Author: Tally Academy

Available new stat 147 from 19th July, 2011

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 revised Form CST VI is provided as per the statutory requirements

Bihar

  • The functionality is enhanced to capture value of entries recorded using VAT/Tax classifications provided for 5% and 13.5% VAT rates in Form RT – I.

Daman & Diu

  • The revised Form DVAT 16, Form DVAT 30 and Form DVAT 31 are provided as per the statutory requirements.
  • The VAT Payment Challan – Form DVAT 20 is provided

Jammu & Kashmir

  • The VAT Annexures – Form VAT 11G and Form VAT 11H are provided as per statutory requirements.
  • In each page of Form VAT 11, the quarterly VAT return header is displayed as per the statutory requirements

Jharkhand

  • The value of entries made using the VAT/Tax classifications provided for 5%, 10% and 14% VAT rates are captured in Form VAT 200, Form VAT 213 and CST Form I.

Maharashtra

  • The e-VAT functionality is enhanced as per the requirements of revised e-filing templates.

Punjab

  • The revised Annexures – Form VAT 23 and Form VAT 24 are provided.
  • The VAT payment Challan – Form VAT 2B is provided.
  • In VAT Commodity master, the option – Trade Name is provided. On selecting the Commodity from List of Commodities, the Trade Name gets captured automatically and the same will be displayed in respective fields of physical and e-VAT annexures.

Release details of Stat900 version 147 (PDF file)

Download Stat 147

SELF LEARNING on Tally.ERP

Posted on by Tally Academy

SELF LEARNING  program on Tally.ERP 9, in conjunction with the Tally.ERP 9 Reference materials, Tally Blogs and Tally Forums are your TOOL KIT towards Tally Certification.

Self Learning Module Includes :

• Course Material on Tally.ERP 9(Designed by Tally Solutions (P) Ltd)

• Tally Student Subscription (100% Jobs)

• Official Tally.ERP 9 Single User License Version  for one month

(Note : After one month from date of software license activation, license will get expired. If the user wants to extend the rental period rental cost will be 450/- per month)

•  Self Assessment

•  Certification (For Sample Certificate Click here)

•  Tally Reference Manual

•  Tally Blogs

•  Unlimited Jobs

•  Tally Forums

Benefits of Self Learning Mode:

•  Certification

•  Know the product maximum extent

•  Managing time (Learning as per your covenant)

•  Learning on official Tally.ERP 9 latest software

•  Placement

•  Access to Tally learning resources

Registration process for Self Study mode

•  Send DD of Rs. 3600/- in favour of “Tally Academy” payable at Mumbai at following Address:

TallyAcademy,
1st Floor, Shrama Safallya Building,
71-B, N.G. Acharya Marg,
Near Chembur Rly. Stn. Chembur,
Mumbai :400071

For more details click here

Statutory Updates for Taxation Modules, Returns and Annexure

Posted on by Tally Academy

In view of the latest statutory requirements and the increasing compliance by businesses falling under the purview of Value Added Tax, various enhancements are being introduced in Tally.ERP 9. These business specific enhancements pertaining to changes in VAT Rates, Forms and Annexures etc. are provided for each State to ensure smooth functioning of day-to-day operations and timely filing of VAT Returns in the physical as well as the electronic modes as per the requirements of the Department.

Upcoming Releases

The Revised CST Return – Form VI will be provided as per the requirement.
Revised VAT Return and Annexures will be provided as per the recent notification issued
by U T Administration of Daman and Diu.
The revised Quarterly VAT Return Form RTI will be provided as per the requirement.
The forms 402 & 403 will be provided as per the requirement.

For notification, click here

Available new stat 145 from 8th July, 2011

Posted on by Tally Academy

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

Value Added Tax

Punjab

  • Adhering to the Notification the following new VAT/Tax Classifications for 3.5% (Liquefied Petroleum Gas for domestic use) and 8.25% (Diesel other than premium diesel) VAT Rates are introduced effective from July 1, 2011:
    • Purchases @ 3.5% / Input VAT @ 3.5%
    • Purchases @ 8.25% / Input VAT @ 8.25%
    • Sales @ 3.5% / Output VAT @ 3.5%
    • Sales @ 8.25% / Output VAT @ 8.25%
    • Purchase Tax @ 8.25%
    • Purchase From URDs – Taxable Goods @ 8.25%

Release details of Stat900 version 145 (PDF file)

Download Stat 145

Payment Advice in Tally ERP 9

Posted on by Tally Academy

The Payment Advice option in the Banking menu allows the user to generate the payment advice sent to the suppliers / other parties along with the cheques/other instruments

Accessing Payment Advice :

  • Go to Gateway of Tally > Banking >Payment Advice
  • Select the required Ledger and press Enter
  • The Payment Advice screen displays the payment list of the selected ledger
  • F2: Period: Allows to change the period
  • Click Print or Press Alt+P.
  • The Payment Advice is displayed as shown:

Deposit Slip in Tally ERP 9

Posted on by Tally Academy

The Deposit Slip option in the Banking menu allows the user to generate the deposit slip for payments received through cheque/dd which need to be deposited into the bank.

To access Deposit Slip screen,

  • Go to Gateway of Tally > Banking > Deposit Slip.
  • The Select Bank screen displaying the List of Bank
  • Select the required Bank account and press Enter.
  • The Deposit Slip screen of the selected Bank is displayed
  • Click Print or Press Alt+P.
  • The Deposit Slip is displayed as shown:

Available new stat 144 from 27th June, 2011

Posted on by Tally Academy

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

Value Added Tax

Nagaland

  • Adhering to the Notification, the following new VAT/Tax Classifications are introduced for 4.75% and 13.25% VAT rates:
    • Purchases @ 4.75% / Input VAT @ 4.75%
    • Purchases @ 13.25% / Input VAT @ 13.25%
    • Purchases – Capital Goods @ 4.75%
    • Purchases – Capital Goods @ 13.25%
    • Sales @ 4.75% / Output VAT @ 4.75%
    • Sales @ 13.25% / Output VAT @ 13.25%

Punjab

  • The functionality is enhanced to capture the value of entries recorded using the VAT/Tax class – Consignment/Branch Transfer Outward (Within State) and Consignment/Branch Transfer Inward (Within State) in physical and e-VAT – Form VAT 15 and Form VAT 20.

Release details of Stat900 version 144 (PDF file)

Download Stat 144

Adhering to the Notification, the following new VAT/Tax Classifications are introduced for
4.75% and 13.25% VAT rates:
Purchases @ 4.75% / Input VAT @ 4.75%
Purchases @ 13.25% / Input VAT @ 13.25%
Purchases – Capital Goods @ 4.75%
Purchases – Capital Goods @ 13.25%
Sales @ 4.75% / Output VAT @ 4.75%
Sales @ 13.25% / Output VAT @ 13.25%

Tally.ERP 9 Series A Release 3.2, 27th June 2011

Posted on by Tally Academy

The new Tally.ERP 9 Release 3.2 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 :

Banking : The facility is provided to print the cheque with the date format – DDMMYYYY for a better user experience. The same can be configured from Cheque Printing Configuration screen by selecting applicable Style of Date format

Final Accounts : In the default Balance Sheet report the S: Schedule VI button (Alt+S) is provided to generate Balance Sheet as per the Schedule VI format of the Companies Act. In the default Profit & Loss Account report the S: Schedule VI button (Alt+S) is provided to generate Profit & Loss Account as per the Schedule VI format of the Companies Act.

Service Tax : As per Notification, the new Point of Taxation Rule (from 1-4-2011) will not be applicable on specified services viz., Chartered Accountant, Cost Accountant, Company Secretary, Architect, Interior Decorator, Legal and Scientific and Technical consultancy services if the
service provider is Individuals, Proprietary Firms and Partnership Firms. The functionality is enhanced to meet the requirements of Point of Taxation Rule.

Excise for Manufacturers : In Excise Payment voucher, the payment type – Arrears is provided to make payments towards arrears and adjust it against the required bills in the Excise Duty Allocation screen.The facility is provided to generate Tariff wise Daily Stock Register for items having same Reporting Unit of Measure

Licensing : On performing Try/Buy/Download operation from Market Place, the messages – Restarting Tally and License Updated Successfully are not displayed. This is done to minimise the number of messages for a better user-experience

And more……

The highlights of this release are listed below.

  • Facility to record Working Notes and generate Audit Working Papers
  • Track Transactions on Holidays & Weekly Offs
  • Percentage report of sample size for substantive test
  • Inter Bank Transfers Visibility
  • Tracking for Unadjusted Advances
  • Facility to track Accounts squared off during the year
  • Facility to track Highest & Lowest Value Transactions
  • Checklist of Accounting Standard (AS) Compliance
  • Checklist of Audit & Assurance Standard (AAS) Compliance
  • Schedule VI format of Balance Sheet and Profit & Loss A/c. as per Companies Act.
  • Option to retain Bank date has been provided on altering the Reconciled Voucher.
  • Excise for Manufacturers – Facility to generate Tariff wise Daily Stock Register for items having same Reporting Unit of Measure
  • The Style of Date ‘DD/MM/YYYY’ has been provided for Printing Cheques, as per the NPCI format.

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