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.