing incorrect numbers. This also has been solved.
Bank reconciliation statement for Kotak Mahindra Bank, showed MAV error while using the ‘Reconcile all unlinked’ feature after import of a bank statement. This is resolved now.
Cheques can now be printed in vertical centre mode.
Voucher total have not been matching after saving a contra voucher from bank statement. This issue is solved now.
You can now export payment instructions file in encrypted format by uploading the files on Bank of Baroda portal.
E--payments for Yes Bank - You can select Delimited - Corporate Net Banking option along with fixed Width - Corporate Net Banking format in the E-payment configuratIon screen.
Tally Prime release 1.1 has introduced E-invoicing and E-way bill generation as well as E-payments and some product improvements.
Simple, easy to enable E-invoice from a specific date.
Generate single or in bulk E-invoices along with E-way bills for user convenience.
IRN, QR code can be generated in a simple 1 click process.
On can also carry-out offline E-invoice generation if required.
E-invoice reports are available to check the status of and track E-invoice.
Alter or cancel e-invoice as per your need.
E-payments have been simplified to manage offline payment instructions.
For first time bulk E-payment users, you need to contact your relationship manager to activate it for your account
Once activated, you can turn on E-payments in Tallyprime by selecting the bank name in bank ledger.
Completed E-payment transactions can be exported from voucher level or e-payments report.
E-payement support is provided for the following banks - YES Bank (India), Bank of Baroda (India), DBS Bank (India), ICICI Bank (India), Tokyo & Mitsubishi (India), Kotak Mahindra Bank (India), Standard Chartered Bank (India), Standard Chartered Bank (UAE), Citi Bank (India), and HDFC Bank (India).
In Part Master created for consignee you can now add consignee contact details.
Few issues have been resolved relating to serial number listing in both duty ledgers and service ledgers.
In Sales Invoice, company details banks Swift code can now be included.
Bank details can now be added in debit and credit note.
ODBC now allows to export HSN codes, Party GSTIN, company GSTIN, bank details such as favouring name, transaction type, accounts number, IFSC code to an MS Excel file.
Provision is also made to export alias names as well as stock itEm name while exporting through ODBC.
You can now print the account holder’s name in the sales invoice.
Get the exact number of copies and type of copy by specifying it while exporting vouchers.
Incorrect error message - 'Error in TDL’ part: EXPINV Top left, insufficient height to allocate! was appearing. This has been fixed.
Search Bar - Use ‘Go To’ search bar to search any report or screen in Tally.
Easy usage - Tally remembers your password for you.
Optimize Invoice - Optimize your invoice and remove all unwanted space. Save printing costs and paper.
Chart of Accounts - Access all masters from the ‘Chart of Accounts’ option.
Mark details as permanent - Mark often used fields as permanent.
Admin rights - Get rights to stop a user session
F1 Help - It gives you access to system related information and much more.
Simplified Installation process
Clutter-free screen space - Bottom of Tally screen is now cleared for clutter-free screen space.
To improve the on-boarding experience of Tally Browser Reports, new browser setup is added along with seamless configuration and new options for security and control.
New Union Territory of ‘Dadra and Nagar Haveli and Daman and Diu’ has been added
In voucher entry, you can now mark invoices as ‘Supplies’ under section 7 of IGST to ensure they can be exported during the time of GSTR1 return filing.
Wrong value in the calculated interest appearing in the bill-wise view of Group Outstanding Report under Interest Calculation has been fixed.
In the invoice printout, the primary and secondary unit of stock has now been printed in the total section of Alternative units.
In Accounting Invoice mode, the Voucher number was being printed instead of Supplier Invoice No. in Conformation of Accounts Reports for purchase transactions. This has been resolved.
When a user, with no access to create or alter invoices, opens the invoice in the display mode for e-mailing, the e-mail Id of the party was not showing in the ‘To E-mail Address’ field of Voucher E-mail screen. This bug has been fixed.
Earlier, in the Payment Voucher, there was no provision to print the reference no. and date recorded. This provision is now available.
After enabling the option to Print Company Logo, the reference no. in the Journal Voucher was not being printed. This issue has been fixed.
When you copy receipt note from one company to other, it is created as a payment voucher instead of Receipt note. This is fixed.
The issue of displaying all details of all batches of stock item when selecting a particular batch in the detailed mode of godown summary report has been fixed.
You can now download and vouchers while viewing reports from the browser. These reports will be downloaded in MS Excel format.
Accounts & Inventory
In the sales order, when the due date is set lower than the voucher date, a warning is displayed.
In the trial balance report, on clicking F7 - vouchers button, a blank page was shown, this issue has been fixed.
In the Group Budget Screen, while creating Budgets for Accounting Groups, the wrongly named column title ‘Account Name’ has been changed to ‘Group Name’.
GST
Provision is made in Tally generated invoice to print invoice title as Tax invoice when sale is done with a registered dealer and even with an unregistered dealer in case of an Invoice-cum-Bill-of-Supply
Any purchase from URD of value less than Rs. 5000 was appearing in GSTR-3B against From a Supplier under Composition Scheme, Exempt and Nil Rated Supply under Section 5. However, the transaction was not found in the Voucher Register Level. This was occurring when the option Enable Tax Liability on Reverse Charge (Purchase from an unregistered dealer) was set to ‘No’. This issue has been resolved
The purchase values appearing against Inward Supplies (liable to reverse charge) in GSTR-3B does not match with values shown in Voucher Register Level. This occurred when-
This issue has been resolved.
