Tally Solutions launches VAT compliant software

Chennai, Jan 23 (UNI) Leading software company Tally Solutions has released Tally 9 Accounting and Inventory software, which is VAT compliant, for Tamil Nadu.

The new software, besides incorporating statutory features was now offering enhanced performance with add-ons such as payroll and sales invoices, a release said here today.

Tally 9 simplified every aspect of VAT, from recording transactions with Tamil Nadu specific VAT classifications to compute reports and make periodic VAT/composite returns and annexures.

Besides, Tally had a dedicated cell that monitored changes in VAT and other statutes, which provided prompt updates of rule changes.

Explaining the Tally initative, Vice-President Tally Solutions Shoaib Ahmed said 'in addition to the wide network of support centres, a VAT helpdesk has been set up to support customers implementing VAT for the first time'.

Tally 9 also met VAT requirements in the UK and many south Asian countires such as Singapore, Indonesia and Phillipines, he said, adding, backed by a statewide network of sales and service units, Tally had geared up to enable the business community in Tamil Nadu to make a smooth transition from the sales tax regime to VAT.

He also mentioned that the objective of VAT was to simplify tax structure and create a uniform common market within the country, which would bring down prices and enable Indian manufacturers to reduce costs.

UNI