New Stat.900 Version is available free for existing Tally User
Major Enhancement are :
TDS :
- The TDS/TCS payment challan – CHALLAN NO./ITNS 281 format has been enhanced with new row Fee under sec. 234E
VAT :
Delhi :
- The e-VAT functionality for Annexures 2A and 2B are enhanced as per the latest statutory amendments.
Karnataka :
- For increase in VAT rate of Petroleum Products, the following VAT/Tax Classifications are provided with effective from August 1, 2013:
- Input VAT @ 15.65% / Purchases @ 15.65%
- Output VAT @ 15.65% / Sales @ 15.65%
- Purchase Tax @ 15.65%
- Purchase From URDs – Taxable Goods @ 15.65%
- Input Tax Credit on Purchase From URDs @ 15.65%
- Interstate Purchases @ 15.65%
- Interstate Sales @ 15.65% / CST @ 15.65%
- Input VAT @ 25% / Purchases @ 25%
- Output VAT @ 25% / Sales @ 25%
- Purchase Tax @ 25%
- Purchase From URDs – Taxable Goods @ 25%
- Input Tax Credit on Purchase From URDs @ 25%
- Interstate Purchases @ 25%
- Interstate Sales @ 25% / CST @ 25%
- Input VAT @ 28% / Purchases @ 28%
- Output VAT @ 28% / Sales @ 28%
- Purchase Tax @ 28%
- Purchase From URDs – Taxable Goods @ 28%
- Input Tax Credit on Purchase From URDs @ 28%
- Interstate Purchases @ 28%
- Interstate Sales @ 28% / CST @ 28%
The value of entries recorded using VAT/Tax classifications provided for new VAT rates will be currently captured only in VAT Computation report.
Note: In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the values of entries taxable at 15.65%, 25% and 28% VAT rates in VAT Forms