Available new stat 241 from 24th April, 2015

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

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….

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

The new Tally.ERP 9 Release 4.92 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

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 in both scenarios.

Scenario 1

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

 

Scenario 2

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

 

Procedure to rectify the data using Release 4.92:

  1. Open your data in Release 4.92.
  2. From Gateway of Tally, press Ctrl + Alt + R.
  3. Select the company that has to be rewritten.
  4. The dialog box Rewrite? appears. Click Yes.
  5. The dialog box Backup before rewriting? appears. Click Yes to create a backup of the company that you are rewriting.
  6. After rewriting, open the Tally.REW file. This file will be available in the Tally.ERP 9 folder and will 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 which they have been categorised will be captured)
    • Voucher date
    • Voucher amount
    • Narration
  7. 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. Select 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 was being listed in Bank allocations screen. Now ledgers with nil value in the entry will not be listed in Bank Allocations screen.

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

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

Available new stat 237 from 12th January, 2015

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

Major Enhancement are :

Vat

Himachal Pradesh :

  • 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 Pradesh :

  • 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:
    •  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.

Odisha :

    • CST @ 23%/ Interstate Sales @23%
    • Output VAT @23%/ Sales @ 23%
    • Sales – Schedule C items @ 23%
    • Interstate Purchases @ 23%
    • Input VAT @23%/ Purchase @ 23%
    • Purchases – 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.

     

Puducherry :

  • 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.

Rajasthan :

  • 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.
  •  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 – 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 – 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%
    •  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
    •  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:
    •  Input VAT @ 15%/ Purchase @ 15%
    •  Purchase From URDs –Taxable Goods @15%
    •  Purchase From URDs – 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
    •  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 –Taxable Goods @ 9%
    • Purchase Tax @ 9%
    • CST@9%/ Interstate Sales @ 9%
      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 9% VAT rate in relevant forms

And more….

Available new stat 236 from 2nd December, 2014

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

Major Enhancement are :

Vat

Chandigarh :

  • Adhering to the notification, the following new VAT/Tax classifications for 8% and 9.68% VAT rates are introduced, with effect from November12, 2014
    • Purchases @ 8%/ Input VAT @ 8%
    • Purchases @ 8%(Job work)/ Input VAT @ 8% (Job Work)
    • Sales @ 8%/ Output VAT @ 8%
    • Sales – Works Contract @ 8%/ Output VAT – 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 – Works Contract @ 9.68%/ Output VAT – Works Contract @ 9.68%
    • Interstate Sales @ 9.68%/ CST@ 9.68%

    Currently, 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 values of entries recorded using VAT/Tax classifications provided for 8% and 9.68% VAT rates in relevant VAT Forms.

Haryana :

  • Adhering to the notification, the following new VAT/Tax classifications for 11.5% VAT rate are 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 the VAT Computation report.
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 11.5% VAT rate in relevant VAT Forms.

Kerala :

  • The following VAT/Tax classifications have been provided to support the VAT rate change, with 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 the VAT Computation report.
    Note: In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the value of entries recorded using the aforementioned classifications in relevant VAT forms.

Madhya Pradesh :

  • The VAT/Tax class Sales- Composition Tax @ 5% has been provided. The value of entries 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 value of entries recorded using this VAT/Tax classification in relevant VAT forms.

Maharashtra :

  • Adhering to the notification, the following new VAT/Tax classifications have been provided to 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 values of entries recorded using VAT/Tax classifications provided for 5% VAT rate in VAT Forms.

Mizoram :

  • In adherence to the notification, increase in VAT rate for Cigarettes, Cigar, Cigarillos, and Vaihlo 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 – Works Contract @ 20%/ Output VAT – Works Contract @ 20%
    • Interstate Sales @ 20%

    Currently, the values of transactions recorded using the aforesaid classifications will be captured only in the VAT Computation report.
    Note: In the forthcoming Stat.900 releases, this functionality will be enhanced to capture the value of entries recorded using VAT/Tax classifications provided for 20% VAT rate in VAT Forms

 

Punjab :

  • To support the increase in VAT rate from 8.25% to 11.25% on diesel other than premium diesel 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 Nadu :

  • To support the increase in VAT rate from 20% to 30% the following VAT/Tax classifications have 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….

Available new stat 235 from 21st October, 2014

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 26th 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 Pradesh :

  • 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 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 27% VAT rate in relevant VAT Forms.

Kerala :

  • 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.

Odisha :

  • 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.

Punjab :

  • 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 value of entries recorded using VAT/Tax classifications provided for 9.75% VAT rate in relevant VAT Forms.

Tripura :

  • 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….

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….

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

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….

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