Monthly Archives: March 2012

Union Budget 2012 : Changes in Tally ERP 9

Union Budget 2012 : Changes in Tally ERP 9 (787)

Union Budget 2012 : Changes in Tally ERP 9 (787)

Source : www.tallyacademy.in

Available new stat 164 from 20th March, 2012

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

Major Enhancement are :

Payroll :

  • PF Form 12A is provided in TXT Format for E-Filing.

Service Tax :

  • The service category – Manpower Recruitment Agency has been renamed as Manpower Recruitment or Supply Agency’s Services.

 Value Added Tax

Chhattisgarh :

  • The e-requisition facility is provided to export the details of interstate purchases against any one or all declaration forms using Excel Spreadsheet format to the template – ONLINE_CST_COM.xls prescribed by the Commercial Taxes Department.
  • The following VAT/Tax Classifications have been introduced effective from April 01, 2011.
    • Inter State Sales Against Form – E1
    • Inter State Sales Against Form – E2
    • Inter State Purchases Against Form – E1
    • Inter State Purchases Against Form – E2

The value of entries recorded using the above classifications will be captured in VAT Computation Report, Form VAT 17 and 18.

 Gujarat :

  • The revised format of Form 402 is provided in which the company name gets displayed above the Authorised Signatory field. Here the authorised person can sign on behalf of the company as the authorised signatory
  • The Serial No. entered in Excise Sales Voucher gets captured in Form 402.

Maharashtra :

  • The following new VAT/Tax Classifications are introduced for recording Works Contract transactions with effect from April 01, 2011
    • CST – Works Contract @ 1% / Interstate Sales – Works Contract @ 1%
    • CST – Works Contract @ 12.5% / Interstate Sales – Works Contract @ 12.5%
    • CST – Works Contract @ 4% / Interstate Sales – Works Contract @ 4%
    • CST – Works Contract @ 5% / Interstate Sales – Works Contract @ 5%
    • CST – Works Contract @ 20% / Interstate Sales – Works Contract @ 20%
    • CST – Works Contract @ 2% / Interstate Sales – Works Contract @ 2%
    • Input VAT – Works Contract @ 12.5% / Purchases – Works Contract @ 12.5%
    • Input VAT – Works Contract @ 5% / Purchases – 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 these VAT/Tax classifications in VAT Forms.

  •  The e-VAT functionality is enhanced to facilitate export of taxable purchase and sales details in excel spread sheet format to template files – e_704_annexturej1.xls and e_704_annexturej2.xls.

 

Release details of Stat900 version 164 (PDF file)

Download Stat 164

Source : http://www.tallyacademy.in/tally-faq-news-blog

Available new stat 163 from 16th February, 2012

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

Source : www.tallyacademy.in