Tally.ERP 9 Series A Release 3.0 Stat.900 Version 137

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
•Reverse Credit on Goods Unsold at the Time of Business Closure
Version 106
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.
Version 101
Enhancements
The value of entries made using the VAT/Tax classifications provided for 5% VAT rates are
captured in Form DVAT 16, Annexures - Form DVAT 30, Form DVAT 31 and CST Form 1.
Tally.ERP 9 Release Notes for Stat.900
©Tally Solutions Pvt. Ltd. 47