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What’s New in 7.1

TallyPrime Release 7.1 brings stellar capabilities to simplify your everyday business workflows—from professionally designed invoice templates you can personalise, to improved IMS reconciliation, financial statements as per Schedule III (Div I), seamless ICICI Bank payments, secure e-mailing using OAuth, latest e-TDS & e-TCS Returns, and enhanced readability with Auto Wrap Text.

Further, your day-to-day experience will be greatly enhanced with GST & accounting improvements, in addition to simplified UAE VAT 201 filing and improved tracking of saved Returns.

Invoice Print Templates

Express your brand identity through your invoice:

IMS: Fetch & Reconcile Party Details

Fetch supplier details using GSTIN/UIN: Retrieve supplier details such as Trade Name, Legal Name, and Address directly from the GST portal even when the party ledger is not available. Copy the party name or create the required ledger for the invoices.

Reconciliation with Books View: Use the Books View in the IMS Inward Supplies report to see voucher statistics in your books. Quickly identify vouchers that are reconciled, mismatched, available only in books, or require action.

Comfortable Reading with Auto Wrap Text

No more compressing of long text.

Now view & share the details in your masters, transactions, and reports with perfect clarity, using Auto Wrap Text.

Enhanced Banking Experience

ICICI Online Payments: Now send online payments from your ICICI bank accounts ()using Connected Banking in TallyPrime.

Simpler reconciliation with Potential Matches Summary: A summary view now enables you to view the count of books or bank transactions in different sections, and reconcile transactions within the section.

Bill-wise Details in Multi-Voucher Creation: Now add bill-wise details while creating multiple vouchers using bank statements.

GST Compliance Simplified

As part of your GST activities, you can now:

e-TDS & e-TCS Returns as per Income Tax Act 2025

The new return forms (138, 140, 143, 144) are now introduced. Use period-based validations to ensure e-Returns are exported from the applicable form.

Secure E-mailing with OAuth

With OAuth-based authentication, now send e-mails directly & securely from TallyPrime, using your preferred e-mail providers such as Gmail and Microsoft. ()

Accounting Enhancements

In your accounting activities, you can now:

Easy Access to TallyPrime Subscriptions

Now view all your subscriptions in a single place, for services such as TSS, TallyDrive, TallyPrime Cloud Access, and more. This helps you:

  • Check the subscription status & expiry dates.
  • Renew on time & avoid service interruptions.

TallyDrive Backup Info in Gateway of Tally

View the status of TallyDrive scheduled backups directly in the Gateway of Tally. This helps you:

  • Schedule backups, if one is not already scheduled.
  • Access the Backup Log to review & resolve failed backups.

Other Release Notes

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