Month: October 2014

Available new stat 235 from 21st October, 2014

Posted on by Tally Academy

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

Major Enhancement are :

Vat

Haryana :

  • As per the latest amendments, the following new VAT/Tax classifications are provided to support the new VAT rate of 2% for Oil Cakes, All kinds of pulses and Edible Oil with effect from 26th August 2014 :
    • Purchase @ 2% Tax Rate / LP-7A-2%
    • Purchase – Works Contract @ 2% Tax Rate / LP-7A- Works Contract @ 2%
    • Purchase of Goods at Lower Rate of Tax – 2% / LP-7B-2%
    • Sales @ 2% Tax Rate / LS-9A-2%
    • Sales – Works Contract @ 2% Tax Rate / LS-9A- Works Contract @ 2%
    • Sale of Goods at Lower Rate of Tax – 2% / LS-9B-2%
    • Sale of Goods to Unregistered Dealers @ 2% Rate / LS-9C-2%
    • Sale of Goods to Unregistered Dealers @ 2% Lower Rate / LS-9C-2% (Lower Rate)

    The value of transactions recorded using the aforesaid classifications will be captured only in the 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 2% VAT rate in relevant VAT Forms.

Himachal Pradesh :

  • As per the latest amendment, the following new VAT/Tax classifications are provided to support the VAT rate change from 25% to 27% for Motor-Spirit (Petrol including Aviation Turbine Fuel and Diesel) with effect from 18th October 2014 :
    • Interstate Sales @ 27% / CST @ 27%
    • Sales @ 27% / Output VAT @ 27%
    • Sales @ 27% (of Local Purc) / Output VAT @ 27% (of Local Purc)
    • Sales @ 27% (of Purc Outside State) / Output VAT @ 27% (of Purc Outside State)

The value of transactions recorded using the aforesaid classifications will be captured only in the 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 27% VAT rate in relevant VAT Forms.

Kerala :

  • As per the latest amendments, the following new VAT/Tax classifications are provided to support the VAT rate change from 22% to 30% for Tobacco Products with effect from 10th October 2014 :
    • Purchases @ 30% / Input VAT @ 30%
    • Sales @ 30% / Output VAT @ 30%

    The value of transactions recorded using the aforesaid classifications will be captured only in the 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 relevant VAT Forms.

Odisha :

  • As per the latest amendments, the following new VAT/Tax classifications are provided to support the new VAT rate of 2% for Aero engines including components and spare parts with effect from 30th September 2014 :
    • Purchases @ 2% / Input VAT @ 2%
    • Sales @ 2% / Output VAT @ 2%

    The value of transactions recorded using the aforesaid classifications will be captured only in the 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 2% VAT rate in relevant VAT Forms.

Punjab :

  • As per the latest amendments, the following new VAT/Tax classifications are provided to support the VAT rate change from 8.75% to 9.75% for Diesel Products with effect from 1st October 2014 :
    • Purchases @ 9.75% / Input VAT @ 9.75%
    • Sales @ 9.75% / Output VAT @ 9.75%
    • Purchase From URDs – Taxable Goods @ 9.75% / Purchase Tax @ 9.75%

    The value of transactions recorded using the aforesaid classifications will be captured only in the 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 9.75% VAT rate in relevant VAT Forms.

Tripura :

  • As per the latest amendments, the following new VAT/Tax classifications are introduced to support the VAT rate change from 35% to 25% of Tobacco & Tobacco products including Cigarettes & Gutka with effect from 29th September 2014 :
    • Purchases @ 25% / Input VAT @ 25%
    • Sales @ 25% / Output VAT @ 25%

    The value of transactions recorded using the aforesaid classifications will be captured only in the 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 relevant VAT Forms

And more….