e-Invoicing is a system through which business to business (B2B) transactions are authenticated electronically by GSTN for further use on the common GSTN portal. At present, Tally has decided to implement e-invoicing in phases to ensure a smooth rollout. In Phase 1, E-invoicing will be a reality for businesses with a turnover of Rs.500 crores and above, on the successful implementation of which phase 2 is expected to be announced.
All businesses falling in the above criteria will be communicated to register on the e-invoice portal to start e-invoicing mandatorily. Once registered, these businesses will have to upload their B2B invoices (Sales, Credit Note and Debit Notes made to businesses, government entities, and all types of exports) on the e-invoice portal and get it registered before removal of goods from their premises.
This will also facilitate:
- Generation of the e-way bill along with e-invoice
- Auto-population of information in GSTR 1 of taxpayer
- Auto-population of information in GSTR 2B of the receiver
This tally solution offers Tally accounting software on cloud, based on SaaS Service, is an ingenious way to manage all the business accounting operations online.
This tally add on features overcomes the problem of IT infrastructure that needs to be mandatory with on-premise Tally.ERP 9 software. All it requires to setup/host software on the cloud server.
There is no limitation to avail this tally solutions that exists solely to make your business management all the more easier
Tally data stores on Tier-IV enterprise-class data center. Automatic Tally Backup with advantage of DRaaS service.