Tally Solutions, a leading technology company recently announced the global launch of TallyPrime 5.0. Serving as a consolidated interface for all GST operations, without having to visit the GST portal, the solution with ‘Connected GST' includes e-invoicing and e-way bill generation, WhatsApp integration and more.

The solution adds multi-lingual capabilities that will extend to Arabic and Bangla language interfaces with phonetic support due to the increasing demand in the Middle East and Bangladesh.

The features of TallyPrime 5.0 include a direct connect to the GST portal, GSTR1 return filing, GSTR-1 recon and GSTR-3B recon, Input Tax Credit (ITC) at risk identification and ledger creation. The feature also supports end-to-end ‘bookkeeping to return filing'. The company is aiming to expand its current user base of 2.5 million plus by 50 per cent over the next three years, while eyeing a CAGR growth of 30 to 40 per cent.

"We're continuously innovating our technology to help simplify business operations for MSMEs. Our latest release is designed to make GST filing simpler and hassle-free for Indian businesses. Currently, only a small portion of businesses use API-based filing, but we're aiming to change that. With this latest launch, our focus is to consolidate the end-to-end GST filing journey of MSMEs, enabling them to save 60-70 per cent of their time. This release will also give a real-time status of their suppliers' GST, safeguarding their ITC" said, Tejas Goenka, Managing Director, Tally Solutions.

TallyPrime 5.0 enables online operation for GSTR1, GSTR2A, GSTR2B, GSTR3B and CMP-08. The latest release is free for all active TSS subscribers.