Join Tally Academy


Available new stat 234 from 18th August, 2014

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 the 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 to support new VAT rate of 2.5% on all types of used motor vehicles
    • Purchase Tax @ 2%
    • Sales @ 2% / Output VAT @ 2%
    • Sales – Works Contract @ 2% / Output VAT – Works Contract @ 2%
    • Purchase From URDs – Taxable Goods @ 2%
    • Purchases @ 2% / Input VAT @ 2%
    • Purchases @ 2% (Lease) / Input VAT @ 2% (Lease)
    • Purchases – Capital Goods @ 2%
    • Interstate Purchases @ 3%
    • Purchases from URD – Taxable Goods @ 3%
    • Purchases @ 3%
    • Purchases @ 3% (Lease)
    • Purchases – Capital Goods @ 3%
    • Input VAT @ 3%
    • Input VAT @ 3% (Lease)
    • Interstate Purchases @ 2.5%
    • Purchases from URD – Taxable goods @ 2.5%
    • Purchases @ 2.5%
    • Purchases @ 2.5% (Lease)
    • Purchases – Capital Goods @ 2.5%
    • Input VAT @ 2.5%
    • Input VAT @ 2.5% (Lease)

And more….

Leave a Comment

Tally.ERP 9 Series A Release 4.91, 18th August, 2014

The new Tally.ERP 9 Release 4.91 is available now!

FREE for all users of Tally.ERP 9.*

Tally.ERP 9 is the latest ERP 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.

New Features :

Excise for Importers

  • As per the Notification dated 28th February 2014, all businesses registered as dealers of both imports and indigenous excisable goods, have to:
    • Obtain a fresh registration as importer
    • Transfer the closing stock of dealer unit to importer unit as opening stock to be sold under fresh registration as importer
    • File separate returns as importer

To support the requirements of the Notification, Excise for Importer feature is introduced to provide:

    • Registration details of importer
    • Create godowns with excise registration type as Importer
    • Transfer stock to importer unit, either manually or using the Helper option

In addition, the following reports can be generated and the schema required to generate XML is also supported:

    • Excise Stock Journal
    • Excise Purchase Bill register
    • Excise Stock CENVAT register for one item and all items
    • Customs Clearance register
    • Extract reports
    • Form RG 23D

And more…..

Functional Enhancement

Accounting Reports

  • In Voucher Register, the options Voucher Number (Numerical Decreasing) and Voucher Number (Numerical Increasing) have added to the Sorting Methods in F12: Configure. These options facilitate sorting based on increasing or decreasing order of only numeric voucher numbers for transactions recorded in voucher types enabled for manual voucher numbering.

Excise for Dealers

  • The field RG 23D Number of excise purchase invoice is supported with Auto Assistance to increment the number by 1 when the numbering maintained is of pure numeric sequence.

The Highlights in Tally.ERP 9 Series A Release 4.91 :

Indian Taxation :

Excise for Dealers/Importers

  • Excise for Importer feature is introduced in adherence to Notification dated 28th February 2014, with the facility to provide registration details, transfer stock to importer unit, generate reports and e-returns 
  • Excise enabled purchase vouchers are enhanced to capture RG 23D Number in sequence and automatically during entry when the numbering maintained is of pure numeric sequence

Accounting Reports

  • Sorting of transactions based on only numerical or alphabetical order of voucher numbers is supported in Voucher Register

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

Karnataka

e-UPaSS (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:

  1. Validate with built-in rules and automatically update all books of account to make them error free
  2. 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 here for release notes

Click here for download

Leave a Comment

Available new stat 233 from 19th June, 2014

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

Major Enhancement are :

Vat

 

Karnataka :

  • 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….

Leave a Comment

Tally.ERP 9 Series A Release 4.9, 19th June, 2014

The new Tally.ERP 9 Release 4.9 is available now!

FREE for all users of Tally.ERP 9.*

Tally.ERP 9 is the latest ERP 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 :

Data/Migration

  • Migration of data from a lower release to release 4.8 failed to occur when the options Change the password on first login and Allow user to change the password were enabled and a banking transaction was recorded in the lower release.
    This issue has been resolved.
  • On selecting group companies, the following error messages were getting displayed in the calculator panel:
    • FUNCTION: ‘SetsDefaultTransactionTypes’ LABEL: 0025: Invalid Target Object (No Target/Not in EditMode)
    • FUNCTION: ‘SetsDefaultTransactionTypes’ LABEL: 0025: Action execution failed!
    • FUNCTION: ‘SetsDefaultTransactionTypes’ LABEL: Action execution failed!

This issue has been resolved.

Performance :

  • The time taken was more while printing the Daily Stock Register.
    This issue has been resolved and performance has been optimised.

Rewrite/Backup/Restore/Split :

  • Memory Access Violation error was occurring while splitting company data in which a default ledger (Cash/ Profit & Loss A/c) was altered.
    This issue has been resolved.

And more…..

Functional Issues

Cheque Printing

  • The F12: Range option in cheque printing for Instrument date wise filtering was not working.
    This issue has been resolved.

Excise for Manufacturers

  • When recording an Excise Sales transaction with the same item selected twice and with Domestic (SSI) as the Nature of Removal, then in the Daily Stock Register the assessable value of only the first item was being captured.
    This issue has been resolved.

International Taxation- Ghana

  • An error message CST Logging Ended was being displayed in the calculator panel, when recording a purchase transaction in item invoice mode.
    This issue has been resolved.

VAT

  • When recording a sales/purchase transaction in a company enabled for Composite VAT, the error message VAT/Tax Classification Not Selected was being displayed while trying to save the transaction.
    This issue has been resolved.

And more……

 

The Highlights in Tally.ERP 9 Series A Release 4.9 :

Indian Taxation :

Karnataka

e-UPaSS (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:

  1. Validate with built-in rules and automatically update all books of account to make them error free
  2. 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 here for release notes

Click here for download

Leave a Comment

Available new stat 230 from 14th May, 2014

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

Major Enhancement are :

 

Goa:

  • New VAT rate of 25% on tobacco and tobacco products is provided, w.e.f. 8th May, 2014.

Uttar Pradesh :

  • Form – XXIV, Form – XXVI, CST Forms and E-VAT templates are enhanced as per the latest statutory requirement

Puducherry :

  • Annexure-IV and Annexure-V are enhanced as per the revised e-VAT templates

And more….

Leave a Comment

Corporate Identification Number (CIN) in Tally.ERP 9

According to Section 12(3)(c) of Company Act 2013, it is mandatory for companies registered under MCA to mention their corporate identification number (CIN) in all their official communication.

 CIN Section 12(3)(c) of Company Act 2013, provides that every company shall get its

  •   Name
  •   Address of its registered office
  •   Corporate Identity Number
  •   Telephone number, fax number, if any, e-mail
  •   Website addresses (if any)

Printed in all its business letters, billheads, letter papers and in all its notices and other official publications.Non-conformance shall attract a penalty of one thousand Rupees a day not exceeding 1 Lakh.Tally has supported printing of CIN in all invoices and vouchers and more than 300 reports. You can print, mail and export all these details with your CIN no.Provision for CIN has been included from Tally.ERP 9 Stat Release 228 onwards. Please click on the link below to download the latest version of Tally.ERP 9.

Click here to see how this feature is used in Tally.ERP 9

Leave a Comment

Available new stat 229 from 7th May, 2014

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

Major Enhancement are :

 

Haryana :

  • New VAT rate of 8% on cell phones and accessories is supported, w.e.f. 8th May, 2014.

Punjab :

  • VAT rate of 3.64% on canteen and stores department is supported, w.e.f. 3rd April, 2014

Maharashtra :

  • New VAT rates of 21% and 24% on high speed diesel oil are supported.

Rajasthan :

  • Form 7A and Form 8A are enhanced as per the revised e-VAT templates.

And more….

Comments (1)

Available new stat 225 from 10th April, 2014

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

Major Enhancement are :

 

Excise for Manufacturers :

  • As per Statutory requirements, the provision to file ER3 online as a quarterly return for SSI units is provided.

VAT :

Tamil Nadu :

  • As per Notification, Annexure V for Inventory is provided

 

And more….

Leave a Comment

Available new stat 224 from 3rd April, 2014

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

Major Enhancement are :

 

VAT :

Kerala :

  • As per the Notification, the following VAT/Tax classes are provided to account for the VAT @ 22% on Cigarettes (for the purpose of manufacturing taxable goods) w.e.f. 01 April, 2014:
    • Output VAT @ 22% / Sales @ 22%
    • Input VAT @ 22% / Purchases @ 22%

The value of entries recorded using this classification 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% VAT rate in return Forms.

Punjab :

  • As per the Notification, the following VAT/Tax classes are provided to account for the VAT @ 3% on Milk (for the purpose of manufacturing taxable goods) w.e.f. 01 March, 2014:
    • Output VAT @ 3% / Sales @ 3%
    • Input VAT @ 3% / Purchases @ 3%
    • Interstate Purchases @ 3%
    • CST @ 3% / Interstate Sales @ 3%

The value of entries recorded using this classification 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% VAT rate in return Forms

Leave a Comment

Available new stat 222 from 15th March, 2014

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

Major Enhancement are :

 

Excise for Manufacturers :

  • The quantity cleared, assessable value, and the duty value of sales transactions recorded by selecting any of the following Natures of Removal, will be captured in the e-Return XML file and the printout:
    • Export
    • Export/LUT
    • Export – Duty Chargeable
    • SEZ/Bond
    • SEZ/LUT
    • SEZ/Rebate

Local Body Tax (LBT) :

  • LBT Computation Report is enhanced to enable detailed view of the category Non Taxable Purchases (Schedule B).
  • An option Filter based on is provided in F12:Configuration in the Purchase Register
  • F12: Configuration option is provided in the Stock Configuration screen under LBT Computation report.

VAT :

Jammu & Kashmir :

  • As per the templates prescribed by the department, e-Filing of VAT Form 11 is supported.

Orissa :

  • As per the latest statutory amendments CST Return Form-I is enhanced and three Annexures G, H and I are provided.
  • eCST Annexures G,H, I and eCST Changes as per Ver 1.0.1 are supported.

Tamil Nadu

  • Annexure V for Monthly VAT Return Form is supported.

VAT/CST Common

CST Forms Receivables and Issuable reports are updated to provide the following enhancements:

  • Option £: Set/Alter Form No. to alter form number and series number entered during voucher entry
  • The following options have been provided in F12: Configure to hide/show columns as per convenience
    • Show Voucher Number
    • Show Voucher Ref.
    • Show Voucher Type
    • Show Party’s CST No.
    • Show Party’s TIN No.
    • Show Order Details
    • Show Details of Form
    • Show Vouchers of
  • Company’s Taxation Registration Details will be captured in the reports
  • The option All Relevant Parties is provided in the M:Mail screen to enable e-mailing to multiple parties in C Form Reminder Letter
  • In the Printing screen, the option Print Quarter wise Sub-totals is provided to capture the quarter wise sub totals
  • When credit/debit note is raised with respect to any price difference then the value will be captured in Forms Receivable and Issuable
  • Option to print Company Logo in Forms Issuable
  • F4 button provided to change the party in the ledger wise reports and group in group wise reports
  • The option Sort By is provided in F12: Configure to sort the forms based on the receipt date of the forms
  • The option Show Details of Form is provided in F12: Configure to view either only the forms issued or forms received through F12: Configuration
  • Party’s CST Number will be printed in the forms based on F12: Configuration

And more….

Release details of Stat.900 version 222 (PDF file)

Download Stat 222

Leave a Comment