In the wake of the decision to implement the Electronic Way Bill (E-Way Bill) under the GST regime from next month, business software provider Tally Solutions has launched its latest product Tally.ERP 9 Release 6.4 to aid effective E-Way Bill compliance, the company has announced.
The product is priced at Rs 18,000-plus GST for a single user edition and Rs 54,000-plus Goods and Services Tax (GST) for a multi-user edition, "the same as earlier", a Tally Solutions release said here.
As a mechanism under GST, the E-Way Bill helps reduce tax evasion and ensures seamless inter-state transportation of goods, with minimal loss of time at check-points.
"With the introduction of E-Way Bill, invoicing will become a more frequent activity than before. Businesses will be required to record sales invoices, and then generate the E-Way Bill. Invoice generation and dispatching of goods will have to take place simultaneously," it said.
Commenting on the launch, Tally Executive Director Tejas Goenka said the company has also extended a solution to businesses "who have registered under the composition scheme, who can now generate bill of supply and file GSTR-4 with ease".
"We have made a conscious attempt to make the solution flexible to accommodate various exceptional circumstances that different businesses might find themselves in, while complying with the new reform," he said in a statement here on Wednesday.
Tally said the single user edition of the software can be purchased with a down payment of Rs 5,287, while the balance amount can be paid in equal monthly instalments over a period of seven months.