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

Major Enhancement are :

Vat

Chandigarh :

• In adherence to the notification, to support the new VAT rate of 14.3%on batteries and 9.35% on mobiles, the following VAT/Tax classifications have been provided, effective from 18 April, 2015:

  Battery
  • CST @ 14.3%/Interstate Sales @ 14.3%
  • Input VAT @ 14.3%/Purchase @ 14.3%
  • Interstate Purchases @ 14.3%
  • Output VAT @ 14.3%/Sales @ 14.3%
  • Output VAT – Works Contract @ 14.3%/Sales-Works Contract @ 14.3%
  • Purchase From URDs – Taxable Goods @ 14.3%
  • Purchases – Capital Goods @ 14.3%
  • Purchase Tax @ 14.3%
  • Purchases – Capital Goods @ 14.3% (Notional)

Note: Currently, the values of transactions recorded using the aforesaid classifications for VAT rates 14.3%, 9.35%, and the transactions against Form – H will be captured in the VAT Computation report. In the forthcoming product release, the functionality will be enhanced to
capture the values of entries recorded, in the relevant VAT Forms.

Jharkhand :

• In adherence to the notification, to support the new VAT rate of 2.5% applicable on iron and steel the following VAT/Tax classifications have been provided, effective from 10 April, 2015::
  • CST @ 2.5%/Interstate Sales @ 2.5%
  • Input VAT @ 2.5%/ Purchases @ 2.5%
  • Interstate Purchases @ 2.5%
  • Output VAT @ 2.5%/Sales @ 2.5%
  • Output VAT – Works Contract @ 2.5%/Sales-Work Contract @ 2.5%
  • Purchase From URDs – Taxable Goods @ 2.5%
  • Purchase Tax @ 2.5%
  • Purchases – Capital Goods @ 2.5%
    Note: Currently, the values of transactions recorded using the aforesaid classifications will be captured in the VAT Computation report. In the forthcoming product release, the functionality will be enhanced to capture the values of entries recorded, in the relevant VAT Forms.