Author: Tally Academy

Available new stat 187 from 22nd December, 2012

Posted on by Tally Academy

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

Major Enhancement are :

Service Tax :

  • A new Service Category called Other Taxable Services has been provided by the ACES Department. This category is applicable to all taxable services which are not defined in 119 service categories and Negative List.
  • Penalty Code specific to penalty payment made for each service category is provided as per the ACES department. The penalty code gets printed in G.A.R. – 7 Challan.
  • As per the latest circular, the Taxable Percentage has been updated for the service categories as per the Notification No. 26/2012-ST.

VAT :

Punjab : 
  • The e-VAT feature is enhanced to facilitate export of Form VAT – 20 data using Excel Spreadsheet format to excel template file as prescribed by the Excise & Taxation Department. 
  • The input tax credit on capital goods brought forward from previous year is captured in B/f  from previous year column of section 14(B) in Form VAT – 20.
Tamil Nadu : 
  • The VAT Annexure I and Annexure I-A have been enhanced as per the latest statutory amendments provided for e-filing and physical returns.

And more….

Release details of Stat900 version 187 (PDF file)

Download Stat 187

Available new stat 186 from 26th November, 2012

Posted on by Tally Academy

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

Major Enhancement are :

VAT :

Haryana : 
  • The functionality of Form VAT-R2 is enhanced to capture the value of new VAT rate 15% and Works Contract classifications taxable at 12%, 4%, and 5%
Himachal Pradesh : 
  • Form VAT-XV and Form VAT-XV-A are enhanced as per the latest changes made by the Excise and Taxation Department. 
  • E-filing facility has been provided for Annual Return Form VAT -XV-A.

And more….

Release details of Stat900 version 186 (PDF file)

Download Stat 186

Available new stat 185 from 16th November, 2012

Posted on by Tally Academy

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

Major Enhancement are :

Excise for Dealers : 

  • As per the new XML schema made available by the Central Excise Department a new Excise Reporting Unit of Measure – 10 GMS has been provided.

Excise for Manufacturers : 

  • Reports under CENVAT Registers took time to display. The performance of these reports has been optimised.
  • Under E-Return (Display > Statutory Reports > Excise Reports > Manufacturer > E-Return) menu, Print report is provided. This report displays all the information captured in the XML eReturn file generated in Tally.ERP 9.
  • Tariff Wise RG 23A Part I report is provided. This report can be used to view RG 23 A Part I report based on Name of Tariff (Tariff classification) and Reporting UOM.

Payroll : 

  • In Form 24Q generated for Q4 (January-March), Category of Employee for Super Senior Citizens will be printed as ‘O’ in the tenth field of Salary Details.

 

VAT :

Bihar : 
  • The VAT/Tax Class – Inter-State Purchases – Exempted is provided. 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 classification – Inter-State Purchases – Exempted in VAT Forms.
Jharkhand : 
  • As per the Notification for revised VAT rate of 2% on Kerosene sold through PDS, the following new VAT/Tax Classifications are provided effective from October 3, 2012: 
  1. Input VAT @ 2% / Purchases @ 2%
  2. Output VAT @ 2% / Sales @ 2%

The value of entries recorded using the aforesaid Classifications will be captured in all Forms and Annexures.

Karnataka : 
  • The following VAT/Tax Classifications are provided with the option to select declaration forms while recording transactions: 
  1. Purchases(Against Form-H Deemed Export)
  2. Consignment /Branch Transfer Inward (Within State)
  3. Sales to Diplomatic Missions & U.N. Etc.

The value of entries recorded using the aforesaid classifications will be captured in the respective fields of Form VAT 100 and Form VAT 115. and more….

Maharashtra : 
  • The e-VAT templates – e_Return_Annexures, Form-704, e_704_annexturej1 and e_704_annexturej2 are enhanced to capture the value of entries recorded using the VAT/Tax Classifications provided for 2% and 50%. 

 

And more….

Release details of Stat900 version 185 (PDF file)

Download Stat 185

Tally.ERP 9 Series A Release 3.7 16th October, 2012

Posted on by Tally Academy

The new Tally.ERP 9 Release 3.7 is available now!

 

Tally.ERP 9 Series A Release 3.7 is the latest offering of the Tally software series. As with all Tally products, rapid updates are made available for the lifetime of the product via periodic releases, thereby providing the high level of business capability that millions of users trust. Simplicity is embedded in each update to make processes more efficient so as to save effort and time of the users.

Major Enhancement :

Jobs & Recruitment : 

  • In Candidate Profile screen, pressing Page Up or ‘-’ key will display the previous candidate’s profile, and pressing Page Down or ‘+’ key will display the next candidate’s profile.
  • Shift+Enter shortcut key, to expand a particular line in a report, has been provided for Test Paper Management.

Performance : 

  • In Ledger Outstandings report (Display > Statement of Accounts > Outstandings > Ledger), the option to view the report in detailed mode (Shift+Enter and Alt+F1) and also
    F6: Agewise option has been enhanced to display details quickly.
  • Shift+Enter shortcut key, to expand a particular line in a report, has been provided for Test Paper Management.

Security Control : 

  • Number restriction has been provided for the field Minimum Password Length in Password Policy for Company screen. The maximum number that is acceptable for a password in the Company Login screen for a user has been restricted to 51 characters.
  • Security Control capabilities have been enhanced to restrict the user from displaying or printing back dated Vouchers on pressing the Alt+Enter button, if Full Access is disallowed for Back Dated Vouchers by the administrator in the Security Levels screen.
  • In the Change Password screen, the Username will now be displayed in the original case, as entered in Users and Passwords.

Tally Live Updates : 

  • In the List of Releases report of Product & Features, the column heading – Released On has been changed to TNS Eligibility 

Functional Enhancements :

Accounting Reports :

An option – Date to Print Confirmation of A/cs has been provided in the Print Report for Ledger Accounts. This option will appear when the option Style of Report has been set to Confirmation of A/cs. Users can specify the date that has to be printed in the Confirmation Letter

Banking : 

A new column – Printed has been added to the Cheque Deposit Slip report, to display each cheque’s print status on printing the Deposit Slip. Deposit Slips that have been printed using Tally.ERP 9 will be automatically marked Yes in this column.
Also, a button – Ctrl+P: Mark as Printed has been provided in the Cheque Deposit Slip and Cash Deposit Slip reports, which can be used to mark a transactions as Printed.

Company Master : 

Tally.ERP now supports maintaining accounts in Tanzanian Shilling. In Company Master, Country – Tanzania and its currency symbols have been provided.

Excise for Manufacturers : 

A new field – Motor Vehicle No. has been provided under Despatch Details in the Party Details screen of Excise Delivery Note.
This can help in tracking deliveries made to the respective vehicles

And more……

 

The highlights of this release are listed below.

  • Reverse Charge support for Service Tax
  • New Report Excise Stock CENVAT Register for Excise Dealers
  • A new head – In Current Account is provided under Balances with Bank in Schedule VI Balance Sheet.

Tally.ERP 9 Feature Summary:

  • Quick to install and allows incremental implementation
  • Easy to customise
  • Powerful remote capabilities to boost collaboration
  • Audit & compliance services
  • Integrated support centre
  • Security management
  • Statutory processes
  • Manufacturer’s excise
  • Payroll

Click here for release notes

Click here for download

Available new stat 184 from 16th October, 2012

Posted on by Tally Academy

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

Major Enhancement are :

Excise for Dealers : 

  • The duty type – Special AED on CVD of excise duty classification is renamed to Additional Duty (Imports).

Payroll : 

  • New tax saving scheme – Rajiv Gandhi Equity Saving Scheme is provided under section 80CCG. On selecting this scheme an exemption of up to 50% gets calculated on the investment subject to gross amount of ` 50,000 or net amount of ` 25,000

Tax Collected at Source : 

  • Payment Codes are updated for the TCS Nature of Goods – Minerals and Bullions and Jewellery.

Tax Deducted at Source : 

  • In TDS challan the ‘x’ mark is replaced with a tick mark in Non-Company Deductees and TDS payable by Taxpayer fields.
  • The latest utility file – e-TDS/TCS FVU.exe (Version 3.6) is supported for validation of E-TDS and E-TCS
  • As per the Amendments, the following TDS Nature of Payments are incorporated for NRIs
    • Interest on Infrastructure Debt Fund,
    • Income from Foreign Currency

Also, a new Nature of Payment is incorporated for Resident

    • Payment /Royalty on acquisition of Software under section 194J

VAT :

Himachal Pradesh : 
  • Online form requisition facility to Export data to Excel template e-CST_Forms_Request.xls, is introduced as per Excise and Taxation Department.
  • While invoicing VAT-able sales, the relevant VAT/Tax classifications are provided to segregate purchases made from dealers within and outside the State, for the applicable VAT rates. The value of entries recorded using these 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 these entries in VAT Forms.
Karnataka : 
  • The e-requisition facility is enhanced to export the details for Declaration forms F, H and I using Excel Spread sheet and XML formats as prescribed by the Commercial Taxes Department.
Tamil Nadu : 
  • The Composition Form L is enhanced to capture value of entries recorded using VAT/Tax class- Works Contract – Composition Tax @ 5%.
Uttar Pradesh : 
  • The functionality of VAT Return Forms and Annexures are enhanced to support the value of entries recorded using the non-VATable classifications provided for 30% and 50% VAT rates.

Release details of Stat900 version 184 (PDF file)

Download Stat 184

Available new stat 183 from 9th October, 2012

Posted on by Tally Academy

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

Major Enhancement are :

VAT :

Himachal Pradesh : 
  • For the revised VAT rate of 9.60%, the following VAT/Tax Classifications are provided
    • Output VAT @ 9.60% / Sales @ 9.60%
    • Input VAT @ 9.60% / Purchases @ 9.60%
    • Interstate Purchases @ 9.60%
    • CST @ 9.60% / Interstate Sales @ 9.60%

The value of entries recorded using the aforesaid classifications will be captured in e-returns and physical – Form VAT XV, Form VAT XV-A, Form LP-1, Form LS-1 and CST Form I.

Madhya Pradesh : 
  • For the revised VAT rate of 25% the following VAT/Tax Classifications are provided
    • Output VAT @ 25% / Sales @ 25%
    • Input VAT @ 25% / Purchases @ 25%
    • Purchase Tax @ 25%
    • Purchase From URDs – Special Rate @ 25%

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 25% VAT rate in VAT Forms.

Punjab : 
  • The e-return functionality is enhanced as per the latest excel template of Form VAT 15. Also the values of entries recorded using VAT/Tax classifications provided for 1.5%, 3%, 4.5%, 5.5%, 8.5%, 8.75%, 13%, 20.5% and 28% VAT rates are captured in physical and e-VAT Forms and Annexures.
  • For making payment towards Form VAT 2 and VAT 2A, the change in ratio of breakup from 90:10 to 89:11 is supported in Form VAT 15, Form VAT 16 and payment challan.

Release details of Stat900 version 183 (PDF file)

Download Stat 183

Available new stat 182 from 28th September, 2012

Posted on by Tally Academy

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

Major Enhancement are :

VAT :

Bihar : 
  • VAT/Tax class – Output VAT @ 16% on Diesel / Sales – HSD and LDO @ 16% is provided.
Punjab : 
  • Input VAT @ 1.50%/Purchases @ 1.50%
  • Output VAT @ 1.50%/Sales @ 1.50%
  • Purchase Tax @ 1.50%
Uttar Pradesh : 
  • Output VAT (Retail) @ 30% (Non VATable) / Sales Retail @ 30% (Non VATable)
  • Output VAT (Retail) @ 50% (Non VATable) / Sales Retail @ 50% (Non VATable)
Dadra & Nagar Haveli : 

  • The facility to record inter-state transactions at multiple CST rates in a single invoice is provided with enhanced CST functionality.
Himachal Pradesh : 
  • The facility to record inter-state transactions at multiple CST rates in a single invoice is provided with enhanced CST functionality

Release details of Stat900 version 182 (PDF file)

Download Stat 182

Available new stat 181 from 18th September, 2012

Posted on by Tally Academy

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

Major Enhancement are :

Excise for Dealers : 

  • Multi Address facility is enhanced to capture the ECC as per the Address Type selected while recording Supplier’s Details in Excise Purchase Invoice, instead of the ECC provided in Party Ledger

Excise for Manufacturers : 

  • Facility has been provided in Form ER-8 to capture values of entries recorded with Excise Duty at 2%.

Payroll : 

  • For those who make quarterly TDS payment, E-TDS return has been enhanced to capture Amount Credited and TDS Deducted for the quarter
  • In the IT Computation sheet of Form 16, Form 12BA and ITR-1 the list of employees and values gets displayed based on their date of joining and resignation.

Service Tax : 

  • The notification number predefined in the income/expense ledger master selected while invoicing sale of taxable services gets captured in the invoice printout.

Tax Deducted at Source : 

  • The change in Surcharge rate from 2 to 2.5% for Company Non-Resident is incorporated and the revised rate of 2.5% is provided. Also, surcharge has been removed for Individual Non – Residents.

VAT :

Maharashtra : 
  • Physical returns – Form 231, 232, 233 and CST Form III(E) are enhanced as per the version 1.5.0 of e-return templates.
Assam : 
  • Form 14 is provided to facilitate filing of annual returns.
Karnataka : 
  • The functionality of VAT Form 100 is enhanced to capture the value of entries recorded using the VAT/Tax Classifications provided for 5.5%, 14.5% and 17% VAT rates

Release details of Stat900 version 181 (PDF file)

Download Stat 181