Release Notes for Stat.900 Version 242

Tally.ERP 9 Series A
Stat.900 Version 242
Release Notes
Updated On:
14/05/2015
Published By:
Tally Solutions Pvt. Ltd.
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Version: Tally.ERP 9 Series A Stat.900 Version 242 Release Notes/May 2015
Release Notes for Stat.900 Version 242
Enhancements ..............................................................................................................................................
1
Payroll .......................................................................................................................................................................
1
Value Added Tax ......................................................................................................................................................
1
Jammu & Kashmir ........................................................................................................................................... 1
Maharashtra ................................................................................................................................................... 2
Tamil Nadu ...................................................................................................................................................... 2
Release Notes for Stat.900 Version 241
Enhancements ..............................................................................................................................................
3
Value Added Tax ......................................................................................................................................................
3
Chandigarh ...................................................................................................................................................... 3
Jharkhand ........................................................................................................................................................ 4
©Tally Solutions Pvt. Ltd.
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Tally.ERP 9 Release Notes for Stat.900
Release Notes for Stat.900 Version 242
Enhancements
Payroll
In adherence to Budget 2015, the following changes have been supported, effective from 1 April 2015:





Revised slab rate of 12% to incorporate the increase in surcharge by 2% on super-rich individuals,
whose taxable income exceeds ` 1 Crore.
Increase in monthly exemption limit on Transport Allowance from
`
800 to ` 1,600 for Others.
`
1,600 to ` 3,200 for Physically Challenged.
Increase in yearly exemption limit on Mediclaim Insurance and Mediclaim Insurance
(Dependent) under Section 80D from
`
15,000 to 25,000 for Others.
`
20,000 to 30,000 for Senior Citizens.
Increase in yearly exemption limit on Expenditure for Medical Treatment for Handicapped
Dependent under Section 80DD from
`
50,000 to ` 75,000 for Others
`
1,00,000 to ` 1,25,000 for Severe Disability
Increase in yearly exemption limit for Person with Disability under Section 80U from
`
50,000 to ` 75,000 for Others
`
1,00,000 to ` 1,25,000 for Severe Disability
Value Added Tax
Jammu & Kashmir

In adherence to the state budget, the following VAT/Tax classifications have been provided,
effective from 1 April, 2015:
Purchases
Sales
- Zero Rated
- Zero Rated (Inter State)
Note: Currently, the values of transactions recorded using the aforesaid classifications will be
captured in the VAT Computation report. In the forthcoming product releases, the functionality will
be enhanced to capture the values of entries recorded, in the relevant VAT Forms.
©Tally Solutions Pvt. Ltd.
1
Tally.ERP 9 Release Notes for Stat.900
Maharashtra

In adherence to the notification, to support the VAT rate of 26% on any other kind of Motor Spirit,
the following VAT/Tax classifications have been provided, effective from 1 June, 2012:
Input
VAT @ 26%/Purchase @ 26%
Output
VAT @ 26%/Sales @ 26%
Note: Currently, the values of transactions recorded using the aforesaid classifications for 26% VAT
rate will be captured in the VAT Computation report. In the forthcoming product releases, the
functionality will be enhanced to capture the values of entries recorded, in the relevant VAT Forms.
Tamil Nadu

In adherence to the state budget, the following VAT/Tax classifications have been provided,
effective from 1 April, 2015:
Inter-State
Works
Purchases - Exempted
Contract - Exempt
Note: Currently, the values of transactions recorded using the aforesaid classifications will be
captured in the VAT Computation report. In the forthcoming product releases, the functionality will
be enhanced to capture the values of entries recorded, in the relevant VAT Forms.
©Tally Solutions Pvt. Ltd.
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Tally.ERP 9 Release Notes for Stat.900
Release Notes for Stat.900 Version 241
Enhancements
Value Added Tax
Chandigarh

In adherence to the notification, to support the new VAT rate of 14.3%on batteries and 9.35% on
mobiles, the following VAT/Tax classifications have been provided, effective from 18 April, 2015:
Battery
CST
@ 14.3%/Interstate Sales @ 14.3%
Input
VAT @ 14.3%/Purchase @ 14.3%
Interstate
Purchases @ 14.3%
Output
VAT @ 14.3%/Sales @ 14.3%
Output
VAT - Works Contract @ 14.3%/Sales-Works Contract @ 14.3%
Purchase
From URDs - Taxable Goods @ 14.3%
Purchases
Purchase
- Capital Goods @ 14.3%
Tax @ 14.3%
Purchases
- Capital Goods @ 14.3% (Notional)
Mobile
CST
@ 9.35%/Interstate Sales @ 9.35%
Input
VAT @ 9.35%/Purchase @ 9.35%
Interstate
Purchases @ 9.35%
Output
VAT @ 9.35%/Sales @ 9.35%
Output
VAT - Works Contract @ 9.35%/Sales-Works Contract @ 9.35%
Purchase
From URDs - Taxable Goods @ 9.35%
Purchases
Purchase
Tax @ 9.35%
Purchases

- Capital Goods @ 9.35%
- Capital Goods @ 9.35% (Notional)
The following new VAT/Tax classifications are supported effective from 1 April, 2012:
Purchases
Sales
Against Form - H (Within State)
Against Form-H (Within State)
Note: Currently, the values of transactions recorded using the aforesaid classifications for VAT
rates 14.3%, 9.35%, and the transactions against Form - H will be captured in the VAT
Computation report. In the forthcoming product release, the functionality will be enhanced to
capture the values of entries recorded, in the relevant VAT Forms.
©Tally Solutions Pvt. Ltd.
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Tally.ERP 9 Release Notes for Stat.900
Jharkhand

In adherence to the notification, to support the new VAT rate of 2.5% applicable on iron and steel
the following VAT/Tax classifications have been provided, effective from 10 April, 2015:
CST
Input
@ 2.5%/Interstate Sales @ 2.5%
VAT @ 2.5%/ Purchases @ 2.5%
Interstate
Purchases @ 2.5%
Output
VAT @ 2.5%/Sales @ 2.5%
Output
VAT - Works Contract @ 2.5%/Sales-Work Contract @ 2.5%
Purchase
From URDs - Taxable Goods @ 2.5%
Purchase
Tax @ 2.5%
Purchases
- Capital Goods @ 2.5%
Note: Currently, the values of transactions recorded using the aforesaid classifications will be
captured in the VAT Computation report. In the forthcoming product release, the functionality will be
enhanced to capture the values of entries recorded, in the relevant VAT Forms.
View Release Notes for Stat.900 Versions 240 and earlier
©Tally Solutions Pvt. Ltd.
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Tally.ERP 9 Release Notes for Stat.900