Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Manoj Garg (Support on Tally Excel Password Recovery etc.)     04 April 2011

New VAT/Tax Classifications as per Statutory Requirements

Introduction of VAT/Tax Classifications as per Statutory Requirements

As per the finance bill/budget proposals of various State Governments and Notification of Orissa Commercial Taxes Department to revise the VAT Rates, new VAT/Tax Classifications have been intro-duced effective from April 1, 2011 to support billing of transactions. The value of entries made using these classifications will be currently captured only in VAT Computation report. In the forth-coming Stat.900 releases, the functionality will be enhanced to capture the value of entries made using the new VAT/Tax class in respective VAT Forms. The list of States with the respective VAT/Tax classifications is as follows:

p Bihar

n  Purchases @ 5%

n  Purchases @ 13.5%

n  Purchases - Capital Goods @ 5%

n  Purchases - Capital Goods @ 13.5%

 n  Purchase From URDs - Taxable Goods @ 5%

n  Purchase From URDs - Taxable Goods @ 13.5%

n  Input VAT @ 5%

n  Input VAT @ 13.5%

n  Input Tax Credit on Purchase From URDs @ 5%

n  Input Tax Credit on Purchase From URDs @ 13.5%

n  Sales @ 5%

n  Sales @ 13.5%

n  Sales @ 5% to URDs

n  Sales @ 13.5% to URDs

n  Output VAT @ 5%

n  Output VAT @ 13.5%

n  Output VAT @ 5% to URDs

n  Output VAT @ 13.5% to URDs

n  Purchase Tax @ 5%

n  Purchase Tax @ 13.5%

p Jammu & Kashmir

n  Purchases @ 25%

n  Sales @ 25%

n  Input VAT @ 25%

n  Output VAT @ 25%

n  Purchase Tax @ 25%

p Karnataka

n  Purchases @ 14%

n  Purchases - Capital Goods @ 14%

n  Interstate Purchases @ 14%

n  Purchase From URDs - Taxable Goods @ 14%

 n  Sales @ 14%

n  Sales - Works Contract @ 14%

n  Interstate Sales @ 14%

n  Input VAT @ 14%

 n  Input Tax Credit on Purchase From URDs @ 14%

n  Output VAT @ 14%

n  Output VAT - Works Contract @ 14%

n  CST @ 14%

n  Purchase Tax @ 14%

p Maharashtra

n  Sales - Composition @ 5% (Retail)

p Orissa n  Purchases @ 13.5%

n  Interstate Purchases @ 13.5%

n  Purchases - Capital Goods @ 13.5%

n  Transfer of Rights Inward @ 13.5%

 n  Sales @ 13.5% n  Interstate Sales @ 13.5%

 n  Sales @ 13.5% - Transfer of Right to Use

n  Sales - Works Contract @ 13.5%

n  Consignment Transfer Outward of 13.5% Taxable Purc

n  Input Vat @ 13.5%

n  Output Vat @ 13.5%

n  Output VAT @ 13.5% - Transfer of Right to Use

n  Output VAT - Works Contract @ 13.5%

n  CST @ 13.5%

n  Purchase Tax @ 13.5%

p Gujarat

n  Purchases @ 22.5%

n  Purchase From URDs - Taxable Goods @ 22.5%

n  Input VAT @ 22.5%

n  Input Tax Credit on Purchase From URDs @ 22.5%

n  Sales @ 22.5%

n  Output VAT @ 22.5%

n  Purchase Tax @ 22.5%

 

If anybody wants to get these new VAT Class in their Tally 7.2 - Tally 9.0 can contact:

Manoj Garg

Mobile: +91-9927199217

email: datacure @ gmail.com



 6 Replies

Manoj Garg

Manoj Garg (Support on Tally Excel Password Recovery etc.)     08 April 2011

Dear Tally 7.2 / Tally 9.0 users, don't spoil your accounts by using incorrect VAT Class, create all the new required VAT Class in your old Tally.

Contact : Manoj Garg

Mobile: +91-9927199217

email: datacure @ gmail.com

Manoj Garg

Manoj Garg (Support on Tally Excel Password Recovery etc.)     23 April 2011

Effective from April 1, 2011 new VAT/tax classifications are provided for works contract, consign-ment/branch transfers within state and revised tax rates of Maharashtra, Punjab, Gujarat and Uttar Pradesh respectively to support billing of transactions. The list of States with the respective VAT/Tax classifications is as follows:

Gujarat

n  Purchases @ 5%

n  Interstate Purchases @ 5%

n  Purchase From URDs - Taxable Goods @ 5%

n  Sales @ 5%

n  Interstate Sales @ 5%

n  Input VAT @ 5%

n  Input Tax Credit on Purchase From URDs @ 5%

n  Output VAT @ 5%

n  CST @ 5%

n  Purchase Tax @ 5%

 

Maharashtra

n  Sales - Works Contract @ 5%

n  Sales - Works Contract @ 12.5%

n  Output VAT - Works Contract @ 5%

n  Output VAT - Works Contract @ 12.5%

 

Punjab

n   As per Notification the calculation of Surcharge @ 10% is supported for VAT/Tax class - Output VAT @ 4%, Input VAT @ 4%, CST @ 4%, Purchase Tax @ 4% and Output VAT - Works Contract @ 4%

n  Consignment/Branch Transfer Outward (Within State) n  Consignment/Branch Transfer Inward (Within State)

 

Uttar Pradesh

n  Purchases @ 4% (Addl.Tax @ 5% Applicable)

n  Purchases @ 12.5% (Addl.Tax @ 5% Applicable)

n  Sales @ 4% (Addl.Tax @ 5% Applicable)

n  Sales @ 12.5% (Addl.Tax @ 5% Applicable)

n  Sales Retail @ 12.5% (Addl.Tax @ 5% Applicable)

n  Input VAT @ 4% (Addl.Tax @ 5% Applicable)

n  Input VAT @ 12.5% (Addl.Tax @ 5% Applicable)

n  Input Additional Tax @ 5%

n  Input Tax Credit on Purchase From URDs @ 4% (Addl.Tax @ 5% Applicable)

n  Input Tax Credit on Purchase From URDs @ 12.5% (Addl.Tax @ 5% Applicable) n  Output VAT @ 4% (Addl.Tax @ 5% Applicable)

n  Output VAT @ 12.5% (Addl.Tax @ 5% Applicable)

n  Output VAT (Retail) @ 12.5% (Addl.Tax @ 5% Applicable)

n  Purchase Tax @ 4% (Addl.Tax @ 5% Applicable)

n  Purchase Tax @ 12.5% (Addl.Tax @ 5% Applicable)

 

If anybody wants to get these new VAT Class in their Tally 7.2 - Tally 9.0 can contact:

Manoj Garg

Mobile: +91-9927199217

email: datacure @ gmail.com

Manoj Garg

Manoj Garg (Support on Tally Excel Password Recovery etc.)     26 May 2012

For more detail on How to Create new VAT Class in Tally 7.2 / Tally 9 / Tally.ERP 9,

visit: https://datacure.webs.com

Nilesh Singandhupe

Nilesh Singandhupe (for study purpose)     05 December 2012

 

FREE 5%vat tax class & 14.5% vat tax class of Karnataka and Other states latest vat tax class of tally Software like Tally 9 or Tally erp 9 

Here is the Free Vat Tax Class File Just Download and Import it to your Tally Erp 9 Release 1.1 Or Old Tally 9 software's company.

The company to which you will Import this vat tax class file can have any state and after importing this file it will automatically turn into your states latest vat tax Class.

If Any One Want to Know how To use New latest Vat Tax class for Tally 9 and Tally Erp 9 Read here

https://tallyerp9rel.blogspot.in/2012/10/tally-erp-9-new-vat-tax-rate-for-madhya.html

It Is Freel No charges is need to Pay. Just FREE ! FREE ! FREE !

 

FOR FREE ACCOUNTING SOFTWARE BASED ON DOUBLE ENTRY ACCOUNTING system other then Tally CLICK HERE AND DOWNLOAD THE SOFTWARE AND BOOK

For Book on How to Use Gnu Cash accounting software click Here https://freeaccountingtallyerp9rel37build15.blogspot.in/ 

 

For web site of Gnu Cash clik this "Gnu Cash"  & For Latest Stable Release of free Accounting software based on double entry accounting system by Gnu Cash For XP/Vist/Windows7 Click Below & downlaod , Install, Use 

https://downloads.sourceforge.net/sourceforge/gnucash/gnucash-2.4.11-setup.exe

 
#******************#***************#*******************#**************************#
 
The Latest Vat Tax Class another XML file that you can Import is given in this comments Attachment File. this could also be imported instead of the file given in above link
 
 
Must download it Too for Better Performance or You can Avoid it too and use the Above xml file only

Attached File : 413056 1094808 vat tax class for tally erp 9 rel 1 1 of tally erp 9 build release 3 7 build 15.rar downloaded: 229 times
Tamanna Mustakin

Tamanna Mustakin (CFA)     09 February 2013

 
 
Originally posted by : Manoj Garg
Introduction of VAT/Tax Classifications as per Statutory Requirements
As per the finance bill/budget proposals of various State Governments and Notification of Orissa Commercial Taxes Department to revise the VAT Rates, new VAT/Tax Classifications have been intro-duced effective from April 1, 2011 to support billing of transactions. The value of entries made using these classifications will be currently captured only in VAT Computation report. In the forth-coming Stat.900 releases, the functionality will be enhanced to capture the value of entries made using the new VAT/Tax class in respective VAT Forms. The list of States with the respective VAT/Tax classifications is as follows:
p Bihar
n  Purchases @ 5%
n  Purchases @ 13.5%
n  Purchases - Capital Goods @ 5%
n  Purchases - Capital Goods @ 13.5%
 n  Purchase From URDs - Taxable Goods @ 5%
n  Purchase From URDs - Taxable Goods @ 13.5%
n  Input VAT @ 5%
n  Input VAT @ 13.5%
n  Input Tax Credit on Purchase From URDs @ 5%
n  Input Tax Credit on Purchase From URDs @ 13.5%
n  Sales @ 5%
n  Sales @ 13.5%
n  Sales @ 5% to URDs
n  Sales @ 13.5% to URDs
n  Output VAT @ 5%
n  Output VAT @ 13.5%
n  Output VAT @ 5% to URDs
n  Output VAT @ 13.5% to URDs
n  Purchase Tax @ 5%
n  Purchase Tax @ 13.5%
p Jammu & Kashmir
n  Purchases @ 25%
n  Sales @ 25%
n  Input VAT @ 25%
n  Output VAT @ 25%
n  Purchase Tax @ 25%
p Karnataka
n  Purchases @ 14%
n  Purchases - Capital Goods @ 14%
n  Interstate Purchases @ 14%
n  Purchase From URDs - Taxable Goods @ 14%
 n  Sales @ 14%
n  Sales - Works Contract @ 14%
n  Interstate Sales @ 14%
n  Input VAT @ 14%
 n  Input Tax Credit on Purchase From URDs @ 14%
n  Output VAT @ 14%
n  Output VAT - Works Contract @ 14%
n  CST @ 14%
n  Purchase Tax @ 14%
p Maharashtra
n  Sales - Composition @ 5% (Retail)
p Orissa n  Purchases @ 13.5%
n  Interstate Purchases @ 13.5%
n  Purchases - Capital Goods @ 13.5%
n  Transfer of Rights Inward @ 13.5%
 n  Sales @ 13.5% n  Interstate Sales @ 13.5%
 n  Sales @ 13.5% - Transfer of Right to Use
n  Sales - Works Contract @ 13.5%
n  Consignment Transfer Outward of 13.5% Taxable Purc
n  Input Vat @ 13.5%
n  Output Vat @ 13.5%
n  Output VAT @ 13.5% - Transfer of Right to Use
n  Output VAT - Works Contract @ 13.5%
n  CST @ 13.5%
n  Purchase Tax @ 13.5%
p Gujarat
n  Purchases @ 22.5%
n  Purchase From URDs - Taxable Goods @ 22.5%
n  Input VAT @ 22.5%
n  Input Tax Credit on Purchase From URDs @ 22.5%
n  Sales @ 22.5%
n  Output VAT @ 22.5%
n  Purchase Tax @ 22.5%
 
If anybody wants to get these new VAT Class in their Tally 7.2 - Tally 9.0 can contact:
Manoj Garg
Mobile: +91-9927199217
email: datacure @ gmail.com

Tamanna Mustakin

Tamanna Mustakin (CFA)     09 February 2013

 
n  Purchase From URDs - Taxable Goods @ 13.5%
n  Input VAT @ 5%
n  Input VAT @ 13.5%
n  Input Tax Credit on Purchase From URDs @ 5%
n  Input Tax Credit on Purchase From URDs @ 13.5%
n  Sales @ 5%
n  Sales @ 13.5%
n  Sales @ 5% to URDs
n  Sales @ 13.5% to URDs
n  Output VAT @ 5%
n  Output VAT @ 13.5%
n  Output VAT @ 5% to URDs
n  Output VAT @ 13.5% to URDs
n  Purchase Tax @ 5%
n  Purchase Tax @ 13.5%
p Jammu & Kashmir
n  Purchases @ 25%
n  Sales @ 25%
n  Input VAT @ 25%
n  Output VAT @ 25%
n  Purchase Tax @ 25%
p Karnataka
n  Purchases @ 14%
n  Purchases - Capital Goods @ 14%
n  Interstate Purchases @ 14%
n  Purchase From URDs - Taxable Goods @ 14%
 n  Sales @ 14%
n  Sales - Works Contract @ 14%
n  Interstate Sales @ 14%
n  Input VAT @ 14%
 n  Input Tax Credit on Purchase From URDs @ 14%
n  Output VAT @ 14%
n  Output VAT - Works Contract @ 14%
n  CST @ 14%
n  Purchase Tax @ 14%
p Maharashtra
n  Sales - Composition @ 5% (Retail)
p Orissa n  Purchases @ 13.5%
n  Interstate Purchases @ 13.5%
n  Purchases - Capital Goods @ 13.5%
n  Transfer of Rights Inward @ 13.5%
 n  Sales @ 13.5% n  Interstate Sales @ 13.5%
 n  Sales @ 13.5% - Transfer of Right to Use
n  Sales - Works Contract @ 13.5%
n  Consignment Transfer Outward of 13.5% Taxable Purc
n  Input Vat @ 13.5%
n  Output Vat @ 13.5%
n  Output VAT @ 13.5% - Transfer of Right to Use
n  Output VAT - Works Contract @ 13.5%
n  CST @ 13.5%
n  Purchase Tax @ 13.5%
p Gujarat
n  Purchases @ 22.5%
n  Purchase From URDs - Taxable Goods @ 22.5%
n  Input VAT @ 22.5%
n  Input Tax Credit on Purchase From URDs @ 22.5%
n  Sales @ 22.5%
n  Output VAT @ 22.5%
n  Purchase Tax @ 22.5%
 
If anybody wants to get these new VAT Class in their Tally 7.2 - Tally 9.0 can contact:
Manoj Garg
Mobile: +91-9927199217
email: datacure @ gmail.com


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:



Trending Tags