New Stat.900 Version is available free for existing Tally User
Major Enhancement are :
VAT :
In compliance with the respective State Budgets for the Financial Year 2013-14, new classifications have been provided as per the prescribed VAT rates effective from 1st April 2013 to record transactions.
The value of entries recorded using these classifications will be currently captured only in VAT Computation report. In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using the new classifications in respective fields of VAT Forms.
The list of States with the respective VAT/Tax classifications is as follows:
For decrease in VAT rate from 5% to 3% on TMT steel bars, the following VAT/Tax  classifications are provided.
- Output VAT @ 3% / Sales @ 3%
- Input VAT @ 3% / Purchases @ 3%
- CST @ 3% / Interstate Sales @ 3%
For VAT rate of 9% on all types of footwear the following VAT/Tax classifications are provided.
- Output VAT @ 9% / Sales @ 9%
- Output VAT @ 9% (of Local Purc) / Sales @ 9% (of Local Purc)
- Output VAT @ 9% (of Purc Outside State) / Sales @ 9% (of Purc Outside State)
- Interstate Purchases @ 9%
- Input VAT @ 9% / Purchases @ 9%
- CST @ 9% / Interstate Sales @ 9%
For increase in VAT rate from 11% to 22% on bidis the following VAT/Tax classifications are provided.
- Output VAT @ 22% / Sales @ 22%
- Output VAT @ 22% (of Local Purc) / Sales @ 22% (of Local Purc)
- Output VAT @ 22% (of Purc Outside State) / Sales @ 22% (of Purc Outside State)
- Interstate Purchases @ 22%
- Input VAT @ 22% / Purchases @ 22%
- CST @ 22% / Interstate Sales @ 22%
For increase in VAT rate from 18% to 36% on cigarettes, cigar etc., the following VAT/Tax classifications are provided..
- Output VAT @ 36% / Sales @ 36%
- Output VAT @ 36% (of Local Purc) / Sales @ 36% (of Local Purc)
- Output VAT @ 36% (of Purc Outside State) / Sales @ 36% (of Purc Outside State)
- Interstate Purchases @ 36%
- Input VAT @ 36% / Purchases @ 36%
- CST @ 36% / Interstate Sales @ 36%
Jammu & Kashmir :Â
For increase in VAT rate from 30% to 40% on cigarettes, the following VAT/Tax classifications are provided.
- Output VAT @ 40% / Sales @ 40%
- Output VAT (Retail) @ 40% / Sales Retail @ 40%
- Purchase Tax @ 40%
- Interstate Purchases @ 40%
- Purchase From URDs – Taxable Goods @ 40%
- Input VAT @ 40% / Purchases @ 40%
- CST @ 40% / Interstate Sales @ 40%
For decrease in VAT rate from 5% to 3% on TMT steel bars, the following VAT/Tax  classifications are provided.
- Output VAT @ 3% / Sales @ 3%
- Input VAT @ 3% / Purchases @ 3%
- CST @ 3% / Interstate Sales @ 3%
For increase in special rate from 6.75% to 7.25%, the VAT/Tax classifications – Output VAT Â @ 7.25% (Spl.Category) / Sales to Spl. Category Dealers @ 7.25% are provided.
For change in VAT rate from 13.5% to 14.5% the following VAT/Tax classifications are provided.
- Output VAT @ 14.5% / Sales @ 14.5%
- Output VAT @ 14.5% on Transfer of Right to Use / Sales @ 14.5% – Transfer of Right to Use
- Output VAT – Works Contract @ 14.5% / Sales – Works Contract @ 14.5%
- Input Tax Credit on Purchase From URDs @ 14.5%
- Interstate Purchases @ 14.5%
- Purchase From URDs – Taxable Goods @ 14.5%
- Input VAT @ 14.5% / Purchases @ 14.5%
- Purchases – Capital Goods @ 14.5%
- Input VAT – Works Contract @ 14.5% / Purchases – Works Contract @ 14.5%
- CST @ 14.5% / Interstate Sales @ 14.5%
- Purchase Tax @ 14.5%
For increase in VAT rate from 1% to 1.10% on gold, silver and their jewellery, the following VAT/Tax classifications are provided.
- Output VAT @ 1.10% / Sales @ 1.10%
- CST @ 1.10% / Interstate Sales @ 1.10%
For change in VAT rate from 13.5% to 14.5% the VAT/Tax classification – Output VAT – Works Contract @ 14.5% / Sales – Works Contract @ 14.5% is provided.
For change in VAT rate from 4% to 5% the following VAT/Tax classifications are provided.
- Output VAT @ 5% / Sales @ 5%
- Output VAT – Works Contract @ 5% / Sales – Works Contract @ 5%Â
- Input VAT @ 5% / Purchases @ 5%
- Purchases – Capital Goods @ 5%
- Purchase From URDs – Taxable Goods @ 5%
- Interstate Purchases @ 5%Â
- CST @ 5% / Interstate Sales @ 5%
For increase in VAT rate from 20% to 25% on tobacco products and cigarettes the following VAT/Tax classifications are provided.
- Output VAT @ 25% Special Rate / Sales @ 25% Special Rate
- Input VAT @ 25% Special Rate / Purchase @ 25% Special Rate
- Interstate Purchases @ 25%
- CST @ 25% / Interstate Sales @ 25%
- In F12: Invoice Printing Configuration of sales invoice, the option – Print Form VAT-49 No. is provided. On enabling it the Sl. No. in Form VAT-49 entered in Party Details screen of sales invoice will be captured in invoice printout.
And more….
Release details of Stat900 version 193 (PDF file)
Download Stat 193