Tally is one of the oldest and widely used software in India. After the introduction of GST , many new features have been introduced by Tally . There were continuous changes in the Law also. But ITC matching utility is still not available in TALLY ERP or TALLY PRIME.
currently accountants mostly follow , manual procedure of downloading JSON from gstn.gov.in
and then uploading the data on another software and then get a mismatch report for GSTR 2A or GSTR2B. Some business even today get their report verified through excel sheets comparison.
I would like to inform that auto matching of purchase vouchers with GST server data is now available at www.tallykonnect.com
It works good on both Tally ERP , & Tally Prime . within 5 minutes one can get monthly/quarterly data verified from gstn server. more details are available on this video.
https://www.youtube.com/watch?v=CBgclLC7bk0&t=5s
ANNUAL GSTR9 , GSTR9C FILING DEADLINE IS 31st Dec 2022.
WHAT IS GSTR9
GSTR9 , is an annual declaration of sales, purchase transactions for all registered businesses under Gst act 2017. It means compiliation of data from APRIL to MARCH every year.
APPLICABILILITY -
Every entity (PAN Number) with annual aggregate turnover over Rupees 2 Crores needs to file FORM GSTR 9C, an annual audit form for all their GST Registrations.
DEADLINE TO SUBMIT
The Section 44(2) states that the reconciliation statement is required to be provided in Form GSTR 9C along with the Form GSTR 9. Section 44(1), on the other hand, declares the due dates. As per this section, the due date for filing the annual return is on or before the thirty-first day of December following the end of the FY for which the Annual return is prepared. Thus, the conclusion could be drawn that the due date for filing reconciliation statement in Form GSTR 9C is on or before the thirty-first day of December following the end of the financial year for which the reconciliation statement is being prepared.
Implementation of mandatory mentioning of HSN codes in GSTR-1
As per Notification No. 78/2020 – Central Tax dated 15th October, 2020, it is mandatory for the taxpayers to report minimum 4 digit or 6 digit of HSN Code in table-12 of GSTR-I on the basis of their Aggregate Annual Turnover (AATO) in the preceding Financial Year. To facilitate the taxpayers, these changes are being implemented in a phase-wise manner on GST Portal.
Part I & Part II of Phase 1 has already been implemented from 01st April 2022 & 01st August 2022 respectively and is currently live on GST Portal. From 01st November, 2022, Phase-2 would be implemented on GST Portal and the taxpayers with up to Rs 5 crore turnover would be required to report 4-digit HSN codes in their GSTR-1.
Get reconciliation GSTR 2a in tally and claim 100% ITC with zero errors at Tally Konnect. Fastest GST Software made for Tax Professionals & Enterprises. Just Sign up & Start Using.
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