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 160
• Mizoram - New VAT rate support.
• Puducherry - New VAT rate support.
Upcoming Releases
• Andhra Pradesh - The Works Contract functionality will be supported.
• Daman & Diu - CST Return will be provided.
• Gujarat - 403 will be provided.
• Jharkhand - Revised Annual Return Form will be provided.
• Kerala - The Works Contract functionality needs will be supported.
• Maharashtra - The Annexures for e-Audit Form will be provided.
• Nagaland - VAT Return will be provided.
• Odisha - Form Level Support for new VAT rates will be provided.
• Punjab - Form Level support for Works Contract functionality will be provided.
• Punjab - New VAT payment challan.
• Rajasthan - Revised Composite Return.
Warm Regards,
Mani.V
Source:tallysolutions
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 160
• Mizoram - New VAT rate support.
• Puducherry - New VAT rate support.
Upcoming Releases
• Andhra Pradesh - The Works Contract functionality will be supported.
• Daman & Diu - CST Return will be provided.
• Gujarat - 403 will be provided.
• Jharkhand - Revised Annual Return Form will be provided.
• Kerala - The Works Contract functionality needs will be supported.
• Maharashtra - The Annexures for e-Audit Form will be provided.
• Nagaland - VAT Return will be provided.
• Odisha - Form Level Support for new VAT rates will be provided.
• Punjab - Form Level support for Works Contract functionality will be provided.
• Punjab - New VAT payment challan.
• Rajasthan - Revised Composite Return.
Warm Regards,
Mani.V
Source:tallysolutions
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