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 165

Service Tax

As per the Budget 2012-13, the Service tax rate change from 10% to 12% has been supported.
Payroll

As per the Budget 2012-13, the new Income Tax slabs have been provided.
VAT

• Bihar – New VAT rate is provided.
• Gujarat – New VAT rates are provided.
• Himachal Pradesh – New VAT rates are provided.
• Harayana – New VAT rate is provided.
• Jammu and Kashmir – New VAT rate is provided.
• Kerala – New VAT rates are provided.
• Karnataka – New VAT rate is provided.
• Madhya Pradesh – New VAT rate is provided.
• Maharashtra – New VAT rate is provided.
• Meghalaya – New VAT rate is provided.
• Odisha – New VAT rate is provided.
• Rajasthan – New VAT rate is provided.
• West Bengal – New VAT rate is provided.
Upcoming Releases

• Chhattisgarh – Revised E-VAT templates to be supported.
• Daman & Diu - CST Return to be provided.
• Gujarat – Annual return will be provided.
• Gujarat - 403 to be provided.
• Jharkhand – Revised Annual Return Form to be provided.
• Kerala – The Works Contract functionality needs to be supported.
• Nagaland - VAT Return to be provided.
• Service Tax – ST 3 e-filing support to be provided.
Warm Regards,
Mani.V
click here to buy the Tally Products online.
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 165
Service Tax
As per the Budget 2012-13, the Service tax rate change from 10% to 12% has been supported.
Payroll
As per the Budget 2012-13, the new Income Tax slabs have been provided.
VAT
• Bihar – New VAT rate is provided.
• Gujarat – New VAT rates are provided.
• Himachal Pradesh – New VAT rates are provided.
• Harayana – New VAT rate is provided.
• Jammu and Kashmir – New VAT rate is provided.
• Kerala – New VAT rates are provided.
• Karnataka – New VAT rate is provided.
• Madhya Pradesh – New VAT rate is provided.
• Maharashtra – New VAT rate is provided.
• Meghalaya – New VAT rate is provided.
• Odisha – New VAT rate is provided.
• Rajasthan – New VAT rate is provided.
• West Bengal – New VAT rate is provided.
Upcoming Releases
• Chhattisgarh – Revised E-VAT templates to be supported.
• Daman & Diu - CST Return to be provided.
• Gujarat – Annual return will be provided.
• Gujarat - 403 to be provided.
• Jharkhand – Revised Annual Return Form to be provided.
• Kerala – The Works Contract functionality needs to be supported.
• Nagaland - VAT Return to be provided.
• Service Tax – ST 3 e-filing support to be provided.
Warm Regards,
Mani.V
click here to buy the Tally Products online.