Type search words and press enter
Check your pre-qualified business loan offer in TallyCapital with a single click! Based on your financial data, get a tentative offer and apply for a business loan in TallyPrime!
https://help.tallysolutions.com/docs/te9rel50/Tax_India/Service_tax/Migrating_Data.htm

Migrating Data prior to Release 5.0 to new Releases

The statutory experience in Tally.ERP 9 Series A Release 5.0 and above is enhanced and is different in terms of user-experience.

Users working on any release prior to Release 5.0 will have to perform additional steps to successfully migrate the data to any release from Release 5.0.

To migrate data

  1. Open data in the new release of Tally.ERP 9.

  2. Select Yes for the message Migrate.

  3. Select Yes for the message Backup before migrate.

  4. Go to Gateway of Tally > F11: Features > Statutory and Taxation.

  5. Enable the option Set/alter service tax details.

  6. Set the option Enable creation of tax classifications at master level to yes.

  7. Press Enter.

  8. Press Ctrl + A to save the details.

  9. Go to Gateway of Tally > Accounts Info. > Statutory Info. > Service Categories > Activate

  10. Select the service category that were used in the data.

  11. Press Ctrl + A to accept.

  12. Perform steps 10 and 11 for the service categories used in the data.

If bill-wise details are not maintain by companies and:

  • Compute tax based on realisation, then the user will have to link sales and receipts manually.

To link sales and receipt transactions

      1. Go to Gateway of Tally > Display > Statutory Reports > Form ST3

      2. Link the sales and receipt vouchers

  • Deal with reverse charge and imports, then the user will have link the purchase transactions with the payment to the party manually.

To link sales and receipt transactions

      1. Go to Gateway of Tally > Display > Statutory Reports > Form ST3

      2. Link the purchase and payment vouchers

Mail this article