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

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

Major Enhancement are :

Excise for Manufacturers :

• The quantity cleared, assessable value, and the duty value of sales transactions recorded by selecting any of the following Natures of Removal, will be captured in the e-Return XML file and the printout:
  • Export
  • Export/LUT
  • Export – Duty Chargeable
  • SEZ/Bond
  • SEZ/LUT
  • SEZ/Rebate

Local Body Tax (LBT) :

• LBT Computation Report is enhanced to enable detailed view of the category Non Taxable Purchases (Schedule B).
• An option Filter based on is provided in F12:Configuration in the Purchase Register
• F12: Configuration option is provided in the Stock Configuration screen under LBT Computation report.

VAT :

Jammu & Kashmir :

• As per the templates prescribed by the department, e-Filing of VAT Form 11 is supported.

Orissa :

• As per the latest statutory amendments CST Return Form-I is enhanced and three Annexures G, H and I are provided.
• eCST Annexures G,H, I and eCST Changes as per Ver 1.0.1 are supported.

Tamil Nadu

• Annexure V for Monthly VAT Return Form is supported.

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

Major Enhancement are :

VAT :

Punjab :

• As per the latest statutory amendments, the following new VAT/Tax classifications have been provided with effective from March 01, 2014:
  • Output VAT @ 6.25% / Sales @ 6.25%
  • Input VAT @ 6.25% / Purchases @ 6.25%
  • CST @ 6.25% / Interstate sales @ 6.25%
  • Purchase From URDs – Taxable Goods @ 6.25%
  • Purchase Tax @ 6.25%

Note: The value of entries recorded using this classification will be currently captured only in 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 6.25% VAT rate in VAT Forms.

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

Major Enhancement are :

Local Body Tax :

Maharashtra :

Local Body Tax (LBT), is the tax imposed by and payable to the local civic bodies on the entry of goods into a local area for consumption, use or sale therein. The LBT feature is now introduced for the State of Maharashtra in Tally.ERP 9 with the facility to:

• Enable multiple LBT zones for a Company
• Single Party ledger can be configured for Multiple LBT Zones
• Single Stock item can be configured for multiple Classification by selecting the required goods at the applicable tax rate for multiple LBT zones
• Create Stock items by selecting the required goods at the applicable tax rate for multiple LBT zones
• Record purchases by selecting Party ledgers and Stock items configured for LBT
• Generate the Computation report on taxable, non-taxable and classified purchases
• Map the unclassified purchases, create the liability, record payment voucher and generate payment challan from the Computation report
• Generate Purchase Register
• Print Sales Invoice as per the format prescribed in Rule 22.
• Ready-to-use LBT Classifications are available in the Download Centre in xml format. These files can be downloaded and imported into Tally.ERP 9 and used for stock classifications

Service Tax:

• The allowable expenses entered for Pure Agent services while recording Reverse Charge transactions is captured in Form ST 3.

Tax Deducted at Source :

• The provision to record transactions for payment of only the interest/penalty/ late fee or a combination thereof for TDS and TCS is provided. The values of these transactions will be captured in the respective fields of ITNS 281 Challan, Returns and e-TDS/ e-TCS.

VAT :

Uttarakhand :

• A new report has been provided to track the receipt of Form 11.

VAT/CST Common :

• The VAT/Tax classifications provided for multiple CST rates will be displayed in VAT Computation report only if the option – Show CST Details is enabled through F12: Configuration.
  Also, the configurations set for displaying transactions of all VAT/Tax classifications and CST details will be retained while re-generating the report.

International Taxation – Kenya

• The form, VAT 3A is enhanced as per latest statutory requirements.
• To capture the relevant information in the enhanced VAT 3A, the following changes have been done in the transaction level:
  • The option – Brief Desc for VAT is now made available for Sales, Credit Note, Debit Note vouchers also.
  • The option to enter Customs Entry No. will be made available in purchase, sale, debit note and credit note vouchers recorded using VAT/Tax Class – Purchases – Imports @ 16%, Imports and Exports
  • The option, Device No- is provided to enter the device number for the Type of Device chosen while recording transaction.
• VAT 3_Return_Online is supported as per the latest statutory requirements.

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

Major Enhancement are :

VAT :

Punjab :

• New VAT rate of 2.5% is supported for Iron and Steel goods (including scrap)

 

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

Major Enhancement are :

VAT :

Madhya Pradesh :

• E-VAT for Form 10 is provided as per the latest template
• Export of invoice wise details while generating Form 10 is supported

Maharashtra

• Latest e-VAT templates of Form 231, 232, 233 and eCST are provided supported

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

Major Enhancement are :

VAT :

Uttarakhand

• The Annexures 17 C, 17 F, 17 H for quarterly returns are provided
• The revised e-VAT template is provided

Tamil Nadu

• A worksheet, Annex_AV, is added to the e-VAT Annexures Excel file