Tally.ERP 9 Series A Release 3.4 Stat.900 Version 169 Release Notes

Version 113
Enhancements
Version 111
As per the Notification, the Annexure 2A and Annexure 2B are provided.
Enhancements
The percentage or amount of deduction from purchase price of works contract can be entered
on selecting the VAT/Tax class provided for Works Contract Purchases. The input VAT is calculated
on the taxable contract price. The value of these entries is captured in Form DVAT 16.
Version 110
Enhancements
As per statutory requirements, the revised Form DVAT 16 is provided. The following VAT/Tax
classifications and VAT Adjustments are activated to capture the values in appropriate fields of
revised Form.
VAT/Tax Classifications
•Purchases - Works Contract @ 4%
•Purchases - Works Contract @ 5%
•Purchases - Works Contract @ 12.5%
•Input VAT - Works Contract @ 4%
•Input VAT - Works Contract @ 5%
•Input VAT - Works Contract @ 12.5%
•Inter-State Purchases - Exempted
•Sales - Works Contract @ 4%
•Output VAT - Works Contract @ 4%
•Labour, Service, Job Work & Other Charges
VAT Adjustments
•Reversal of Labour and Service Charges
•Reversal of ITC on Goods Sold Below Purchase Price
•Input Tax Credit on Opening Stock
Version 106
•Reverse Credit on Goods Unsold at the Time of Business Closure
Enhancements
The VAT/Tax classifications - Sales - Works Contract @ 5%, Sales - Works Contract @
12.5%, Output VAT - Works Contract @ 5% and Output VAT - Works Contract @
12.5% have been introduced to account for works contract. The value of entries made using
these classifications will be captured in Form DVAT 16, Form DVAT 31 and CST Form 1.
Tally.ERP 9 Release Notes for Stat.900
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