Tally Prime Release 4.1 - The Best Your Business Can Get

As of March, 2024, TallyPrime 4.1 is the latest version.

TallyPrime 4.1 has two different versions:TallyPrime 4.1 Edit Log and TallyPrime 4.1.

The former has an edit log that cannot be turned off, and the latter has an edit log that can be enabled or disabled as per user convenience. This is the only difference between the two versions.

TallyPrime 4.1 Edit Log and TallyPrime 4.1 versions come with the following features -

MSME Feature (Micro, Small & Medium Enterprises.)

The new MSME feature helps small businesses and those dealing with them easily figure out if a business is classified as an MSME and keep track of any unpaid bills.

Additionally, buyers from small businesses can swiftly submit their Form MSME 1, providing all necessary information about overdue payments.

For Registered MSME Businesses:

  1. Manage UDYAM Registration details, make changes, and track alterations with dates.

  2. Easily track due payments and send reminders for timely payments.

For Businesses trading with MSMEs:
  1. Set up suppliers' MSME status.

  2. Pay bills from MSMEs before the due date.

  3. Quickly access info on overdue payments and report if needed.

  4. Review all unpaid bills to understand income tax deductions.

E-Commerce Summary Report

For businesses selling online through platforms like Amazon, Myntra, and Flipkart, TallyPrime Release 4.1 now offers an e-Commerce Summary Report in GSTR-1.

This report breaks down taxable values and taxes (IGST, CGST, SGST, and Cess) and provides GSTIN-wise sales data for each e-Commerce operator.

Create different dashboards for different purpose, organise tiles as per your preferences, and save the views.

It simplifies entering the necessary details on the GST portal.

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