New Stat.900 Version is available free for existing Tally User
Major Enhancement are :
Vat
Chandigarh :
-
Adhering to the notification, the following new VAT/Tax classifications for 8% and 9.68% VAT rates are introduced, with effect from November12, 2014
- Purchases @ 8%/ Input VAT @ 8%
- Purchases @ 8%(Job work)/ Input VAT @ 8% (Job Work)
- Sales @ 8%/ Output VAT @ 8%
- Sales – Works Contract @ 8%/ Output VAT – Works Contract @ 8%
- Interstate Sales @ 8%/ CST@ 8%
- Purchases @ 9.68%/ Input VAT @ 9.68%
- Purchases @ 9.68%(Job work)/ Input VAT @ 9.68% (Job Work)
- Sales @ 9.68%/ Output VAT @ 9.68%
- Sales – Works Contract @ 9.68%/ Output VAT – Works Contract @ 9.68%
- Interstate Sales @ 9.68%/ CST@ 9.68%
Currently, the value of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.
Note: In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the values of entries recorded using VAT/Tax classifications provided for 8% and 9.68% VAT rates in relevant VAT Forms.
Haryana :
- Adhering to the notification, the following new VAT/Tax classifications for 11.5% VAT rate are introduced, with effect from November 26, 2014:
- Purchase @ 11.5% Tax Rate/LP-7A-11.5%
- Sale of Goods to Unregistered Dealers @ 11.5% Rate/LS-9C-11.5%
- Sale Outside the State (of Purc Outside State) @ 11.5%/LS-1-11.5%
- Sale in the Course of Inter-State Trade @ 11.5%/LS-2-11.5%
- Sales @ 11.5% Tax Rate/LS-9A-11.5%
Currently, the values of entries recorded using these classifications are being captured only in the VAT Computation report.
Note: In the forthcoming Stat.900 releases, this functionality will be enhanced to capture the values of entries recorded using VAT/Tax classifications provided for 11.5% VAT rate in relevant VAT Forms.
Kerala :
- The following VAT/Tax classifications have been provided to support the VAT rate change, with effect from 19 November, 2014:
- Sales@22.07% (Non VATable) for Diesel
- Sales@28.72% (Non VATable) for Petrol
Currently, the values of entries recorded using these classifications are being captured only in the VAT Computation report.
Note: In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using the aforementioned classifications in relevant VAT forms.
Madhya Pradesh :
- The VAT/Tax class Sales- Composition Tax @ 5% has been provided. The value of entries recorded using this classification is currently captured only in the VAT Computation report.Note: In the forthcoming Stat.900 releases, this functionality will be enhanced to capture the value of entries recorded using this VAT/Tax classification in relevant VAT forms.
Maharashtra :
- Adhering to the notification, the following new VAT/Tax classifications have been provided to support the new VAT rate of 5% for notified construction contracts.
- Sales – Composition Tax @ 5% (Construction)
- Composition Tax @ 5% (Construction)
Note: In the forthcoming Stat.900 releases, this functionality will be enhanced to capture the values of entries recorded using VAT/Tax classifications provided for 5% VAT rate in VAT Forms.
Mizoram :
- In adherence to the notification, increase in VAT rate for Cigarettes, Cigar, Cigarillos, and Vaihlo from 13.5% to 20%, the following VAT/Tax Classifications have been provided:
- Purchases @ 20%/ Input VAT @ 20%
- Purchases @ 20%(Job work)/ Input VAT @ 20% (Job Work)
- Sales @ 20%/ Output VAT @ 20%
- Sales – Works Contract @ 20%/ Output VAT – Works Contract @ 20%
- Interstate Sales @ 20%
Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.
Note: In the forthcoming Stat.900 releases, this functionality will be enhanced to capture the value of entries recorded using VAT/Tax classifications provided for 20% VAT rate in VAT Forms
Punjab :
- To support the increase in VAT rate from 8.25% to 11.25% on diesel other than premium diesel under Schedule E, the following VAT/Tax classifications have been provided:
- Purchases @ 11.25%/Input VAT @ 11.25%
- Sales @ 11.25%/Output VAT @ 11.25%
- Purchases from URDs Taxable @ 11.25%/ Purchase Tax @ 11.25%
Tamil Nadu :
- To support the increase in VAT rate from 20% to 30% the following VAT/Tax classifications have been provided with effect from November 1, 2014:
- Purchases @ 30%/Input VAT @ 30%
- Sales @ 30%/ Output VAT @ 30%
Note: In the forthcoming Stat.900 releases, this functionality will be enhanced to capture the values
of entries recorded using VAT/Tax classifications provided for 30% VAT rate in VAT Forms.
And more….