Statutory Updates for Taxation Modules - Release 158

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.

Stat Version

Updates pertaining to these states have been provided in Release 158

• Service Tax - ST 3 efiling format is provided.

• Orissa - New VAT rates 10% & 25% are provided for tobacco products.
• Uttarakhand - The Annexure 4 & 5 and Form Level Support for Additional Tax rate are
   provided.
• West Bengal - The e-VAT functionality is enhanced to support the new validation
   tool provided by the VAT dept.
• Uttar Pradesh - Annual Return Annexure XII is provided.

Upcoming Releases

• Andhra Pradesh - The Works Contract functionality will be supported.
• Daman & Diu - CST Return form will be provided.
• Delhi - Form 6 and Form 7 will be provided.
• Gujarat - 403 will be provided.
• Himachal Pradesh - 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 will be provided.
• Punjab - Form Level support for Works Contract functionality will be provided.
• Rajasthan - Revised Composite Return.

Warm Regards,
Mani.V
source:tallysolutions