Available new stat 180 from 8th September, 2012

For levy of additional tax at revised rate of 1.5% on commodities taxable at 12.5% the following VAT/Tax classifications are provided effective from September 8, 2012:

• Input VAT @ 12.5% (Addl.Tax @ 1.5% Applicable) / Purchases @ 12.5% (Addl.Tax @ 1.5% Applicable)
• Purchases – Capital Goods @ 12.5% (Addl.Tax @ 1.5% Applicable)
• Purchase Tax @ 12.5% (Addl.Tax @ 1.5% Applicable)
• Output VAT @ 12.5% (Addl.Tax @ 1.5% Applicable) / Sales @ 12.5% (Addl.Tax @ 1.5%  Applicable)
• Output VAT (Retail) @ 12.5% (Addl.Tax @ 1.5% Applicable) / Sales Retail @ 12.5%
• (Addl.Tax @ 1.5% Applicable)
• CST @ 12.5% (Addl.Tax @ 1.5% Applicable) / Interstate Sales @ 12.5% (Addl.Tax @ 1.5% Applicable)
• Additional Purchase Tax @ 1.5%
• Additional Tax @ 1.5% on CST
• Additional Tax on Purchase of Capital Goods @ 1.5%
• Input Additional Tax @ 1.5%
• Input Tax Credit on Purchase From URDs @ 12.5% (Addl.Tax @ 1.5% Applicable)
• Output Additional Tax @ 1.5%
• Purchases – Composition Tax @ 12.5% (Addl.Tax @ 1.5% Applicable)
• Composition Additional Tax @ 1.5%

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 12.5% VAT rate attracting 1.5% additional tax in VAT, Composite VAT and CST Forms.

Release details of Stat900 version 180 (PDF file)