20 December 2017

How to shift your old Tally to new GST version Tally.ERP 9 Rel 6.2 onwads in 6 easy steps

If you have recently shifted your Tally company to newer version, then this article would help you to make your company GST ready in just few minutes. As your old company would be in 4.93 version of rel 5 version it would not be GST compliant, so when you would sift to new GST compliant rel 6.x then it would make certain changes in your company and you should know about these changes. You should be ready by this time on further steps to be taken. 


Step 1 : Setting GST No.
The moment you open your old company into new upgraded version say rel 6.2 it would ask you to take backup of your company and then start the conversion process. One thing which should be kept in mind is that the backup is in new version, so if you want an old copy intact than you should copy the data folder somewhere before proceeding ahead. Now say yes to Migrate your data and company is converted. Now you have to enable GST by going to F11-->  F3 and by putting the first option of 
Enable GST  to Yes. And then set alter GST Details should also be Yes. Now it would give you the option the enter your GST No. Here one interesting factor is that Tally would validate your GST No., if you put wrong one due to some mistake it would give you the warning.
Enable GST 
Enter your GST No.
Step 2 : Put all Party GST No. at one go.
The second step is to put the GST nos of all the parties in one go. Although you can modify each ledger master and enter the number one by one, but Tally give you one point location where all numbers can be updated. The shortcut command is DOG or Display --> StatutOry Reports --> GST
You would find option Update party GST no.

Update Party GSTIN
You would see screen like this where you have to define the country, State and type of registration and his GSTIN No. 
Enter Party GSTIN Nos.

If you don't remember all the party GSTIN then no need to worry, just update the one you have with you. Next time when you would come to this screen you would find the remaining ones only.

Step 3 : Update Unique Quantity Code (UQC)
Next step is the map your Unit of measure with Unique quantity code of GST. Here we have to map the units which we have defined with already existing code provided by GST Network.

Map UQC

Kg is equal to KGS
 Step 4 : Setup GST Rate of Items
Now you have to setup the rates and HSN code of each item. This work is very cumbersome if you have large no of items. But Tally ha provided you the ways to do it easily. If you can figure out items which has same GST Rate and same HSN Code then select those items and press Alt +S  you can now define the tax rate and their HSN code of all the selected items in one go. Select multiple items by pressing space bar. it would color it to dark green. You can un select by pressing the space bar again

Select Multiple Item by Pressing space bar

Set item GST Rate and HSN  Code
Step 5 : Define the GST Ledgers
As your old company would not be having GST ledgers, now it's time to define them. You need only 5 ledgers, namely, Sales ledger as Sales of Goods or Sales of Services, the Tax Ledgers namely Central Tax (CGST), State Tax (SGST) and Integrated Tax (IGST). Be sure that no tax rate should be defined in these ledgers. Generally we define the tax rate which would make GST working very difficult. We may be having a habit of defining tax ledgers like we you to do in VAT regime like sales 5 % , VAT 12.5% etc. Here we don't  need such ledgers.  

Example of Tax Ledgers
Step 6 : Make GST Sales Voucher
This is an optional step. It is suitable if you start GST billing with a new series. New series can be started by creating a new voucher type namely GST Sales. This voucher type would be sales type voucher which may have new series.  By doing this you can do entries upto 30 June in your normal sales voucher and after that it can be done in GST sales voucher. In case if you have to add some remaining bills before 30 June you can do.  
Goto  Account Info --> Voucher Type --> Create 
Create GST Sales Voucher 
Now your company is GST ready. Start making GST Entries. IF you have any queries in this process you can as them by commenting on this article. I would be pleased to help you.

Be GST Ready with ApniTally and Tally.ERP 9

22 June 2017

How to get Highest Compliance rating in GST and Maintain it in Easy Steps.

GST Compliance Rating, How to maintain it
What is a compliance rating in GST ? It is a rating provided by GSTN to each business on this basis of his behavior on the portal. It is based on many factors which includes your discipline in meeting the deadlines set by GSTN, furnishing minute details of invoice for credit utilized by you, payment of taxes etc and many more. To sum up which ever compliances are expected by the GSTN from you of them

how many are you fulfilling.   

The beauty of this rating is that even smallest businessman can get the highest rating as well as bigger business house may get lower rating. All depends on your dealings done on GSTN portal. 
One of the biggest reason of introduction of compliance rating in GST was to safeguard the businessmen from fraudulent practices. As your rating is visible to all the parties your are dealing with it would warn them whenever your regularity is disturbed. It would work both way. You too would get warning on reducing rating of your vendors. 

There is a fear among businessmen about maintenance of this rating. And that fear is that only business with enough resources can maintain his rating but his is not true. Everyone can maintain it. Here are some tips to maintain your rating to the highest.


Follow the Strict Discipline:


You should never miss any deadline of GSTN portal, you should be extra vigilant about it. For example the first deadline comes on every 10th of the month to upload your GSRT-1. This is most vital. After that the 15th and then the 20th of the same month. These should be never missed. 
To resolve this issue you can depute a dedicated person for this as you may not get time every time every month on these specific dates.


Proper Invoice matching:

This is another area which can reduce your rating. You should fill all details of your invoices which you have to upload in GSRT-1. The amount figure in invoice should exact match of all your invoices, All inventory details should be perfectly entered. Mismatch of invoices would decrease your rating.

Don't deal with lower rating Dealers:

Dealers who miss their deadlines would eventually decrease your rating too. As they would not file their taxes on time then your claim for input would also disrupt and it would decrease your rating. As it is clear in GST that you would get your claim only when your seller has paid tax, if he misses then your claims would also go false,  which would decrease your rating.

Use proper GST compliant software:

This could be your weakest link. GST compliant software is a must. You should opt for that software who can do matching for you, who can help you prepare error free returns for you. Even if you make errors it should be able to rectify them before final submission. It should assist you in paying your taxes too. 
GSTN portal has one more link which is of GSP, i.e. GST Suvidha Provider. Initially GSTN portal would give you a utility to validate your data but later on you would need a GSP would would filter your data before sending it to GSTN portal. So your application software (ASP) should be well harmonized with your GSP.   It should seamlessly connect with GSTN portal. 

Buy Tally Online backed by ApniTally supportTally is one such software which is fully GST compliant as well as Tally solutions are GSP. So if your application software is Tally then being GSP you can seamlessly get connected with GSTN portal. 
Another reason one should go for Tally is that it's trained manpower can be found easily.

All the readers of ApniTally can get Tally software Online through Debit card or Credit card which is backed by ApniTally it self in support. Our team would help you in installing and providing you much needed GST training for filling your GST returns through Tally. 

20 June 2017

How to be ready for GST : Step by Step guide

GST is round the corner and all the traders are having their fingers crossed for what would happen to their business what rules would come and how invoicing would be done etc etc etc. While some people are ready for GSt but some have still doubts on what to do and how we can be GST ready.
Ignorance can lead to pay heavy price,so it it better to be prepared before hand.

Here is the step by step guide to be GST ready.

1. Get Complete your working for Closing Stock for the period 31.3.2017 / 30.6.2017 before GST Implementation date.

2. Allocate your such stock into quantitative mode.

3. Get the A/c Statement from your Suppliers / Creditors for the year ended 31/3/2017 & compiled them from your books.

4. Rectify *Mismatch Reports of Purchases *, if persists .

5. Revise your Vat Returns if point no.4 applies to you.

6. Make strict follow-up to Collect all the C forms/H Form/ I forms.

7. Get your Books Finalise for FY 2016-17

8. Make a separate file of those items which are shown in your Unsold stock as on 30.6.2017 e.g. Purchase Bills/ Bill of Entry/ Excise Paying Documents etc.

9. Stock ageing be made to ascertain if any stock is more than 1yr old. If yes then dispose it off immediately or sell it to your sister concern against Tax Invoice locally.

10. Classify stock tax rate wise, purchased locally to get ITC into SGST.

11. Classify stock purchased on invoices bearing Duty Payment & non duty payments to get ITC transferred to CGST.

12. Inform your GSTIN / ARN to all suppliers of Goods & Services.

13. Obtain GSTIN of all Suppliers & Buyers.

14. Apply for migration in all states if you have centralized registration under Service Tax.

15. Train your accountants for GST accounting and returns formats.

16. Make Chart of HSN CODES & GST Rates on your goods & services to be purchased & Sold.

17. Check whether any stock of one year old is lying with you .

18. Analyse P and L and see which expenses are liable to RCM.

19. Be in regular touch with your GST Consultant .

20. Kindly Place the order to your printer for * Draft Format *of Tax Invoice/ Bill of Supply/ Debit - Credit Note etc  ( as applicable to your business )

21. If you are planning to generate , invoices through any Software , do align with Software Consulting firm. ApniTally can provide you all help in procuring Tally and smooth migration to GST. You can Buy Online and ApniTally would provide you all support.
Buy GST Ready Tally

22. And Get approved the Draft ( pt no. 20-21) from your GST Expert.

23. Use  only original Software for Accounting & Invoicing purposes. Tally is your best bet in GST as Tally is also a GST suvidha provider.

24. Pl pay special attentions for any Calls, mails , messages or communication of your GST Consultant/ Department.

25. Make a practice to Upload your Sales / purchases on regular basis at GST Portal

26. GST / Interest/ penalty or any levy may be paid through RTGS/ NEFT/ Debit Card/ Credit Card Etc.

27. Due Dates for uploading of Returns :

GSTR 1  : 10th of Next Month
GSTR 2  :        15th of Next Month
GSTR 3. :        20th of Next Month

* ( For Regular Dealer ) *
GSTR 4. :        18th of Next Quarter       * ( Composite Dealers ) *
GSTR 5  :        20th of Next Month  * ( For Non Resident )*
GSTR 6  :       13th of Next Month          * (Input Service Distributors)*
GSTR 7. :       10th of Next Month          * ( For TDS Returns )*
GSTR 8. :       10th of Next Month          * ( E-Commerce Operators )*
GSTR 9.  :      31st December of Next F.Y.

*(Registered Taxable Person)*

28. Penalty Provisions for non submission of GST returns : Rs 100/- per day but subject to max. Rs.5000/- in each acts.

29. Penalty Provisions for non submission of Annual Return is 0.25% of Annual Turnover .

30. Please Final the terms & remuneration of your GST Service provider before GST Implementation Date .

31. Option of revising the return is not available in GST Regime but you can modify your uploaded data by Debit & Credit Notes.

32. Every Normal Dealer filing GSTR 1 -3 required to submit Annual Return in GSTR 9 by the due date .

33. Late filing would be permitted on payment of late fees only. Hence late filing of return will not be possible without payment of fees.

34. A return furnished without payment of full tax due as per such return shall not be treated as a valid return for allowing input tax credit in respect of supplies made by such person.

35. Input tax credit is eligible only after filing a valid GST return.

Here is a small preview How thing would be done in Tally.


17 March 2017

Planning to Buy Tally.ERP 9 ? Buy online now before price rise and get free upgrade to GST

Buy Tally OnlineGST is around the corner. It would be implemented from July 1, 2017. The preparation from Govt. agencies and GSTN are in full swing. Smart businessmen have already started planning for GST. Upgrading to digital invoicing is needed for GST so up gradation  of accounting software is a must. Those businessmen who are using software for invoicing and inventory management are updating their software and those who were doing manual billing has to move to some sort of software. If you are the one who is planning to move towards digital invoicing then this is the right time, Why ?

Here is the answer
As we all know that in GST Item level invoicing via a software is a must because it has to be uploaded to GSTN portal so some software who can do it is necessary. Which software it would be, that is a million dollor question for those who are doing manual work (although who are doing it in Tally has not to face too much dilemma) . In GST all you need a software who can perform these three tasks

1. Invoice matching
2. 100% error free return filing
3. Smooth interaction with GSTN portal.

Any software which cannot perform any one of the above task is not fit for GST. Tally with its current version of ERP 9 and latest release of 5.4 onward is capable to do all these tasks. More over Tally is GSP (GST Service Provider) also the interaction with GSTN portal is going to be smooth. So if you want to go the digital invoicing then Tally.ERP 9 is your Best bet in your preparedness for GST.   

Upgrade to Tally.ERP 9 Now
As we have discussed that Tally.ERP 9 is a natural choice for getting ready for GST. It is not only because Tally is already choice of 1 million customers but also because it has achieved the milestones of GST compliance well before arrival of GST. 
Buy Tally Online
Buy Tally Online
Many a businessmen say that when GST would arrive then would think after that but let me tell you that preparation before hand would save you money as well as efforts. So if you have any plans to buy software then this is the right time. Buy now, practice on Tally, practice you return filing habits on monthly basis right from now, record your itemized inventory now , prepare your closing stock as soon as possible before GST and be ready to claim your input tax credit and save money.

If this is not the reason good enough then another reason is that if you buy now then you can cave on cost too. According to Tally communication they are revising their rates from April 1, 2017. The rise is about 17.5% of current price so it is a wise decision to buy it before March 31st, 2017 and save on cost.

You can buy it online too
Now you can buy your Tally online with ApniTally as your support partner. Just click on the link and fill the necessary details and get your copy of Tally online. Any Debit card or credit card can do this for you.
So Buy now download the software and give us a call at 9896010551 for help between working hrs (9:00 am to 5:00 pm)