Tally Solutions has launched India's first VAT complaint Business Accounting solution-Tally 7.2, as the country gears up to adopt Value Added Tax (VAT) from April 1, 2005. The solution is an accounting software tool for India, encompassing VAT compliance amongst a host of other features.

Bharat Goenka, Tally Solutions, said "VAT is simple and aims at transparency, but the changeover to VAT is a challenge, requiring a clear understanding of rules and compliance norms by the business community, and the trading community."

With Tally 7.2, all a user needs to do is ensure the accuracy of all purchase invoices and sales invoices recorded. Thereafter, at the press of a key, state specific statutory reports, documents and accounts will be directly generated, along with forms. These could then be directly printed for filing Statutory Returns.

Tally 7.2 will address all VAT implementation issues such as offering single software addressing all states' requirements. Configurability to handle differences in legislation. Printing of Statutory reports will be taken care of.

To make the changeover with simplicity, Tally 7.2 offers the convenience to print state specific Statutory VAT reports. It is priced at Rs 4,950 for a single-user license and Rs 13,500 for a multi-user license. "The software will be available to customers through an extensive channel network of over 25,000 resellers. In doing so, we have taken good care of both affordability and availability," said Bharath Gopalakrishnan, President, Tally Solutions.

DQC NEWS BUREAU

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