What's New in TallyPrime 6.1

TallyPrime 6.1 introduces the new Invoice Management System (IMS) for effortless ITC tracking with consolidated invoice views, action statuses, IMS-ITC Summary, and automatic GSTR-2B recomputation. The release also brings several enhancements, including an improved Edit Log Summary, updated MSME forms, GST-related upgrades, and smarter bank reconciliation for smoother compliance and accounting.

Key features

Stay on Top of Your ITC with IMS

Take Full Control of ITC with IMS in TallyPrime IMS lets you reconcile invoices, set action statuses, and file returns seamlessly—right within your regular accounting workflow—thanks to intuitive reports and action-based processes.

▪ Review invoices easily

Open the IMS Inward Supplies report to see all supplier invoices exactly as per the GST portal and spot matched, mismatched, or missing invoices.

▪ Set action status

Mark each invoice as Accepted, Rejected, Pending, or No Action based on reconciliation to ensure only valid ITC goes into GSTR-2B and GSTR-3B.

▪ Track ITC clearly

Use the IMS – ITC Summary to view total Available, Pending, and Rejected ITC for better decision-making before filing.

▪ Recompute GSTR-2B in one click

Instantly view the updated ITC in GSTR-2B based on the statuses set in IMS for accurate GSTR-3B filing.

▪ Add remarks for audits

Enter remarks for invoices to track issues or notes and view them across reports or export them to Excel for audit or review.

Comprehensive Edit Log Summary

Get a complete view of changes in vouchers and masters.

▪ Comprehensive tracking

Monitor altered, unaltered, and deleted vouchers and masters.

▪ Drill-down navigation

Start with an overall summary and examine individual items across versions.

▪ Flexible filters

Filter by activity type, version period, or user; view configured, all, or only altered versions.

▪ User activity tracking

See who made changes when security is enabled.

Enhanced MSME Experience

▪ Revised MSME Form 1

Get supplier-wise summaries with the updated Form 1 Annexure.

▪ PAN and Bill Details

View MSME party PAN info and track paid or outstanding bills within/after 45 days.

▪ Easy Configuration

Filter, view, and customise summaries for audit or compliance needs.

▪ Export and Upload

Export data to the Excel template and upload it seamlessly to the MCA portal.

Banking Enhancements

▪ Convenient Split

All unreconciled transactions in the split company now appear as Opening BRS for easy tracking.

▪ Easier Manual Bank Reconciliation

Include manually reconciled transactions.

See updated values for transactions reconciled in later periods.

▪ Enhanced Reconciliation Tools

New Potential Match option in Find Match and Modify Match.

View Bank Date even for book transactions reconciled through linking.

▪ Payment Reverse File Improvements

Import the Payment Reverse File from any location in TallyPrime.

Enhanced Import Summary with detailed Payment Status breakdown.

Seamless sync with the ability to override manual transaction status in the destination company.

GST Enhancements

▪ Easier GST Reconciliation

Reconcile GST transactions even when taxable amounts differ between your books and the GST portal.

▪ Improved GSTR-1 Filing

Upload GSTR-1 data offline using Excel (.xlsx) or CSV (.csv) files for faster, more flexible filing.

▪ IMS-Based Enhancements

Rejected Invoices Section : View IMS-rejected invoices separately in GSTR-2B. These are excluded from ITC and return filing but remain available for review.

Auto-Reconciliation for IMS : Enable automatic reconciliation in Company GST Details to auto-mark matched vouchers as Accepted in IMS Inward Supplies.