Tally.ERP 9 Series A Release 3.6 Stat.900 Version 174 Release Notes

8.17 Kerala
Version 171
Enhancements
The facility to record inter-state transactions at multiple CST rates in a single invoice is
provided with enhanced CST functionality. The value of entries recorded using the CST
classifications will be currently captured only in VAT Computation report.
Note: In the forthcoming Stat.900 releases, the functionality will be enhanced to capture the
value of entries recorded using VAT/Tax classifications provided for multiple CST rates in VAT
Forms.
Version 168
Enhancements
The functionality is enhanced to capture value of entries recorded using VAT/Tax classifications
provided for works contract and entries taxable at 2.5%, 5%, 6.75%, 13.5%, 15%,
20% and 22.5% VAT rates in e-VAT Form.
Version 167
Enhancements
The following VAT/Tax classifications are introduced effective from April 1, 2011 to record
works contract transactions with deduction for tax calculation:
•Purchases - Works Contract @ 1% / Input VAT - Works Contract @ 1%
•Purchases - Works Contract @ 4% / Input VAT - Works Contract @ 4%
•Purchases - Works Contract @ 12.5% / Input VAT - Works Contract @ 12.5%
•Sales - Works Contract @ 1% / Output VAT - Works Contract @ 1%
•Sales - Works Contract @ 4% / Output VAT - Works Contract @ 4%
•Sales - Works Contract @ 12.5% / Output VAT - Works Contract @ 12.5%
Also the following VAT/Tax Classifications are provided for 5% and 13.5% VAT rates effective
from April 1, 2012.
•Purchases - Works Contract @ 5% / Input VAT - Works Contract @ 5%
•Purchases - Works Contract @ 13.5% / Input VAT - Works Contract @ 13.5%
•Sales - Works Contract @ 5% / Output VAT - Works Contract @ 5%
•Sales - Works Contract @ 13.5% / Output VAT - Works Contract @ 13.5%
On selecting purchase and sales ledgers with aforesaid VAT/Tax classifications, Deduction
Claimed for Tax Calculation screen gets displayed to enter percentage/amount of
deduction towards labour charges and arrive at the taxable value. The taxable value gets
considered for calculation of input and output VAT.
The VAT/Tax class - Output VAT @ 2.5% (Spl.Category) and Sales to Spl. Category
Dealers @ 2.5% are provided for special category of dealers with effect from April 1, 2012.
The value of entries recorded using the aforesaid classifications will be currently captured
only in VAT Computation report.
Tally.ERP 9 Release Notes for Stat.900
©Tally Solutions Pvt. Ltd. 117