Tally Stat File

Available new stat 269 from 7th November, 2016

Posted on by Tally Academy

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

Major Enhancement are :

Vat

Jharkhand :

    • As per the notification, effective from 04 Nov 2016, the following VAT classifications are provided to support the revised VAT rate from 5% to 5.5% :
      • Input VAT @ 5.5%/Purchase @ 5.5%
      • Interstate Purchases @ 5.5%
      • Output VAT @ 5.5%/Sales @ 5.5%
      • CST @ 5.5%/Interstate Sales @ 5.5%
      • Purchase From URDs – Taxable Goods @ 5.5%
      • Purchases – Capital Goods @ 5.5%
      • Purchase Tax @ 5.5%
      • Output VAT – Works Contract @ 5.5%/Sales – Works Contract @ 5.5%
    • As per the notification, effective from 04 Nov 2016, the following VAT classifications are provided to support the revised VAT rate from 14% to 14.5% :
      • Input VAT @ 14.5%/Purchase @ 14.5%
      • Interstate Purchases @ 14.5%
      • Output VAT @ 14.5%/Sales @ 14.5%
      • CST @ 14.5%/Interstate Sales @ 14.5%
      • Purchase From URDs – Taxable Goods @ 14.5%
      • Purchases – Capital Goods @ 14.5%
      • Purchase Tax @ 14.5%
      • Output VAT – Works Contract @ 14.5%/Sales – Works Contract @ 14.5%

Note: Currently, the values from transactions recorded using the above classifications are captured in the VAT Computation report. In future releases, the relevant VAT forms will be enhanced to capture these values.

And more….

Available new stat 266 from 17th September, 2016

Posted on by Tally Academy

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

Major Enhancement are :

Vat

Maharashtra :

    • As per the notification, effective 17 Sep 2016, the following VAT classifications are provided to support the revised VAT rate from 5.5% to 6% :
      • Composition Tax – Restaurant Etc @ 6%
      • Composition Tax – Retail @ 6%
      • CST @ 6%
      • CST – Works Contract @ 6%
      • Input VAT @ 6%
      • Input VAT – Works Contract @ 6%
      • Input VAT – Works Contract @ 6% (Construction)
      • Interstate Purchases @ 6%
      • Output VAT @ 6%
      • Output VAT @ 6% on Works Contract (Construction)
      • Output VAT – Works Contract @ 6%
      • Purchases – Capital Goods @ 6%
      • Sales – Restaurant Etc @ 6% (Composition)
      • Sales Retail @ 6% (Composition)
    • As per the notification, effective 17 Sep 2016, the following VAT classifications are provided to support the revised VAT rate from 12.5% to 13.5% :
      • Composition Tax – Motor Vehicle @ 13.5%
      • CST @ 13.5%
      • CST – Works Contract @ 13.5%
      • Input VAT @ 13.5%
      • Input VAT – Works Contract @ 13.5%
      • Interstate Purchases @ 13.5%
      • Output VAT @ 13.5%
      • Output VAT – Works Contract @ 13.5%
      • Output VAT – Works Contract @ 13.5% (on Going)
      • Purchases – Capital Goods @ 13.5%
      • Sales Motor Vehicle @ 13.5% (Composition)

Note: Currently, the values from transactions recorded using the above classifications are captured in the VAT Computation report. In the future releases, the relevant VAT forms will be enhanced to capture these values.

And more….

Available new stat 265 from 17th August, 2016

Posted on by Tally Academy

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

Major Enhancement are :

Vat

Bihar :

    • As per the notification, effective from 12th Aug 2016, the following VAT classifications are provided to support the revised VAT rate from 5% to 6% :
      • CST @ 6%/Interstate Sales @ 6%
      • Input Tax Credit on Purchase From URDs @ 6%
      • Input VAT @ 6%/Purchases @ 6%
      • Interstate Purchases @ 6%
      • Output VAT @ 6%/Sales @ 6%
      • Output VAT @ 6% to URDs/Sales @ 6% to URDs
      • Purchase From URDs – Taxable Goods @ 6%
      • Purchases – Capital Goods @ 6%
      • Purchase Tax @ 6%
    • As per the notification, effective from 12th Aug 2016, the following VAT classifications are provided to support the revised VAT rate from 14.5% to 15%:
      • CST @ 15%/Interstate Sales @ 15%
      • Input Tax Credit on Purchase From URDs @ 15%
      • Input VAT @ 15%/Purchases @ 15%
      • Output VAT @ 15%/Sales @ 15%
      • Interstate Purchases @ 15%
      • Output VAT @ 15% to URDs/Sales @ 15% to URDs
      • Purchase From URDs – Taxable Goods @ 15%
      • Purchases – Capital Goods @ 15%
      • Purchase Tax @ 15%

Note: Currently, the values of transactions recorded using the above classifications are captured in the VAT Computation report. The relevant VAT forms will be enhanced in future releases to capture values from transactions recorded using these classifications.

And more….

Tally.ERP 9 Series A Release 5.4.1, August, 2016

Posted on by Tally Academy

The new Tally.ERP 9 Release 5.4.1 is available now!

The latest version under Tally.ERP 9 Release 5 series is Release 5.4.1and was launched on 18th August, 2016.

Please note that Release 5.4.1 is applicable for selected states within India, namely

  • Andhra Pradesh
  • Assam
  • Bihar
  • Chandigarh
  • Delhi
  • Goa
  • Gujarat
  • Haryana
  • Karnataka
  • Kerala
  • Madhya Pradesh
  • Maharashtra
  • Odisha
  • Puducherry
  • Punjab
  • Rajasthan
  • Tamil Nadu
  • Telangana
  • Uttar Pradesh
  • West Bengal

VAT

Andhra Pradesh

The four new annexures introduced by the Commercial Taxes Department, Government of Andhra Pradesh, are supported in Release 5.4.1. The new annexures are:

  • Details of Debit Notes issued by Purchaser for goods returned (DNIPGR)
  • Details of Debit Notes received by Seller for goods returned by purchaser (DNRSGR)
  • Details of Credit Notes issued by Seller for additional quantities given as incentives (CNISAQ)
  • Details of Credit Notes received by Purchaser for additional quantities received as incentives (CNRPAQ).

Excise

On popular demand Form RG 23A and C Part I & II, PLA Register, Annexure 10, and Annexure II are reintroduced.

Non Taxation

  • Option to view ledger amounts as Cr/Dr or +/- for Columnar Voucher Register.
  • Fixed the MAV error in Sales Bills Pending report which occurred when same stock item was used across sales vouchers with tracking numbers, with billed quantity for the same specified as zero.

Highlights :

  • Powerful and simplified statutory functionality brings to you the best solution to manage your taxation in the simplest and most efficient manner. Release 5 gives you the experience of a hand-prepared return with intuitive intelligence designed to help you generate 100% accurate returns in a matter of minutes. With Release 5, you enjoy the complete flexibility to configure tax rates and classifications as applicable to your business as well as a simple and easy experience to record transactions. What’s more, it also enables you to save your finalized returns which will help you to either modify them or prepare revised returns as appropriate.
    Migrate to Tally.ERP 9 release 5.3.2 quickly with the all new Tax Rate Setup tool. Easily view and specify VAT rates and excise tariffs, and start recording transactions in no time at all.  Using the Tax Rate Setup tool ensures maximum productivity in business operations by making the entire process of setting VAT or excise tariff rates effective, and quick.
  • On-Demand Data Synchronization that gives you the ability to share information across your locations in a simple, reliable and secure manner, without the need to be simultaneously connected to each other. This completely eliminates the need for intensive and rigid schedules; delivering the benefit of sheer convenience in your hands. Release 5 takes advantage of the Tally Software Services for synchronisation of master information as well as transaction data across locations and ensures that creation, modifications and deletions are appropriately updated.
  • Comprehensive post-dated cheque management wherein you can flexibly track and record post-dated cheques which are automatically regularised on the due date. What’s more, you enjoy full visibility of PDCs issued and received along with their real-time accounts; enabling accurate and informed cash planning.
  • New Migration experience: Release 5 also offers you quick, easy and seamless migration of business data. The system will automatically populate all relevant information such as tax information, MRP etc. and migrate your data accordingly; enabling you to immediately begin your billing process after migration.
  • Lighter and Swifter Tally.ERP 9 ensuring a highly optimised system memory usage, hassle free and efficient product update experience delivering only those updates which are relevant to you.
  • One click zero-configuration installer that greatly simplifies the installation process and reduces the set-up time so that you are up & running in seconds.
  • Robust Licensing enables multiple users to use the same single user license to access data, one user at a time.
  • Over 2000 product enhancement & issue resolution requests are addressed to further improve the Product Stability and Completeness.

Product Improvement :

Accounting Vouchers

Despatch doc No. was being printed as G.R.No in sales invoice for all states, resolved: Despatch doc No. entered in the Party Details screen of a sales invoice was printed as G.R No. for states other than Punjab, Tamil Nadu, and Chandigarh.

The issue of the round off value against a round off ledger in an invoice was appearing blank, resolved: The round off value in an invoice created by selecting a voucher type was appearing blank when,

  • A voucher type was created with the options Enable Default Accounting Entries and
    Set/Alter Default Accounting Entries set to Yes, and
  • In the Default Accounting Entries screen, the round off ledger was selected with
    Type of Calculation as any option other than As User Defined Value and,
  • The invoice was created by selecting the voucher type, and the invoice amount with decimal was entered, the value against round off ledger was appearing blank.

Inventory Reports

  • An error message “Action execution failed” was being displayed on pre-closing large number of orders, resolved: Now, the error message is not displayed on pre-closing large number of orders.

Accounting Reports

The issue of mismatch in balance sheet totals if a transaction was passed after a post-dated transaction was paid, resolved: When a post-dated transaction was passed, and if the company was closed and reopened before making payment for the same and,

  • If a non-post-dated transaction was passed on the same day,

  • then, there was a mismatch in the balance sheet totals.

 And 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

Available new stat 261 from 1st June, 2016

Posted on by Tally Academy

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

Major Enhancement are :

Vat

Delhi :

    • As per the notification, to support the revised VAT rate of 16.75% on Diesel, the following VAT/Tax classifications are provided, effective from 6th May 2016:
      • CST @ 16.75%/Interstate Sales @ 16.75%
      • Input VAT @ 16.75%/Purchases @ 16.75%
      • Input VAT – Works Contract @ 16.75%/Purchases – Works Contract @ 16.75%
      • Interstate Purchases @ 16.75%
      • Output VAT @ 16.75%/Sales @ 16.75%
      • Output VAT – Works Contract @ 16.75%/Sales – Works Contract @ 16.75%
      • Purchases – Capital Goods @ 16.75%
    • As per the notification, to support revised VAT rate of 18% on Diesel (High Speed Diesel, Super Light Diesel Oil, Light Diesel Oil), the following VAT/Tax classifications are provided, effective from 18th January 2016:
      • CST @ 18%/Interstate Sales @ 18%
      • Input VAT @ 18%/Purchases @ 18%
      • Input VAT – Works Contract @ 18%/Purchases – Works Contract @ 18%
      • Interstate Purchases @ 18%
      • Output VAT @ 18%/Sales @ 18%
      • Output VAT – Works Contract @ 18%/Sales – Works Contract @ 18%
      • Purchases – Capital Goods @ 18%
    • As per the notification, to support revised VAT rate of 27% on Petrol (Motor Spirit), the following VAT/Tax classifications are provided, effective from 18th January 2016:
      • CST @ 27%/Interstate Sales @ 27%
      • Input VAT @ 27%/Purchases @ 27%
      • Output VAT @ 27%/Sales @ 27%
      • Interstate Purchases @ 27%

Note: Currently, the values of transactions recorded using the above classifications will be captured in the VAT Computation report. The relevant VAT forms will be enhanced in future releases to capture values from transactions recorded using these classifications.

Jammu and Kashmir

  • As per the notification, to support the revised VAT rate from 13.5% to 14.5% on Schedule D items, the following VAT/Tax classifications are provided, effective from 31st May 2016:
    • CST @ 14.5%/Interstate Sales @ 14.5%
    • Input VAT @ 14.5%/Purchases @ 14.5%
    • Interstate Purchases @ 14.5%
    • Output VAT @ 14.5%/Sales @ 14.5%
    • Output VAT (Retail) @ 14.5%/Sales (Retail) @ 14.5%
    • Purchase From URDs – Taxable Goods @ 14.5%
    • Purchases – Capital Goods @ 14.5%
    • Purchase Tax @ 14.5%

Note: Currently, the values of transactions recorded using the above classifications will be captured in the VAT Computation report. The relevant VAT forms will be enhanced in future releases to capture values from transactions recorded using these classifications.

Uttarakhand

  • As per the notification, to support the revised VAT rate of 10%, the following VAT/Tax classifications are provided, effective from 8th May 2015:
    • Input VAT @ 10%/Purchases @ 10%
    • Output VAT @ 10%/Sales @ 10%
    • Output VAT @ 10% (of Purc Outside State)/Sales @ 10% (of Purc Outside State)
    • Output VAT @ 10% (of Purc Outside State) – SCG/Sales @ 10% (of Purc Outside State) – SCG
    • Output VAT @ 10% – Spl. Category Goods/Sales @ 10% – Spl. Category Goods
    • Purchase From URDs – SCG @ 10%
    • Purchase From URDs – Taxable Goods @ 10%
    • Purchase Tax @ 10%

Note: Currently, the values of transactions recorded using the above classifications will be captured in the VAT Computation report. The relevant VAT forms will be enhanced in future releases to capture values from transactions recorded using these classifications.

And more….

Available new stat 254 from 3rd February, 2016

Posted on by Tally Academy

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

Major Enhancement are :

Vat

Rajasthan :

    • In adherence to the notification, to support the VAT rate revision from 5% to 5.5%, the following VAT/Tax classifications are provided, effective from 2nd Feb 2016:
      • CST @ 5.5/Interstate Sales @ 5.5%
      • Output VAT @ 5.5%/Sales @ 5.5%
      • Purchase Tax @ 5.5%
      • Output VAT –Works Contract @ 5.5%/Sales – Works Contract @ 5.5%
      • Input VAT @ 5.5%/Purchases @ 5.5%
      • Purchase From URDs –Taxable Goods @ 5.5%
      • Input VAT @ 5.5 (Lease)/Purchases @ 5.5 % (Lease)
      • Purchases – Capital Goods @ 5.5%
      • Interstate Purchases @ 5.5%

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.

And more….

Available new stat 243 from 28th May, 2015

Posted on by Tally Academy

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

Major Enhancement are :

Service Tax :

  • Uniform abatement rate of 70% is supported for transport of goods by rail, road, and vessel with effect from 1 April, 2015
  • Increase in service tax rate from 12.36% (inclusive of cesses) to 14% (subsuming the cesses) with effect from 1 June, 2015, is supported.

And more….

Available new stat 242 from 14th May, 2015

Posted on by Tally Academy

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

Major Enhancement are :

Payroll :

  • In adherence to Budget 2015, the following changes have been supported, effective from 1 April 2015:
    • Revised slab rate of 12% to incorporate the increase in surcharge by 2% on super-rich individuals, whose taxable income exceeds ` 1 Crore.
    • Increase in monthly exemption limit on Transport Allowance from
      • Rs. 800 to Rs. 1,600 for Others.
      • Rs. 1,600 to Rs. 3,200 for Physically Challenged.
    • Increase in yearly exemption limit on Mediclaim Insurance and Mediclaim Insurance (Dependent) under Section 80D from
      • Rs. 15,000 to 25,000 for Others.
      • Rs. 20,000 to 30,000 for Senior Citizens.
    • Increase in yearly exemption limit on Expenditure for Medical Treatment for Handicapped Dependent under Section 80DD from
      • Rs. 50,000 to Rs. 75,000 for Others
      • Rs. 1,00,000 to Rs. 1,25,000 for Severe Disability
    • Increase in yearly exemption limit for Person with Disability under Section 80U from
      • Rs. 50,000 to Rs. 75,000 for Others
      • Rs. 1,00,000 to Rs. 1,25,000 for Severe Disability.

Vat

Jammu & Kashmir :

  • In adherence to the state budget, the following VAT/Tax classifications have been provided, effective from 1 April, 2015:
    • Purchases – Zero Rated
    • Sales – Zero Rated (Inter State)

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

 

Maharashtra:

  • In adherence to the notification, to support the VAT rate of 26% on any other kind of Motor Spirit, the following VAT/Tax classifications have been provided, effective from 1 June, 2012:
    • Input VAT @ 26%/Purchase @ 26%
    • Output VAT @ 26%/Sales @ 26%

Note: Currently, the values of transactions recorded using the aforesaid classifications for 26% VAT rate will be captured in the VAT Computation report. In the forthcoming product releases, the functionality will be enhanced to capture the values of entries recorded, in the relevant VAT Forms.

Tamil Nadu :

  • In adherence to the state budget, the following VAT/Tax classifications have been provided, effective from 1 April, 2015:
    • Inter-State Purchases – Exempted
    • Works Contract – Exempt

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

 

And more….

Available new stat 241 from 24th April, 2015

Posted on by Tally Academy

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

Major Enhancement are :

Vat

Chandigarh :

    • In adherence to the notification, to support the new VAT rate of 14.3%on batteries and 9.35% on 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 VAT rates 14.3%, 9.35%, and the transactions against Form – H 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.

Jharkhand :

  • In adherence to the notification, to support the new VAT rate of 2.5% applicable on iron and steel 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 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….

Available new stat 238 from 11th February, 2015

Posted on by Tally Academy

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

Major Enhancement are :

Vat

Dadra and Nagar Haveli :

  • 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

Meghalaya :

  • 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 :  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

Odisha :

  • 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.

Telengana :

  • 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 Pradesh :

  • In adherence to the notification, to support the revised VAT rates of 26.80% for petrol  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
  •  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
  •  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
  •  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.

Uttarakhand :

  • 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:
    •  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 –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 –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….