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GST PPT Tally

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SATYANARAYANA MOTAMARRI
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654 views8 pages

GST PPT Tally

Uploaded by

SATYANARAYANA MOTAMARRI
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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GST & MSMEs

A Technology Perspective

© Tally Solutions Pvt. Ltd. All Rights Reserved


MSMEs – THE BACKBONE OF OUR ECONOMY

- MSMEs & SMEs are a critical part of every supply chain in the country

- The Advent of GST and its impact on MSMEs

- 6 Million businesses to file returns the month after GST comes into effect

- We are actively working with more than 1 million of these businesses


preparing them for GST

© Tally Solutions Pvt. Ltd. All Rights Reserved 2


GST – THE ADVANTAGES AND CHALLENGES

• Advantages
• Unified tax regime

• Doing away with tax on tax

• A technology led tax regime


• Ease of compliance

• Challenges
• Availing Input tax credit

• Return process (invalid returns)

© Tally Solutions Pvt. Ltd. All Rights Reserved 3


GST PROCESSES

• Registration: For businesses (>10 / 25Lakh), details automatically


captured for registered dealers, online submission for new ones

• Return Filing: Is now a technology led 3 step process

• Frequency: Every subsequent month

• Technology backend managed by GSTN

© Tally Solutions Pvt. Ltd. All Rights Reserved 4


IMPACT OF GST

• Affects critical aspects of business:


• Implications on Sourcing & distribution Planning

• Implications on Book Keeping & Invoicing

• Changes in Pricing of Goods & Services


• IT infrastructure readiness to facilitate Return Filing

• Working Capital Planning

© Tally Solutions Pvt. Ltd. All Rights Reserved 5


PREPARATION FOR GST

• Adoption of Technology to facilitate:


• Recording of Sales & Purchase invoices

• Accurate and complete books of accounts

• Track of committed tax payments and available input tax credit


• Business process readiness with appropriate changes

• Education of internal teams on new processes


• Communication of changes to business partners

© Tally Solutions Pvt. Ltd. All Rights Reserved 6


TALLY & TECHNOLOGY

• Backbone of over 10 Lakh businesses, for over 3 decades

• Preferred software for managing accounting & compliance

• We will be the technology partner in facilitating a smooth and seamless


transition to GST

• Our latest release helps businesses prepare for GST

© Tally Solutions Pvt. Ltd. All Rights Reserved 7


Thank You

© Tally Solutions Pvt. Ltd. All Rights Reserved

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