Tally Software

Purchasing of Tally.ERP 9 Multiuser or Single User Software

Available new stat 199 from 10th July, 2013

Posted on by Tally Academy

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

Major Enhancement are :

Tax Deducted at Source :

  • The e-TDS 26Q, 27Q and 27EQ has been enhanced as per the new file format version 4.5 and e-TDS 24Q has been enhanced as per the new file format version 4.4, to validate e-TDS returns with the latest e-TDS Validation tool version 3.8

 

VAT :

Assam :

To account for the increase in VAT rate from 20% to 25% on cigarettes or smoking tobacco under Schedule IV, the following VAT/Tax classifications are provided:

  • Sales @ 25% (Schedule IV Items) / Output VAT @ 25% (Schedule IV Items)
  • Purchases @ 25% (Schedule IV Items)
  • Purchase Tax @ 25%
  • Purchase From URDs – Taxable Goods @ 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.

Delhi :

  • The Form DVAT 30A and Form DVAT 31A are provided to capture the details of debit/credit  notes related to purchase and sales registers respectively, as per statutory requirements.
  • The Annexures 2A and 2B and VAT Forms DVAT 30 and DVAT 31 are enhanced as per the latest statutory requirements.
  • The VAT Return Form DVAT 16 is enhanced as per the latest statutory requirements.

Goa :

  • New VAT/Tax Classifications are provided for 0.25% CST rate – CST @ 0.25% / Interstate Sales @ 0.25%.
    The value of entries recorded using the VAT/Tax classifications provided for 0.25% CST rate are captured in VAT and CST Return Forms.

Maharashtra :

  • The functionality is enhanced, so that the Gross Turnover in Form 231 and CST Return Form III (E) will match

Puducherry :

  • Annexure IV and Annexure V have been provided to capture the Invoice-wise details of  Local sales and Local Purchases respectively, as per statutory requirements

Uttar Pradesh :

  • The e-CST functionality has been enhanced to support the latest template of e-Return Form I version 8.0 and the e-filing tool version 7.1
  • The e-VAT functionality has been enhanced to support the latest template of e-Return form UPVAT XXIV version 10.0 and the e-filing tool version 9.1.

West Bengal :

The facility to account for the VAT on hoarding license fee for Advertising Agencies using the following VAT/Tax Classifications for Transfer of Right to Use at 4%, 5%, 12.5% and 13.5% VAT rates has been provided.

  • Purchases @ 4% on Transfer of Right to Use
  • Purchases @ 5% on Transfer of Right to Use
  • Purchases @ 12.5% on Transfer of Right to Use
  • Purchases @ 13.5% on Transfer of Right to Use
  • Sales @ 4% – Transfer of Right to Use / Output VAT @ 4% on Transfer of Right to Use
  • Sales @ 5% – Transfer of Right to Use / Output VAT @ 5% on Transfer of Right to Use
  • Sales @ 12.5% – Transfer of Right to Use / Output VAT @ 12.5% on Transfer of Right to Use
  • Sales @ 13.5% – Transfer of Right to Use / Output VAT @ 13.5% on Transfer of Right to Use

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 Transfer of Right to Use in VAT forms.

 

And more….
Release details of Stat.900 version 199 (PDF file)

Download Stat 199

Available new stat 198 from 28th June, 2013

Posted on by Tally Academy

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

Major Enhancement are :

Excise for Dealers :

  • The E-Return menu is provided with menu options for Validations, Export of data in XML format and Print.
    In case where ECC Number and Sales Voucher Number are not provided or are incorrect, the same will be listed as error in the E-Return Validations screen which can be rectified using the drill-down facility. If the data is exported without providing correct details required to fill the mandatory fields, the message – Validation is incomplete!!! will be displayed with
    the provision to enter the correct information.
  • The supplier invoice date entered in excise purchase invoice will be captured in Supplier Invoice Date field of Excise Details screen displayed for the selected excise stock item

Excise for Manufacturers :

  • The E-Return menu is provided with menu options for Validations and Export of data in XML format.
    In case where ECC Number is not provided or is incorrect, the same will be listed as an error in the E-Return Validations screen which can be rectified using the drill-down facility. If the data is exported without providing correct details required to fill the mandatory fields, the message – Validation is incomplete!!! will be displayed with the provision to enter the
    correct information.
  • The service tax input credit on Reverse Charge is captured under Details of CENVAT credit taken and utilised section of Form E.R.-1.
  • The facility is provided to print GAR 7 challan from voucher display screen.
  • Page number is captured on each page of RG23A and RG23C Part I Tariff-wise report.

Payroll :

  • As per notification the changes in Form ITR-1 have been incorporated.

Service Tax :

  • GAR 7 challan can now be exported in PDF, JPEG, Excel Spreadsheet and HTML formats.

Tax Deducted at Source :

  • For payments made to NRI or foreign companies, the changes in Surcharge rates on TDS are incorporated.

 

VAT :

Delhi :

  • The default print orientation is set to Landscape for Annexures 2A, 2B, Form DVAT 30 and 31 for better user experience

Gujarat :

  • The data of Form 402 can now be exported in Excel Spreadsheet and PDF formats.
  • The e-VAT functionality is enhanced with the facility to export data of Form 205 to the template – VAT_RET_205_Yearly_new.xls.
  • The functionality of physical Form III(B) is enhanced as per the functionality provided for e-CST Form III(B).
  • The value of entries recorded using VAT/Tax classifications provided for works contract are supported in Form 201 and 205.
  • On selecting the VAT flags – Adjustment Towards CST and Reverse Credit on Others, the date fields – From and To will be displayed to enter the period for which the entry is recorded.

Kerala :

The following VAT/Tax classifications are provided to account for transactions with special category dealers.

  • Input VAT @ 0.5% (Spl.Category) / Purchases to Spl. Category Dealers @ 0.5%
  • Input VAT @ 10% (Spl.Category) / Purchases to Spl. Category Dealers @ 10%
  • Input VAT @ 2% (Spl.Category) / Purchases to Spl. Category Dealers @ 2%
  • Input VAT @ 2.5% (Spl.Category) / Purchases to Spl. Category Dealers @ 2.5%
  • Input VAT @ 6.25% (Spl.Category) / Purchases to Spl. Category Dealers @ 6.25%
  • Input VAT @ 6.75% (Spl.Category) / Purchases to Spl. Category Dealers @ 6.75%
  • Input VAT @ 7.25% (Spl.Category) / Purchases to Spl. Category Dealers @ 7.25%

The values of entries recorded using these VAT/Tax classifications are captured in Form No. 10.

  • Form No. 9 format is supported for debit notes and credit notes.
  • The value of entries recorded using VAT/Tax classifications provided for purchases made within the state at 14.5% VAT rate are captured in Form No. 52.

Madhya Pradesh :

  • The Return Form 10 is enhanced as per the latest amendments.

Maharashtra :

  • New VAT flag – TCS Adjustment is provided in journal voucher. The value of entries recorded using this VAT flag will be captured as the amount of tax collected at source u/s 31A in Form 231 and 233.

Odisha :

The following new VAT/Tax classifications are provided for 50% VAT rate.

  • Input VAT @ 50% / Purchases @ 50%
  • Interstate Purchases @ 50%
  • Transfer of Rights Inward @ 50%
  • Output VAT @ 50% / Sales @ 50%
  • Output VAT @ 50% on Transfer of Right to Use / Sales @ 50% – Transfer of Right to Use
  • Consignment Transfer Outward of 50% Taxable Purc
  • CST @ 50% / Interstate Sales @ 50%
  • Purchase Tax @ 50%
    The value of entries recorded using the aforementioned VAT/Tax classifications will be captured in respective fields of Form VAT 201, VAT Annexures – I and II, CST Form I and CST Annexures.

The VAT and CST Forms, both physical and e-returns, are enhanced as per latest statutory requirements.

Punjab :

  • The Worksheet 4 of e-return – Form VAT 15 is supported.

Tamil Nadu :

  • The Annexure -IA is provided as per the latest amendments.
  • The e-VAT feature is enhanced to support export of Form W data in Excel Spreadsheet format to the template file.
  • In the Print Report screen of VAT Annexures, the option – Round-off Values is provided. On setting this option to No, the row – Rounded-Total will be displayed with values roundedoff to the nearest rupee below the Total row.

 

And more….
Release details of Stat.900 version 198 (PDF file)

Download Stat 198

What’s New in Tally.ERP 9 – Auditors’ Edition

Posted on by Tally Academy

The highlights of this release are listed below :

Audit Working Papers

In a live audit scenario, Auditors have to manually record their comments. The Audit Working Paper (AWP) feature in Tally.ERP 9 Auditors’ Edition eliminates this manual-entry.

Track Transactions on Holidays & Weekly Offs

Auditors can now check for transactions which are entered by the client on holidays (weekly offs- viz., Sunday & National/State/Bank Holidays).

Inter Bank Transfers

This feature provides visibility to fund transfers from one Bank to another, allowing the Auditor to investigate frequent instances.

Unadjusted Advances

The Unadjusted Advances feature gives an overall report of the status of ledgers having pending advance receivables.

Highest & Lowest Value Transactions

Transactions of any kind can either be consistent or near – consistent over a period of time; they should not fluctuate wildly. This feature allows Auditors to analyse the top High and/or Low ‘X’ (eg: 5 or 10) number of transactions.

Accounts squared off during the year

This feature in Tally.ERP 9 Auditors’ Edition will help the Auditor track transactions which do not have an opening balance or a closing balance, i.e. balances which are squared off in the financial year.

Checklist of Accounting Standard (AS) Compliance

The Checklist of Accounting Standard (AS) Compliance feature in Tally.ERP 9 Auditors’ Edition lists all the standards as per the Accounting Standards Board (ASB); Auditors can check if their clients comply.

Checklist of Audit & Assurance Standard (AAS) Compliance

Tally.ERP 9 Auditors’ Edition provides a complete list of Audit & Assurance Standards (AAS). These benchmarks are used to measure the quality and the objectives achieved in audits.

Percentage report of sample size for substantive test

The Percentage Report dashboard in the Auditors’ Edition provides a list of vouchers sampled along with the percentage of the sampling methods adopted for each of them.

Cash Withdrawals/Deposits to Bank

Cash Withdrawals and Deposits are scrutinised based on their respective dates recorded in the books. Tally.ERP 9 Auditors’ Edition helps Auditors track and review irregularities in such transactions.

Stale Cheques/Instruments

When cheques have not been deposited into the Bank or not cleared within a specified time-frame, they are called Stale Cheques/Instruments. Tally.ERP 9 Auditors’ Edition introduces this feature which lists all such instruments for the purpose of scrutiny by the Auditor.

See the complete release notes here.

Click here for download

Tally.ERP 9 Series A Release 4.61 4th June, 2013

Posted on by Tally Academy

The new Tally.ERP 9 Release 4.61 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. This migration is recommended for all Tally 9 licenses.

New Features :

Performance :

  • The time taken to display TDS Details screen while recording a Journal Voucher has been reduced.

Functional Enhancements :

TDS :

  • In adherence to the amendment made to Finance Bill 2013, section 206AA is not applicable for section 194LC w.e.f 01.06.2013, implying whether or not a deductee’ s PAN is furnished in the Party master, TDS on Income From Foreign Currency, Bonds Or Shares of Indian Company will be deducted at the normal rate (5%)

 

The highlights of this release are listed below :

Tax Deducted at Source

  • In adherence to the amendments made to Finance Act 2013, tax deduction at the rate of 5% for 194LC is supported for the Nature of Payment Income From Foreign Currency, Bonds Or Shares of Indian Company irrespective of whether or not PAN         for the deductee is specified in the party ledger

Maharashtra – Local Body Tax

  • To support printing of Registration details specific to Local Body Tax in invoices, the facility to enter the same in the Company and Ledger master level has been provided

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 197 from 4th June, 2013

Posted on by Tally Academy

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

Major Enhancement are :

TDS :

The following new Natures of Payments applicable from June 1, 2013 have been provided

  • Income by way of interest on certain bonds and Government Securities.
  • Payment on transfer of certain immovable property other than agricultural land.

 

VAT :

Delhi :

  • If there are more than one TIN for a party ledger, then the transaction details will be captured in separate rows of Annexure 2A and 2B based on the TIN entered in Party Details screen of the invoice.
  • As per statutory requirements, the Annexure 2C for details of debit/credit notes related to Purchases has been provided.
  • As per statutory requirements, the Annexure 2D for details of debit/credit notes related to Sales has been provided.

Maharashtra :

  • The e-VAT feature is enhanced to facilitate export of data to the excel template – Form 501 - the Application for refund under section 51 of the Maharashtra Value Added Tax Act, 2002
  • The physical Annexures J1 and J2 are provided as per e-VAT Annexures J1 and J2.
  • Tally.ERP 9 has initiated to support Local Body Tax by providing the facility to enter and print Registration Details. Users can now enter registration details in Company masters and Ledger masters and print the same in invoices along with the declaration

Tamil Nadu :

  • The VAT Form I and Annexures I and II are enhanced as per the latest statutory requirements.

Uttar Pradesh :

To account for the reduction in VAT rate from 50% to 25% on cigarettes, the following VAT/Tax classifications are provided:

  • Input VAT @ 25% / Purchases @ 25%
  • Purchases @ 25% (Non VATable)
  • Purchase From URDs – Non Taxable Goods @ 25%
  • Purchase From URDs – Taxable Goods @ 25%
  • Input Tax Credit on Purchase From URDs @ 25%
  • Interstate Purchases @ 25%
  • Output VAT @ 25% / Sales @ 25%
  • Output Tax @ 25% (Non VATable) / Sale @ 25% (Non VATable)
  • Output VAT (Retail) @ 25% / Sales Retail @ 25%
  • Output VAT (Retail) @ 25% (Non VATable) / Sales Retail @ 25% (Non VATable)
  • Purchase Tax @ 25% (Non VATable)
  • CST @ 25% / Interstate Sales @ 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.

And more….
Release details of Stat.900 version 197 (PDF file)

Download Stat 197

What is Tally Stat file

Posted on by Tally Academy

Tally Stat file or Stat.900 file

Tally_Stat Tally Stat file contains the latest updates of all statutory information related to various taxes, such as

  • VAT
  • Excise
  • Service Tax
  • TDS
  • Payroll

This is State specific and covers PAN India tax classification, Forms, Annexures calculations,

The implications of tax change, form change, introduction of new tax rates by State or Central Government is updated through Stat file

 

Download Latest Tally Stat File

Upcoming Releases on 28th May, 2013

Posted on by Tally Academy

Indian Taxation

Excise for Manufacturers :

  • Credit Note Support will be provided
  • Supplementary Invoice support will be provided

 

VAT

The functionality will be enhanced to capture the value of entries made using VAT/Tax class provided for new VAT rates as per budget changes in respective VAT Forms of the states Bihar, Himachal Pradesh, Gujarat & Maharashtra.

 

Karnataka

  • The online requisition will be enhanced as per the latest changes

Maharashtra

  • The e-VAT Form 501 (Refund Claim) will be provided as per the requirement

Tamil Nadu

  • The VAT return form will be enhanced as per the latest amendments

 

Notify me, when ready »

Multiple Addresses For Company and Ledger Masters

Posted on by Tally Academy

Now, The Flexibility You Always Wanted

 multipleaddresses Whether transacting a sale or a purchase, staff often had difficulty managing the documentation. Sometimes the sale took place from H.O. Then, communications needed to be directed to another office, while the shipment went from a third location such as a warehouse. Each of these steps called for different addresses to be entered in the documents, EACH TIME. It was complicated and led to delays and errors. Further, Statutory filing often called for a different address.Unlimited Labels make life Easier!

Extremely useful when Companies have multiple offices, the powerful Multiple Address facility in Tally.ERP 9 lets you generate as many Labels just the way your business requires. Choose Labels like ‘Godown’ or ‘Warehouse’ or ‘Branch (South)’ apart from H.O., Corporate Office etc., with corresponding details for each. Then, simply select a Label from the list and the full address gets inserted in the Invoice.

Benefits:

  • Enhances flexibility
  • Reduces errors since selection is made from a list
  • Increases comfort and ease of use
  • Convenient

Tally in Arabic

Posted on by Tally Academy

Tally Speaks your Language – Arabic

tally-arabic The world’s first concurrent multi-lingual business management software is now available in Arabic.

Tally.ERP 9 works with languages that follow the right to left script. On selecting Arabic as the Display language, Tally.ERP 9 will switch over to the right to left script, retaining all the existing functionalities. This feature immensely benefits users from the countries using Arabic as the official language.

This means business owners and managers can now create or alter masters, post transactions and view reports… in their native language!! This is a big advantage when operators are more conversant with Arabic, while principals and official bodies (such as Banks) require documents to be submitted in English.

While Tally.ERP 9 can now handle Arabic, it still comes with all the advantages of Tally.ERP 9 like Remote login and Edit, Recruitment…

 

Benefits include:

  • No restarting the computer
  • Bi-directional support (ledger name in combination of 2 languages)
  • Manage business in your native language
  • Simple layout change lets you work with Tally.ERP 9 in Arabic
  • Bi-directional Language Support –Ledger/Group/Item name have a combination of Arabic/English
  • Flexibility to maintain business information in English, view and print reports in Arabic or vice-versa