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samson (Owner)     09 May 2013

New vat class in tally without tally.net subscriptttion

For creating vat class/rate in Tally without Tally.Net subscripttttion call us on 919746031438

For Example . VAT CLASS 14.5% ,normally we want to upgrade Tally.Erp to 4.51. but we can create the vat class without this upgrade



 1 Replies

Manoj Garg

Manoj Garg (Support on Tally Excel Password Recovery etc.)     10 May 2013

New VAT Class available for any earlier version of Tally
 
In compliance with the respective State Budgets for the Financial Year 2013-14,
new classifications have been provided as per the prescribed VAT rates effective from 1st April 2013
to record transactions. The value of entries recorded using these classifications will be currently captured
only in VAT Computation report. In the forthcoming Stat.900 releases, the functionality will be enhanced to
capture the value of entries recorded using the new classifications in respective fields of VAT Forms.
The list of States with the respective VAT/Tax classifications is as follows:
 

Indian Taxation

VAT


In compliance with the respective State Budgets for the Financial Year 2013-14, new classifications have been provided for the following States as per the prescribed VAT rates effective from 1st April 2013 to support transactions.

♦ Chhattisgarh
   — Decrease in VAT rate from 5% to 3% on TMT steel bars

♦ Himachal Pradesh
   — New VAT rate of 9% on all types of footware
   — Increase in VAT rate from 11% to 22% on bidis and 18% to 36% on cigarettes,
       cigar etc

♦ Jammu & Kashmir
   — Increase in VAT rate from 30% to 40% on cigarettes

♦ Kerala
   — Increase in VAT rate from 6.75% to 7.25% and 13.5% to 14.5%

♦ Maharashtra
   — Increase in VAT rate from 1% to 1.10% on gold, silver and their jewellery

♦ West Bengal
   — Increase in VAT rate from 4% to 5% and 13.5% to 14.5%
   — Increase in VAT rate from 20% to 25% on tobacco products and cigarettes

For more detail  Contact:

Manoj Garg

Mob: +91-9927199217

 


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