These release notes include information on all the important improvements made in Tally.ERP 9 Release 5.5.5.
● Revised Template Supported for Maharashtra: Comply with the latest version of return template. Return Template (Ver 3.0.000).xlsb, prescribed by the Department of Sales Tax, Maharashtra, is now supported.
● Revised Template Supported for Rajasthan: Keep your E-VAT template up-to-date with Release 5.5.5. Export data to the E-VAT template that supports tax rate of 13% and the revised commodity list.
● Revised Forms Supported for Delhi: Revised Form DVAT 16 and CST Form 1 that support VAT rate of 16.75% are provided in this release.
● Preview invoices faster for vouchers having over 100 line items even when VAT and Excise are enabled.
● Experience hassle-free license reactivation. You do not have to manually surrender your active license to reactivate.
● To help quickly solve some common licensing related problems yourself, and save time, we have improved the error messages, and provided links to more information.
● Payroll: Revisions in tax rebate, surcharge, and income tax slab rates are supported as per Union Budget for the financial year 2017-18.
● In the E-mail and CC to (if any) fields of the ledger creation/alteration screen, underscores were not displayed. This issue is resolved.
● The Party’s Name column in the bill-wise Group Outstandings report was displaying the ledger name even though the Display Name Style selected in the F12 configuration was other than Name Only. This issue is resolved.
● The option Show supplier invoice no. and date? was appearing as Show voucher reference number? in Purchase Columnar Register Alteration screen of Voucher Registers for some states when VAT was enabled.
This issue is resolved.
● The option Allow selection of groups/ledgers? in the print configuration screen of Cost Category Summary and Group Vouchers reports has been removed as it was not required in these reports.
● In an Accounting Invoice, the value in the Amount field was double the Rate specified, when an additional ledger was selected in the invoice and the option Calculate tax on current sub-total was enabled in Invoice Configuration. This issue is resolved.
● In a multicurrency enabled company, when sales invoice was created with voucher type class for additional ledgers, the Forex Rate of Exchange screen did not open, instead the calculation was appearing in the Amount field itself and due to this the Amount field was unreadable. This issue is resolved.
● The Rate of the stock item was affected, instead of Amount, in the Stock Item Allocation screen, when the existing discount rate was altered using the calculator panel (Alt+C) in a sales or purchase invoice, in alteration mode. This issue is resolved.
● If the Type of Calculation for an expense ledger was selected as On Current Sub Total in the voucher class, the value in the Amount field of the purchase or sales voucher was not updated as per the current subtotal. This issue is resolved.
● In the particulars column of the Ledger Vouchers report of a party ledger, in place of bank/cash ledgers, an incorrect ledger was displayed. This occurred when Payment, Receipt or Contra vouchers were passed in single entry mode with multiple ledgers, and if any of the ledgers had negative values. This issue is resolved.
● When a transaction was created with a voucher class, having blank values for one of the additional ledger, on duplicating the transaction, the additional ledger without the blank value was repeated. This issue is resolved.
● Payment/receipt transactions, recorded by enabling the option Use default values for bank details? in F12 configuration, were not displayed in the Bank Reconciliation screen. This was occurring in data that was migrated from Release 4.9x or earlier to Release 5.5.2 or later. This issue is resolved.
● The error Incorrect Bank Allocations appeared in a batch enabled company when a payment voucher was duplicated, and in the duplicated voucher,
o The Party Name was altered and,
o The Transaction Type was set to e-Fund Transfer.
This issue is resolved.
● Vouchers received as attachment could not be opened when certain mail clients were used. This issue is resolved.
● In the Item Allocations screen of Material In, Material Out and stock journal vouchers, the standard rate specified in the stock item master was not captured. This occurred when batches were enabled in F11: Features > Inventory Features. This issue is resolved.
● The following issue was observed in the stock item creation screen:
o When the quantity and the value of the opening balance were specified, the rate calculated was truncated. The closing stock was calculated on this rate.
o Consequently, in the Stock Summary and the Stock Vouchers reports, the opening balance and the closing balance of the stock item were not matching.
This issue is resolved.
● The stock items cannot be removed in group-wise Stock Summary report hence the button R: Remove Line is not enabled when a stock item is selected. However the stock groups can be removed by pressing R: Remove Line.
● The bank ledger along with amount was displayed in the additional ledgers section of a POS invoice, if
o the voucher was created with a voucher class defining the default accounting allocations for multi payment mode.
o A stock item was removed in the invoice just before saving it.
This issue is resolved.
● The Quantity and Rate in a sales invoice did not get updated when,
o the sales invoice was created by duplicating an existing sales invoice and
o a different sales order was selected in the Stock Item Allocations screen
This issue is resolved.
● When stock items were transferred from one godown/batch to another, the consumption value of the stock journal in the Stock Vouchers report was the difference between rate per unit of the source godown/batch and the destination godown/batch. This issue is resolved.
● You do not have to surrender the Tally.ERP 9 license active on a computer, to reactivate it on a different computer. The error code 6235 no longer appears from Release 5.5.5.
● An option Print Company’s name as authorised signatory? is provided in the Purchase Print Configuration screen. You can enable this option to print the company’s name and disable it to print the party’s name in the space provided for Authorised Signatory.
● When printing a sales invoice, if bank details were modified in the Invoice Print Configuration screen, the bank details were printed incorrectly for all sales voucher types after printing the first one. This occurred when
o Multiple sales vouchers were created with different bank details
o More than one company was loaded
This issue is resolved.
Now, in the Invoice Print Configuration screen, set Print Bank Details? to Yes, and you can select Default as the Bank Name to print the bank details mentioned in specific sales voucher type.
● With remote log in, Tally.ERP 9 became unresponsive when a user tried to alter a voucher from the Day Book or Ledger Vouchers report if
o Predefined cost centers were defined in the company and
o the voucher was created by selecting a cost center other than the first one defined in Auto Cost Allocation screen.
This issue is resolved.
● When a data entry user was given Full Access for only the Stock Summary report, the button F7: Show Profit was enabled.
Now, the button F7: Show Profit is disabled in the Stock Summary report and the Profit and Loss report cannot be viewed by a data entry user from the Stock Summary report.
● As per Union Budget of financial year 2017-18, the following revisions are supported, with effect from April 01, 2017:
o Revised tax rebate of Rs. 2,500 for individuals with income up to Rs. 3,50,000.
o Income tax rate:
o Changed from 10% to 5% on income slab of Rs. 2,50,000 to Rs. 5,00,000 for males/females up to 60 years of age.
o Changed from 10% to 5% on income slab of Rs. 3,00,000 to Rs. 5,00,000 for senior citizens aged between 60 to 80 years.
o For surcharge, new income slab of Rs. 50,00,000 to Rs. 1,00,00,000 taxable at 10%.
Press Ctrl+Alt+I from the Gateway of Tally to import these updates.
You will notice improved product responses when you:
● Open the Bank Reconciliation statement with payment/receipt/contra vouchers recorded with multiple bank allocations.
● Select a tracking number for Delivery Note No(s) in the Party Details screen, and return to the sales invoice with voucher class, in a company with VAT enabled.
● Generate a print preview of an invoice with a large number of line items, in a company with VAT and excise enabled.
● Drill down to a few reports and annexures from Form DVAT 16 report, in a company with Delhi VAT enabled.
● Open Annexure 2B from Form DVAT 16 report, with a large number of vouchers, in a company with Delhi VAT enabled.
● Open the Daily Stock Register in a company enabled for excise for manufacturers.
● In the sales invoice of an accounts only company, the VAT amount was calculated on the total of sale value and excise duty, but displayed as an exception if the excise duty ledger was configured as given below:
o The option Type of duty/tax was set to Others.
o The option Include in assessable value calculation for was set to VAT.
o The option Method of Calculation was set to Based on Value.
While resolving the exception, if the transaction was accepted as is, the assessable value was not considering the excise amount. This issue is resolved.
● The dealer type selected as Unregistered in the party ledger or transactions is retained on migrating data to the latest release.
● The following issues were observed when a sales invoice was recorded by first selecting an item or ledger with only service tax applicability, and then selecting an item or ledger with VAT applicability:
o The warning message Potential Tax Mismatch for VAT/CST was displayed while saving the invoice.
o The section As per transaction in the Tax Analysis screen was appearing blank although tax was calculated in the invoice.
This issue is resolved.
● In an excise purchase invoice, if the expense ledger enabled for apportionment Based on Value was selected after selecting the CENVAT ledger, the VAT amount was calculated correctly in the invoice, but displayed incorrectly in the triangulation report. This issue is resolved.
● The count of transactions recorded in the following sequence were displayed under Incomplete/mismatch in information (to be resolved) in the triangulation report:
o Transactions were recorded by selecting VAT ledger.
o Feature of batch-wise details was enabled after recording VAT transactions.
o The quantity entered in the transactions recorded with VAT were altered and saved.
This issue is resolved.
● The values of sales made to composition dealers were displayed in the field Sales to VAT dealers in AP of the printed Form VAT 200 and sales annexures. This issue is resolved.
● On saving the Form RT-I report and exporting the data to Microsoft Excel template, the excess VAT payment made was not captured as the refundable amount in box 25.3 of the template. This issue is resolved.
● VAT rate of 16.75% is supported in Form DVAT 16 and CST Form 1.
● The tax amount of interstate sales was not captured in the column Value of the Commodity Details worksheet of e-Form 402. This issue is resolved.
● If the closing balance of a stock item purchased and sold was zero, and if the data was exported to the Form 201C template, details of such stock items were not captured in the template. This issue is resolved.
● In Form 3B report, the following issues were observed for CST number:
o If the party CST number was less than 11 digits, the transaction was captured as an exception.
o If an alphanumeric CST number was defined for the party ledger, the transaction was captured as an exception, and only the numbers were displayed in the column R.C No. of the Exception Resolution screen.
These issues are resolved.
● On migrating data from Release 4.93 to Release 5.x, the purchase recorded with VAT and additional tax, by selecting the party ledger with dealer type selected as Consumer, is displayed under Mismatch due to tax amount modified in voucher.
To resolve this, configure the VAT and additional tax ledgers with the applicable tax rates from the Exception Resolution screen. The values appear as per the invoice in VAT report.
● While validating the data exported to the e-Form 402 template, errors were displayed for the columns Commodity Name and Invoice No.. This issue is resolved.
● The column Rate of Tax of Form LP3B displayed Exempted Goods (Schedule B), instead of the tax rate when a purchase invoice was recorded in the following sequence:
o Common purchase ledger was selected.
o Stock item was predefined with VAT, surcharge and commodity details.
o Interstate Purchase Exempt - With Form C was selected as the Nature of transaction.
This issue is resolved. However, if the tax rate is not defined in any of the masters, the column Rate of Tax displays Exempted Goods (Schedule B).
● In Microsoft Office 2003 and 2007, data was not being exported to the e-filing templates. This issue is resolved.
● The values of purchases recorded by selecting stock items configured to calculate VAT On Quantity were not displayed in section 28(ii) of Form JVAT 200. This issue is resolved.
● While recording a transaction in voucher mode without selecting stock items or in accounting invoice mode if the Quantity with Units was entered in the e-Sugam Details screen, the quantity was not retained in the alteration screen of the voucher/invoice. This issue is resolved.
● A sales invoice created was displayed under the exception Nature of transaction, assessable value, rate of tax modified in voucher when:
o The Tax rate was modified in the invoice, and if the VAT ledger predefined with the original VAT rate was retained.
o The invoice was saved by pressing Enter.
The VAT ledgers of both old and new rates with values were displayed in the sales invoice when the exception was resolved in the following sequence:
o The new Rate of tax was entered.
o The appropriate Name of Duty Ledger was selected.
o Tax amount was re-computed.
This issue is resolved.
● The value of a credit note recorded six months after the original sales invoice date was not captured in box 2.1.1 of Form VAT 100. This issue is resolved.
● When the Carrier Name/Agent was entered in the Party Details screen of a sales order and the sales Order No(s) was selected in the Party Details screen of sales invoice, the field Carrier Name/Agent was blank. This issue is resolved.
● The latest e-VAT template Return Template (Ver 3.0.000).xlsb is supported. In the department website, click Download > Return > VAT/CST > Return Template to download the template and export data to the template provided for the new automation system.
● On pressing either Alt+E or Ctrl+E, the Export Report screen was displayed for exporting data to the e-VAT templates of Form 231 and 233. This issue is resolved.
Now, you can export the data to e-VAT templates of Form 231 and 233 only by pressing Ctrl+E.
● In the triangulation report, TIN validation error is displayed for purchases recorded by selecting the party dealer type as Unregistered and the nature of transaction as Purchase Exempt. To resolve this issue, you need to record the purchase of exempt goods from unregistered dealers with the following details:
o Select the party dealer type as Unregistered.
o Select the purchase ledger predefined with the nature of transaction Purchase From Unregistered Dealer and Tax type set to Exempt.
The assessable value of this transaction appears in the column Exempted Purchases u/s 41 & 8 Rs. of the purchase annexure with transaction code 20.
● In the triangulation report, TIN validation error is displayed for purchases recorded by selecting the party dealer type as Unregistered and the nature of transaction as Purchase Tax Free. To resolve this issue, you need to record the purchase of tax free goods from unregistered dealers with the following details:
o Select the party dealer type as Unregistered.
o Select the purchase ledger predefined with the nature of transaction Purchase From Unregistered Dealer and Tax type set to Tax Free.
The assessable value of this transaction appears in the column Tax Free Purchases Rs. of the purchase annexure with transaction code 20.
● The rounded-off ledger value of purchase and sales transactions was not displayed in the column Other charges of Sales Annexure and Purchase Annexure. Hence, the data exported to template displayed an incorrect value. This issue is resolved.
● The LBT Zone predefined for the party ledger was not displayed in the Party Details screen when the transaction was recorded in voucher mode. This issue is resolved.
● While resolving the exception of the journal voucher recorded by selecting Works Contract - Labour/other Charges as the Nature of adjustment, if the Nature of adjustment was changed to Not Applicable, the transaction was not moved to the Included in returns/annexures row of the triangulation report. This issue is resolved.
● The e-VAT template Form VAT 10 supports the new VAT rate of 13%, and revised commodity list.
● While recording an excise supplementary invoice by linking it to the original invoice, the conversion factor of the stock item was displayed as defined in the stock item master and not as per the original invoice. The conversion factor was not changing even when altered in the supplementary invoice. This issue is resolved.
● If the values of excise invoices had decimals, a mismatch was observed for the amount of CENVAT Credit Availed in the triangulation report and the breakup displayed for the same in the drill-down reports. This issue is resolved.
● On recording an excise sales invoice by selecting a stock item predefined with excise duty and generating the Sales Bill wise report of Form RG23D, the column Rate and Amount of Duty (both in words and figures) was blank. This issue is resolved.
● In the List of Purchases displayed for selection in the Supplier Details screen of an excise sales invoice, the Rate of Duty charged on purchase was not captured. This issue is resolved.
● While recording the service tax payment voucher for recipient liability, the swachh bharat cess amount displayed was the total of the current and the previous bills. This was despite recording the service tax payment voucher for recipient liability of the previous bill. This issue is resolved.
● On printing a sales invoice recorded with the service tax ledger, and multiple stock items linked to same service category, the name of the service tax ledger was displayed as Service Tax instead of the ledger name. This issue is resolved.
Now, the ledger name is printed as Service Tax only when in the service tax ledger:
o Duties & Taxes is selected in the field Under.
o The option Type of duty/tax is set to Service Tax.
o The option Tax head is set to Any.
● When the service tax data maintained on realisation basis was migrated from Release 4.9x to Release 5.x, the values of swachh bharat cess and krishi kalyan cess were not displayed in the drill down reports of Form ST3. This issue is resolved.
● In a company enabled with batch-wise details, when TDS was deducted while booking expenses or separately in a journal voucher, the pending bill references were not displayed while recording the TDS payment voucher. To resolve this, migrate data manually.
