What's New in TallyPrime 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
– Get access to ready-to-use predefined templates.
Explore simple and rich personalisation options: Add logos, watermarks, header/footer images, with custom fonts and colours to highlight key details, and include terms & conditions for clear communication.
Save and set your preferred template as default for each voucher type.
- 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:
Stay logged in to your GST account for up to 30 days. This helps in uninterrupted invoice uploads for high-volume taxpayers.
Record sales of tobacco goods with tax-inclusive MRP for GST calculation.
Validate HSN/SAC from masters & reports such as GSTR‑1 & HSN/SAC Summary.
Exclude transactions that do not require an e‑Way Bill, directly in the voucher.
Update the GST Return Effective Date for All Returns at once or for specific returns such as GSTR‑1, GSTR‑2A, GSTR‑2B & GSTR‑3B.
Generate e‑Way Bills for gold and precious stone supplies within Kerala, without needing to enter Part B or Transport details.
- 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:
Flexibly apply discounts, as Percentage, Amount, or Both, in your transactions. transactions.
Quickly access and reuse the deleted voucher numbers in any voucher.
- 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.

