New Stat.900 Version is available free for existing Tally User
Major Enhancement are :
Vat
Bihar :
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As per the notification, effective from 12th Aug 2016, the following VAT classifications are provided to support the revised VAT rate from 5% to 6% :
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CST @ 6%/Interstate Sales @ 6%
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Input Tax Credit on Purchase From URDs @ 6%
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Input VAT @ 6%/Purchases @ 6%
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Interstate Purchases @ 6%
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Output VAT @ 6%/Sales @ 6%
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Output VAT @ 6% to URDs/Sales @ 6% to URDs
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Purchase From URDs – Taxable Goods @ 6%
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Purchases – Capital Goods @ 6%
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Purchase Tax @ 6%
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- As per the notification, effective from 12th Aug 2016, the following VAT classifications are provided to support the revised VAT rate from 14.5% to 15%:
- CST @ 15%/Interstate Sales @ 15%
- Input Tax Credit on Purchase From URDs @ 15%
- Input VAT @ 15%/Purchases @ 15%
- Output VAT @ 15%/Sales @ 15%
- Interstate Purchases @ 15%
- Output VAT @ 15% to URDs/Sales @ 15% to URDs
- Purchase From URDs – Taxable Goods @ 15%
- Purchases – Capital Goods @ 15%
- Purchase Tax @ 15%
Note: Currently, the values of transactions recorded using the above classifications are captured in the VAT Computation report. The relevant VAT forms will be enhanced in future releases to capture values from transactions recorded using these classifications.
And more….