And more….

Download Stat 243

And more….

Download Stat 242

• CST @ 9.35%/Interstate Sales @ 9.35%
• Input VAT @ 9.35%/Purchase @ 9.35%
• Interstate Purchases @ 9.35%
• Output VAT @ 9.35%/Sales @ 9.35%
• Output VAT – Works Contract @ 9.35%/Sales-Works Contract @ 9.35%
• Purchase From URDs – Taxable Goods @ 9.35%
• Purchases – Capital Goods @ 9.35%
• Purchase Tax @ 9.35%
• Purchases – Capital Goods @ 9.35% (Notional)

The following new VAT/Tax classifications are supported effective from 1 April, 2012:

• Purchases Against Form – H (Within State)
• Sales Against Form-H (Within State)

And more….

Download Stat 241

Odisha :

• In adherence to the notification, to support works contract at 1% and 5% VAT rates, the following VAT/Tax classifications have been provided:
  • Output VAT – Works Contract @ 1%/ Sales – Works Contract @ 1%
  • Output VAT – Works Contract @ 5%/ Sales – Works Contract @ 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

Punjab:

• In adherence to the notification, to support the change in VAT rate from 4.5% to 2.5% , the following VAT/Tax classifications have been provided :
  • Input VAT @ 2.5% – (JobWork)/ Purchases @ 2.5% (JobWork)
  • CST – Works Contract @ 2.5%/ Interstate Sales – Works Contract @ 2.5%
  • Output VAT – Works Contract @ 2.5%/Sales – Works Contract @ 2.5 %
    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.

Telengana :

• In adherence to the notification, to support the revised VAT rates of 35.20% on petrol, and 27% on diesel, the following VAT/ Tax classifications have been provided :
  • Output VAT @ 35.20% Special Rate/ Sales @ 35.20% Special Rate
  • Output VAT @ 27% Special Rate/ Sales @ 27% Special Rate
    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.

Uttar Pradesh :

• In adherence to the notification, to support the revised VAT rates of 26.80% for petrol  and 17.48% for diesel , the following VAT/Tax classifications have been provided.

• Input VAT @1.10%/ Purchases @ 1.10%
• Output VAT @1.10%/ Sales @ 1.10%
• Output VAT @1.10% to URDs
• Purchases From URDs – Taxable Goods @ 1.10%
  For Schedule III (other than declared) and Schedule IV Goods
•  Input VAT @4.5%/ Purchase @ 4.5%
• Output VAT @4.5%/ Sales @ 4.5%
• Output VAT @4.5% to URDs
• Purchases From URDs – Taxable Goods @ 4.5%
• Purchase – Capital Goods @ 4.5%
  For Schedule V Goods
•  Input VAT @13.5%/ Purchase @ 13.5%
• Output VAT @13.5%/ Sales @ 3.5%
• Output VAT @13.5% to URDs
• Purchases From URDs – Taxable Goods @ 13.5%
• Purchase – Capital Goods @ 13.5%
  For Schedule VI Goods
• Input VAT @ 22%/ Purchase @ 22%
• Output VAT @ 22%/ Sales @ 22%
  For all types of Liquor, Beer and other alcoholic drinks
•  Input VAT @25%/ Purchase @ 25%
• Output VAT @25%/ Sales @ 25%
  Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries
  recorded using these VAT/Tax classifications in relevant forms.

Uttarakhand :

• In adherence to the notification, to support the change in VAT rate for Timber and liquor from 20% to 15%, the following VAT/Tax classifications have been provided, with effect from 25 December, 2014:
  •  CST @ 26.80% (Non VATable)/ Interstate Sales @ 26.80% (Non VATable)
  • Output VAT @ 26.80% (Non VATable)/ Sales @ 26.80% (Non VATable)
  • Purchase Tax @ 26.80% (Non VATable)/ Purchase From URDs –Non Taxable Goods @26.80%
  • Purchases @26.80% (Non VATable)
  • Purchases – Composition Tax @ 26.80% (Non VATable)
  • CST @ 17.48% (Non VATable )/ Interstate Sales @ 17.48% (Non VATable)
  • Output VAT @ 17.48% (Non VATable) / Sales @ 17.48% (Non VATable)
  • Purchase Tax @ 17.48% (Non VATable) / Purchase From URDs –Non Taxable Goods @17.48%
  • Purchases @ 17.48% (Non VATable)
  • Purchases – Composition Tax @ 17.48% (Non VATable)
    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….

Download Stat 238

Odisha :

• • CST @ 23%/ Interstate Sales @23%
  • Output VAT @23%/ Sales @ 23%
  • Sales – Schedule C items @ 23%
  • Interstate Purchases @ 23%
  • Input VAT @23%/ Purchase @ 23%
  • Purchases – Schedule C items @ 23%
    Note : Currently, the values of transactions recorded using the classifications provided for 23% VAT rate will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of the entries in VAT forms.

   

Puducherry :

• To support interstate purchases and sales for multiple rates of CST, the following VAT/Tax Classifications have been provided:
  • CST @ 2% Against Form C/ Interstate Sales @ 2% Against Form C
  • CST @ 0.50%/ Interstate Sales @0.50 %
  • CST @ 1%/ Interstate Sales @1%
  • Interstate Purchase @ 2% Against Form C
  • CST @ 3%/ Interstate Sales @ 3%
  • CST @ 4%/ Interstate Sales @ 4%
  • CST @ 5%/ Interstate Sales @ 5%
  • CST @ 6%/ Interstate Sales @ 6%
  • CST @ 8%/ Interstate Sales @ 8%
  • CST @ 10%/ Interstate Sales @ 10%
  • CST @ 12.5%/ Interstate Sales @ 12.5%
  • CST @ 14%/ Interstate Sales @ 14%
  • CST @ 14.5%/ Interstate Sales @14.5%
  • CST @ 15%/ Interstate Sales @15%
  • CST @ 20%/ Interstate Sales @20%
  • CST @ 35%/ Interstate Sales @35%
  • Inter -State Sales Exempted
  • Inter State Sales Against Form E1
  • Inter State Sales Against Form E2
    Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using these VAT/Tax classifications in relevant forms
• In adherence to the notification, to support the new VAT rate of 20% for cigarettes, the VAT/Tax classifications Purchases @ 20% and Input VAT @ 20% have been provided, with effect from 16 October, 2014:
  Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using VAT/Tax classifications provided for 20% VAT rate in relevant VAT forms.

Rajasthan :

• New VAT/Tax classifications CST @ 0.25% and Interstate Sales@ 0.25% have been provided to record interstate sales at 0.25% CST rate.
  Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using VAT/Tax classifications provided for 0.25% CST rate in relevant forms.
•  In adherence to the notification, to support the increase in VAT rates of diesel and petrol, the following VAT/Tax classifications have been provided:
  Diesel (from 18% to 22%)
  • CST @ 22%/ Interstate Sales @ 22%
  • Purchase Tax @ 22%
  • Output VAT @ 22% Special Rate/ Sales @ 22% Special Rate
  • Input VAT @ 22% Special Rate/ Purchase @ 22% Special Rate
  • Purchase from URDs – Special Rate @ 22%
    Petrol (from 26% to 30%)
  • CST @30%/ Interstate Sales @30%
  • Purchase Tax @ 30
  • Output VAT @30% Special Rate/ Sales @30% Special Rate
  • Input VAT @ 30% Special Rate/ Purchase @ 30% Special Rate
  • Purchase From URDs – Special Rate @30%
    Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using VAT/Tax classifications provided for 22% and 30% VAT rates in relevant forms.

Sikkim :

• • CST @ 1%/ Interstate Sales @ 1%
  •  CST@ 1.10%/ Interstate Sales @ 1.10%
  • CST @ 4%/ Interstate Sales @ 4%
  • CST @ 4.5%/ Interstate Sales @ 4.5%
  • CST @ 12.5%/ Interstate Sales @ 12.5%
  • CST @ 13.5%/ Interstate Sales @ 13.5%
  • CST @ 22%/ Interstate Sales @ 22%
  • CST @ 25%/ Interstate Sales @ 25%
  • CST @2% Against Form C/ Interstate Sales @ 2% Against Form C
    Interstate Purchase @ 2% Against Form
    Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries
    recorded using these VAT/Tax classifications in relevant forms.
• Adhering to the notification, new VAT/Tax classifications have been provided to support VAT rate changes for:
  Schedule II Goods:
  • Input VAT @1.10%/ Purchases @ 1.10%
  • Output VAT @1.10%/ Sales @ 1.10%
  • Output VAT @1.10% to URDs
  • Purchases From URDs – Taxable Goods @ 1.10%
    For Schedule III (other than declared) and Schedule IV Goods
  •  Input VAT @4.5%/ Purchase @ 4.5%
  • Output VAT @4.5%/ Sales @ 4.5%
  • Output VAT @4.5% to URDs
  • Purchases From URDs – Taxable Goods @ 4.5%
  • Purchase – Capital Goods @ 4.5%
    For Schedule V Goods
  •  Input VAT @13.5%/ Purchase @ 13.5%
  • Output VAT @13.5%/ Sales @ 3.5%
  • Output VAT @13.5% to URDs
  • Purchases From URDs – Taxable Goods @ 13.5%
  • Purchase – Capital Goods @ 13.5%
    For Schedule VI Goods
  • Input VAT @ 22%/ Purchase @ 22%
  • Output VAT @ 22%/ Sales @ 22%
    For all types of Liquor, Beer and other alcoholic drinks
  •  Input VAT @25%/ Purchase @ 25%
  • Output VAT @25%/ Sales @ 25%
    Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries
    recorded using these VAT/Tax classifications in relevant forms.

Uttarakhand :

• In adherence to the notification, to support the change in VAT rate for Timber and liquor from 20% to 15%, the following VAT/Tax classifications have been provided, with effect from 25 December, 2014:
  •  Input VAT @ 15%/ Purchase @ 15%
  •  Purchase From URDs –Taxable Goods @15%
  •  Purchase From URDs – SCG @15%
  • Output VAT @ 15%/ Sales @ 15%
  • Output VAT @ 15% (of Purc Outside State)/ Sales @15% (of Purc Outside State)
  • Output VAT @ 15% (of Purc Outside State) – SCG/ Sales @15% (of Purc Outside State)-SCG
  •  Output VAT @ 15% – Spl. Category Goods/ Sales @15% – Spl. Category Goods
  • CST @ 15%/ Interstate Sales @15%
  • Purchase Tax @ 15%
    Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using VAT/Tax classifications provided for 15% VAT rate in relevant forms.
• In adherence to the notification, to support the new VAT rate of 9% for Sand, gravel, riverbed material (RBM), boulders, crushed stone, stone blast, gret stone, gitti (stone) and stone dust, with effect from 17 December, 2104
• • Input VAT @ 9%/ Purchase @ 9%
  • Output VAT @ 9%/ Sales @ 9%
  • Purchase From URDs –Taxable Goods @ 9%
  • Purchase Tax @ 9%
  • CST@9%/ Interstate Sales @ 9%
    Note :  Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using VAT/Tax classifications provided for 9% VAT rate in relevant forms

And more….

Download Stat 237

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….

Download Stat 236