Tally is an advanced Accounting software. It is Developed by Tally solution Pvt. Ltd, which is in Bangalore based IT solution Company.
It is a Windows-based Software and a Stand-alone Application.
Tally is a record all the daily event of the business.
A tally is an accounting tool which is managed your Inventory Info, Purchase and Sales Return, CGST (Central Goods & Service Tax), GST Rate Slabs, Manufacturing, etc.
It is used for
There are different types of tally version:-
The latest version of tally is ERP 9.0 (Enterprise Resource Planning).
Tally ERP 9 is the best software to manage Accounting, Inventory, Invoicing, sales & purchases.
GST (Goods and Services Tax) is an Indirect tax. Which has replaced much indirect tax in India? GST was implemented on July 1, 2017.
GST is a single value-added tax levied on the multi-stage, comprehensive, sale, destination-based and consumption of goods and services at the national level.
France was the first country to implement GST in 1954. There was other countries with GST is India, Brazil, South Korea,
United Kingdom, Spain, Italy, Australia, etc.
There are 4 types of GST in India
1? CGST (Central Goods and Services Tax)
2? SGST (State Goods and Services Tax)
3? IGST (Integrated Goods and Services Tax)
4? UTGST (Union territory Goods and Services Tax)
If Ravi is a dealer in Gujarat who sold goods to Ramesh in Gujarat worth Rs.20000. GST rate of 18% will apply. They comprising of 9% SGST and 9% CGST rate. The SGST tax amount here is Rs.1800 (9% of RS 20,000) which are going to the Gujarat government and other Rs.1800 will go to the Central government.
If Ravi is a dealer in Gujarat who sold goods to Ramesh in Gujarat worth Rs.50000. The GST rate of 18% will apply. They comprised of 18% IGST. In this case the dealer has to charge Rs.9000 which are going to the Central Government.
Supply of goods and service in the union territories in absence of legislature and has similar properties as that of SGST.
1? Andaman and Nicobar
3? Dadra and Nagar Haveli
4? Diu and Daman