Punjab

●      Tax on sales attracting 12.5% VAT rate was displayed incorrectly in VAT-15 template, resolved: For sales recorded at 12.5% VAT rate, incorrect values of VAT and surcharge were displayed in section 4 of VAT-15 template.

●      Latest format of physical Form VAT 16 is now supported: The latest format of Form VAT 16 provided by the department, is supported.

●      VAT rates used in retail sales were not displayed in VAT-23 sheet, when party ledgers were selected, resolved: On exporting data to VAT-15 template, the VAT rates used in retail sales recorded by selecting party ledgers were not displayed in VAT-23 sheet.

●      Incorrect surcharge amount displayed in Annexure 24 for purchases recorded using voucher class, resolved: In purchase invoice, if voucher class predefined to override the item defaults was used for purchase of goods attracting 1%, and 5% tax rates, the surcharge amount was displayed incorrectly in the Annexure 24 printout.

●      Commodity details are supported in accounting invoice: The Commodity name and Commodity code can be predefined in the sales or purchase ledger, and selected in the accounting invoice mode to maintain commodity details.

●      Tax calculation at flat rates for pre-owned cars, supported: A provision is made to calculate tax on preowned cars at a flat rate of:

o      Rs. 3,000 per car, if the engine capacity is less than 1,000 CC.

o      Rs. 5,000 per car, if the engine capacity is more than 1,000 CC.

●      Incorrect value displayed for cancelled sales in e-VAT Annexure 18, resolved: After recording a credit note for cancellation of sales, if the data was exported to e-VAT Annexure 18 template, the cancelled amount was being doubled and displayed.

●      There was no provision to enter customer’s credit note number and date in debit note, resolved: The VAT-15 template requires only the original invoice number and date against which the debit note is being recorded. Hence, the Original Invoice No. and Date entered in debit note is exported to the relevant fields of VAT - 15 template.

●      Provision is made to migrate trade name of items to release 5.2: The trade name of items are now migrated to release 5.2 for the state of Punjab.