Union Budget 2012 : Changes in Tally ERP 9 (14)

Due to leap year, all over the India whoever using Tally all are facing same error/problem.

Tally licnse goes in education mode, Tally Start screen comes when we start Tally and ask for activation or reactivation.

Solution : Change your system date to 01/03/2012 and then re-activate your Tally license once.
It will work properly in licese mode.

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

Major Enhancement are :

Payroll :

• The functionality of e-return for TDS on Salary is enhanced as per the requirements of validation tool version 3.3.
• The facility is provided to export SIF records in Excel Spreadsheet format.
• In EDR Records of SIF Records the deductions from pay heads are considered for calculation of fixed earnings

Service Tax :

• A new Service Category – Technical Testing and Analysis Services is provided.

Tax Deducted at Source :

• The latest utility file – e-TDS/TCS FVU.exe (Version 3.3) is supported for validation of e-TDS generated for the last quarter.

Value Added Tax

Andhra Pradesh :

• The value of entries recorded using the VAT/Tax classifications provided for works contract taxable at 4%, 5%, 12.5% and 14.5% VAT rates are captured in VAT Return Form and Annexures.

Assam :

• The e-VAT feature is introduced to export data of VAT Form 13 using Excel Spreadsheet format to excel template file as prescribed by the Commissionerate of Taxes.
• The Quarter End Return is provided for physical and e-VAT Form 13.

Maharashtra :

• Effective from April 1, 2011 the VAT/Tax classification – Output VAT – Lease @ 1.5% (on Going) / Sales – Lease @ 1.5% (on Going) are provided for lease contracts. The value of entries recorded using these VAT/Tax classifications will be captured in VAT Form 233 and e-Audit Form 704.
• In the data exported to e-Audit Form 704, the state names are captured in accordance with the list provided in template file.

International Taxation

Kenya :

• The values of entries recorded for 12% and 16% VAT rates in Debit Note by selecting Purchase Returns or Rejected in Used for field are captured in physical and e-VAT Purchase Annexures.

Release details of Stat900 version 163 (PDF file)

Download Stat 163

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

Major Enhancement are :

Payroll :

• The facility to generate PF Form 3A annual e-return in text format is provided for filing the annual return.

Value Added Tax

Himachal Pradesh :

• The functionality of E-VAT Form XV is enhanced as per the requirements of latest e-VAT template.
• The E-CST feature is introduced to export data of Form I using Excel Spreadsheet format to the excel template file – CST_Form_1.xls provided by the Excise and Taxation Department.

West Bengal :

• The e-VAT functionality of Annexure D is enhanced as per version 3.0.4.

International Taxation :

Kenya :

• The e-VAT feature is introduced with the facility to export data in .csv format to the online KRA tool for e-filing.

Release details of Stat900 version 162 (PDF file)

Download Stat 162

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

Major Enhancement are :

Value Added Tax

Andhra Pradesh :

• The works contract functionality is introduced to record works contract transactions, the following VAT/Tax classifications are provided effective from:
• April 1, 2011

1. Input VAT – Works Contract @ 4% / Purchases – Works Contract @ 4%
2. Input VAT – Works Contract @ 12.5% / Purchases – Works Contract @ 12.5%
3. Input VAT – Works Contract @ 14.5% / Purchases – Works Contract @ 14.5%
4. Output VAT – Works Contract @ 4% / Sales – Works Contract @ 4%
5. Output VAT – Works Contract @ 12.5% / Sales – Works Contract @ 12.5%
6. Output VAT – Works Contract @ 14.5% / Sales – Works Contract @ 14.5%

• September 14, 2011

1. Input VAT – Works Contract @ 5% / Purchases – Works Contract @ 5%
2. Output VAT – Works Contract @ 5% / Sales – Works Contract @ 5%

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 4%, 5%, 12.5% and 14.5% VAT rates in VAT Forms.

Maharashtra :

• The values of entries recorded using VAT/Tax class provided for 3% VAT/CST rate are captured in respective fields of physical and e-VAT – Form VAT 231, 233 and CST Form III(E).

Odisha :

• The revised physical and e-VAT Forms and Annexures, physical and e-CST Form- I and Composite Form VAT – 002 are provided with enhanced functionality to support transactions recorded using VAT/Tax classifications activated for 10% and 25% VAT rates.

Punjab :

• The functionality is enhanced to capture the value of entries recorded using the VAT/Tax classifications in physical and e-VAT Forms and Annexures:
  1. Job work taxable at 1%, 4%, 5%, 12.5% and 20% VAT rates
  2. Works contract taxable at 1%, 2%, 4%, 5%, 12.5% and 20% VAT rates
• The revised VAT Payment challan – Form VAT 2 is provided.
• The functionality of e-VAT Form 15 is enhanced as per the requirements of latest e-VAT template.

Rajasthan :

• The revised Composite return – Form VAT 11 is provided

Release details of Stat900 version 161 (PDF file)

Download Stat 161

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

Major Enhancement are :

Value Added Tax

Mizoram :

• Adhering to Notification, the following VAT/Tax classifications are provided effective from January 1, 2012 for 5% and 13.5% VAT rates :

1. Input VAT @ 5% / Purchases @ 5%
2. Input VAT @ 13.5% / Purchases @ 13.5%
3. Input VAT @ 13.5% – (JobWork) / Purchases @ 13.5% (JobWork)
4. Purchases – Capital Goods @ 5%
5. Purchases – Capital Goods @ 13.5%
6. Output VAT @ 5% / Sales @ 5%
7. Output VAT @ 13.5% / Sales @ 13.5%
8. Output VAT – Works Contract @ 13.5% / Sales – Works Contract @ 13.5%

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 5% and 13.5% VAT rates in VAT Form.

Puducherry :

• Adhering to Notification, the following VAT/Tax classifications are provided effective from January 1, 2012 for 3%, 5%, 10% and 14.5% VAT rates:

1. Input VAT @ 3% (Industrial Input) / Purchases @ 3% (Industrial Input)
2. Input VAT @ 3% / Purchases @ 3%
3. Input VAT @ 5% / Purchases @ 5%
4. Input VAT @ 10% / Purchases @ 10%
5. Input VAT @ 14.5% / Purchases @ 14.5%
6. Purchases – Capital Goods @ 5%
7. Purchases – Capital Goods @ 14.5%
8. Input Tax Credit on Purchase From URDs @ 5%
9. Input Tax Credit on Purchase From URDs @ 14.5%
10. Output VAT @ 3% (Industrial Input) / Sales @ 3% (Industrial Input)
11. Output VAT @ 3% / Sales @ 3%
12. Output VAT @ 5% / Sales @ 5%
13. Output VAT @ 10% / Sales @ 10%
14. Output VAT @ 14.5% / Sales @ 14.5%
15. Purchase Tax @ 5%
16. Purchase Tax @ 14.5%

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 3%, 5%, 10% and 14.5% VAT rates in VAT Forms.

Release details of Stat900 version 160 (PDF file)

Download Stat 160

The new Tally.ERP 9 Release 3.3 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. Highlights include a very light product footprint, immediate access to new features and enhancements, easy data migration and more.

New Features :

• MCA Reports in XBRL Format :
  eXtensible Business Reporting Language (XBRL), is a common reporting language used globally for reporting the Financial Statements in a common format. It is an electronic communication language used to exchange business reporting data for various purposes like analysis of information, financial decision making and comparisons using the computer platforms. The need for a common reporting language for financial statements which can be used all over the world has emerged due to globalisation of business operations and XBRL erases the boundaries for reporting purposes.
  On June 7, 2011 the Ministry of Corporate Affairs (MCA) of India, mandated the filing of annual financial statements in XBRL format for all the financial statements prepared for the financial year ending on or after March 31, 2011. The MCA Reports feature is introduced in Tally.ERP 9 to generate report for standalone or consolidated companies.

Major Enhancement :

TDS : In F12: Configuration (journal, purchase and credit note voucher) the option – Allow Alteration of TDS Assessable Amount is provided to adjust partial advance amount towards TDS liability while booking expenses in journal, credit note and purchase voucher.

Excise for Dealers :

1. In the Invoice Print Configuration of excise sales invoice, the voucher date is captured in Date field.
2. On selecting duty payable ledger in excise credit note, the excise duty gets calculated on the excise purchase value.

Accounting Reports  : In the F12: Configuration of Ledger Vouchers and Voucher Register, the options specific to these reports are provided.

Job Work : In Material Out voucher print-out, the Invoice No. is renamed as Challan No.

Data Splitting : In Split Verifier the payroll voucher inadvertently recorded in payslip mode gets corrected without affecting the accounts.

And more……

The highlights of this release are listed below.

• MCA’s Statutory Report (in XBRL format) now available in Tally.ERP 9
• The user experience for Market place has been enhanced
• In Dealer Excise Enhancements
• Manufacturers Excise Enhancements
• New Eligibility criteria for ESI is supported for Payroll computation
• Service Tax Enhancements
• Auditors’ Edition Enhancements

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

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

Major Enhancement are :

Value Added Tax

Orisa :

• As per the Notification, the following new VAT/Tax Classifications are provided for Tobacco effective from December 8, 2011.

1. Purchases @ 25% / Input VAT @ 25%
2. Interstate Purchases @ 25%
3. Sales @ 25% / Output VAT @ 25%
4. Purchases @ 10% / Input VAT @ 10%
5. Interstate Purchases @ 10%
6. Sales @ 10% / Output VAT @ 10%
7. CST @ 25% / Interstate Sales @ 25%
8. CST @ 10% / Interstate Sales @ 10%

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% & 10% VAT Rate in VAT Form and Annexures.

Uttarakhand :

• The Annexure – 4 and Annexure – 5 are provided.
• The values of entries recorded using the VAT/Tax classifications provided for 5% additional tax are captured in the respective fields of VAT Return Form III and Annexure.

Tamil Nadu :

• The functionality of Form I is enhanced to capture the value of Journal entries recorded using TDS Adjustment Flag.

Excise for Manufacturers

• In RG23A Part I the option – For the month of is provided to print the report for a particular month.

Service Tax

• Form ST-3 E-filing report is now made available as per the Excel utility file provided by the department.
• The budgetary changes in Point of Taxation rule with respect of Service Tax Purchases (recorded after April 1,2011) and Sales (recorded after July 1, 2011) are supported in Form ST 3.

Release details of Stat900 version 158 (PDF file)

Download Stat 158

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

Major Enhancement are :

Value Added Tax

Delhi :

• The E-VAT feature is introduced to export data of Annexure 2A and Annexure 2B in Excel Spreadsheet format to the template files such that the same can be imported to the Trade and Tax Department tool for validation. The validated data needs to be exported from the
  tool in the format prescribed by the Department for e-filing.

Himachal Pradesh :

• The E-VAT feature is introduced to facilitate the export data of Form VAT – XV, Form LP-1 and Form LS-1 using Excel Spreadsheet format to the excel template files as prescribed by the Commercial Tax Department.

Excise for Dealers

• The facility is provided to export data as per the XML schema provided by the Department on October 1, 2011 for filing e-returns.

Tax Deducted at Source

• The change in Surcharge rate from 2.5% to 2% for Company Non-Resident is incorporated and the revised rate of 2% is provided.
• Effective from July 1, 2010, the threshold limit for Payment to Sub Contractors for Individual/HUF – Resident for the assessment year 2011-2012 has changed from Rs 50,000  to Rs 75,000. The change in threshold limit for this Deductee Type has been incorporated in
  Tally.ERP 9

Release details of Stat900 version 157 (PDF file)

Download Stat 157