New Release 1.3 : solutions to many problem

Dear All,

Yesterday Tall released new version Series A, Release 1.3 and tried to solve many issues. This is highly appreciated.

Following are major changes in the new release. However it is advisable first to check the implement thoroughly before you migrate to new release to avoid any problem.

Excise

v Excise Duty, Additional Tax and Cess on VAT calculation are supported in Sales Order, Purchase Order, Delivery Notes and Receipt Notes vouchers.

v CENVAT Credit Register is provided. This report displays Opening Balance, Credit for the Month, Utilized and Closing Balance of CENVAT Credit.

v Multi Stock Duty Alteration is provided in Tally.ERP 9

Excise for Dealer

v Users can sort the Excise Stock Register and Excise Purchase Bill Register based on Invoice Date, Invoice Number or Party Name

Tax Audit

v The support for Clause 18 – Payments made to Specified Persons u/s 40A(2)(b) has been provided.

v The support for Clause 27 – Tax Deducted at Source has been provided. The Auditor can verify the details of all the TDS transactions.

v The Auditor can enter the required information and print Form 3CD along with Anneuxre I & II from Auditors’ Edition of Tally.ERP 9.

v A new Audit Status Under Observation is introduced.

v The Tax Audit Dashboard has been enhanced to display all the required Audit Status Types.

TDS

v For Accounts only companies, TDS entries in Debit/Credit note in Accounting Invoice mode is provided.

v When the TDS Data migration is not complete, Tally.ERP 9 displays the message TDS Migration did not complete successfully! with additional details to check and correct the un-migrated transactions.

v TDS Challan Reconciliation for new TDS Forms is supported. Similarly, TCS Challan Reconciliation for new TCS Forms is supported.

v As per the requirement under Double Taxation Avoidance Agreement (DTAA), a flat deduction of TDS without surcharge and education cess in case of payments to NRI’s towards the services provided under section 195 is supported.

VAT

v The ledgers grouped under Direct/Indirect Expenses, Direct/Indirect Incomes, Purchase Accounts and Sales Accounts, the fields Use for Assessable Value Calculation will be displayed. On enabling this field, the options Apportion for and Method of Apportion will be displayed. In the Apportion for field:

1. The option VAT will be displayed when only VAT feature is enabled.

2. Excise & VAT and VAT will be displayed on enabling both Excise and VAT features.

v On grouping the ledgers under Duties & Taxes with the Type of Duty/Tax as Others, the fields Use for Assessable Value Calculation and Method of Apportion will be displayed.

v In the party ledger master, a new field Set/Alter VAT Details has been introduced. On enabling this option, facility has been provided to select the required Type of Dealer from the Type of Dealer list as per the statutory requirement of each state and enter the TIN/Sales Tax No.

v In VAT Commodity Creation screen, a new field Commodity Code has been introduced.

v In Single Stock Item master, the field Commodity has been introduced to select the VAT commodity code.

v In Multi Stock Item master, the VAT Commodity column has been provided to select the Commodity Code. On enabling Excise feature along with VAT, the columns Tariff Classification and VAT Commodity will be displayed to select the details.

v In multi stock item master, S: Set Commodity button (Ctrl+S) has been provided to auto-fill the VAT Commodity Code.

v In the Inventory Info menu, the commodity code or tariff classification can be created from:

1. VAT Commodity sub-menu for VAT enabled companies

2. Tariff/VAT Commodity sub-menu for companies in which both VAT and Excise feature/excise rules for invoicing is enabled.

v In the Stock Item master of a company enabled only for VAT, the cursor will skip the Tariff Classification field and prompt for entering the Rate of Duty and selection of Commodity under VAT Details section.

v The field Use for Assessable Value Calculation has been introduced in the ledger grouped under Duties & Taxes with Type of Duty/Tax as Others for a VAT and VAT with Excise enabled company. On enabling this field, the options Apportion for and Method of Apportion will be displayed. The Apportion for field will be set to VAT and Method of Apportion to Based on Value by default.

Licensing

v Tally.ERP 9 now facilitates the user to work with a Temporary license for a defined period from the date of activation. This feature is enabled in order to avoid non-usage of Tally.ERP 9 due to the delay in receiving the Unlock Key.

Synchronization

v The issue of “Due On Date” not getting updated when the Sales Order/Purchase Order voucher date is changed, halting the Synchronization process, has been resolved.

General

v Consolidation of same stock items having the same rates is possible in Receipt/Delivery Notes and Purchase/Sales Invoice by enabling the option Consolidate Stock items with same rates in F12: Configuration.

v In Logical Migration Alt+Ctrl+M, new Module All Masters has been introduced to Migrate the Item Masters and Voucher Class.

v Performance of Voucher Registers like Sales/Purchase Registers has been improved by 5% to 20% and in Day book filter for Vouchers types has been improved by 35% to 60%

TDL Language Enhancements

v Behavioral Change in System Definitions to treat modifiers as Warnings

v Browse URL to accept command line parameters

v Collection attribute Data Source accepts HTTP XML

v Introduction of new function $$DateRange

Apart from the above enhancements, stat.900 version 86 will provide the following:

v Maharashtra: The Form 233 has been provided in both physical and E-VAT format.

v Maharashtra: The new classifications – Purchases @ 25%, Input VAT @ 25%, Sales @ 25% and Output VAT @ 25% has been introduced effective from July, 1 2009.

v Rajasthan: E-VAT feature has been introduced to facilitate the e-filing of VAT Return Form VAT 10 and Annexure – Form VAT 07, Form VAT 08, Form VAT 12, Form VAT 48 and Form VAT 50

v Punjab: In F3: Statutory & Taxation Features, a new section Exemption/Deferment Details has been introduced.

v Uttar Pradesh: The commodity-wise details along with returns and additions are supported in E-VAT excel – AnnexureAB.xls and text – AnnexureAB.txt formats.

v Uttar Pradesh: In E-VAT Annexure AB, the unit of measure will be captured in Units column. The base unit will be captured for alternate units and tail unit will be displayed for compound unit.

v Facility has been provided to select Restricted (ASCII) with Excel Spreadsheet format to export the VAT and Composite VAT return forms along with annexures as per the VAT requirements supported in Tally.ERP 9 for Bihar, Chhattisgarh, Goa, Gujarat, Himachal Pradesh, Jharkhand, Jammu & Kashmir, Meghalaya, Orrisa, Rajasthan (Composite return), Tripura, Uttar Pradesh and West Bengal (Annexures).

v Functionality has been enhanced to capture apportioned values of additional ledgers for exempted purchases and sales classifications in VAT forms of all the states.

Please refer the detailed Tally.ERP 9 Release Notes and stat.900 version 86 Release Notes at our website here for further details on the release.

The new release can be download from the k link

Latest Comments
  1. sunitha June 29, 2011

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