Available new stat 138 from 31st March, 2011

New Stat.900 Version is available free for existing Tally User
Major Enhancement are :

Payroll

• The Annexure A and Annexure B to Income Tax Form 16 are provided as per the statutory requirements.

Value Added Tax

As per the finance bill/budget proposals of various State Governments and Notification of Orissa Commercial Taxes Department to revise the VAT Rates, new VAT/Tax Classifications have been introduced effective from April 1, 2011 to support billing of transactions. The value of entries made
using these classifications will be currently captured only in VAT Computation report. In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries made using the new VAT/Tax class in respective VAT Forms.

The list of States with the respective VAT/Tax classifications is as follows:

Bihar

• Purchases @ 5%
• Purchases @ 13.5%
• Purchases – Capital Goods @ 5%
• Purchases – Capital Goods @ 13.5%
• Purchase From URDs – Taxable Goods @ 5%
• Purchase From URDs – Taxable Goods @ 13.5%
• Input VAT @ 5%
• Input VAT @ 13.5%
• Input Tax Credit on Purchase From URDs @ 5%
• Input Tax Credit on Purchase From URDs @ 13.5%
• Sales @ 5%
• Sales @ 13.5%
• Sales @ 5% to URDs
• Sales @ 13.5% to URDs
• Output VAT @ 5%
• Output VAT @ 13.5%
• Output VAT @ 5% to URDs
• Output VAT @ 13.5% to URDs
• Purchase Tax @ 5%
• Purchase Tax @ 13.5%

Maharashtra

• Sales – Composition @ 5% (Retail)

Uttar Pradesh

• The Annexures II and III of Form XXVI are provided as per statutory requirements

Arunachal Pradesh

• The Payment Challan – Form FF-08 is provided

Jammu & Kashmir

• Purchases @ 25%
• Sales @ 25%
• Input VAT @ 25%
• Output VAT @ 25%
• Purchase Tax @ 25%

Karnataka

• Purchases @ 14%
• Purchases – Capital Goods @ 14%
• Interstate Purchases @ 14%
• Purchase From URDs – Taxable Goods @ 14%
• Sales @ 14%
• Sales – Works Contract @ 14%
• Interstate Sales @ 14%
• Input VAT @ 14%
• Input Tax Credit on Purchase From URDs @ 14%
• Output VAT @ 14%
• Output VAT – Works Contract @ 14%
• CST @ 14%
• Purchase Tax @ 14%

Release details of Stat900 version 138 (PDF file)

Download Stat 138