Category: Advanced

TallyPrime makes GST compliance easier by allowing you to upload IMS Inward Invoices. This helps keep your purchase records in sync with the GST portal, especially if you’ve received invoices from suppliers but want to push them to the GST system for matching and return filing purposes. This post will guide you through what IMS…

When you download IMS (Invoice Matching System) Inward Invoices in TallyPrime, the software allows you to compare the downloaded invoices from the GST portal with the ones recorded in your books. If both match, these are marked as Reconciled. To save time, TallyPrime gives you the option to automatically accept these reconciled vouchers, instead of…

TallyPrime helps businesses stay compliant with GST regulations by allowing you to download IMS (Invoice Matching System) Inward Invoices. These are invoices uploaded by your suppliers on the GST portal and made available for download in your Tally system. This feature allows you to verify, match, and reconcile the purchase invoices with what’s uploaded by…

While filing GSTR-3B returns, you may come across transactions in TallyPrime that are uncertain, mismatched, or missing details. These transactions need to be corrected or amended before they can be included in your return. TallyPrime offers a powerful feature called the Return Effective Date to help you handle such cases smoothly and in compliance with…

TallyPrime offers tools to help you manage incomplete, mismatched, or unreported GST data using the IMS Action Status feature. IMS stands for Incomplete, Mismatch, or Status Not Set, and this helps you track and fix GST-related issues before filing your returns. In this blog post, we’ll explain what IMS Action Status is, how it helps,…

TallyPrime makes it easy to manage your GST transactions. One of the important features is setting the GST status for each transaction. The GST status indicates whether a transaction is: By setting the correct GST status, you ensure accurate GST return filing and smooth reconciliation. 1. What is GST Status in TallyPrime? Every GST transaction…

In a typical business transaction, you may purchase multiple items together that attract different GST rates. TallyPrime allows you to record such purchases in a single purchase voucher without any confusion. This helps you save time, maintain accurate records, and ensure correct tax calculation. 1. When Does This Happen? Items with Different GST Rates in…

If your business operates in multiple states and has different GST registrations for each, you can easily manage purchases under these registrations in TallyPrime. This is useful when: TallyPrime helps you manage and record purchases with multiple GST registrations while keeping your GST returns accurate. 1. Why Use Multiple GST Registrations? According to GST law:…

If you’re selling goods or services that fall under Reverse Charge Mechanism (RCM), and your buyer is a consumer or unregistered party, TallyPrime gives you a simple way to record this using the Nature of Transaction: Sales to Consumer – Taxable. In such cases, you do not collect GST, but you must indicate in your…

If your business sells goods or services that fall under Reverse Charge Mechanism (RCM) to an unregistered dealer or a consumer, you still need to follow the GST rules carefully. Even though your buyer is not registered under GST, you still do not collect GST from them in an RCM supply. Instead, you must ensure…