VAT - Product Improvements in Release 5.1

• Assessable value was not being calculated correctly when amount inclusive of tax was recorded for service ledger, resolved: In sales transaction configured with inclusive of tax for service ledgers, the assessable value calculated automatically was wrong. However, the duty value was being calculated correctly.

  Now, assessable value is calculated correctly when inclusive of tax amount is recorded for service ledgers.

• The facility to enable purchase/sales against Form C is provided in ledger master: While creating Sundry Creditors/ Sundry Debtors, if the State selected for the ledger is different from the State selected for the company, then the option to enable Form C is displayed. If this option is enabled in the ledger master, during voucher entry the option Is against C Form under Party Details will be set to Yes, by default.

  To enable Form C from ledger masters:

  1. 1. 1. Set Alter/VAT Details under Tax Registration Details to Yes. The VAT Details screen is displayed.

        2. Set the option Sales/purchases against Form C to Yes.

• In purchase/sales voucher entry, the Tax Rate could be modified only till 100%, resolved: During purchase/sales voucher entry, if Allow Modification of Tax details for VAT? was set to Yes in F12: Configure  the Tax Rate could be modified only to a maximum of 100%.

  Now, during purchase/sales voucher entry, any percentage of tax rate can be entered in Tax Rate field under Tax Classification details screen.      

• The assessable value in sales invoice recorded with inclusive of VAT was captured incorrectly, resolved: With VAT rate 5% and surcharge 5%, when a sales invoice was recorded for VAT inclusive, the assessable value displayed in Rate column of sales invoice was incorrect.

  When a sales invoice is recorded with VAT inclusive option, the assessable value is captured correctly.

• The party name that has numeric or special characters were being ignored in Annexure- J1, resolved: When a party ledger name was created with numeric or special characters, the Annexure-J1 displayed the name without the numeric or special characters.

  Now, the party name appears with numeric and special characters in Annexure- J1.

• Transactions continued to be displayed as uncertain in VAT form reports  in migrated data even after resolving all exceptions, resolved: In data migrated from release 4.93 to 5.0, Uncertain Transactions continued to be listed in VAT form reports even after resolving all exceptions. Further, vouchers are listed against Annexure Errors but Vouchers with errors were not displayed on drill down.

  Now, Uncertain Transactions and Annexure Errors does not show vouchers listed after resolving all exceptions in migrated data.

• For E1-E2 Transaction, the party TIN details was showing error in Annexure, resolved: When an E1-E2 transaction is passed for interstate sales, and later for a party in the same state, the annexures are generated with error of Party TIN for the sales transaction, since it is a local state party with Interstate Transaction behavior.

  The party TIN details is now displayed correctly in annexures for E1- E2 Transactions.

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