Month: June 2011

Available new stat 144 from 27th June, 2011

Posted on by Tally Academy

New Stat.900 Version is available free for existing Tally User
Major Enhancement are :

Value Added Tax

Nagaland

  • Adhering to the Notification, the following new VAT/Tax Classifications are introduced for 4.75% and 13.25% VAT rates:
    • Purchases @ 4.75% / Input VAT @ 4.75%
    • Purchases @ 13.25% / Input VAT @ 13.25%
    • Purchases – Capital Goods @ 4.75%
    • Purchases – Capital Goods @ 13.25%
    • Sales @ 4.75% / Output VAT @ 4.75%
    • Sales @ 13.25% / Output VAT @ 13.25%

Punjab

  • The functionality is enhanced to capture the value of entries recorded using the VAT/Tax class – Consignment/Branch Transfer Outward (Within State) and Consignment/Branch Transfer Inward (Within State) in physical and e-VAT – Form VAT 15 and Form VAT 20.

Release details of Stat900 version 144 (PDF file)

Download Stat 144

Adhering to the Notification, the following new VAT/Tax Classifications are introduced for
4.75% and 13.25% VAT rates:
Purchases @ 4.75% / Input VAT @ 4.75%
Purchases @ 13.25% / Input VAT @ 13.25%
Purchases – Capital Goods @ 4.75%
Purchases – Capital Goods @ 13.25%
Sales @ 4.75% / Output VAT @ 4.75%
Sales @ 13.25% / Output VAT @ 13.25%

Tally.ERP 9 Series A Release 3.2, 27th June 2011

Posted on by Tally Academy

The new Tally.ERP 9 Release 3.2 is available now!

FREE for all users of Tally.ERP 9.*

Tally.ERP 9 is the latest offering of the Tally software series. As with all Tally products, rapid updates are made available for the lifetime of the product via periodic releases, thereby providing the high level of business capability that millions of users trust. Highlights include a very light product footprint, immediate access to new features and enhancements, easy data migration and more.

Major Enhancement :

Banking : The facility is provided to print the cheque with the date format – DDMMYYYY for a better user experience. The same can be configured from Cheque Printing Configuration screen by selecting applicable Style of Date format

Final Accounts : In the default Balance Sheet report the S: Schedule VI button (Alt+S) is provided to generate Balance Sheet as per the Schedule VI format of the Companies Act. In the default Profit & Loss Account report the S: Schedule VI button (Alt+S) is provided to generate Profit & Loss Account as per the Schedule VI format of the Companies Act.

Service Tax : As per Notification, the new Point of Taxation Rule (from 1-4-2011) will not be applicable on specified services viz., Chartered Accountant, Cost Accountant, Company Secretary, Architect, Interior Decorator, Legal and Scientific and Technical consultancy services if the
service provider is Individuals, Proprietary Firms and Partnership Firms. The functionality is enhanced to meet the requirements of Point of Taxation Rule.

Excise for Manufacturers : In Excise Payment voucher, the payment type – Arrears is provided to make payments towards arrears and adjust it against the required bills in the Excise Duty Allocation screen.The facility is provided to generate Tariff wise Daily Stock Register for items having same Reporting Unit of Measure

Licensing : On performing Try/Buy/Download operation from Market Place, the messages – Restarting Tally and License Updated Successfully are not displayed. This is done to minimise the number of messages for a better user-experience

And more……

The highlights of this release are listed below.

  • Facility to record Working Notes and generate Audit Working Papers
  • Track Transactions on Holidays & Weekly Offs
  • Percentage report of sample size for substantive test
  • Inter Bank Transfers Visibility
  • Tracking for Unadjusted Advances
  • Facility to track Accounts squared off during the year
  • Facility to track Highest & Lowest Value Transactions
  • Checklist of Accounting Standard (AS) Compliance
  • Checklist of Audit & Assurance Standard (AAS) Compliance
  • Schedule VI format of Balance Sheet and Profit & Loss A/c. as per Companies Act.
  • Option to retain Bank date has been provided on altering the Reconciled Voucher.
  • Excise for Manufacturers – Facility to generate Tariff wise Daily Stock Register for items having same Reporting Unit of Measure
  • The Style of Date ‘DD/MM/YYYY’ has been provided for Printing Cheques, as per the NPCI format.

Tally.ERP 9 Feature Summary:

  • Quick to install and allows incremental implementation
  • Easy to customise
  • Powerful remote capabilities to boost collaboration
  • Audit & compliance services
  • Integrated support centre
  • Security management
  • Statutory processes
  • Manufacturer’s excise
  • Payroll

Click here for release notes

Click here for download

Upcoming Features in Tally ERP 9

Posted on by Tally Academy

Tally R&D have been working hard to develop and refine these advanced functionalities/ product capabilities to keep the product up-to-speed with market requirements (read: your business) and also to release them as fast as possible.

For advance notification click here

Upcoming Features :

Available new stat 143 from 13th June, 2011

Posted on by Tally Academy

New Stat.900 Version is available free for existing Tally User
Major Enhancement are :

Payroll

  • In Payroll Income tax, the e-return facility is provided to file Form 24Q for first, second, third and fourth quarter..
  • The e-Return – Form 27A is provided for Payroll Income Tax
  • The Income Tax Report – ITR I (SAHAJ) with the Acknowledgement is provided

Value Added Tax

Delhi

  • In CST Annexure – Form 4 – Register of Interstate Sales, the row – Total is provided to capture the aggregate value of sales displayed in each column.
  • The format of Form DVAT 16 is modified as per the amendments given in the notification.

Gujarat

  • The VAT Annexure – ITC Reversal is provided to capture the reversal of input tax credit on local purchases to the extent of resale value recorded during interstate trade or used as inputs for manufacture of goods.

Karnataka

  • The facility is provided to generate e-Sugam in Excel and XML formats for e-filing.

Release details of Stat900 version 143 (PDF file)

Download Stat 143