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In adherence to the notification, to support the new VAT rate of 14.3%on batteries and 9.35% onÂ mobiles, the following VAT/Tax classifications have been provided, effective from 18 April, 2015:

Battery
- CST @ 14.3%/Interstate Sales @ 14.3%
- Input VAT @ 14.3%/Purchase @ 14.3%
- Interstate Purchases @ 14.3%
- Output VAT @ 14.3%/Sales @ 14.3%
- Output VAT – Works Contract @ 14.3%/Sales-Works Contract @ 14.3%
- Purchase From URDs – Taxable Goods @ 14.3%
- Purchases – Capital Goods @ 14.3%
- Purchase Tax @ 14.3%
- Purchases – Capital Goods @ 14.3% (Notional)

Mobile

CST @ 9.35%/Interstate Sales @ 9.35%
Input VAT @ 9.35%/Purchase @ 9.35%
Interstate Purchases @ 9.35%
Output VAT @ 9.35%/Sales @ 9.35%
Output VAT – Works Contract @ 9.35%/Sales-Works Contract @ 9.35%
Purchase From URDs – Taxable Goods @ 9.35%
Purchases – Capital Goods @ 9.35%
Purchase Tax @ 9.35%
Purchases – Capital Goods @ 9.35% (Notional)

The following new VAT/Tax classifications are supported effective from 1 April, 2012:

Purchases Against Form – H (Within State)
Sales Against Form-H (Within State)

Note: Currently, the values of transactions recorded using the aforesaid classifications for VATÂ rates 14.3%, 9.35%, and the transactions against Form – H will be captured in the VATÂ Computation report. In the forthcoming product release, the functionality will be enhanced to
capture the values of entries recorded, in the relevant VAT Forms.

JharkhandÂ :

In adherence to the notification, to support the new VAT rate of 2.5% applicable on iron and steelÂ the following VAT/Tax classifications have been provided, effective from 10 April, 2015::
- CST @ 2.5%/Interstate Sales @ 2.5%
- Input VAT @ 2.5%/ Purchases @ 2.5%
- Interstate Purchases @ 2.5%
- Output VAT @ 2.5%/Sales @ 2.5%
- Output VAT – Works Contract @ 2.5%/Sales-Work Contract @ 2.5%
- Purchase From URDs – Taxable Goods @ 2.5%
- Purchase Tax @ 2.5%
- Purchases – Capital Goods @ 2.5%
  Note: Currently, the values of transactions recorded using the aforesaid classifications will beÂ captured in the VAT Computation report. In the forthcoming product release, the functionality will beÂ enhanced to capture the values of entries recorded, in the relevant VAT Forms.

And more….

Release details of Stat.900 version 241 (PDF file)

DownloadÂ Stat 241

Tally.ERP 9 Series A Release 4.93, 28th March, 2015

Posted on March 31, 2015 by Tally Academy

The new Tally.ERP 9 Release 4.93 is available now!

FREE for all users of Tally.ERP 9.*

Tally.ERP 9Â is the latestÂ ERPÂ 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.

Issues Resolved :

Accounting Vouchers

Error message was being displayed while altering receipt/contra vouchers, resolved:
The error message Incorrect ledger selected in the Bank Allocations screen was displayed whenÂ receipt and contra vouchers were opened for alteration in double entry mode, using Release 4.92.
Now, receipt/contra vouchers can be altered in double entry mode. However, in case of ledger mismatch,Â the Bank Allocations screen will appear, for the user to make the required correction.

Data/Migration

Error message was being displayed while splitting/synchronising data, resolved:
The error message Incorrect ledger selected in the Bank Allocations screen was displayed when dataÂ was split or synchronised using Release 4.92.
The error message is not displayed if data is verified using the Verify Company Data tool in the SplitÂ Company Data menu, before splitting/synchronising using Release 4.93.

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 hereÂ for release notes

Click hereÂ for download

Available new stat 238 from 11th February, 2015

Posted on February 16, 2015February 23, 2015 by Tally Academy

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

Major Enhancement are :

Vat

Dadra and Nagar HaveliÂ :

In adherence to the notification, to support the change in VAT rate of petroleum products from 20% to 15% , the following VAT/Tax classifications have been provided
- CST @ 15%/ Interstate Sales @ 15%
- Output VAT @ 15%/ Sales @ 15%
- Input VAT @ 15%/ Purchases @ 15%
- Interstate Purchases @ 15%
  
  Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured in the VAT Computation report. In the forthcoming product release, the functionality will be enhanced to capture the values of entries recorded in the relevant VAT Forms

MeghalayaÂ :

In adherence to the notification, to support the change in VAT rate from 13.5% to 14.5% , the following VAT/Tax classifications have been provided :
- CST @ 14.5%/ Interstate Sales @ 14.5%
- Output VAT @ 14.5%/ Sales @ 14.5%
- Output VAT @ 14.5% Special Rate/ Sales @ 14.5% Special Rate
- Input VAT @ 14.5%/ Purchases @ 14.5%
- Purchases @ 14.5% Special Rate
- Purchase Tax @ 14.5%/ Purchase From URDs – Taxable Goods @ 14.5%
- Purchases – Capital Goods @ 14.5%
- Interstate Purchases @ 14.5%
  
  Note : Â Currently, the values of transactions recorded using the aforesaid classifications will be captured in the VAT Computation report. In the forthcoming product release, the functionality will be enhanced to capture the values of entries recorded in the relevant VAT Forms

OdishaÂ :

In adherence to the notification, to support works contract at 1% and 5% VAT rates, the following VAT/Tax classifications have been provided:
- Output VAT – Works Contract @ 1%/ Sales – Works Contract @ 1%
- Output VAT – Works Contract @ 5%/ Sales – Works Contract @ 5%
  
  Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured in the VAT Computation report. In the forthcoming product release, the functionality will be enhanced to capture the values of entries recorded in the relevant VAT Forms

Punjab:

In adherence to the notification, to support the change in VAT rate from 4.5% to 2.5% , the following VAT/Tax classifications have been provided :
- Input VAT @ 2.5% – (JobWork)/ Purchases @ 2.5% (JobWork)
- CST – Works Contract @ 2.5%/ Interstate Sales – Works Contract @ 2.5%
- Output VAT – Works Contract @ 2.5%/Sales – Works Contract @ 2.5 %
  
  Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured in the VAT Computation report. In the forthcoming product release, the functionality will be enhanced to capture the values of entries recorded in the relevant VAT Forms.

TelenganaÂ :

In adherence to the notification, to support the revised VAT rates of 35.20% on petrol, and 27% on diesel, the following VAT/ Tax classifications have been provided :
- Output VAT @ 35.20% Special Rate/ Sales @ 35.20% Special Rate
- Output VAT @ 27% Special Rate/ Sales @ 27% Special Rate
  
  Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured in the VAT Computation report. In the forthcoming product release, the functionality will be enhanced to capture the values of entries recorded in the relevant VAT Forms.

Uttar PradeshÂ :

In adherence to the notification, to support the revised VAT rates of 26.80% for petrol Â and 17.48% for diesel , the following VAT/Tax classifications have been provided.

Input VAT @1.10%/ Purchases @ 1.10%
Output VAT @1.10%/ Sales @ 1.10%
Output VAT @1.10% to URDs
Purchases From URDs – Taxable Goods @ 1.10%

For Schedule III (other than declared) and Schedule IV Goods
Â Input VAT @4.5%/ Purchase @ 4.5%
Output VAT @4.5%/ Sales @ 4.5%
Output VAT @4.5% to URDs
Purchases From URDs – Taxable Goods @ 4.5%
Purchase – Capital Goods @ 4.5%

For Schedule V Goods
Â Input VAT @13.5%/ Purchase @ 13.5%
Output VAT @13.5%/ Sales @ 3.5%
Output VAT @13.5% to URDs
Purchases From URDs – Taxable Goods @ 13.5%
Purchase – Capital Goods @ 13.5%

For Schedule VI Goods
Input VAT @ 22%/ Purchase @ 22%
Output VAT @ 22%/ Sales @ 22%

For all types of Liquor, Beer and other alcoholic drinks
Â Input VAT @25%/ Purchase @ 25%
Output VAT @25%/ Sales @ 25%

Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries

recorded using these VAT/Tax classifications in relevant forms.

UttarakhandÂ :

In adherence to the notification, to support the change in VAT rate for Timber and liquor from 20% to 15%, the following VAT/Tax classifications have been provided, with effect from 25 December, 2014:
- Â CST @ 26.80% (Non VATable)/ Interstate Sales @ 26.80% (Non VATable)
- Output VAT @ 26.80% (Non VATable)/ Sales @ 26.80% (Non VATable)
- Purchase Tax @ 26.80% (Non VATable)/ Purchase From URDs â€“Non Taxable Goods @26.80%
- Purchases @26.80% (Non VATable)
- Purchases – Composition Tax @ 26.80% (Non VATable)
- CST @ 17.48% (Non VATable )/ Interstate Sales @ 17.48% (Non VATable)
- Output VAT @ 17.48% (Non VATable) / Sales @ 17.48% (Non VATable)
- Purchase Tax @ 17.48% (Non VATable) / Purchase From URDs â€“Non Taxable Goods @17.48%
- Purchases @ 17.48% (Non VATable)
- Purchases – Composition Tax @ 17.48% (Non VATable)
  
  Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured in the VAT Computation report. In the forthcoming product release, the functionality will be enhanced to capture the values of entries recorded in the relevant VAT Forms

And more….

Release details of Stat.900 version 238 (PDF file)

DownloadÂ Stat 238

Tally.ERP 9 Series A Release 4.92, 21st January, 2015

Posted on January 22, 2015 by Tally Academy

The new Tally.ERP 9 Release 4.92 is available now!

FREE for all users of Tally.ERP 9.*

Issues Resolved :

Data/Migration

Memory Access Violation error while altering Payment/Receipt/Contra vouchers, resolved:
Tally.ERP 9 was crashing with the error Memory Access Violation under specific circumstances.
This error was occurring if the following operations were executed in the same order as listed below:
Note: The option Allow Zero valued entries (F11: Features > F1: Accounting Features) is disabled inÂ both scenarios.

Scenario 1

Record a voucher for multiple parties using a bank ledger, providing nil value for one of the partyÂ ledgers. In the Bank Allocations screen select the party ledger with nil value, under Ledger Name.
Delete the party ledger master for which nil value was provided.
Open a voucher that has been recorded using the same bank ledger in alteration mode and pressÂ Ctrl+A. Tally.ERP 9 crashes with the error Memory Access Violation.

Scenario 2

Record a voucher by selecting a party ledger and a bank ledger (the F12: Configure option UseÂ Defaults for Bank Allocations is set to Yes).
Open the voucher in alteration mode and change the party ledger. Save the changes.
Delete the party ledger master that was replaced in the altered voucher.
Open a voucher that has been recorded using the same bank ledger, in alteration mode and pressÂ Ctrl+A. Tally.ERP 9 crashes with the error Memory Access Violation.

Procedure to rectify the data using Release 4.92:

Open your data in Release 4.92.
From Gateway of Tally, press Ctrl + Alt + R.
Select the company that has to be rewritten.
The dialog box Rewrite? appears. Click Yes.
The dialog box Backup before rewriting? appears. Click Yes to create a backup of the company thatÂ you are rewriting.
After rewriting, open the Tally.REW file. This file will be available in the Tally.ERP 9 folder and willÂ contain the following information for transactions that have a ledger mismatch:
- Voucher Number (if manual numbering is used for the vouchers)
- Voucher Type (for Voucher Types created by the user, the default Voucher Type under whichÂ they have been categorised will be captured)
- Voucher date
- Voucher amount
- Narration
Identify these transactions in the corresponding company and re-accept them using the Enter key.
Please note that the Bank Allocations screen will retain all information except the party ledger. SelectÂ the party ledger while re-accepting.

And more…..

Functional Enhancement

Accounting Vouchers

Issue of Bank Allocations screen displaying ledgers with nil transaction value, resolved:
While recording a bank transaction using multiple ledgers, the ledger that was provided with nil value wasÂ being listed in Bank allocations screen. Now ledgers with nil value in the entry will not be listed in BankÂ Allocations screen.

The Highlights in Tally.ERP 9 Series A Release 4.92 :

Indian Taxation :

Excise for Dealers/Importers

Excise for ImporterÂ feature is introduced in adherence to Notification datedÂ 28th February 2014, with the facility to provide registration details, transfer stock toÂ importer unit, generate reports and e-returns
Excise enabled purchase vouchers are enhanced to captureÂ RG 23D NumberÂ inÂ sequence and automatically during entry when the numbering maintained is of pureÂ numeric sequence

Accounting Reports

Sorting of transactions based on only numerical or alphabetical order of voucherÂ numbers is supported inÂ Voucher Register

Note :Â Tally.ERP 9 Series A Release 4.91 is compatible with Tally.Server 9 Series A Release 4.9.

Karnataka

e-UPaSSÂ (Electronic Upload of Purchase and Sales Statements) is provided as per the latest statutory mandate. A simple two-step process in Tally.ERP 9 makes compliance hassle free:

Validate with built-in rules and automatically update all books of account to make themÂ error free
Upload all annexures directly into the government portal from Tally.ERP 9

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 hereÂ for release notes

Click hereÂ for download

Available new stat 237 from 12th January, 2015

Posted on January 13, 2015January 17, 2015 by Tally Academy

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

Major Enhancement are :

Vat

Himachal PradeshÂ :

In adherence to the notification, to support the increase in VAT rate for diesel from 9.60% to 11.50% , the following VAT/Tax classifications have been provided with effect from 1 January, 2015
- CST @11.50%/Interstate Sales @11.50%
- Interstate Purchases@11.50%
- Input VAT @11.50%/ Purchases@ 11.50
- Output VAT@11.50%/Sales @11.50%
- OutputVAT@11.50%(of Local purchase)/ Sales@11.50% (of Local Purchase)
- OutputVAT@11.50%(of purchase Outside State)/ Sales @11.50% (of purchase outside state)
  
  Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the 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 11.50% VAT rate in VAT relevant forms

Madhya PradeshÂ :

In adherence to the notification, to support the increase in VAT rate for petrol from 27% to 31%, the following VAT/Tax classifications have been provided, with effect from 17 December, 2014:
- Â Input VAT @ 31% Special Rate/ Purchase @ 31% Special Rate
- Purchase Tax – Special Rate @ 31%
- Purchases From URDs -Special Rate @ 31%
- Output VAT @ 31% Special Rate/ Sales @ 31% Special Rate
  
  Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the 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 31% VAT rate in VAT relevant forms.

OdishaÂ :

- CST @ 23%/ Interstate Sales @23%
- Output VAT @23%/ Sales @ 23%
- Sales â€“ Schedule C items @ 23%
- Interstate Purchases @ 23%
- Input VAT @23%/ Purchase @ 23%
- Purchases â€“ Schedule C items @ 23%
  
  Note : Currently, the values of transactions recorded using the classifications provided for 23% VAT rate will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of the entries in VAT forms.

PuducherryÂ :

To support interstate purchases and sales for multiple rates of CST, the following VAT/Tax Classifications have been provided:
- CST @ 2% Against Form C/ Interstate Sales @ 2% Against Form C
- CST @ 0.50%/ Interstate Sales @0.50 %
- CST @ 1%/ Interstate Sales @1%
- Interstate Purchase @ 2% Against Form C
- CST @ 3%/ Interstate Sales @ 3%
- CST @ 4%/ Interstate Sales @ 4%
- CST @ 5%/ Interstate Sales @ 5%
- CST @ 6%/ Interstate Sales @ 6%
- CST @ 8%/ Interstate Sales @ 8%
- CST @ 10%/ Interstate Sales @ 10%
- CST @ 12.5%/ Interstate Sales @ 12.5%
- CST @ 14%/ Interstate Sales @ 14%
- CST @ 14.5%/ Interstate Sales @14.5%
- CST @ 15%/ Interstate Sales @15%
- CST @ 20%/ Interstate Sales @20%
- CST @ 35%/ Interstate Sales @35%
- Inter -State Sales Exempted
- Inter State Sales Against Form E1
- Inter State Sales Against Form E2
  
  Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using these VAT/Tax classifications in relevant forms
In adherence to the notification, to support the new VAT rate of 20% for cigarettes, the VAT/Tax classifications Purchases @ 20% and Input VAT @ 20% have been provided, with effect from 16 October, 2014:

Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the 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 20% VAT rate in relevant VAT forms.

RajasthanÂ :

New VAT/Tax classifications CST @ 0.25% and Interstate Sales@ 0.25% have been provided to record interstate sales at 0.25% CST rate.

Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the 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 0.25% CST rate in relevant forms.
Â In adherence to the notification, to support the increase in VAT rates of diesel and petrol, the following VAT/Tax classifications have been provided:

Diesel (from 18% to 22%)
- CST @ 22%/ Interstate Sales @ 22%
- Purchase Tax @ 22%
- Output VAT @ 22% Special Rate/ Sales @ 22% Special Rate
- Input VAT @ 22% Special Rate/ Purchase @ 22% Special Rate
- Purchase from URDs â€“ Special Rate @ 22%
  
  Petrol (from 26% to 30%)
- CST @30%/ Interstate Sales @30%
- Purchase Tax @ 30
- Output VAT @30% Special Rate/ Sales @30% Special Rate
- Input VAT @ 30% Special Rate/ Purchase @ 30% Special Rate
- Purchase From URDs â€“ Special Rate @30%
  
  Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the 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 22% and 30% VAT rates in relevant forms.

Sikkim :

- CST @ 1%/ Interstate Sales @ 1%
- Â CST@ 1.10%/ Interstate Sales @ 1.10%
- CST @ 4%/ Interstate Sales @ 4%
- CST @ 4.5%/ Interstate Sales @ 4.5%
- CST @ 12.5%/ Interstate Sales @ 12.5%
- CST @ 13.5%/ Interstate Sales @ 13.5%
- CST @ 22%/ Interstate Sales @ 22%
- CST @ 25%/ Interstate Sales @ 25%
- CST @2% Against Form C/ Interstate Sales @ 2% Against Form C
  
  Interstate Purchase @ 2% Against Form
  
  Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries
  
  recorded using these VAT/Tax classifications in relevant forms.
Adhering to the notification, new VAT/Tax classifications have been provided to support VAT rate changes for:

Schedule II Goods:
- Input VAT @1.10%/ Purchases @ 1.10%
- Output VAT @1.10%/ Sales @ 1.10%
- Output VAT @1.10% to URDs
- Purchases From URDs – Taxable Goods @ 1.10%
  
  For Schedule III (other than declared) and Schedule IV Goods
- Â Input VAT @4.5%/ Purchase @ 4.5%
- Output VAT @4.5%/ Sales @ 4.5%
- Output VAT @4.5% to URDs
- Purchases From URDs – Taxable Goods @ 4.5%
- Purchase – Capital Goods @ 4.5%
  
  For Schedule V Goods
- Â Input VAT @13.5%/ Purchase @ 13.5%
- Output VAT @13.5%/ Sales @ 3.5%
- Output VAT @13.5% to URDs
- Purchases From URDs – Taxable Goods @ 13.5%
- Purchase – Capital Goods @ 13.5%
  
  For Schedule VI Goods
- Input VAT @ 22%/ Purchase @ 22%
- Output VAT @ 22%/ Sales @ 22%
  
  For all types of Liquor, Beer and other alcoholic drinks
- Â Input VAT @25%/ Purchase @ 25%
- Output VAT @25%/ Sales @ 25%
  
  Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries
  
  recorded using these VAT/Tax classifications in relevant forms.

UttarakhandÂ :

In adherence to the notification, to support the change in VAT rate for Timber and liquor from 20% to 15%, the following VAT/Tax classifications have been provided, with effect from 25 December, 2014:
- Â Input VAT @ 15%/ Purchase @ 15%
- Â Purchase From URDs â€“Taxable Goods @15%
- Â Purchase From URDs â€“ SCG @15%
- Output VAT @ 15%/ Sales @ 15%
- Output VAT @ 15% (of Purc Outside State)/ Sales @15% (of Purc Outside State)
- Output VAT @ 15% (of Purc Outside State) – SCG/ Sales @15% (of Purc Outside State)-SCG
- Â Output VAT @ 15% – Spl. Category Goods/ Sales @15% – Spl. Category Goods
- CST @ 15%/ Interstate Sales @15%
- Purchase Tax @ 15%
  
  Note : Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the 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 15% VAT rate in relevant forms.
In adherence to the notification, to support the new VAT rate of 9% for Sand, gravel, riverbed material (RBM), boulders, crushed stone, stone blast, gret stone, gitti (stone) and stone dust, with effect from 17 December, 2104
- Input VAT @ 9%/ Purchase @ 9%
- Output VAT @ 9%/ Sales @ 9%
- Purchase From URDs â€“Taxable Goods @ 9%
- Purchase Tax @ 9%
- CST@9%/ Interstate Sales @ 9%
  
  Note : Â Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the 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 9% VAT rate in relevant forms

And more….

Release details of Stat.900 version 237 (PDF file)

DownloadÂ Stat 237

Available new stat 236 from 2nd December, 2014

Posted on December 6, 2014 by Tally Academy

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

Major Enhancement are :

Vat

ChandigarhÂ :

Adhering to the notification, the following new VAT/Tax classifications forÂ 8%Â andÂ 9.68%Â VAT ratesÂ are introduced, with effect fromÂ November12, 2014
- Purchases @ 8%/ Input VAT @ 8%
- Purchases @ 8%(Job work)/ Input VAT @ 8% (Job Work)
- Sales @ 8%/ Output VAT @ 8%
- Sales â€“ Works Contract @ 8%/ Output VAT â€“ Works Contract @ 8%
- Interstate Sales @ 8%/ CST@ 8%
- Purchases @ 9.68%/ Input VAT @ 9.68%
- Purchases @ 9.68%(Job work)/ Input VAT @ 9.68% (Job Work)
- Sales @ 9.68%/ Output VAT @ 9.68%
- Sales â€“ Works Contract @ 9.68%/ Output VAT â€“ Works Contract @ 9.68%
- Interstate Sales @ 9.68%/ CST@ 9.68%
Currently, the value of transactions recorded using the aforesaid classifications will be capturedÂ only in the VAT Computation report.
Note: In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the valuesÂ of entries recorded using VAT/Tax classifications provided for 8% and 9.68% VAT rates in relevantÂ VAT Forms.

HaryanaÂ :

Adhering to the notification, the following new VAT/Tax classifications for 11.5% VAT rate areÂ introduced, with effect from November 26, 2014:
- Purchase @ 11.5% Tax Rate/LP-7A-11.5%
- Sale of Goods to Unregistered Dealers @ 11.5% Rate/LS-9C-11.5%
- Sale Outside the State (of Purc Outside State) @ 11.5%/LS-1-11.5%
- Sale in the Course of Inter-State Trade @ 11.5%/LS-2-11.5%
- Sales @ 11.5% Tax Rate/LS-9A-11.5%

Currently, the values of entries recorded using these classifications are being captured only in theÂ VAT Computation report.
Note: In the forthcoming Stat.900 releases, this functionality will be enhanced to capture the valuesÂ of entries recorded using VAT/Tax classifications provided for 11.5% VAT rate in relevant VATÂ Forms.

KeralaÂ :

The following VAT/Tax classifications have been provided to support the VAT rate change, withÂ effect from 19 November, 2014:
- Sales@22.07% (Non VATable) for Diesel
- Sales@28.72% (Non VATable) for Petrol
Currently, the values of entries recorded using these classifications are being captured only in theÂ VAT Computation report.
Note: In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the valueÂ of entries recorded using the aforementioned classifications in relevant VAT forms.

Madhya PradeshÂ :

The VAT/Tax class Sales- Composition Tax @ 5% has been provided. The value of entriesÂ recorded using this classification is currently captured only in the VAT Computation report.Note: In the forthcoming Stat.900 releases, this functionality will be enhanced to capture the valueÂ of entries recorded using this VAT/Tax classification in relevant VAT forms.

MaharashtraÂ :

Adhering to the notification, the following new VAT/Tax classifications have been provided toÂ support the new VAT rate of 5% for notified construction contracts.
- Sales – Composition Tax @ 5% (Construction)
- Composition Tax @ 5% (Construction)
Note: In the forthcoming Stat.900 releases, this functionality will be enhanced to capture the valuesÂ of entries recorded using VAT/Tax classifications provided for 5% VAT rate in VAT Forms.

MizoramÂ :

In adherence to the notification, increase in VAT rate for Cigarettes, Cigar, Cigarillos, and VaihloÂ from 13.5% to 20%, the following VAT/Tax Classifications have been provided:
- Purchases @ 20%/ Input VAT @ 20%
- Purchases @ 20%(Job work)/ Input VAT @ 20% (Job Work)
- Sales @ 20%/ Output VAT @ 20%
- Sales â€“ Works Contract @ 20%/ Output VAT â€“ Works Contract @ 20%
- Interstate Sales @ 20%
Currently, the values of transactions recorded using the aforesaid classifications will be capturedÂ only in the VAT Computation report.
Note: In the forthcoming Stat.900 releases, this functionality will be enhanced to capture the valueÂ of entries recorded using VAT/Tax classifications provided for 20% VAT rate in VAT Forms

PunjabÂ :

To support the increase in VAT rate from 8.25% to 11.25% on diesel other than premium dieselÂ under Schedule E, the following VAT/Tax classifications have been provided:
- Purchases @ 11.25%/Input VAT @ 11.25%
- Sales @ 11.25%/Output VAT @ 11.25%
- Purchases from URDs Taxable @ 11.25%/ Purchase Tax @ 11.25%

Tamil NaduÂ :

To support the increase in VAT rate from 20% to 30% the following VAT/Tax classifications haveÂ been provided with effect from November 1, 2014:
- Purchases @ 30%/Input VAT @ 30%
- Sales @ 30%/ Output VAT @ 30%
Note: In the forthcoming Stat.900 releases, this functionality will be enhanced to capture the values
of entries recorded using VAT/Tax classifications provided for 30% VAT rate in VAT Forms.

And more….

Release details of Stat.900 version 236 (PDF file)

DownloadÂ Stat 236

Available new stat 235 from 21st October, 2014

Posted on October 31, 2014 by Tally Academy

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

Major Enhancement are :

Vat

Haryana :

As per the latest amendments, the following new VAT/Tax classifications are provided to support the new VAT rate of 2% for Oil Cakes, All kinds of pulses and Edible Oil with effect from 26thÂ August 2014 :
- Purchase @ 2% Tax Rate / LP-7A-2%
- Purchase – Works Contract @ 2% Tax Rate / LP-7A- Works Contract @ 2%
- Purchase of Goods at Lower Rate of Tax – 2% / LP-7B-2%
- Sales @ 2% Tax Rate / LS-9A-2%
- Sales – Works Contract @ 2% Tax Rate / LS-9A- Works Contract @ 2%
- Sale of Goods at Lower Rate of Tax – 2% / LS-9B-2%
- Sale of Goods to Unregistered Dealers @ 2% Rate / LS-9C-2%
- Sale of Goods to Unregistered Dealers @ 2% Lower Rate / LS-9C-2% (Lower Rate)
The value of transactions recorded using the aforesaid classifications will be captured only in the 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 2% VAT rate in relevant VAT Forms.

Himachal PradeshÂ :

As per the latest amendment, the following new VAT/Tax classifications are provided to support the VAT rate change from 25% to 27% for Motor-Spirit (Petrol including Aviation Turbine Fuel and Diesel) with effect from 18th October 2014 :

Interstate Sales @ 27% / CST @ 27%
Sales @ 27% / Output VAT @ 27%
Sales @ 27% (of Local Purc) / Output VAT @ 27% (of Local Purc)
Sales @ 27% (of Purc Outside State) / Output VAT @ 27% (of Purc Outside State)

The value of transactions recorded using the aforesaid classifications will be captured only in theÂ 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 27% VAT rate in relevant VAT Forms.

KeralaÂ :

As per the latest amendments, the following new VAT/Tax classifications are provided to support the VAT rate change from 22% to 30% for Tobacco Products with effect from 10th October 2014 :
- Purchases @ 30% / Input VAT @ 30%
- Sales @ 30% / Output VAT @ 30%
The value of transactions recorded using the aforesaid classifications will be captured only in the 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 30% VAT rate in relevant VAT Forms.

OdishaÂ :

As per the latest amendments, the following new VAT/Tax classifications are provided to support the new VAT rate of 2% for Aero engines including components and spare parts with effect from 30th September 2014 :
- Purchases @ 2% / Input VAT @ 2%
- Sales @ 2% / Output VAT @ 2%
The value of transactions recorded using the aforesaid classifications will be captured only in the 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 2% VAT rate in relevant VAT Forms.

PunjabÂ :

As per the latest amendments, the following new VAT/Tax classifications are provided to support the VAT rate change from 8.75% to 9.75% for Diesel Products with effect from 1st October 2014 :
- Purchases @ 9.75% / Input VAT @ 9.75%
- Sales @ 9.75% / Output VAT @ 9.75%
- Purchase From URDs – Taxable Goods @ 9.75% / Purchase Tax @ 9.75%
The value of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.
Note: In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the valueÂ of entries recorded using VAT/Tax classifications provided for 9.75% VAT rate in relevant VAT Forms.

TripuraÂ :

As per the latest amendments, the following new VAT/Tax classifications are introduced to support the VAT rate change from 35% to 25% of Tobacco & Tobacco products including Cigarettes & Gutka with effect from 29th September 2014 :
- Purchases @ 25% / Input VAT @ 25%
- Sales @ 25% / Output VAT @ 25%
The value of transactions recorded using the aforesaid classifications will be captured only in the 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 relevant VAT Forms

And more….

Release details of Stat.900 version 235 (PDF file)

DownloadÂ Stat 235

Available new stat 234 from 18th August, 2014

Posted on September 2, 2014 by Tally Academy

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

Major Enhancement are :

Excise for Dealers/ Importers

As per statutory rules, new XML schema is provided to include the return type Importer.
Since the same schema is applicable to dealers for filing e-returns, the e-return feature is enhanced with the necessary changes.

Payroll

As per the Union Budget 2014-15, changes to exemption and deduction limits of Income Tax are supported.
In Sahaj (ITR1) a new field is introduced to capture sec 80EE under Part C of Deductions and Taxable Total Income.

Tax Deducted at Source

As per the requirements of e-TDS/TCS FVU Version 4.3, new state code 36 for Telangana has been added and the same gets displayed in Form 26Q, Form 27Q, Form 27EQ and Form 24Q e-returns.

Vat

Haryana :

The value of entries recorded using the following VAT/Tax Classifications are displayed in theÂ relevant forms:
- Purchase @ 8% Tax Rate / LP-7A-8%
- Purchase – Works Contract @ 8% Tax Rate/LP-7A- Works Contract @ 8%
- Purchase of Goods at Lower Rate of Tax – 8% / LP-7B-8%
- Purchased in the Course of Inter-State Trade @ 8%/ LP-3-8%
- Purchased Outside the State (for Sale Outside) @ 8%/ LP-1-8%
- Sales @ 8% Tax Rate / LS-9A-8%
- Sales – Works Contract @ 8% Tax Rate/ LS-9A- Works Contract @ 8%
- Sale of Goods at Lower Rate of Tax – 8% / LS-9B-8%
- Sale of Goods to Unregistered Dealers @ 8% Rate / LS-9C-8%
- Sale of Goods to Unregistered Dealers @8%Lower Rate / LS-9C-8% (Lower Rate)
- Sale Outside the State (of Purc Outside State) @ 8%/ LS-1-8%
- Sale in the Course of Inter-State Trade @ 8%/ LS-2-8%

Rajasthan :

Effective from 14th July 2014, the following new VAT/Tax classifications are provided toÂ support new VAT rate of 2.5% on all types of used motor vehicles
- Purchase Tax @ 2%
- Sales @ 2% / Output VAT @ 2%
- Sales â€“ Works Contract @ 2% / Output VAT â€“ Works Contract @ 2%
- Purchase From URDs â€“ Taxable Goods @ 2%
- Purchases @ 2% / Input VAT @ 2%
- Purchases @ 2% (Lease) / Input VAT @ 2% (Lease)
- Purchases â€“ Capital Goods @ 2%
- Interstate Purchases @ 3%
- Purchases from URD â€“ Taxable Goods @ 3%
- Purchases @ 3%
- Purchases @ 3% (Lease)
- Purchases â€“ Capital Goods @ 3%
- Input VAT @ 3%
- Input VAT @ 3% (Lease)
- Interstate Purchases @ 2.5%
- Purchases from URD â€“ Taxable goods @ 2.5%
- Purchases @ 2.5%
- Purchases @ 2.5% (Lease)
- Purchases â€“ Capital Goods @ 2.5%
- Input VAT @ 2.5%
- Input VAT @ 2.5% (Lease)

And more….

Release details of Stat.900 version 234 (PDF file)

DownloadÂ Stat 234

Available new stat 233 from 19th June, 2014

Posted on June 23, 2014September 2, 2014 by Tally Academy

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

Major Enhancement are :

Vat

KarnatakaÂ :

E-VAT Annexures are provided as per statutory requirements. Facility is also provided to generate and upload the XML files to the Department’s portal directly.

And more….

Release details of Stat.900 version 233 (PDF file)

DownloadÂ Stat 233