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Thursday, June 15, 2023


What’s New in Tally Prime 
Release 3.0

Tally Prime Release 3.0 is now available, bringing a range of new features and updates. Launched in December 2020 as an upgrade from Tally.ERP9, TallyPrime has undergone several enhancements since its release. The latest release, TallyPrime Release 3.0, introduces the following new features:

Multiple GSTN in a Single Company Data: With this feature, users can file GST Returns for each GST registration separately using the GST reports of a single Company data. This eliminates the need for maintaining different Company data for different GST registrations and saves time.

GSTR-2A Reconciliation: The process of reconciling transactions in GSTR-2A with suppliers' transactions is now simpler. Users can import GSTR-1 or GSTR-2A in JSON files, in addition to MS Excel and CSV. They can manually mark the status of transactions as reconciled or mismatched, track reconciled transactions that are modified later, and identify potential matches to unreconciled transactions in their books.

Specifying GST Details: Users have more flexibility in specifying and updating GST Rate and HSN/SAC details separately in different types of masters. Updating GST registration details for a party has also been simplified. Slab rates can now be specified in any master, such as stock items, stock groups, ledgers, or groups.

New Report Filters: The release introduces versatile report filters for quick access to business information and data analysis. These filters are easily discoverable, accessible in just one click, and cover a wide range of business scenarios.

Blazing Speeds for GSTR-1: TallyPrime Release 3.0 offers faster opening of GST Returns for quick reference and enhances the filing of GST Returns, particularly GSTR-1 and GSTR-3B.

Enhanced Data Management Experience: The release provides improved data management facilities, ensuring seamless migration, repair, import, and synchronization. Users can view the progress of activities in detail and resolve exceptions, if any.

By incorporating these new features and updates, TallyPrime Release 3.0 aims to enhance the user experience and streamline various processes in TallyPrime.

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QUESTION & ANSWER

1. What is the latest release of TallyPrime?

A. TallyPrime Release 2.0

B. TallyPrime Release 3.0

C. TallyPrime Release 4.0

D. TallyPrime Release 1.0

Ans B. TallyPrime Release 3.0

2. What is the benefit of the "Multiple GSTN in a Single Company Data" feature?

 A. It allows users to file GST Returns for each GST registration separately.

B. It eliminates the need for maintaining different Company data for different GST registrations.

C. It saves time for users by using the GST reports of a single Company data.

D. All of the above.

Ans: D. All of the above.

3. What feature has been introduced to simplify the process of reconciling transactions in GSTR-2A?

  1. Importing GSTR-1 or GSTR-2A in JSON files
  2. Importing GSTR-1 or GSTR-2A in MS Excel and CSV
  3. Manually marking the status of transactions as reconciled or mismatched
  4. All of the above.

Ans: D. All of the above.

4. In TallyPrime Release 3.0, where can users specify GST Rate and HSN/SAC details separately?

  1. Stock items
  2. Stock groups
  3. Ledgers
  4. All of the above.

Ans: D.All of the above.

5. What is the purpose of the new report filters introduced in TallyPrime Release 3.0?

  1. To provide quick access to business information
  2. To facilitate data analysis
  3. To cover a wide range of business scenarios
  4. All of the above.

Ans: D. All of the above.

6. Which GST Returns are enhanced for faster opening in TallyPrime Release 3.0?

A. GSTR-1 and GSTR-3B

B.GSTR-2A and GSTR-3B

C.GSTR-1 and GSTR-2A

D.GSTR-2A and GSTR-2B

Ans: C. GSTR-1 and GSTR-2A

7. What does TallyPrime Release 3.0 offer in terms of data management?

A. Improved data migration and repair facilities

B.Enhanced data import and synchronization

C.Detailed progress tracking and exception resolution

D.All of the above.

Ans: D. All of the above.

 

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