Tally launches VAT compliant accounting solution

BANGALORE: As the country gears up to adopt Value Added Tax (VAT) from 1 April, 2005, India's financial accounting company Tally Solutions, has launched its first VAT complaint Business Accounting solution, Tally 7.2.



Aimed at the over eight million establishments in the SME segment, the solution is positioned as the ultimate Accounting Software tool for India Inc encompassing VAT compliance amongst a host of other winning features.



Explaining the initiative, Tally Solutons managing director Bharat Goenka said, "VAT is simple and is aimed at transparency, but the changeover to VAT is a challenge, requiring a clear understanding of rules and compliance norms by the business community and more importantly the trading community. Tally Solutions has driven over 75 per cent of all VAT related education in India via seminars over the last 2 months and we have committed to conduct over 1500 customer event to demystify VAT in the coming weeks."

Unveiling Tally 7.2, Goenka said, "To make the changeover with simplicity, Tally 7.2 offers the convenience to print state specific Statutory VAT reports. This is an unprecedented move by any Accounting software tool."



Tally Solutions president Bharath Gopalakrishnan said, "With Tally 7.2, all a user needs to do is ensure the accuracy of all Purchase Invoices and Sales Invoices recorded. Thereafter, at the press of a key, State specific statutory reports, documents and accounts will be directly generated, along with forms. These could then be directly printed for filing Statutory Returns. Tally Solutions has over a decade of experience in countries like the UK, Singapore and a few others where our solution is already handling VAT successfully."

Tally 7.2 will address all VAT implementation issues such as offering:

? Single software addressing all states' requirements

? Configurability to handle differences in legislation

? Printing of Statutory reports

Tally Solutions will reach out to its customers through an extended channel arm of over 25000 resellers, enabled, trained and empowered by Tally Solutions to act as Value Added Resellers. By doing this, the company has revolutionized the software product business in India and has consolidated its position as the dominant market player in this space, informs an official release.

Latest Reads
Vikram Sakhuja re-elected as President of The Advertising Club for the second term

The Advertising Club, India’s premier industry body for the advertising, marketing, research and communication fraternity, today announced the list of its Managing Committee members for the year 2018-19.

MAM Marketing MAM
Rajesh Mani joins McCann as EDC Mumbai biz

Rajesh Mani has joined McCann Mumbai as executive creative director.

MAM Media and Advertising People
Mondelez India expands into Adult Malt Food Drinks with Bournvita for Women

Hectic schedules, fast-paced lifestyles often result in women missing out on meeting their daily nutritional requirements. At the same time, modern-day women are increasingly becoming more aware of issues surrounding health and wellness.

MAM Media and Advertising Ad Campaigns
Ex MullenLowe Lintas' Joseph George ‘Tilt-ing’ the creative agency model

A 150-year experienced team from across advertising, marketing, content, consumer advocacy, data analytics, storytelling, studio production, digital, media, qualitative research, behavioural science and video analytics have come together to offer consulting, communication, content and video...

MAM Media and Advertising Media Agencies
Red Label Tea unveils thought-provoking campaign on Ganesh Chaturthi

On the occasion of Ganesh Chaturthi, Brooke Bond Red Label has launched Shree Ganesh Apnepan Ka, a campaign to celebrate the spirit of togetherness.

MAM Media and Advertising Ad Campaigns
Grapes Digital bags the nationwide strategic communication mandate for Realme

Grapes Digital, the full-fledged marketing agency has bagged the strategic communication mandate for Realme, following a successful multi agency pitch.

MAM Marketing MAM
TV best way to advertise in India: Sandeep Seksaria, Macho Hint

Innerwear is no longer a product of necessity but even a lifestyle marker. While the industry only has five major players - Lux, Amul, VIP, Chromozome and Jockey, — in the organised sector, there is still potential for them to tap the untapped consumer who is fickle and changes products as and when...

MAM Marketing Brands
Grapes Digital wins communication mandate for Realme smartphone

Marketing agency Grapes Digital has bagged the strategic communication mandate for Realme, following a successful multi agency pitch. The agency has been entrusted with the task to activate and manage the entire communication strategy and reputation of Realme and elevate the brands presence to...

MAM Media and Advertising Account
Give Subtitles to ‘Suicide’, a step to combat rising suicide numbers

With the aim to highlight this issue and mark ‘World Suicide Prevention Month’, Suicide Prevention India Foundation, an NGO creating awareness about suicide prevention and WATConsult, the digital and social media agency from Dentsu Aegis Network, launched a campaign, ‘#GiveSubtitlesToSuicide’.

MAM Media and Advertising Ad Campaigns

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories