New Feature in Tally Prime 5.1 is “Fetch Details Using GSTIN/UIN”

One Good Feature in Tally Prime 5.1 is “Fetch Details Using GSTIN/UIN”

Using this option it is easy to get details related to particular GST Number and such details can be auto filled in books like Address, PAN, State etc

It will also provides GST Return Filing history for last 6 months for GSTR 1 and GSTR 3B

It’s accurate that TallyPrime 5.1 has enhanced its GSTIN/UIN functionalities. Here’s a breakdown of what that “Fetch Details Using GSTIN/UIN” feature entails:

• Purpose:
  • This feature is designed to streamline the process of verifying and retrieving party (customer or supplier) details directly from the GST portal. This helps ensure accuracy in your accounting records.
  • It significantly reduces manual data entry and the potential for errors associated with it.
• Key Functionalities:
  • Real-time Validation: TallyPrime can now validate GSTIN/UIN information in real-time, comparing it with the data available on the GST portal.
  • Fetching Party Details: Users can fetch crucial party details, such as:
    • Company name
    • Address
    • Registration type and status
    • PAN details
  • Voucher Entry Integration: Importantly, this feature is integrated into voucher entry processes (like purchase and sales), allowing users to fetch and verify party details directly within the voucher.
  • Filing History: Tally prime can also pull in filing history information, to give the user a better over view of the parties GST compliance.
• Benefits:
  • Increased Accuracy: Minimizes errors in party information, leading to more accurate GST returns.
  • Time Savings: Reduces the time spent on manual data entry and verification.
  • Improved Compliance: Helps businesses stay compliant with GST regulations by ensuring accurate records.

In essence, this feature enhances the efficiency and accuracy of GST-related tasks within TallyPrime.