Available new stat 237 from 12th January, 2015

Odisha :

• • CST @ 23%/ Interstate Sales @23%
  • Output VAT @23%/ Sales @ 23%
  • Sales – Schedule C items @ 23%
  • Interstate Purchases @ 23%
  • Input VAT @23%/ Purchase @ 23%
  • Purchases – Schedule C items @ 23%
    Note : Currently, the values of transactions recorded using the classifications provided for 23% VAT rate will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of the entries in VAT forms.

   

Puducherry :

• To support interstate purchases and sales for multiple rates of CST, the following VAT/Tax Classifications have been provided:
  • CST @ 2% Against Form C/ Interstate Sales @ 2% Against Form C
  • CST @ 0.50%/ Interstate Sales @0.50 %
  • CST @ 1%/ Interstate Sales @1%
  • Interstate Purchase @ 2% Against Form C
  • CST @ 3%/ Interstate Sales @ 3%
  • CST @ 4%/ Interstate Sales @ 4%
  • CST @ 5%/ Interstate Sales @ 5%
  • CST @ 6%/ Interstate Sales @ 6%
  • CST @ 8%/ Interstate Sales @ 8%
  • CST @ 10%/ Interstate Sales @ 10%
  • CST @ 12.5%/ Interstate Sales @ 12.5%
  • CST @ 14%/ Interstate Sales @ 14%
  • CST @ 14.5%/ Interstate Sales @14.5%
  • CST @ 15%/ Interstate Sales @15%
  • CST @ 20%/ Interstate Sales @20%
  • CST @ 35%/ Interstate Sales @35%
  • Inter -State Sales Exempted
  • Inter State Sales Against Form E1
  • Inter State Sales Against Form E2
    Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using these VAT/Tax classifications in relevant forms
• In adherence to the notification, to support the new VAT rate of 20% for cigarettes, the VAT/Tax classifications Purchases @ 20% and Input VAT @ 20% have been provided, with effect from 16 October, 2014:
  Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using VAT/Tax classifications provided for 20% VAT rate in relevant VAT forms.

Rajasthan :

• New VAT/Tax classifications CST @ 0.25% and Interstate Sales@ 0.25% have been provided to record interstate sales at 0.25% CST rate.
  Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using VAT/Tax classifications provided for 0.25% CST rate in relevant forms.
•  In adherence to the notification, to support the increase in VAT rates of diesel and petrol, the following VAT/Tax classifications have been provided:
  Diesel (from 18% to 22%)
  • CST @ 22%/ Interstate Sales @ 22%
  • Purchase Tax @ 22%
  • Output VAT @ 22% Special Rate/ Sales @ 22% Special Rate
  • Input VAT @ 22% Special Rate/ Purchase @ 22% Special Rate
  • Purchase from URDs – Special Rate @ 22%
    Petrol (from 26% to 30%)
  • CST @30%/ Interstate Sales @30%
  • Purchase Tax @ 30
  • Output VAT @30% Special Rate/ Sales @30% Special Rate
  • Input VAT @ 30% Special Rate/ Purchase @ 30% Special Rate
  • Purchase From URDs – Special Rate @30%
    Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using VAT/Tax classifications provided for 22% and 30% VAT rates in relevant forms.

Sikkim :

• • CST @ 1%/ Interstate Sales @ 1%
  •  CST@ 1.10%/ Interstate Sales @ 1.10%
  • CST @ 4%/ Interstate Sales @ 4%
  • CST @ 4.5%/ Interstate Sales @ 4.5%
  • CST @ 12.5%/ Interstate Sales @ 12.5%
  • CST @ 13.5%/ Interstate Sales @ 13.5%
  • CST @ 22%/ Interstate Sales @ 22%
  • CST @ 25%/ Interstate Sales @ 25%
  • CST @2% Against Form C/ Interstate Sales @ 2% Against Form C
    Interstate Purchase @ 2% Against Form
    Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries
    recorded using these VAT/Tax classifications in relevant forms.
• Adhering to the notification, new VAT/Tax classifications have been provided to support VAT rate changes for:
  Schedule II Goods:
  • Input VAT @1.10%/ Purchases @ 1.10%
  • Output VAT @1.10%/ Sales @ 1.10%
  • Output VAT @1.10% to URDs
  • Purchases From URDs – Taxable Goods @ 1.10%
    For Schedule III (other than declared) and Schedule IV Goods
  •  Input VAT @4.5%/ Purchase @ 4.5%
  • Output VAT @4.5%/ Sales @ 4.5%
  • Output VAT @4.5% to URDs
  • Purchases From URDs – Taxable Goods @ 4.5%
  • Purchase – Capital Goods @ 4.5%
    For Schedule V Goods
  •  Input VAT @13.5%/ Purchase @ 13.5%
  • Output VAT @13.5%/ Sales @ 3.5%
  • Output VAT @13.5% to URDs
  • Purchases From URDs – Taxable Goods @ 13.5%
  • Purchase – Capital Goods @ 13.5%
    For Schedule VI Goods
  • Input VAT @ 22%/ Purchase @ 22%
  • Output VAT @ 22%/ Sales @ 22%
    For all types of Liquor, Beer and other alcoholic drinks
  •  Input VAT @25%/ Purchase @ 25%
  • Output VAT @25%/ Sales @ 25%
    Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries
    recorded using these VAT/Tax classifications in relevant forms.

Uttarakhand :

• In adherence to the notification, to support the change in VAT rate for Timber and liquor from 20% to 15%, the following VAT/Tax classifications have been provided, with effect from 25 December, 2014:
  •  Input VAT @ 15%/ Purchase @ 15%
  •  Purchase From URDs –Taxable Goods @15%
  •  Purchase From URDs – SCG @15%
  • Output VAT @ 15%/ Sales @ 15%
  • Output VAT @ 15% (of Purc Outside State)/ Sales @15% (of Purc Outside State)
  • Output VAT @ 15% (of Purc Outside State) – SCG/ Sales @15% (of Purc Outside State)-SCG
  •  Output VAT @ 15% – Spl. Category Goods/ Sales @15% – Spl. Category Goods
  • CST @ 15%/ Interstate Sales @15%
  • Purchase Tax @ 15%
    Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using VAT/Tax classifications provided for 15% VAT rate in relevant forms.
• In adherence to the notification, to support the new VAT rate of 9% for Sand, gravel, riverbed material (RBM), boulders, crushed stone, stone blast, gret stone, gitti (stone) and stone dust, with effect from 17 December, 2104
• • Input VAT @ 9%/ Purchase @ 9%
  • Output VAT @ 9%/ Sales @ 9%
  • Purchase From URDs –Taxable Goods @ 9%
  • Purchase Tax @ 9%
  • CST@9%/ Interstate Sales @ 9%
    Note :  Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.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% VAT rate in relevant forms

And more….

Download Stat 237