New Stat.900 Version is available free for existing Tally User
Major Enhancement are :
Vat
Delhi :
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As per the notification, to support the revised VAT rate of 16.75% on Diesel, the following VAT/Tax classifications are provided, effective from 6th May 2016:
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CST @ 16.75%/Interstate Sales @ 16.75%
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Input VAT @ 16.75%/Purchases @ 16.75%
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Input VAT – Works Contract @ 16.75%/Purchases – Works Contract @ 16.75%
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Interstate Purchases @ 16.75%
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Output VAT @ 16.75%/Sales @ 16.75%
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Output VAT – Works Contract @ 16.75%/Sales – Works Contract @ 16.75%
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Purchases – Capital Goods @ 16.75%
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- As per the notification, to support revised VAT rate of 18% on Diesel (High Speed Diesel, Super Light Diesel Oil, Light Diesel Oil), the following VAT/Tax classifications are provided, effective from 18th January 2016:
- CST @ 18%/Interstate Sales @ 18%
- Input VAT @ 18%/Purchases @ 18%
- Input VAT – Works Contract @ 18%/Purchases – Works Contract @ 18%
- Interstate Purchases @ 18%
- Output VAT @ 18%/Sales @ 18%
- Output VAT – Works Contract @ 18%/Sales – Works Contract @ 18%
- Purchases – Capital Goods @ 18%
- As per the notification, to support revised VAT rate of 27% on Petrol (Motor Spirit), the following VAT/Tax classifications are provided, effective from 18th January 2016:
- CST @ 27%/Interstate Sales @ 27%
- Input VAT @ 27%/Purchases @ 27%
- Output VAT @ 27%/Sales @ 27%
- Interstate Purchases @ 27%
Note: Currently, the values of transactions recorded using the above classifications will be captured in the VAT Computation report. The relevant VAT forms will be enhanced in future releases to capture values from transactions recorded using these classifications.
Jammu and Kashmir
- As per the notification, to support the revised VAT rate from 13.5% to 14.5% on Schedule D items, the following VAT/Tax classifications are provided, effective from 31st May 2016:
- CST @ 14.5%/Interstate Sales @ 14.5%
- Input VAT @ 14.5%/Purchases @ 14.5%
- Interstate Purchases @ 14.5%
- Output VAT @ 14.5%/Sales @ 14.5%
- Output VAT (Retail) @ 14.5%/Sales (Retail) @ 14.5%
- Purchase From URDs – Taxable Goods @ 14.5%
- Purchases – Capital Goods @ 14.5%
- Purchase Tax @ 14.5%
Note: Currently, the values of transactions recorded using the above classifications will be captured in the VAT Computation report. The relevant VAT forms will be enhanced in future releases to capture values from transactions recorded using these classifications.
Uttarakhand
- As per the notification, to support the revised VAT rate of 10%, the following VAT/Tax classifications are provided, effective from 8th May 2015:
- Input VAT @ 10%/Purchases @ 10%
- Output VAT @ 10%/Sales @ 10%
- Output VAT @ 10% (of Purc Outside State)/Sales @ 10% (of Purc Outside State)
- Output VAT @ 10% (of Purc Outside State) – SCG/Sales @ 10% (of Purc Outside State) – SCG
- Output VAT @ 10% – Spl. Category Goods/Sales @ 10% – Spl. Category Goods
- Purchase From URDs – SCG @ 10%
- Purchase From URDs – Taxable Goods @ 10%
- Purchase Tax @ 10%
Note: Currently, the values of transactions recorded using the above classifications will be captured in the VAT Computation report. The relevant VAT forms will be enhanced in future releases to capture values from transactions recorded using these classifications.
And more….