VAT

●      If the invoice value, including the additional edger value, was above 50,00,000 the VAT calculation was incorrect, resolved: Now, if the invoice value after considering the additional ledger amount, exceeds 50,00,000, the VAT amount is calculated correctly.

●      CST calculation was incorrect when additional ledger enabled for apportioning based on value was selected in invoice, resolved: Now, in the additional ledger if the options are set as given below, the CST is calculated on the total of stock item value and the additional ledger:

o      Include in Assessable value calculation for set to VAT.

o      Method of Calculation set to Based on Value.

●      If the discount amount was 4,00,000, it was not considered for CST calculation, resolved: Now, if the discount value is 4,00,000, it is considered for CST calculation.

●      In the VAT analysis section of sales and purchase invoice printout, the VAT amount was not rounded-off, resolved: Now, on enabling VAT analysis in the Invoice Printing Configuration, the VAT analysis section shows rounded-off value.

●      A provision is made to control the access to VAT return reports and annexures to users: The option VAT Return and Annexures is added to List of Reports under Disallow the following Facilities and Allow the following Facilities in Security Levels screen. Users can be disallowed full access or allowed only display rights using this option.

●      A provision is made to migrate MRP details of stock masters while migrating data from versions 4.93 and lower to 5.x: The maximum retail price configured in the master of vatable items is now migrated from data of release 4.93 and lower versions to 5.x versions. This will eliminate the need to record MRP details for items again after migrating the data.

●      Potential tax mismatch message was appearing while saving accounting invoice mode voucher in remote client, if VAT amount as per calculation was wrong and corrected manually, resolved: In remote client, if VAT amount calculated in purchase accounting invoice was wrong and corrected manually, the potential tax mismatch message was displayed while saving the transaction due to VAT as per transaction being different from VAT as per calculation.

●      Item rate was not being calculated in remote client when inclusive of tax rate was recorded in a sales invoice, resolved: When the option Allow entry of rate inclusive of tax for stock item in voucher configuration or Is inclusive of duties and taxes? in item master are enabled, then item rate was not being calculated on recording rate inclusive of tax in a remote client.

●      Tax amount of inclusive of tax transaction with item value of 10 crore or more was displayed incorrectly when the transaction is accepted as is from uncertain transactions, resolved: When a transaction with item value in excess of 10 crores was recorded using an inclusive of tax voucher class, the tax amount was not matching with assessable value on accepting the transaction as is from uncertain transactions.

●      The assessable value of transactions with excise duty was changing in Forms Receivable report while recording form number details, resolved: On clicking S: Set/Alter Form No. in Forms Receivable screen the assessable value of transactions with excise duty was changing to display only item value excluding excise duty value.

●      If voucher class created for sales with service tax ledgers and VAT was used in sales invoice, VAT calculation was incorrect, resolved: If a sales voucher class created with service tax and swachh bharat cess (enabled to be included for assessable value calculation), VAT, and sales ledgers, was selected in invoice, the VAT amount was being calculated incorrectly.

●      If swachh bharat cess ledger was predefined for normal rounding,  the VAT calculation was incorrect, resolved: Now, when swachh bharat cess ledger configured for normal rounding is selected, the VAT amount is calculated correctly.

●      Now, the VAT and CST TIN are displayed in the printout of computation reports generated for VAT and CST Forms.

●      VAT calculation was incorrect when excise duty group was appropriated by value, resolved: After creating an excise duty group under Duties & Taxes by enabling the option Method to Allocate when used in Purchase Invoice to Appropriate by Value, if the CENVAT ledger was created under it, and selected in purchase invoice, the VAT amount was not being calculated on excise duty.

●      In cash sales, if party ledger was selected in Party Details screen, the TIN and Type of Dealer of the selected party were not displayed, resolved: Now, on selecting party ledger by clicking M: Party List in Party Details screen of cash sales, the Type of Dealer and TIN are displayed as predefined in the selected party ledger.

●      In cash purchases, if party ledger was selected in Party Details screen, the Type of Dealer of the selected party was not displayed, resolved: Now, on selecting party ledger by clicking M: Party List in Party Details screen of cash purchases, the Type of Dealer is displayed as predefined in the selected party ledger.

●      In cash sales invoice configured for separate buyer and consignee names, if party ledger was selected in Party Details screen, the Type of Dealer of selected party was not displayed, resolved: Now, on selecting party ledger by clicking M: Party List in Party Details screen of cash sales invoice configured to show separate buyer and consignee names, the Type of Dealer is displayed as predefined in the party ledger.

●      In sales invoice, if a different party name was selected in Party Details screen, the TIN and CST number of the selected party were not displayed, resolved: Now, on selecting a different party ledger by clicking M: Party List in Party Details screen of sales invoice, the TIN and CST numbers are displayed as predefined in the selected party ledger.

●      In the sales entry recorded in voucher mode, if a different party ledger is selected in Party Details screen, none of the party details were updated, resolved: Now, if a different party ledger is selected by clicking M: Party List in Party Details screen of sales recorded in voucher mode, the address, and TIN of the selected party are displayed.

●      In excise invoices of cash purchase/sales configured for separate buyer and consignee names, if party ledger was selected in Party Details screen, the Type of Dealer of selected party was not displayed, resolved: Now, on selecting party ledger by clicking M: Party List in Party Details screen of excise cash purchase/sales configured to show separate buyer and consignee names, the Type of Dealer is displayed as predefined in the selected party ledger.

●      In Forms Receivable report, F6: Ledger was not working, resolved: Now, on clicking F6: Ledger from Forms Receivable report, the list of ledgers are displayed for selection.

●      On exporting the VAT and CST returns in excel format (by clicking E: Export button), the tax amount was displayed in Assessable Value column, resolved: Now, in the excel output file generated by exporting the VAT and CST returns, the tax amount is displayed in Tax Amount column.

●      In sales invoice, if value of a stock item and additional ledger crossed lakhs of rupees, the VAT calculation was incorrect, resolved: Now, in sales invoice, if the value of stock item and additional ledger crosses lakhs of rupees, the VAT amount is calculated correctly.

●      In VAT reports, the excess additional tax, cess or surcharge of previous quarter was not carried forward as tax credit in the current quarter, resolved: Now, the excess credit of additional tax, surcharge or cess of previous quarter is being carried forward in the current quarter.

●      The issue of state name field was missing in Supplementary Details screen of the recorded invoice after data migration, resolved: When a company data was migrated from release 4.93 to 5.1, the state name field was missing in Supplementary Details screen of the invoice.

●      The issue with printing the required fields after changing from interstate to local party in an invoice, resolved: When interstate party was changed to local party in an invoice recorded for interstate transaction, the Forms to Receive field still appeared in a printed invoice which was for an interstate transaction.

●      The issue of the changing the TIN number when party name was changed in Supplementary Details screen of an invoice, resolved: When a party selected at the Supplementary Details screen of an invoice was changed, the displayed TIN number did not change accordingly.

●      Statutory Report option in the Display Menu was disabled after migrating Composition VAT enabled data from release 4.93 to 5.0, resolved: When VAT was enabled for composition dealer in release 4.93, after the data was migrated to release 5.0 and above, the Statutory Reports option at the Gateway of Tally menu was disabled.

●      Supplier invoice date was changed into voucher date in Form Issuable report after migrating the data from release 4.93 to 5.1, resolved: After data was migrated from release 4.93 to 5.1, supplier date was changed to the voucher date, and this was displayed in a Forms Issuable report.

●      Order vouchers were displayed in voucher registers after changing the period for display, resolved: When the display period was changed in voucher register, order vouchers for purchase and sales were displayed. Due to this, the assessable value and tax amount were wrongly calculated.

●      Additional tax was printed item-wise instead of a consolidated amount when the option Print VAT\CST analysis was enabled in a POS invoice, resolved: When printing a POS invoice which was passed with more than one item and additional tax ledgers, the additional taxes were printed for each item instead of one consolidated value of additional taxes of all the items.

●      The total assessable value was not printed in an invoice when the option Print VAT Analysis of Items was enabled, resolved: When a sale invoice was printed using voucher class and the invoice was printed with the Print VAT Analysis of items option enabled at F12: Printing Configuration, the total assessable amount was not printed under VAT Analysis details.

●      While recording an excise sales invoice with party ledger having multiple addresses and TIN, if the address was changed, all details except TIN were updated, resolved: Now, in the excise sales invoice, if the address of party is changed by clicking M: Party List in Party Details screen, the TIN appears as predefined in the party ledger.

●      In an invoice, if a different party of another state is selected in Party Details screen, the TIN was not changing as predefined in the party ledger, resolved: Now, on selecting the party of another state by clicking M: Party List in Party Details screen of an invoice, the TIN changes as predefined in the party ledger.