Till date, TDS was deducted only on the notified nature of payments. From 1st July,2021, businesses are required to deduct TDS on purchase of goods along with the current scope of TDS deduction applicable on notified nature of payment or expenditure. With the insertion of a new section ‘194Q’, the buyer is liable to deduct TDS on the goods purchases and remit it to the Government. Let’s understand the new section ‘194Q’ in more details.
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For a smooth transition to the e-invoicing system, it is extremely important that your business management software need to be integrated with the IRP portal.
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New TallyPrime a power packed software that makes everyday business management agreeably simple.
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Tally Prime, the all new business management software makes it amazingly simpler and hassle-free to create, track and record invoices. Tally prime offers multiple useful features like optimized invoice components, host of configurations, billing mode, more details options and more to make the invoicing process really simple for your business.
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Tally, which is a recognized GSP (GST Suvidha Provider), will communicate directly with the IRP (Invoice Registration Portal) to send e-invoices through Tally Prime in real time.
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Tally Prime is trying to bring innovation to make life easier for all business owners. It is a new-age tailor made software that makes managing your business much sorted and simpler with the right insights. There are new features that have been incorporated in Tally Prime that will never make you want to get back to any of its older versions
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Tally Prime is specifically designed for business owners, Chartered Accountants, Data Entry Operators, Accountants and other tally users to empower them to manage their daily business activities seamlessly and make every day simple.
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Tally Prime is trying to bring innovation to make life easier for all business owners. It is a new-age tailor made software that makes managing your business much sorted and simpler with the right insights.
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The new Tally.ERP 9 is now available on the cloud. Cloud-based ERP management is useful because it saves space and time. It is also a very economical solution. It is useful for long term solutions.
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