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

8.21 Meghalaya
Version 135
Enhancements
Adhering to the Notification, the following new VAT/Tax Classifications are introduced for
13.5% VAT rate effective from February 25, 2011:
•Purchases @ 13.5%
•Purchase from URDs - Taxable Goods @ 13.5%
•Purchases - Capital Goods @ 13.5%
•Sales @ 13.5%
•Input VAT @ 13.5%
•Output VAT @ 13.5%
•Purchase Tax @ 13.5%
The value of entries made using the aforesaid classifications will be captured in respective
fields of Form 5 and Form 6.
Version 111
Enhancements
The value of entries made using the VAT/Tax class provided for 5% VAT Rate is captured in
Form 5 and Form 6.
Version 108
Enhancements
As per the Tax proposal of Meghalaya Budget 2010-2011 for increase in VAT rate from 4% to
5%, the following VAT/Tax classifications are provided effective from April 1, 2010:
•Purchases @ 5%
•Purchases - Capital Goods @ 5%
•Purchase From URDs - Taxable Goods @ 5%
•Input VAT @ 5%
•Sales @ 5%
•Output VAT @ 5%
•Purchase Tax @ 5%
The value of entries made using the aforesaid 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 made using VAT/Tax class provided for 5% rate in VAT Forms.
Version 106
Enhancements
The Form VAT 5 has been provided as per statutory requirements.
Tally.ERP 9 Release Notes for Stat.900
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