Available new stat 254 from 3rd February, 2016

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

Major Enhancement are :

Vat

Rajasthan :

    • In adherence to the notification, to support the VAT rate revision from 5% to 5.5%, the following VAT/Tax classifications are provided, effective from 2nd Feb 2016:
      • CST @ 5.5/Interstate Sales @ 5.5%
      • Output VAT @ 5.5%/Sales @ 5.5%
      • Purchase Tax @ 5.5%
      • Output VAT –Works Contract @ 5.5%/Sales – Works Contract @ 5.5%
      • Input VAT @ 5.5%/Purchases @ 5.5%
      • Purchase From URDs –Taxable Goods @ 5.5%
      • Input VAT @ 5.5 (Lease)/Purchases @ 5.5 % (Lease)
      • Purchases – Capital Goods @ 5.5%
      • Interstate Purchases @ 5.5%

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.

And more….

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