Bengaluru – The biggest ERP software company Tally has helped the businesses by becoming the facilitator, or we can say the catalyst for over 75% of its 11 Lakh customers to migrate to the Goods and Services Tax (GST) through the use of its ERP software. Due to the implementation of GST from 1st July, millions of businesses would be required to file invoices on a month to month basis.
The remaining 25% of the customers are expected to switch to the Tally software solutions whereas many choose to upload the invoices directly on the goods and services tax network portal.
Bharat Goenka, the managing director of the GSTN portal, informed that nearly 30,000 conversions are taking place from a peak of 50,000 that used to happen a month ago. Tally software solutions primarily work with small and medium enterprise and micro companies that are eventually expected to be the primary tax payers under the goods and service tax regime.
Mr. Goenka also said that though the negativity prevailing around the GST has gone by, still there are expectations of a big chaos once the fillings begin next month, especially on the input tax credit side.
Tally software is one of the GST Suvidha Providers (GSP), which directly uploads all the invoices to the GSTN. Apart from this, it is also offering its software solutions as an Application Service Provider also known as ASP. Tally software solutions have also partnered with various common service centers where its software would be used at more than 2.5 Lakh physical centers pan India.
Adding more to the services it provides, the tally is also looking forward to inculcating and scale knowledge and skills at all its centers pan India. The company is looking forward to helping its user’s file GST invoices through an offline mode via the integration with the offline tool of the GSTN (Goods and Services Network).
More than 7.5 million businesses have registered as tax payers under the GST regime since 1st July 2017, and the number is expected to go up and cross the 10 million mark by the end of this year. Out the ones who have already registered, approximately 1.5 lakh businesses have registered or opted to be under the purview of the composition scheme.
