New Stat.900 Version is available free for existing Tally User
Major Enhancement are :
VAT :
Karnataka :Â
- For the revised VAT rates of 5.5% and 14.5%, the following VAT/Tax Classifications are provided effective from August 1, 2012:
VAT/Tax Classifications for Purchases/Input VAT
- Input VAT @ 5.5% / Purchases @ 5.5%
- Input VAT @ 14.5% / Purchases @ 14.5%
- Input VAT – Works Contract @ 5.5% / Purchases – Works Contract @ 5.5%
- Input VAT – Works Contract @ 14.5% / Purchases – Works Contract @ 14.5%
- Purchases – Capital Goods @ 5.5%
- Purchases – Capital Goods @ 14.5%
- Purchase Tax @ 5.5%
- Purchase Tax @ 14.5%
- Purchase From URDs – Taxable Goods @ 5.5%
- Purchase From URDs – Taxable Goods @ 14.5%
- Input Tax Credit on Purchase From URDs @ 5.5%
- Input Tax Credit on Purchase From URDs @ 14.5%
VAT/Tax Classifications for Sales/Output VAT
- Output VAT @ 5.5% / Sales @ 5.5%
- Output VAT @ 14.5% / Sales @ 14.5%
- Output VAT – Works Contract @ 5.5% / Sales – Works Contract @ 5.5%
- Output VAT – Works Contract @ 14.5% / Sales – Works Contract @ 14.5%
VAT/Tax Classifications for Interstate Transactions
- Interstate Purchases @ 5.5%
- Interstate Purchases @ 14.5%
- CST @ 5.5% / Interstate Sales @ 5.5%
- CST @ 14.5% / Interstate Sales @ 14.5%
The value of entries recorded using the aforesaid classifications will be currently captured only in VAT Computation report.
Note: In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using VAT/Tax classifications provided for 5.5% and 14.5% VAT rates in VAT Forms.
Excise for Manufacturers :Â
- In Annexure 10 the column – Nature of Supplier is provided
Release details of Stat900 version 177 (PDF file)
Download Stat 177
Excise for manufacturers