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The Government of Kerala, India, announced its official support for Free/Open-Source software in its State IT Policy of 2001. [6] This was formulated after the first-ever free-software conference in India, "Freedom First!", held in July 2001 in Thiruvananthapuram, the capital of Kerala, where Richard Stallman inaugurated the Free Software Foundation of India. [7]
Corporate tax compliance software has also been in existence for years, more often than not within the company's Finance & Accounting software or financial module of ERPs. These suites have the facilities to maintain the company's General Ledger, Cash Management, Accounts Payable, Accounts Receivable, Fixed Assets along with some basic taxes.
GNUKhata has been described as "an [Indian-focussed] accounting and inventory software". [2] Ankush Das, writing in ITSFOSS.com, describes the product as: "GNU Khata is an accounting tool. Or shall I say a collection of accounting tools? It is like the Evernote of economy management. It is so versatile that it can be used from personal Finance ...
In 2016, Tally Solutions was shortlisted as a GST Suvidha Provider to provide interface between the new Goods and Services Tax (GST) server and taxpayers, and in 2017, the company launched its updated GST compliance software. [14] [15] In 2020, the company released TallyPrime. [16] [17] In 2022, they introduced TallyPrime Edit Log. [18]
The GST replaced existing multiple taxes levied by the central and state governments. Also, to boost GST billing in India, the Government of India, in association with state governments, has launched an "Invoice Incentive Scheme" (Mera Bill Mera Adhikaar). This will encourage the culture of customers asking for invoices and bills for all purchases.
The company also diversified into e-sign service [23] and was shortlisted as the GSP (GST Suvidha Provider) by GSTN (GST Network) in 2017. [24] In 2018, IDBI Bank sold its entire 30% stake to IIFL Wealth Management. [25] In 2020, it expanded its operations by establishing a wholly-owned subsidiary, Protean Account Aggregator Limited. [26]
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