Tally Solutions launches Release 5.5

Tally Solutions has announced the rollout of Release 5.5, the latest version of the Release 5 series from its Tally.ERP9 suites, in the states of Chhattisgarh, Himachal Pradesh, Jharkhand and Uttarakhand.

With the GST now likely to be implemented on 1st July, the entire country has a clearer timeline to gear up for the biggest change in the indirect tax structure. Through GST, the Government intends to bring about greater transparency in business transactions and simplify compliance needs. Tally.ERP9 Release 5.5 aims to help businesses ensure that their transactions are correct and complete through the powerful concept of triangulation and with it Tally Solutions will help prepare businesses across the country for the GST regime.

Tejas Goenka, Executive Director, Tally Solutions, says, “With Release 5.5, we welcome Chhattisgarh, Himachal Pradesh, Jharkhand and Uttarakhand into the simpler compliance fold. Release 5 is already helping majority of the states in the country to comply with the present-day taxes in an effective manner and also preparing them for GST as it is fundamentally based on the principle of 100% accurate transactions and tax returns being a true reflection of books of accounts. This release along with our blog (blogs.tallysolutions.com), App (Tally for GST App) and all the on-ground events that we are undertaking are aimed at ensuring that we reach out to every single business in the country in the next six months before GST is implemented, educate and prepare them for the new law so that they can transition smoothly into the new tax regime and comply, as required.”

The Tally.ERP9 Release 5 series has been designed to empower businesses to be fully tax compliant, ensuring that tax returns reflect the books of accounts accurately. This helps businesses with simpler, easier and quicker compliance.

The VAT capabilities in Release 5 are being launched in an incremental manner across India. In line with its preceding versions, Release 5.5 is also aimed at supporting businesses with a comprehensive compliance solution for the geographies mentioned above, and provides the latest VAT capabilities. In this regard, Release 5.5 includes all the features present in the releases before it. Additionally, users of Release 5 Series also stand to benefit from the performance enhancement features incorporated in central taxation capabilities (Excise, Service Tax and TDS) which are applicable across the country.

Since its release in July 2015, Release 5 series has already been made available in 20 Indian states and union territories.

With Tally ERP.9 Release 5, Tally Solutions has taken a major leap in terms of innovation and reinforced its commitment to customers and partners to deliver greater value.

Some of the key highlights of the release include:

·         Tally.ERP 9 Release 5 supports users to remain compliant towards VAT, Service Tax ,Excise , TDS and TCS, in the most simplest and efficient manner

·         Tally.ERP 9 Release 5’s on-demand synchronization capabilities will help organizations to conveniently exchange business information independently and reliably, across multiple branch locations.

·         Release 5 comes with a seamless product upgrade facility, which allows users to easily upgrade to the current version from all the previous versions.

·         Users will get personalized product updates relevant to their geography and usage. This greatly reduces the update size and thus enhances the update experience.

·         The new version will occupy significantly less memory space, thus optimizing system performance.