Tally Solutions will help Surat MSMEs comply with e-invoicing requirement from 1 August 2023

Surat : As the deadline for e-invoicing adoption approaches for GST registered businesses with a turnover of 5 crore and above, Tally Solutions is geared up to assist these businesses in smoothly transitioning to and efficiently managing e-invoicing through its comprehensive and integrated solution – TallyPrime 3.0. The company is diligently engaging in extensive efforts to educate businesses across Surat about the necessary amendments to ensure their continued compliance with the regulatory requirements.

Commenting on the initiative, Joyce Ray, India Business Head, Tally Solutions said, “The Government of India’s decision to extend e-invoicing coverage to businesses with a turnover of 5 crores and above, effective from 1st August 2023, marks a significant milestone in bringing a bigger community of businesses under the compliance ecosystem. Initiatives like these have proven to be a game changer in the last 3-4 years to bring efficiency, transparency and profitability in the larger ecosystem. With over 7 lakh businesses in India required to adopt e-invoicing by 1st August 2023, this presents a remarkable business opportunity for Tally to further fortify its presence and expand its reach within the country.

To assist MSMEs in seamlessly adopting these new regulations, the company has launched a 360-degree educative campaign in Surat. This campaign aims to help over 143338 businesses in Surat to understand the implications of e-invoicing, e-way bill, audit trail, and the role of technology in facilitating a smooth transition while enhancing business productivity and profitability.