The deadline to file GSTR-9 is extended! And there is a sigh of relief for both, CAs and business owners. It’s the intricacies of GSTR-9 form, which is making it cumbersome for businesses to meet the deadline.
Now, you can file GSTR-9 and GSTR-9C till 31st December 2019 for the financial year 2017-18 and 31st March 2020 for the FY 2018-19. And, TallyERP.9 software has come up with the latest ERP 9 download option to make things less cumbersome. Let’s read more about the benefits of Tally download in filing GSTR-9.
Tally ERP 9 GST Free Download for PC
Source: RTS Professional Studies
The Latest Updates Around Filing GSTR-9 & Tally ERP 9 Download Can Help:
Composition taxpayers are excluded from filing GSTR-9A for the FY 2017-18 and 2018-19. GSTR-9 filing is optional for businesses, whose turnover is less than 2 crores during the last two financial years.
The 6 Biggest Challenges in Filing GSTR-9 (Without Tally ERP 9 Software Download)
- Input Tax Credit Mismatch
- Claimed Input Tax Credit Undated on GSTR-2A
- Details Auto Populated in GSTR-9
- Lack of Clarity Over Details Required in Table 4F
- Mistakes in the Payment of RCM and Placing Credit Claim
- Mandatory Declaration of HSN Summary
Input Tax Credit Mismatch
There is a mismatch between the auto-populated input tax credit in the table-8A of the GSTR-9 form, and the same appearing in the auto-generated GSTR-2A return.
Claimed Input Tax Credit Undated on GSTR-2A
Several taxpayers have complained about some of their input tax credits not reflecting on the form GSTR-2A.
Details Auto Populated in GSTR-9
Details are summed up from GSTR-1 and GSTR-3B forms to be auto-populated on GSTR-9. This leaves little space for business owners to manually update figures from their book of accounts.
Suggested Read: How to File GSTR 1 Using Tally.ERP 9 – A Step By Step Guide
Lack of Clarity Over Details Required in Table 4F
Here, you have to disclose the advances on which the invoices have not been issued but tax has been paid. Firstly, you have to source data from table 11(B) of the GSTR-1 returns and also consider adjustments done annually.
Mistakes in the Payment of RCM and Placing Credit Claim
GSTR-9 form takes the total of RCM from GSTR-3B and doesn’t include RCM liability or the available credit as per the annual return.
Suggested Read: How to file GSTR-3B Online – Step by Step Guide
Mandatory Declaration of HSN Summary
HSN details have to be disclosed for both, inward and outward supplies. However, many taxpayers have not maintained this data consistently.
How Tally ERP 9 Download for the Latest Release 6.5.4 Makes GSTR-9 Filing Easier
- GST CMP-08 Report
- GST Compliance
- E-way Bill Details
- Automatic Invoice Round Off
- Generate E-Way Bill with Tally ERP 9 Free Download
- Account Invoice Mode to Record Fixed Asset Purchases
Tally ERP 9 Download for the latest Release 6.5.4 will make GSTR-9 filing much easier for you. Here are the benefits of Tally ERP 9 software download for every CA and business owner.
Tally.ERP 9 Release 6.5.4 which was launched on August 2019 is available for download. You can either go for the Tally ERP 9 educational version free download or get its license to make GSTR-9 filing much simpler.
The latest version comes with some of the extremely useful features, such as, GST transactional information. This helps in removing any obstacle in filing GSTR-9.
GST CMP-08 Report
The latest version of Tally ERP 9 generates GST CMP-08 report, which includes all details related to inward and outward supplies.
Tally.ERP 9 Release 6.5.4 can generate GSTR-2 in JSON directly. JSON is the authorized format for the GSTN portal.
E-way Bill Details
With Tally ERP 9 GST free download, distance will be pre-filled on the E-way bill screen. This will be done based on the details of your previous transactions.
Automatic Invoice Round Off
Simply by selecting Invoice Rounding as a ledger type, it will give the difference value and round off ledger.
Generate E-Way Bill with Tally ERP 9 Free Download
Tally ERP 9automatically captures all important details to generate E-Way Bill.
Account Invoice Mode to Record Fixed Asset Purchases
It provides the account invoice mode to record fixed asset purchases. This is an advancement to the current voucher mode.
Tally ERP 9 Download for PC
With Tally.ERP 9 new version Release 6.5.4, you don’t need to worry about the challenges of filing GSTR-9 returns anymore. It can simplify the complex process of GSTR-9 filing with its upgraded capabilities.
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