A statutory report is a type of Tally transaction that requires special attention because of its unique features. It has to be processed by a Tally support representative.
A statutory report is a type of transaction in Tally.
It is an automated transaction which means the processing is done by a computer without human intervention and with no possibility for human error.
The transactions are designed to generate reports with information about the units, units moved, and active units in each specific time period. Because these types of transactions are not designed for any specific business purpose, they have been included as part of the standard set-up.