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

Major Enhancement are :

Excise for Dealers/ Importers

• As per statutory rules, new XML schema is provided to include the return type Importer.
  Since the same schema is applicable to dealers for filing e-returns, the e-return feature is enhanced with the necessary changes.

Payroll

• As per the Union Budget 2014-15, changes to exemption and deduction limits of Income Tax are supported.
• In Sahaj (ITR1) a new field is introduced to capture sec 80EE under Part C of Deductions and Taxable Total Income.

Tax Deducted at Source

• As per the requirements of e-TDS/TCS FVU Version 4.3, new state code 36 for Telangana has been added and the same gets displayed in Form 26Q, Form 27Q, Form 27EQ and Form 24Q e-returns.

Vat

Haryana :

• The value of entries recorded using the following VAT/Tax Classifications are displayed in the relevant forms:
  • Purchase @ 8% Tax Rate / LP-7A-8%
  • Purchase – Works Contract @ 8% Tax Rate/LP-7A- Works Contract @ 8%
  • Purchase of Goods at Lower Rate of Tax – 8% / LP-7B-8%
  • Purchased in the Course of Inter-State Trade @ 8%/ LP-3-8%
  • Purchased Outside the State (for Sale Outside) @ 8%/ LP-1-8%
  • Sales @ 8% Tax Rate / LS-9A-8%
  • Sales – Works Contract @ 8% Tax Rate/ LS-9A- Works Contract @ 8%
  • Sale of Goods at Lower Rate of Tax – 8% / LS-9B-8%
  • Sale of Goods to Unregistered Dealers @ 8% Rate / LS-9C-8%
  • Sale of Goods to Unregistered Dealers @8%Lower Rate / LS-9C-8% (Lower Rate)
  • Sale Outside the State (of Purc Outside State) @ 8%/ LS-1-8%
  • Sale in the Course of Inter-State Trade @ 8%/ LS-2-8%

Rajasthan :

• Effective from 14th July 2014, the following new VAT/Tax classifications are provided to support new VAT rate of 2.5% on all types of used motor vehicles
  • Purchase Tax @ 2%
  • Sales @ 2% / Output VAT @ 2%
  • Sales – Works Contract @ 2% / Output VAT – Works Contract @ 2%
  • Purchase From URDs – Taxable Goods @ 2%
  • Purchases @ 2% / Input VAT @ 2%
  • Purchases @ 2% (Lease) / Input VAT @ 2% (Lease)
  • Purchases – Capital Goods @ 2%
  • Interstate Purchases @ 3%
  • Purchases from URD – Taxable Goods @ 3%
  • Purchases @ 3%
  • Purchases @ 3% (Lease)
  • Purchases – Capital Goods @ 3%
  • Input VAT @ 3%
  • Input VAT @ 3% (Lease)
  • Interstate Purchases @ 2.5%
  • Purchases from URD – Taxable goods @ 2.5%
  • Purchases @ 2.5%
  • Purchases @ 2.5% (Lease)
  • Purchases – Capital Goods @ 2.5%
  • Input VAT @ 2.5%
  • Input VAT @ 2.5% (Lease)

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

Major Enhancement are :

Vat

Karnataka :

• E-VAT Annexures are provided as per statutory requirements. Facility is also provided to generate and upload the XML files to the Department’s portal directly.

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

Major Enhancement are :

Goa:

• New VAT rate of 25% on tobacco and tobacco products is provided, w.e.f. 8^th May, 2014.

Uttar Pradesh :

• Form – XXIV, Form – XXVI, CST Forms and E-VAT templates are enhanced as per the latest statutory requirement

Puducherry :

• Annexure-IV and Annexure-V are enhanced as per the revised e-VAT templates

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

Major Enhancement are :

Haryana :

• New VAT rate of 8% on cell phones and accessories is supported, w.e.f. 8^th May, 2014.

Punjab :

• VAT rate of 3.64% on canteen and stores department is supported, w.e.f. 3^rd April, 2014

Maharashtra :

• New VAT rates of 21% and 24% on high speed diesel oil are supported.

Rajasthan :

• Form 7A and Form 8A are enhanced as per the revised e-VAT templates.

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

Major Enhancement are :

Excise for Manufacturers :

• As per Statutory requirements, the provision to file ER3 online as a quarterly return for SSI units is provided.

VAT :

Tamil Nadu :

• As per Notification, Annexure V for Inventory is provided

 

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

Major Enhancement are :

VAT :

Kerala :

• As per the Notification, the following VAT/Tax classes are provided to account for the VAT @ 22% on Cigarettes (for the purpose of manufacturing taxable goods) w.e.f. 01 April, 2014:
  • Output VAT @ 22% / Sales @ 22%
  • Input VAT @ 22% / Purchases @ 22%

The value of entries recorded using this classification 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 3% VAT rate in return Forms.

Punjab :

• As per the Notification, the following VAT/Tax classes are provided to account for the VAT @ 3% on Milk (for the purpose of manufacturing taxable goods) w.e.f. 01 March, 2014:
  • Output VAT @ 3% / Sales @ 3%
  • Input VAT @ 3% / Purchases @ 3%
  • Interstate Purchases @ 3%
  • CST @ 3% / Interstate Sales @ 3%

The value of entries recorded using this classification 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 3% VAT rate in return Forms