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 162
Indian Taxation
• Himachal Pradesh – E-CST enhancement is provided and also E-VAT is enhanced as
per the latest e-VAT template.
• West Bengal – E-VAT functionality of Annexure D enhanced.
• Payroll - Facility to generate PF Form 3A Annual e-Return in text format is provided.
Indian Taxation
• Kenya – E-VAT facility is provided.
Upcoming Releases
Indian Taxation
• Assam – e-VAT Form 13 will be provided.
• Daman & Diu - CST Return to be provided.
• Gujarat - 403 to be provided.
• Jharkhand – Revised Annual Return Form to be provided.
• Kerala – the Works Contract functionality needs to be supported.
• Maharashtra – the Annexures for e-Audit Form to be provided.
• Nagaland - VAT Return to be provided.
• Puducherry – Form Level support for new VAT rates to be provided.
• TDS – New e-TDS validation tool to be supported.
• Service Tax - ST 3 e-filing support will be provided.
Warm Regards,
Mani.V
Source: Tallysolutions
