GST Software for Traders/Dealers

|Updated on: March 13, 2023

TallyPrime is the first choice GST Software for traders in India. It’s a one-stop GST solution right from issuing GST invoices to filing accurate GST returns. TallyPrime offers complete accounting, inventory, and statutory modules with GST to help you easily run and manage your business. As a trader registered under GST, TallyPrime is one software that you ever need to manage multiple aspects of business in an integrated manner.

TallyPrime’s GST features for traders

GST billing/invoicing for traders

As a trader, billing is one of the most critical aspects and with GST in place, the need to print bills as per the GST format is the need of the hour. With e-invoicing being implemented in phased manner, it becomes even more important to issue compliant invoices.

TallyPrime offers multiple GST billing types such as tax invoices, bill of supply, SEZ invoices etc. depending upon the nature of supply as per the GST format. You can also personalise the invoice by adding company logo, digital signature and additional invoice details based on business needs. TallyPrime GST software also offers POS billing for handling retail operations for small traders. Trader/Dealer can manage both local and interstate GST billing and corresponding taxes using TallyPrime.  

Reverse charge mechanisms in Tally’s GST software

As per GST law, reverse charge will be applicable in certain scenarios like imports, and some notified purchase that comes under reverse charge. All these are well handled in GST-Ready TallyPrime. As a dealer, you can make the required transactions and TallyPrime will detect the transactions and display the right values in proper columns in the GST Forms as per the law.

Advance payment handling as per GST Law

As a dealer if you are receiving advance payment for an order, then it will attract GST. Using Tally’s GST software, a dealer can easily manage this scenario and the same will be reflected in appropriate columns in the GST returns.

Handling Advance Receipt in Tally’s GST Software

As per the GST Act, now you have to pay tax on Advance Receipts, and the same has to be showcased in GSTR-1 in a separate table. With GST-ready Tally, now you can easily manage Advance Receipts, and adequate tax can be calculated with simplicity.

e-Invoice and e-way bills

TallyPrime’s fully connected solution to simplify your e-invoicing and e-way bill needs. Using TallyPrime, you can generate e-invoices and e-way bills instantly. Based on you needs, you can choose to generate it for a single invoice or do it in bulk for more than one invoice.

Generate accurate  GST returns with TallyPrime

TallyPrime’s ‘Prevention, Detection and Correction’ capability assists dealers to generate error-free GST returns.   In GSTR-1 or GSTR-3B  reports in TallyPrime, a trader will see a list of transactions with errors or incomplete information like GSTIN Number or tax amount or having some mismatch in tax type. You can easily locate those and correct these transactions as needed, and generate error-free GST  returns.

Auto-filled Form GSTR-1 and GSTR-3B in  for Traders

TallyPrime automatically fills the returns details in form GSTR 3B and GSTR-1. All you need to do is just record the transactions, returns are auto-generated. Not just that, you can export the return details in JSON file and directly upload it to the GST portal.

Returns in Json and Excel file

With TallyPrime, the trader gets the flexibility to export the auto-filled GST returns in JSON and excel format. JSON file generated from TallyPrime can be directly uploaded it to the GST portal. In case a trader generates using an excel template, he needs to use the offline utility to validate and convert the data into JSON. Based on the need, you can choose either of these methods. 

Composition Scheme

If you are a trader who opted for the composition scheme, you are required to pay taxes at a fixed percentage on your sales. TallyPrime completely supports the composition scheme from issuing bill of supply to filing CMP-08 returns.

Manage multiple godowns

As a trader, you might be having multiple warehouses or godowns and want to manage them simultaneously. With TallyPrime, you can manage multiple godowns and get to know the stock position at different godowns as well as cumulative stock position.

Multiple price lists

In trading, generally based on the quantity customer orders,  you might have a different price range and discounts you offer. You can manage multiple price lists such as  wholesale or retail etc. and enables fast and error-free billing

Outstanding reports

With TallyPrime, you can see the payment performance of the parties with whom you are dealing. You can do the ageing analysis of your receivables and in no time figure out the ones that are pending for a long time. The best part is that TallyPrime allows a bill-by-bill track of pending which ensures a clean track of outstanding. 

Inventory management in GST software

Organise your stock by product type, brand, colour, size, etc., by creating unlimited stock groups and categories. You can also store and track stock at different locations such as warehouses, racks, lot, bin etc. What’s more? Accurate and actionable inventory reports help you manage optimum inventories always.


TallyPrime's cheque printing facility helps a  trader to easily print their cheques. Also, a trader can keep a track of all the cheques issued to all the parties. With TallyPrime you can easily upload a soft copy of your bank statement and TallyPrime will automatically reconcile the bank transactions, this will help traders in saving time and effort.

GST returns and statements in TallyPrime

Returns for regular dealer

  • GSTR-3B
  • GSTR-1
  • Annual computation

Returns for composition dealer

  • GST CMP-08
  • GSTR-4
  • GSTR-9A

GST reports and statements

  • Incomplete/mismatch summary
  • Input tax credit summary
  • Advance receipt tax liability
  • Revere charge tax summary
  • HSN/HAC summary
  • Document summary
  • Challan reconciliation report
  • e-Invoice status report and registers
  • e-Way bill report and register

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Read More on GST

GST Software, GST Software for CAs, GST Invoicing Software, GST on Freight,  GST Impact on TCS, GST Impact on TDS, GST Exempted Goods & Services, Reverse Charge Mechanism in GST, GST Declaration

GST Rates & Charges

GST Rates, GST Rate Finder, GST Rate on Labour Charges, HSN Codes, SAC Codes, GST State Codes

Types of GST

CGST, SGST, IGST, UTGST, Difference between CGST, SGST & IGST

GST Returns

GST Returns, Types of GST Returns, GSTR 1, GSTR 2, GSTR 3B, GSTR 4, GSTR 5, GSTR 5A, GSTR 6, GSTR 7, GSTR 8, GSTR 9, GSTR 10, GSTR 11

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