Tally News

How is GST Different from Current Tax Structure

Posted on by Tally Academy

GST (Goods & Service Tax), a single unified tax system aims at uniting India’s complex taxation structure to a ‘One Nation- One Tax’ regime. It is the biggest tax reform since India’s independence.

What does this mean? What will be its impact?

GST proposes to remove the geographical barriers for trading, and transform the entire nation to ‘One Common Market Place’.

Let us understand the fundamentals of GST, it is a dual concept tax system. Under this system, tax is administered, collected, and shared by both the Centre and the State governments, based on the nature of transaction (within the state or interstate).

The tax components of GST 

 

While we now know the tax components of GST, it is equally important for you to know the taxes existing in the current regime, and how they are subsumed under GST.

Current Indirect Tax structure

Current Tax structure Vs GST

 

Taxes subsumed under GST

Get 40% off on Upgrade to Tally.ERP 9 Release 5.4

Posted on by Tally Academy

Great way to prepare for GST

Get 40% off on upgarade to Tally.ERP 9 Release 5.4

All you need to do is upgrade to Tally.ERP 9 Release 5.4 and Tally will take care of your compliance – now and during GST!

Upgrade Type

 Actual Price You Pay You Save
Tally 6.3/7.2 Silver to Tally.ERP 9 Silver   7,200   4,320 2,880 Upgrade now
Tally 6.3/7.2 Gold to Tally.ERP 9 Gold 21,600 12,960 8,640 Upgrade now
Tally 8.1/9 Silver to Tally.ERP 9 Silver   3,600   2,160 1,440 Upgrade now
Tally 8.1/9 Gold to Tally.ERP 9 Gold 10,800   6,480 4,320 Upgrade now

Tally now partners with ICICI Foundation

Posted on by Tally Academy

Bangalore, Nov 6 (IBNS): Business man management software company Tally Solutions Pvt. Ltd has recently entered into collaboration with the ICICI Foundation to offer skill development programmes for the youth across the country.

 

As part of this tie-up, Tally has joined hands with the ICICI Foundation in their effort to help the rural youth across India find a sustainable livelihood.
The initiative partnered by Tally focuses on expanding employment opportunities by imparting vocational skills to youth.

The foundation plans to train around 15,000 youth across the country by the year 2016.

As their technology partner, the initial phase will witness Tally Solutions offering a 12-week course on office automation.

Commenting on the collaboration, Shoaib Ahmed, President, Tally Solutions said, “Employability is one of the biggest challenges our country has been grappling with. With this partnership, we are confident that we would be able to address the skill gap and create an ecosystem of employment ready professionals and thereby foster the inclusive growth of the country.”

 

Source : http://www.indiablooms.com/BusinessDetailsPage/2013/businessDetails061113e.php

Tally Awards & recognition

Posted on by Tally Academy

Recognition of Tally’s Excellence

 

 Tally honoured with two ‘2013 Frost & Sullivan India ICT Awards’ – 16th May, 2013

The Award ceremony recognizing the outstanding achievements in the ICT sector, was organized by Frost and Sullivan India on Thursday, May 16th, 2013 at Le Meridien, New Delhi. Mr. Shoaib Ahmed, President, Tally Solutions accepted both the awards:

  • Tally.ERP 9 – ‘ERP Application of the Year in the SMB Sector’ 
  • Shoper 9 – ‘Emerging IT Application of the Year in the Retail Sector’
  

 ET Now conferrs Retail Leadership Award on Shoaib Ahmed – 13th Feb, 2013

Shoaib Ahmed was conferred the ‘Retail Leadership Award’ in the individual category at the – ‘ET Now – Retail Excellence Awards’. He was nominated for the award by his peers from the Retail industry in recognition of his professional efforts.

  

 Cell IT conferrs Lifetime Achievement Award on Bharat Goenka – 9th Dec, 2012

One more proud moment for Tally! Cell IT Channel Awards hailed Mr Bharat Goenka with a Life Time Achievement Award for his contribution to the Indian Software Industry.

  

Tally receives prestigious ‘Samman Patra’

Mr. Ram Prakash Lakshminarayana receiving the ‘Samman Patra’ from the Central Excise and Service Tax Department on the occasion of Central Excise Day, 24th Feb 2012.

Tally was honored as a tax payer who has registered a significant increase in tax payment in 2010-11.

  

NASSCOM conferrs Lifetime Achievement Award on Bharat Goenka – 9th Nov, 2011

The first EVER recipient of NASSCOM’s prestigious award, Bharat Goenka – hailed as the “father of the Indian software product industry”, was saluted for his commitment and outstanding contribution to Indian business.

  

Tally in Top 100 Great Places to Work

Tally comes through with flying colours once again earning the accolade of ‘Great Place to Work’. Better workplaces lead to a better society and Tally employees’ vote of trust makes us a trailblazer in the context of Indian and S. E. Asian business.

  

Tally is CRN 2010 Channel Champion

In a landmark survey conducted by CRN (Computer Reseller News), India’s leading IT Channel publication, Tally emerges as Channel favourite in the Software Applications category, triumphing over reputed multi-nationals.

  

Tally bags prestigious IT National Excellence Award 2007

Tally has won the impressive IT National Excellence Award 2007 instituted by All India Association of Information Technology, Indore. Tally was honoured with the “Special Award” for its excellent performance in the IT sector and for its outstanding contribution in the IT Training and Education.

  

360 Magazine’s Golden Rhino Award 2004, 2005, 2006, 2007

For four consecutive years, Tally has won the Golden Rhino Award presented by 360 Magazine.

  

And More…..

Tally.Sever 9 Release 4.5

Posted on by Tally Academy

Tally.Server 9

Tally.Server 9, a new product which can be installed in the server machine and run as a service, has been developed by Tally to provide an unparalleled usability experience for secure and concurrent data access in your multi user environment. It is an extremely simple-to-deploy product which also provides advanced monitoring and administrative control:

  • Performing operations in a frictionless environment: Multiple users will be able to simultaneously load companies, save transactions, export reports, print reports, import data, take backup and perform other data related activities without experiencing any downtime or wait state.
  • Keeping the data file safely invisible and providing controlled access: The data files will be managed through Tally.Server 9. The physical location or path for the data on the server need not be disclosed or made accessible to any user. The clients just require the name of the data server, which will be enough to access and operate Tally.ERP 9. Furthermore, operations for company data management, namely Backup, Restore, Rewrite, Create Company, and Split Company, are also controlled with server level permissions.
  • Analysing system usage and user activities to optimise the various processes and time spent on them: Since the access is controlled through Tally.Server 9, the authorised users will be able to monitor who is currently logged in, which companies are open, track the activities and even disconnect users if such a requirement arises.
  • Minimising instances of system unavailability: Availability of the system is important for any business. With Tally.Server 9, data backup can be taken anytime without affecting either the speed of access for users or the reliability of data that is backed up. In other words, users can continue recording transactions or generating reports while the backup is happening - There is zero downtime for backup.

Currently in a multi user environment, database for Tally.ERP 9 Series A is shared with users via the Windows Shared service. This process has its own limitations with regard to data security, performance, and speed during concurrent usage by multiple users.

Benefits for the business :

  • More than 100 client machines can access data at a time.
  • Multiple users can concurrently read (e.g. view reports) and write (e.g. record transactions) data.
  • Administrators can have control over who accesses the data on the server; permissions provided will be user-specific.

 

The Upcoming Release, Tally.ERP 9 Series A, Release 3.6

Posted on by Tally Academy

 

New feature of upcoming release 3.6 as below :

  •  Always be ‘AuditReady : 
    • Revised Schedule VI:
      • Generates the complete revised Sch. VI Balance Sheet, P&L and annexure
      • Bifurcate, assign and move ledger amounts to appropriate Schedule VI heads
      • Drill down to voucher level from all Sch. VI reports & notes
    • Tax Audit:
      • Form 3CD, 3CA & 3CB
      • Annexure to all the clauses
      • Specifying/identifying financial data for all clauses
    • Stat Audit:
      • Verification of opening balances, general ledger analysis / scrutiny
      • Clean up redundant masters, negative cash & inventory balances
      • Identify transactions with related parties and MSME
      • Account reconciliation (auto & manual)
      • Third Party confirmations
      • Audit journals
      • CARO report
  •  Banking : 
    • Cheque Management:
      • Auto cheque numbering: No more manual tracking, no more duplicates
      • Support customer & supplier queries: Search vouchers for specific cheque numbers
      • Cheque register: Build an additional layer of control on cheque usage
    • Direct support for Cheque printing:
      • Pre-configured cheque printing: For each bank accept the right image of the cheque to automatically configure Tally.ERP 9 to print on such cheques
      • Vertical/Horizontal Cheque Printing: Full support for printers that require cheque leaves to be in a specific alignment
    • Auto Bank Reconciliation:
      • Automatic reconciliation: Import your bank statements & reconcile with single click
      • Differences: Instantly create or alter a transaction to reconcile
      • Manual: Full or partial manual reconciliation is supported
  • Tally Live Update
      • Get notified and install updates (product & statutory) at the click of a button
      • Optionally schedule the update at a time you define
  • Tally Message Centre
    • Receive regular news from Tally and stay up to date with information on
      • Product releases
      • Subscriptions
      • Add-ons
      • Statutory updates and extensions
  • Enhanced Password Security
    • Define your security policy in line with accepted global practices
      • Specify password strength
      • Mandate password to be changed periodically
      • Prevent old password reuse
      • Mandatory password change on first login

 

Notify me, when ready

Tally clarifies price hike and channel impact

Posted on by Tally Academy

Following partner discontent with stock recall and the alleged arbitrary increase in its prices, Tally recently clarified that the company was considering a price increase for quite some time and the increase in prices was partly on account of the rising government taxes as well upgradation of the product.

“The prices of Tally have remained unchanged for over 36 months, during which we also absorbed the taxes during the confusing Excise vs. Service Tax days dramatically decreasing our Gross margins. With the additional burden proposed in the budget, we took the call of finally revising the prices to a more appropriate, and hopefully, stable regime – despite upcoming tax changes (e.g. GST) or our major product releases and enhancements”, said Bharat Goenka, MD, Tally.

Also, the company clarified that the new Price List is applicable from 16th April 2012 and is expected to remain unchanged till at least 31st March 2014.

for more details click here

Source : http://www.dqweek.com

Latest Tally Software Prices: Beat the Price Hike

Posted on by Tally Academy

Tally software prices are to increase by nearly 17% from 16th April, 2012. Buy/Upgrade your Tally Software before the due date and make a saving ….

Checkout the current ( before April 16th, 2012) and the New Price List :

Description
 Current Price
(until 15th April)		 New Price
(from 16th April)
 Tally.ERP 9 Silver 13,500.00 18,000.00
 Tally.ERP 9 Gold 40,500.00 54,000.00
 Shoper 9 Silver 13,500.00 18,000.00
 Shoper 9 Gold
40,500.00
54,000.00
 Shoper 9 Diamond
1,62,000.00
3,60,000.00
 Tally.NET Subscription (Silver)
2,700.00
3,600.00
 Tally.NET Subscription (Gold)
8,100.00
10,800.00
All prices are MRP in INR, Inclusive of taxes

 

Tally New Prices will applicable from 16/04/2012

Posted on by Tally Academy

Because of  81st budget the price hike in Tally Product by 17% and will be applicable from 16/04/2012

Tally Solutions Pvt Ltd are pre-announcing this change from 16th April 2012, all prices will no longer be inclusive of taxes will increase by 17%.

Before 16th April, 2012 / Current Price :

Tally ERP 9 Single User : 13,500

Tally ERP 9 Multi User : 40,500

Tally EPR 9 Multi User Tally.NET Subscription : 8,100

Tally EPR 9 Single User Tally.NET Subscription : 2,700

Tally Currency (e.g. Rs. 450 currency) :  450

After 16th April, 2012 Price :

Tally ERP 9 Single User : 13,500 + 17%

Tally ERP 9 Multi User : 40,500 + 17%

Tally EPR 9 Multi User Tally.NET Subscription : 8,100 + 17%

Tally EPR 9 Single User Tally.NET Subscription : 2,700 + 17%

Tally Currency (e.g. Rs. 450 currency) :  450 + 17%

To get benefit of current price please mail us on : info@tallyacademy.in or contact Mr. Nilesh (9819070187)

Increasing in Prices of Tally product

Posted on by Tally Academy

The KEY SUMMARY :

Before 31st March, 2012 / Current Price :
Tally. Net Subscription Price (Single User) : 2700
Tally. Net Subscription Price (Multi User) : 8100
Tally Single User (Rent 1 month) : 450
Tally ERP 9 Single User : 13,500
Tally ERP 9 Multi User : 40,500

After 31st March, 2012 Price :
Tally. Net Subscription Price (Single User) : 3,200 approx. (Rs 500 increase)
Tally. Net Subscription Price (Multi User) : 9,600 approx. (Rs 1500 increase)
Tally Single User (Rent 1 month) : 530 approx. (Rs 80 increase)
Tally ERP 9 Single User : 15,500 approx. (Rs 2000 increase)
Tally ERP 9 Multi User : 47,400 approx. (Rs 6900 increase)

As these have significant impact on your business planning and customer relationships, I felt it is important for you to know as early as possible, without waiting for all fine details to emerge. Please feel free to write us for any clarifications or call us on 9819070187 (Nilesh).