The Goods and Services Tax (GST) is a vast concept that simplifies the giant
tax structure by supporting and enhancing the economic growth of a country.
● GST will replace VAT, CST and Service Tax and instead there is only one tax in
● But in the GST , you have to pay GST and no different taxes like VAT and CST and
● The main advantage of GST is a single taxation system.
● Currently every state has different VAT and CST acts and rules and people are often
confused about the taxation system.
● Therefore, in GST , remove all the confusion about different kinds of taxes, because
there is only GST.
6. What is tally Software?
● Tally is a product by Tally Solutions Pvt. Ltd which is an
● It’s main product, Tally ERP 9 is a software that handles
accounting, inventory management, tax management,
payroll etc. It comes with both single user & multi-user
licenses depending on the size of business it is to be used
Enterprise resource planning (ERP) is business process management software that
allows an organization to use a system of integrated applications to manage the
business and automate many back office functions related to technology, services and
8. What is Tally ERP?
● Tally.ERP 9 is your perfect business management solution and GST software.
With an ideal combination of function, control and customizability built in,
Tally.ERP 9 permits business owners and their associates to do more.
● It is a complete product that retains its original simplicity yet offers
comprehensive business functionalities such as Accounting, Finance, Inventory,
Sales, Purchase, Point of Sales, Manufacturing, Costing, Job Costing, Payroll and
Branch Management along with compliance capabilities for VAT, Excise, TDS,
TCS, and now GST too!
9. Difference Between all tally Versions
1- Tally 4.5 Dos based Account with Inventory.
2- Tally 5.4 Window based Account with Inventory.
3- Tally 6.3 With online finalization Auditing &
4- Tally 7.0 Import and Export features.
5- Tally 7.2 With VAT, TDS & Service Tax.
6- Tally 8.1 With FBT & Excise Duty.
7- Tally 9.0 8.1 With Payroll system, Multi-Language Extra formality feature.
8- Tally ERP.9 With Remote Access facility, Multi-budgets & scenarios & etc.