Categories: Accounting

Tally ERP 9 Release 6.2 For Easy GSTR-2 Filing – Download

As soon as the GSTR-1 filing related activities got over, the process for GSTR-2 filing started. As the deadline of November 30, 2017 is coming closer, both business owners and GSTPs are working under immense pressure to get their numbers right.

Challenges Involved in Filing GSTR-2

For each invoice, a GSTP (Goods and Service Tax Practitioner) has to mention inward supplies and the CGST/SGST/IGST tax amount that has been claimed as Input Tax Credit. The GSTP has to do this on behalf of the client. Other challenges with GSTR-2 filing are:

  • Both, the buyer and the GSTP have to check for correctness of invoice entries made by suppliers manually. They   have to go through each line before accepting the invoices
  • Suppliers may forget about to upload some invoices or report about them, if necessary
  • Suppliers may under or over-report the invoices. Moreover, the GSTP and the buying dealer may find it difficult to arrive at an agreement with the supplier

Some invoices, which are already uploaded by the seller, may fail to reflect in GSTR-2A.

To ensure that your GSTR-2 return gets approved in the GSTN portal, Tally ERP 9 has come up with the latest version under Release 6. Tally ERP 9 Release 6.2 was recently launched on October 29, 2017. It is designed to be beneficial for both, GSTPs and business owners.

What is Tally ERP 9 Release 6.2?

Packed with advanced capabilities, Tally.ERP 9 latest version Release 6.2 can make the process of invoice matching simpler and ensure easy filing of GSTR-2. The latest version under the Release 6 series of Tally.ERP 9 also provides the flexibility to consider missing purchase invoices. Thus, users of this software can claim Input Tax Credit in a rightful manner.

Advanced Capabilities of Tally.ERP9 Release 6.2

Tally.ERP 9 latest version Release 6.2 is an all-inclusive solution for GSTR-2 filing. It simplifies the invoice matching process and ensures GST compliance. Other noteworthy capabilities of Tally.ERP 9 new version Release 6.2 are:

1. GST Compliance

Tally.ERP 9 Release 6.2 can generate GSTR-2 in JSON directly. JSON is the authorized format for the GSTN portal.

2. Easy Reconciliation

You just need to download GSTR-2 from GSTN portal, and open it in Tally.ERP 9 Release 6.2. Further, if you have to update the reconciliation of invoice status, you just need to select ‘Yes’ and the status of all matching invoices will get approved instantly.

Remaining invoices can be modified and rejected from a single screen. This can help business owners and GSTPs in doing GSTR-2 filing conveniently.

3. Adding Invoices Which Are Unavailable in GSTR-2

With latest version of Tally.ERP 9 Release 6.2, you will not miss out on your rightful Input Tax Credit. You can easily add missing purchases, import invoices and reverse chargeable services, which are otherwise not available in the GSTR-2 that is downloaded directly from the GSTN portal. This way, you can claim Input Tax Credit more confidently.

4. Simplified Invoice Matching

GSTINs of suppliers can be filtered on the basis of the number of invoices, invoice value and taxable value to get different overviews. These overviews can be used by GSTPs and business owners to speed up the invoice matching process.

5. Upgrading Books with Changed Invoices

Latest version of Tally ERP 9 Release 6.2 can mark all changed invoices. GSTPs can then export this data as an XML file to their clients, who can update books immediately after the completion. Those business owners who are on Release 6.2 can easily import the XML file for updating books.

6. Prompt Action Against Discrepant Invoices

GSTPs can send reports of mismatched, missing, under and over-rated invoices to their clients via emails. At the same time, business owners can keep their suppliers updated about discrepancies. Accordingly, both parties can take immediate steps to resolve inconsistencies.

7. Generating GSTR-1 in JSON

GSTPs can directly generate GSTR-1 and upload it on the GSTN portal in JSON format. They don’t need to use the offline utility tool anymore for this task.

With Tally.ERP 9 new version Release 6.2, you don’t need to worry about the challenges of filing GSTR-2 returns anymore. It can simplify the complex process of GSTR-2 return with its upgraded capabilities.

Kalpana Arya

Kalpana Arya is a passionately vociferous writer who eats, drinks and sleeps words. A self-confessed tea-lover, she loves to travel and explore new vistas. Her vices include online shopping, wearing fashionable clothing at the risk of being frozen half to death and chatting about random stuff. She’s a published writer whose articles have found home at Tweak Your Biz and iamwire.

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Kalpana Arya
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