Month: September 2012

Available new stat 182 from 28th September, 2012

Posted on by Tally Academy

New Stat.900 Version is available free for existing Tally User

Major Enhancement are :

VAT :

Bihar : 
  • VAT/Tax class – Output VAT @ 16% on Diesel / Sales – HSD and LDO @ 16% is provided.
Punjab : 
  • Input VAT @ 1.50%/Purchases @ 1.50%
  • Output VAT @ 1.50%/Sales @ 1.50%
  • Purchase Tax @ 1.50%
Uttar Pradesh : 
  • Output VAT (Retail) @ 30% (Non VATable) / Sales Retail @ 30% (Non VATable)
  • Output VAT (Retail) @ 50% (Non VATable) / Sales Retail @ 50% (Non VATable)
Dadra & Nagar Haveli : 

  • The facility to record inter-state transactions at multiple CST rates in a single invoice is provided with enhanced CST functionality.
Himachal Pradesh : 
  • The facility to record inter-state transactions at multiple CST rates in a single invoice is provided with enhanced CST functionality

Release details of Stat900 version 182 (PDF file)

Download Stat 182

Available new stat 181 from 18th September, 2012

Posted on by Tally Academy

New Stat.900 Version is available free for existing Tally User

Major Enhancement are :

Excise for Dealers : 

  • Multi Address facility is enhanced to capture the ECC as per the Address Type selected while recording Supplier’s Details in Excise Purchase Invoice, instead of the ECC provided in Party Ledger

Excise for Manufacturers : 

  • Facility has been provided in Form ER-8 to capture values of entries recorded with Excise Duty at 2%.

Payroll : 

  • For those who make quarterly TDS payment, E-TDS return has been enhanced to capture Amount Credited and TDS Deducted for the quarter
  • In the IT Computation sheet of Form 16, Form 12BA and ITR-1 the list of employees and values gets displayed based on their date of joining and resignation.

Service Tax : 

  • The notification number predefined in the income/expense ledger master selected while invoicing sale of taxable services gets captured in the invoice printout.

Tax Deducted at Source : 

  • The change in Surcharge rate from 2 to 2.5% for Company Non-Resident is incorporated and the revised rate of 2.5% is provided. Also, surcharge has been removed for Individual Non – Residents.

VAT :

Maharashtra : 
  • Physical returns – Form 231, 232, 233 and CST Form III(E) are enhanced as per the version 1.5.0 of e-return templates.
Assam : 
  • Form 14 is provided to facilitate filing of annual returns.
Karnataka : 
  • The functionality of VAT Form 100 is enhanced to capture the value of entries recorded using the VAT/Tax Classifications provided for 5.5%, 14.5% and 17% VAT rates

Release details of Stat900 version 181 (PDF file)

Download Stat 181

Available new stat 180 from 8th September, 2012

Posted on by Tally Academy

New Stat.900 Version is available free for existing Tally User

Major Enhancement are :

VAT :

Uttar Pradesh : 

For levy of additional tax at revised rate of 1.5% on commodities taxable at 12.5% the following VAT/Tax classifications are provided effective from September 8, 2012:

    • Input VAT @ 12.5% (Addl.Tax @ 1.5% Applicable) / Purchases @ 12.5% (Addl.Tax @ 1.5% Applicable)
    • Purchases – Capital Goods @ 12.5% (Addl.Tax @ 1.5% Applicable)
    • Purchase Tax @ 12.5% (Addl.Tax @ 1.5% Applicable)
    • Output VAT @ 12.5% (Addl.Tax @ 1.5% Applicable) / Sales @ 12.5% (Addl.Tax @ 1.5%  Applicable)
    • Output VAT (Retail) @ 12.5% (Addl.Tax @ 1.5% Applicable) / Sales Retail @ 12.5%
    • (Addl.Tax @ 1.5% Applicable)
    • CST @ 12.5% (Addl.Tax @ 1.5% Applicable) / Interstate Sales @ 12.5% (Addl.Tax @ 1.5% Applicable)
    • Additional Purchase Tax @ 1.5%
    • Additional Tax @ 1.5% on CST
    • Additional Tax on Purchase of Capital Goods @ 1.5%
    • Input Additional Tax @ 1.5%
    • Input Tax Credit on Purchase From URDs @ 12.5% (Addl.Tax @ 1.5% Applicable)
    • Output Additional Tax @ 1.5%
    • Purchases – Composition Tax @ 12.5% (Addl.Tax @ 1.5% Applicable)
    • Composition Additional Tax @ 1.5%

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 12.5% VAT rate attracting 1.5% additional tax in VAT, Composite VAT and CST Forms.

Release details of Stat900 version 180 (PDF file)

Download Stat 180

Tally.ERP 9 Series A Release 3.62 5th September, 2012

Posted on by Tally Academy

The new Tally.ERP 9 Release 3.62 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 :

Printing Mixed Orientation : 

Tally.ERP.9 now provides you the capability to print the reports with mixed orientation, i.e. both Portrait and Landscape format in the same report. Depending on the information in the report tally decides to print details in Portrait or Landscape without any configuration.
Currently, this feature is enabled for Audit & Compliance reports.
Mixed orientation is supported while:

  • Printing reports in Neat Mode
  • Exporting reports in PDF format.

 

Functional Enhancements :

Banking :

Auto Bank Reconciliation capabilities have been enhanced for more file types of already supported Banks.

TDS : 

TDS Zero Rate Section Number – 197A Zero Rate has been changed to 197A Zero Rate (Form 15G/15H). The changed Section Number is not applicable for Deductee Types – Company Non Resident and Individual/HUF – Non Resident.
Note: Form 15G/15H is a declaration form issued to Assessee for ZERO Rate TDS

And more……

 

The highlights of this release are listed below.

  • Optimised Product Performance
  • Enhanced Audit Capabilities
  • Banking Enhancements
  • Integrated Communication
  • Live Update
  • Enhanced Password Security

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

Available new stat 179 from 3rd September, 2012

Posted on by Tally Academy

New Stat.900 Version is available free for existing Tally User

Major Enhancement are :

VAT :

Punjab : 
  • Effective from September 3, 2012 the VAT/Tax classifications are :
    • Introduced for 3% VAT rate to account for purchase tax.
    • Provided for increase in tax rate by 0.5% on the existing VAT rates of 4%, 5%, 8%, 8.25%, 12.5%, 20%, 27.5% as per the amendment in Schedule B, C-1, D, E and F of the VAT Act.

The value of entries recorded using VAT/Tax classifications provided for new/revised 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 3%, 4.5%, 5.5%, 8.5%, 8.75%, 13%, 20.5% and 28% VAT rates in VAT Forms.

 

Uttar Pradesh : 
  • Effective from September 1, 2012 the VAT/Tax classifications are provided to record entries taxable at 30% VAT rate as per the amendment in Schedule IV of the VAT Act.
    The value of entries recorded using these 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 30% VAT rate in VAT Forms.

Release details of Stat900 version 179 (PDF file)

Download Stat 179