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