New Stat.900 Version is available free for existing Tally User
Major Enhancement are :
TDS :
The following new Natures of Payments applicable from June 1, 2013 have been provided
- Income by way of interest on certain bonds and Government Securities.
- Payment on transfer of certain immovable property other than agricultural land.
VAT :
Delhi :
- If there are more than one TIN for a party ledger, then the transaction details will be captured in separate rows of Annexure 2A and 2B based on the TIN entered in Party Details screen of the invoice.
- As per statutory requirements, the Annexure 2C for details of debit/credit notes related to Purchases has been provided.
- As per statutory requirements, the Annexure 2D for details of debit/credit notes related to Sales has been provided.
Maharashtra :
- The e-VAT feature is enhanced to facilitate export of data to the excel template – Form 501 -Â the Application for refund under section 51 of the Maharashtra Value Added Tax Act, 2002
- The physical Annexures J1 and J2 are provided as per e-VAT Annexures J1 and J2.
- Tally.ERP 9 has initiated to support Local Body Tax by providing the facility to enter and print Registration Details. Users can now enter registration details in Company masters and Ledger masters and print the same in invoices along with the declaration
Tamil Nadu :
- The VAT Form I and Annexures I and II are enhanced as per the latest statutory requirements.
Uttar Pradesh :
To account for the reduction in VAT rate from 50% to 25% on cigarettes, the following VAT/Tax classifications are provided:
- Input VAT @ 25% / Purchases @ 25%
- Purchases @ 25% (Non VATable)
- Purchase From URDs – Non Taxable Goods @ 25%
- Purchase From URDs – Taxable Goods @ 25%
- Input Tax Credit on Purchase From URDs @ 25%
- Interstate Purchases @ 25%
- Output VAT @ 25% / Sales @ 25%
- Output Tax @ 25% (Non VATable) / Sale @ 25% (Non VATable)
- Output VAT (Retail) @ 25% / Sales Retail @ 25%
- Output VAT (Retail) @ 25% (Non VATable) / Sales Retail @ 25% (Non VATable)
- Purchase Tax @ 25% (Non VATable)
- CST @ 25% / Interstate Sales @ 25%
- 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 25% VAT rate in VAT Forms.
And more….
Release details of Stat.900 version 197 (PDF file)