We are 5 star certified partner of Tally Solutions since 2004. We are serving the best customization, implementation and support services to our 20000+ customers.
GSeven has an excellent track record in IT consultancy and services, serving customers in varied sectors such as Manufacturing, Real Estate, Housing Society, School and Institute, Bulk Drugs and Chemicals, Engineering, Packaging, Pharmaceuticals, Distribution, Trading and Government.
TallyPrime is a complete business management software for small and medium business. TallyPrime helps you to manage and control accounting, inventory, banking, taxation, banking, payroll and much more to get rid of complexities, and in turn, focus on business growth.
Technology is growing fast than ever and all thanks to the digital media platforms that have made our lives easier and simpler than before.Â
When it comes to small and medium businesses, they don’t have enough resources to invest in so costly software can keep a track of their everyday accounting operations.Â
To resolve this problem, TallyPrime was introduced into the market. Now for people who have heard this name for the first time, so let’s help you understand what TallyPrime is all about.
It is a comprehensive business management tool for small and medium-sized businesses, that assists you in managing accounting, invoicing, inventory, banking, taxation, banking, payroll, and much more so that you can eliminate complications and concentrate on business expansion.
If you want to get TallyPrime for your business, so Gseven is your best bet! It is one of the best TallyPrime and Tally customization companies in India as they are a 5-star certified partner of Tally solutions since 2004.
Recently, The Government of India announced the implementation of the fifth phase of e-invoicing in India from October 1, 2022. Taxpayers who have a turnover between Rs 10 crore to Rs 20 crore are required to submit e-invoices of their orders to the government on the Invoice Registration Portal (IRP).
In return, the taxpayers will receive a signed QR code along with a Unique Invoice Reference Number (IRN). E-invoices of such small businesses will automatically be filled in the GSTR-1 at the end of the tax period.
If you are a small business, which has no technical support or software that generates e-Invoices for you, then you can face a lot of trouble. In case you don’t get the IRN number generated, you will need to pay a penalty of Rs 25000 per Invoice & if your business does not raise the required number of Invoices, you will need to pay a penalty of Rs. 10,000 for each Invoice that is not raised.
This is where TallyPrime will help you, as it is the most reliable software that generates accurate digital invoices for your business and lowers the burden of recording all the invoices on paper & fulfilling your GST compliances. It gives you a host of features like:
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The Central Board of Indirect Taxes and Customs (CBIC) has notified this change in tax threshold has been done to make sure that all the data of the Taxpayers get regulated by the government and higher compliance can be achieved.
Following changes can be observed under this tax threshold:
The e-invoicing system has changed dramatically since all the invoices will be submitted digitally and verified through the government portal. Here’s how the small businesses will get impacted by this system:
So, if you are one of those small businesses that are looking forward to software that can help you with your e-invoicing, then wait no more. Seek help from Gseven & get your hands on TallyPrime, the best accounting software for all the small and medium businesses out there.
