Saturday, August 13, 2016

VAT forms provided in Tally.ERP 9 Release 5.4

The VAT forms provided in Tally.ERP 9 Release 5.4 are currently available only for 20 states across India, namely
  • Andhra Pradesh
  • Assam
  • Bihar
  • Chandigarh
  • Delhi
  • Goa
  • Gujarat
  • Haryana
  • Karnataka
  • Kerala
  • Madhya Pradesh
  • Maharashtra
  • Odisha
  • Puducherry
  • Punjab
  • Rajasthan
  • Tamil Nadu
  • Telangana
  • Uttar Pradesh
  • West Bengal

Monday, June 27, 2016

Serive tax

SERVICE TAX
 Service tax is a tax levied by Central Government of India on services provided or to be provided excluding services covered under negative list and considering the Place of Provision of Services Rules, 2012 and collected as per Point of Taxation Rules, 2011 from the person liable to pay service tax.

The effective rate of Service Tax is increased from 14.50% to 15% (14% ST+ 0.50% Swachh Bharat Cess + 0.50% Krishi Kalyan Cess) by way of introducing Krishi Kalyan Cess @ 0.50% (w.e.f. 01-06-2016) on value of taxable services. Input credit of Krishi Kalyan Cess shall be allowed to be used for payment of the Krishi Kalyan Cess only. However it may be noted that there is no input credit allowed for Swachh Bharat Cess.

Saturday, March 12, 2016

Tally.ERP 9 Release 5.3.2 - Highlights

Tally.ERP 9 Release 5.3.2 - Highlights

Tally.ERP 9 Release 5.3.2 offers you a wide range of product enhancements aimed to make business management far easier and simpler for you. The key highlights of the release are the following:

1Powerful and simplified statutory functionality brings to you the best solution to manage your taxation in the simplest and most efficient manner. Release 5.3.2 gives you the experience of a hand-prepared return with intuitive intelligence designed to help you generate 100% accurate returns in a matter of minutes. With Release 5.3.2, you enjoy the complete flexibility to configure tax rates and classifications as applicable to your business as well as a simple and easy experience to record transactions. What's more, it also enables you to save your finalized returns which will help you to either modify them or prepare revised returns as appropriate.
2On-Demand Data Synchronization that gives you the ability to share information across your locations in a simple, reliable and secure manner, without the need to be simultaneously connected to each other. This completely eliminates the need for intensive and rigid schedules; delivering the benefit of sheer convenience in your hands. Release 5.3.2 takes advantage of the Tally Software Services for synchronisation of master information as well as transaction data across locations and ensures that creation, modifications and deletions are appropriately updated.
3Comprehensive post-dated cheque management wherein you can flexibly track and record post-dated cheques which are automatically regularised on the due date. What's more, you enjoy full visibility of PDCs issued and received along with their real-time accounts; enabling accurate and informed cash planning.
4Lighter and Swifter Tally.ERP 9 ensuring a highly optimised system memory usage, hassle free and efficient product update experience delivering only those updates which are relevant to you.
5One click zero-configuration installer that greatly simplifies the installation process and reduces the set-up time so that you are up & running in seconds.
6Robust Licensing enables multiple users to use the same single user license to access data, one user at a time.
7Over 2000 product enhancement & issue resolution requests are addressed to further improve the Product Stability and Completeness.

Tally.ERP 9 Release 5.3.2

Tally.ERP 9 Release 5.3.2 is a path-breaking innovation bringing to you the ability to
  • Generate 100% accurate tax returns in a matter of minutes
  • Synchronise your business data across locations without the need for rigid schedules
  • Manage your working capital requirements and plan your cash in the most efficient way
  • Enjoy personalised updates and a memory optimised system performance.