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
Levi's hands over media duties to OMD

MUMBAI: Following a comprehensive market review, Levi’s has appointed OMD India to handle its media duties from its Bengaluru office.

MAM Marketing MAM
Dentsu Webchutney to handle creative for Goomo

MUMBAI: Dentsu Webchutney, the digital agency from Dentsu Aegis network, has been assigned as the lead creative agency for, an omnichannel, travel-tech company that operates across consumer, corporate and B2B segments. The account will be managed by Dentsu Webchutney’s Mumbai office.

MAM Marketing MAM
Festival of Bharat to cast the spotlight on India

MUMBAI: History repeats itself but this time there’s a twist. A London-based investor and indophile is spellbound by India but he’s got better plans. Cory Bixler has co-founded a festival that celebrates and aims to promote India’s culture to the world - The Festival of Bharat (FoB).

MAM Media and Advertising Event Agencies
Britannia NutriChoice promotes healthy food choices

MUMBAI: Health is tough and requires a lot of sacrifice. This is the perception that deters most people from adopting a healthier lifestyle. In its new TVC campaign, Britannia NutriChoice Digestive puts forth a refreshing new point of view that when you start on your health journey, while the...

MAM Marketing MAM
Soho Square wins creative mandate for Medlife

MUMBAI: Soho Square Bangalore has won the creative mandate for MedLife, the healthcare app. The agency has been awarded the reins of the account in the aftermath of a competitive multi-agency pitch. Soho Square will now partner with MedLife on a journey to simplify healthcare by making the entire...

MAM Marketing MAM
Telangana govt & Oyo team up for hospitality development

The Telangana government and hospitality company Oyo have announced their intent to collaborate to develop the hospitality ecosystem in the state. Oyo’s new tech development centre was inaugurated by Telangana minister for IT, electronics and communications K Taraka Rama Rao.

MAM Marketing MAM
MullenLowe Media Mub comes to India as Lintas MediaHub

MUMBAI: MullenLowe Mediahub from MullenLowe Group has entered India and will operate as a division of MullenLowe Lintas Group’s omnichannel agency, PointNine Lintas. Lintas Mediahub is being launched as a full-service media offering for a digitised world.

MAM Marketing Brands
Harish Shriyan elevated as Omnicom Media Group CEO

MUMBAI: Omnicom Media Group India COO Harish Shriyan has been elevated as chief executive officer. In his latest capacity, Shriyan will now be in charge of the performance of the group’s four offices in the country and will drive the company’s expansion process to meet the demands of new growth.

MAM Marketing Brands
Nestle retains Zenith as AOR

MUMBAI: Nestlé India has retained Zenith as the AOR (agency of record) for its media business. Recently, Nestle also consolidated its nutrition digital marketing business with Zenith and DigitasLBi.

MAM Marketing Brands

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories