Author: Tally Academy

Available new stat 172 from 29th June, 2012

Posted on by Tally Academy

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

Major Enhancement are :

Service Tax :

  • As per the amendment in Budget 2012-13 for Service Tax, the functionality has been enhanced to account service tax transactions based on Negative List.
  • As per the amendment, the Abatement concept is being replaced by the Taxable Percentage. A new provision is made available to define the Declared Taxable Percentage in Ledger created under Indirect/Direct Expenses, Indirect/ Direct Incomes,
    Purchases and Sales group.
Tax Collected at Source :
  • Effective from July 1, 2012 the following TCS nature of goods are provided:
    • Minerals, being coal or lignite or iron ore
    • Bullion or jewellery (if the sale consideration is paid in cash exceeding INR two lakhs in bullion and five lakhs in case of jewellery).
Tax Deducted at Source :
  • As per the Amendment, the following TDS Nature of Payment and Rate changes are incorporated effective from July 1, 2012:
    • Nature of Payment – Any remuneration or commission paid to director of the company (Effective from 1 July 2012) is provided.
    • For the Nature of Payment – Compensation on acquisition of immovable property, the Cut off Amount is increased from 1,00,000 to 2,00,000.
    • For the Nature of Payment – Interest on Securities, the Cut off Amount is increased from 2,500 to 5,000.

Release details of Stat900 version 172 (PDF file)

Download Stat 172

Tally.ERP 9 Series A Release 3.41, 29th June, 2012

Posted on by Tally Academy

The new Tally.ERP 9 Release 3.41 is available now!

FREE for all users of Tally.ERP 9.*

Tally.ERP 9 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. Highlights include a very light product footprint, immediate access to new features and enhancements, easy data migration and more.

Major Enhancement :

Service Tax : 

  • As per the amendment in Budget 2012-13 for Service Tax, the functionality has been enhanced to account service tax transactions based on Negative List.
  • As per the amendment, the Abatement concept is being replaced by the Taxable Percentage. A new provision is made available to define the Declared Taxable Percentage in Ledger created under Indirect/Direct Expenses, Indirect/ Direct Incomes, Purchases and Sales group

 

Other Enhancement :

Crash/ MAV/ Data : A dump file, tally.dmp, gets generated when Tally.ERP 9 crashes

Printing and Rendering : The option Print Party Name and Address from left margin in invoice is provided in the F12 Print General Configurations. This facility is given only for Quick/ Draft format of print.

Accounting Reports  : The facility to print Closing Balance of a Ledger is now provided while printing Ledgers from Multi-Account Printing.

Excise for Dealers : For the Nature of Purchase – Manufacturer’s Depot, the facility is provided to capture Manufacturer’s Invoice Number, Date and Quantity supplied in Excise Purchase Invoice.

Excise for Manufacturers : The functionality of Daily Stock Register has been enhanced to capture Opening Balance from Stock Item Master (excise item) in One Item and Tariff–wise report irrespective of excise transactions recorded in the company data .

And more……

The highlights of this release are listed below.

  • Tally Extensions
  • Payroll Income Tax – Budget related changes are done
  • Enhancements for Excise Dealer and Manufacturers
  • A new feature called Tally Extensions has been provided to deploy additional product features from Tally Solutions
  • Many More

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

The Upcoming Release, Tally.ERP 9 Series A, Release 3.6

Posted on by Tally Academy

 

New feature of upcoming release 3.6 as below :

  •  Always be ‘AuditReady : 
    • Revised Schedule VI:
      • Generates the complete revised Sch. VI Balance Sheet, P&L and annexure
      • Bifurcate, assign and move ledger amounts to appropriate Schedule VI heads
      • Drill down to voucher level from all Sch. VI reports & notes
    • Tax Audit:
      • Form 3CD, 3CA & 3CB
      • Annexure to all the clauses
      • Specifying/identifying financial data for all clauses
    • Stat Audit:
      • Verification of opening balances, general ledger analysis / scrutiny
      • Clean up redundant masters, negative cash & inventory balances
      • Identify transactions with related parties and MSME
      • Account reconciliation (auto & manual)
      • Third Party confirmations
      • Audit journals
      • CARO report
  •  Banking : 
    • Cheque Management:
      • Auto cheque numbering: No more manual tracking, no more duplicates
      • Support customer & supplier queries: Search vouchers for specific cheque numbers
      • Cheque register: Build an additional layer of control on cheque usage
    • Direct support for Cheque printing:
      • Pre-configured cheque printing: For each bank accept the right image of the cheque to automatically configure Tally.ERP 9 to print on such cheques
      • Vertical/Horizontal Cheque Printing: Full support for printers that require cheque leaves to be in a specific alignment
    • Auto Bank Reconciliation:
      • Automatic reconciliation: Import your bank statements & reconcile with single click
      • Differences: Instantly create or alter a transaction to reconcile
      • Manual: Full or partial manual reconciliation is supported
  • Tally Live Update
      • Get notified and install updates (product & statutory) at the click of a button
      • Optionally schedule the update at a time you define
  • Tally Message Centre
    • Receive regular news from Tally and stay up to date with information on
      • Product releases
      • Subscriptions
      • Add-ons
      • Statutory updates and extensions
  • Enhanced Password Security
    • Define your security policy in line with accepted global practices
      • Specify password strength
      • Mandate password to be changed periodically
      • Prevent old password reuse
      • Mandatory password change on first login

 

Notify me, when ready

Available new stat 171 from 21st June, 2012

Posted on by Tally Academy

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

Major Enhancement are :

Value Added Tax

Andhra Pradesh :
  • The VAT/Tax class – Sales – Composition Tax @ 1.25% is provided. The value of entries recorded using this VAT/Tax class gets captured in Form TOT 060B and Form TOT 007.
  • As per the Notification, the VAT/Tax class – Output VAT @ 31% Special Rate / Sales @ 31% Special Rate is provided to account for revised VAT rate on petrol. 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 31% VAT rate in VAT Forms.
Bihar :
  • The e-VAT and e-CST features are introduced to export data of VAT and CST forms using Excel Spreadsheet format to excel template files as prescribed by the Commercial Taxes Department.
  • The facility to record inter-state transactions at multiple CST rates in a single invoice is provided with enhanced CST functionality. The value of entries recorded using the CST 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 multiple CST rates in VAT and CST Forms
Chhattisgarh :
  • The e-return functionality is enhanced to export data in excel spreadsheet format to the:
    • e-VAT template – ExcelSheetSalesReturn.xls
    • e-CST templates – ExcelSheetInterStatSaleCForm.xls and ExcelSheetSalesReturnFormVB.xls
Maharashtra :
  • The e-annexures functionality is provided to export data of Annexures – J1, J2, C, D, G, H and I to the template file – e-Return_Annexures.xls for e-filing.


Release details of Stat900 version 171 (PDF file)

Download Stat 171

Available new stat 170 from 29th May, 2012

Posted on by Tally Academy

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

Major Enhancement are :

Value Added Tax

Uttarakhand :
  • Adhering to the Notification, the following new VAT/Tax Classifications are provided for 5% VAT rate effective from May 28, 2012
  1.  Input VAT @ 5% / Purchases @ 5%
  2. Purchases – Capital Goods @ 5%
  3. Purchase From URDs – Taxable Goods @ 5%
  4. Interstate Purchases @ 5%
  5. Output VAT @ 5% / Sales @ 5%
  6. Output VAT @ 5% (of Purc Outside State) / Sales @ 5% (of Purc Outside State)
  7. CST @ 5% / Interstate Sales @ 5%
  8. Purchase Tax @ 5%

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 5% VAT Rate in VAT Forms.


Release details of Stat900 version 170 (PDF file)

Download Stat 170

Available new stat 169 from 18th May, 2012

Posted on by Tally Academy

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

Major Enhancement are :

Payroll
  • The PF ECR file can be generated for the selected Employee Category/Group.

Value Added Tax

Karnataka :
  • The e-Sugam Number entered in e-Sugam Details sub-screen of sales invoice by enabling the option – Is e-Sugam Applicable to Yes gets captured in the printed invoice.
  • Effective from April 1, 2011, the VAT/Tax classifications – Input VAT – Works Contract @ 14% / Purchases – Works Contract @ 14% are provided. The value of entries recorded using the VAT/Tax classifications provided for works contract taxable at 5% and 14% are currently captured 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 5% and 14% VAT rates in VAT Forms.

 

 Himachal Pradesh :

  • The e-VAT functionality is enhanced as per the requirements of latest e-VAT templates provided by the Commercial Taxes Department for the forms – LP-I and LS-I.
  • The e-CST functionality is enhanced as per the latest e-CST template provided by the
    Department of Commercial Taxes.

Odisha :

  • The functionality is enhanced as per the latest e-VAT and e-CST templates provided by the Government of Odisha Commercial Taxes.

 

Uttar Pradesh :

  • The e-VAT functionality is enhanced to support the validation of data exported to excel format files using the e-VAT Validation Tool – Version 9.0 

Release details of Stat900 version 169 (PDF file)

Download Stat 169

Available new stat 168 from 11th May, 2012

Posted on by Tally Academy

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

Major Enhancement are :

Value Added Tax

    • In various States, changes in VAT rates were announced in the state budget and VAT/Tax classifications for the new rates were provided in Tally.ERP 9. In this release of Stat.900, the functionality is enhanced and VAT/Tax classifications are supported in form level for many states.
      The details are given below:
Sl.No
 State Names VAT/Tax Classifications forVAT Rates Forms
1
 Bihar 5%, 13.5% and 20% Form RT-I and Form RT-III
2
 Himachal Pradesh 11% and 18% Physical and e-VAT Forms
3
 Karnataka 17% Physical and e-VAT Forms
4
 Kerala 2.5%, 5%, 6.75%, 13.5%,15%, 20% and 22.5% andVAT/Tax classifications

provided for works contract

 e-VAT form
5
 Madhya Pradesh 27% VAT Forms
6
 Maharashtra 2%, 50% and VAT/Tax classifications provided forworks contract VAT and CST Forms (physical and ereturn)
7
 Meghalaya 5% Form 5 and Form 6
8
 Mizoram 5% and 13.5% Form 5
9
 Odisha 5% Physical VAT, CST Return and Annexures
10
 Rajasthan 26% Physical and e-VAT Forms, Annexuresand Form CST 1
11
 West Bengal 14.5% Physical and e-VAT Form 14 andAnnexures
Karnataka :
  • In the Export Report screen of e-Sugam, e-CST Online Forms and Receipt Form, the option – Export with Invoice Total is provided to capture the total invoice value

West Bengal :

  • The functionality of physical and e-CST Annexure G is enhanced and the values are being
    captured in the appropriate fields.


Release details of Stat900 version 168 (PDF file)

Download Stat 168