Available new stat 161 from 09th January, 2012

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

Major Enhancement are :

Value Added Tax

Andhra Pradesh :

• The works contract functionality is introduced to record works contract transactions, the following VAT/Tax classifications are provided effective from:
• April 1, 2011

1. Input VAT – Works Contract @ 4% / Purchases – Works Contract @ 4%
2. Input VAT – Works Contract @ 12.5% / Purchases – Works Contract @ 12.5%
3. Input VAT – Works Contract @ 14.5% / Purchases – Works Contract @ 14.5%
4. Output VAT – Works Contract @ 4% / Sales – Works Contract @ 4%
5. Output VAT – Works Contract @ 12.5% / Sales – Works Contract @ 12.5%
6. Output VAT – Works Contract @ 14.5% / Sales – Works Contract @ 14.5%

• September 14, 2011

1. Input VAT – Works Contract @ 5% / Purchases – Works Contract @ 5%
2. Output VAT – Works Contract @ 5% / Sales – Works Contract @ 5%

The value of entries recorded using the aforesaid classifications will be currently captured only in 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 4%, 5%, 12.5% and 14.5% VAT rates in VAT Forms.

Maharashtra :

• The values of entries recorded using VAT/Tax class provided for 3% VAT/CST rate are captured in respective fields of physical and e-VAT – Form VAT 231, 233 and CST Form III(E).

Odisha :

• The revised physical and e-VAT Forms and Annexures, physical and e-CST Form- I and Composite Form VAT – 002 are provided with enhanced functionality to support transactions recorded using VAT/Tax classifications activated for 10% and 25% VAT rates.

Punjab :

• The functionality is enhanced to capture the value of entries recorded using the VAT/Tax classifications in physical and e-VAT Forms and Annexures:
  1. Job work taxable at 1%, 4%, 5%, 12.5% and 20% VAT rates
  2. Works contract taxable at 1%, 2%, 4%, 5%, 12.5% and 20% VAT rates
• The revised VAT Payment challan – Form VAT 2 is provided.
• The functionality of e-VAT Form 15 is enhanced as per the requirements of latest e-VAT template.

Rajasthan :

• The revised Composite return – Form VAT 11 is provided

Release details of Stat900 version 161 (PDF file)

Download Stat 161