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Tally.ERP 9 - One-stop business management & VAT compliance

Begin your VAT journey with confidence. Let Tally.ERP 9 manage your VAT compliance while you focus on growing your business.

Tally.ERP 9 - your one-stop solution from accounting to compliance

  • Generate VAT-ready invoices, manage your books of accounts and maintain different stock groups - all using one software.
  • Tally's VAT software is a complete product that provides the perfect mix of speed, simplicity, flexibility and reliability. Give your business the Tally edge today!

Tally.ERP 9 Release 6.3.1 is packed with Rich Capabilities

Tally.ERP 9 Release 6.3.1 is the right choice of software for managing your VAT. This latest release enables you to

  • Detect and correct errors for filing accurate VAT returns
  • Manage your books of accounts with ease
  • Generate insightful reports for better business decisions

VAT has been implemented in the UAE and KSA from January 1st 2018,as mandated by the GCC. 5% VAT will be implemented on the supply of goods and services. It is mandatory for businesses to maintain books of records for a minimum of 5 years henceforth. Read on to get answers to any questions you may have related to VAT.

What is VAT?

Value Added Tax (VAT) is a general consumption tax which will be levied on the majority of transactions of goods and services. It is charged at every point of sale, from manufacturing to sale to an end consumer. The mechanism of input tax deduction ensures that the businesses act as tax agents or tax collectors on behalf of the government by collecting tax from the end consumers, account the collected amounts and pay the tax.

This is achieved by adjusting the tax paid on purchases referred to as ‘Input Tax Credit’ or ‘Input VAT’ with the VAT collected on sales referred to as 'Output VAT.'' If there is any balance liability after adjustment, the same needs to be paid to the government.

Get VAT-ready before it is too late

Manage books of accounts with a VAT software

Your books of accounts act as evidence for minimum annual turnover threshold limit for VAT registration. Based on this, either you will be mandated to register or you can request for exemption from registration.

Thereby, you must ensure that your books of accounts are updated with accurate information. Start recording all your financial transactions in a VAT compliant way. Choose a VAT software which will make your life easy.

Filing VAT return and claiming input tax credit

If your business is registered under VAT, you will start charging VAT on sales or supply of taxable goods and services. You must account the VAT paid such that you can claim the input tax credit. Finally, you have to file your VAT return online on a regular basis, disclosing the details of VAT that was charged and paid. Since you can avail the benefit of input tax credit only after filing your VAT return, there will be some interim cash blockage.

Your VAT software must help you generate VAT return in a correct manner and help you understand how VAT is calculated. If you are in the UAE, the VAT software must also have the capability to generate Audit File.

Make changes in our business operations to comply with VAT

Ensure that your VAT software adapts to the unique needs of your business and takes care of VAT compliance. Educate your teams on VAT and its impact on business.

Review your business processes, practices and procedures with respect to pricing, procurement, invoicing, logistics, etc. and align them to VAT. Inform your vendors and customers about VAT and its impact on transactions.

Tally.ERP 9 Release 6.3 for Simplified VAT Compliance

IT Division

Information Technology division was added to the SJS Global Trading Company in 2017 in response to the growing technology needs of the UAE. Today, we represent some of the most prestigious names in the IT industry like Tally software. Our IT product lines range from Servers to laptops and desktop computers, Printers / accessories and provide total IT solutions. With many customers demand, we have elaborated our IT service to serve our customers better and we aim to earn the reputation of being a total IT solution provider and a major player in the field of information Technology in the UAE. Our business strategy is to provide the best products with excellent support and cost-effective solutions that will serve current needs and build required flexibility to grow with the clients' businesses.

  • Tally Accounting, VAT Approved Software
  • Servers (HP , Dell etc )
  • Desktops and Laptops (HP , Dell , Acer ,Lenovo etc...)
  • Structured Cabling and network solutions
  • Printers and computer accessories