Statutory Updates for Taxation Modules, Returns and Annexures
In view of the latest statutory requirements and the increasing compliance by businesses falling under the purview of Value Added Tax, various enhancements are being introduced in Tally.ERP 9. These business specific enhancements pertaining to changes in VAT Rates, Forms and Annexures etc. are provided for each State to ensure smooth functioning of day-to-day operations and timely filing of VAT Returns in the physical as well as the electronic modes as per the requirements of the Department.
Updates pertaining to Stat Release 159
• Odisha - The State name Orissa is changed to Odisha.
Upcoming Releases
• Service Tax – Service Tax E-filing Support as per xml schema will be provided.
• Andhra Pradesh - The Works Contract functionality will be supported.
• Daman & Diu – the CST Return will be provided.
• Delhi - Form 6 and Form 7 will be provided.
• Gujarat – Form 403 will be provided.
• Himachal Pradesh - efiling support for CST Return Form 1.
• Kerala – The Works Contract functionality will be supported.
• Nagaland - VAT Return will be provided.
• Orissa – Form Level Support for new VAT rates 10% and 25% will be provided.
• Punjab – Form Level support for Works Contract functionality will be provided.
• Rajasthan - Revised Composite Return will be provided.
In view of the latest statutory requirements and the increasing compliance by businesses falling under the purview of Value Added Tax, various enhancements are being introduced in Tally.ERP 9. These business specific enhancements pertaining to changes in VAT Rates, Forms and Annexures etc. are provided for each State to ensure smooth functioning of day-to-day operations and timely filing of VAT Returns in the physical as well as the electronic modes as per the requirements of the Department.
Updates pertaining to Stat Release 159
• Odisha - The State name Orissa is changed to Odisha.
Upcoming Releases
• Service Tax – Service Tax E-filing Support as per xml schema will be provided.
• Andhra Pradesh - The Works Contract functionality will be supported.
• Daman & Diu – the CST Return will be provided.
• Delhi - Form 6 and Form 7 will be provided.
• Gujarat – Form 403 will be provided.
• Himachal Pradesh - efiling support for CST Return Form 1.
• Kerala – The Works Contract functionality will be supported.
• Nagaland - VAT Return will be provided.
• Orissa – Form Level Support for new VAT rates 10% and 25% will be provided.
• Punjab – Form Level support for Works Contract functionality will be provided.
• Rajasthan - Revised Composite Return will be provided.
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