These release notes include information on all the important improvements made in Tally.ERP 9 Release 5.5.7.
● Generate accurate forms and annexures with ease.
● You can view, verify, and correct any transactions before you export them to the relevant forms and annexures for filing your returns.
● Enjoy the flexibility of defining tax rates at various levels (for example, at the company or stock item level), and create VAT classifications based on your requirements.
● We support the revised VAT rates of 25% and 34% for Schedule II goods in Annexure 4, Annexure 18, Annexure 22, and Annexure 23.
● Use the new nature of payment Payment for Call Centre Charges if you are running a Call Centre business. The rate of deduction at source for this nature of payment is 2%.
● Track cash transactions made by the developer to the land owner in a Joint Development Agreement (JDA) using the new nature of payment Payment of Cash consideration by Real Estate Developer to Property Owner.
● Define different tax rates for Individuals/HUF and Other Collectee Types based on the availability of party's PAN. If the PAN is not available, TCS will be charged at 5% or twice the tax rate of the commodity, whichever is higher.
● In transactions, the tax amount gets calculated automatically based on whether the party has a PAN or not.
● If tax is collected at a higher rate because PAN is not available, the tax amount is captured in the field called Collection at Higher Rate in Form 27EQ. This is not applicable for NRIs.
● Accurate count of vouchers for opening and closing stock of Dealer Excise is maintained between first and second child company after splitting the company data.
● The latest FVU tool version 5.4 is supported to validate the forms for ETDS/TCS before filing returns.
● The error Credit Limit of ledger exceeded was displayed in a sales transaction even when the credit limit for the party was not exceeded. This was observed when,
o The credit limit for the party was specified in base currency and
o the sales transaction against the party was passed in a foreign currency.
This issue is resolved.
● The discount amount in a sales invoice was not appearing in alteration mode, if
o The option Activate cash/trade discount? was enabled in sales invoice configuration and the discount was specified as an amount and not in percentage, and
o Batches were enabled in the company.
This issue is resolved.
● The option Allow separate buyer and consignee names? was automatically enabled in sales invoice configuration, when
o The above option was disabled while passing the POS transaction, and
o A sales invoice was passed.
This issue is resolved.
● The error Unable to read data accurately from Tally data files appeared in a multi-user environment, when
o Tally data files were accessed from a Network Accessed Storage (NAS) device, and
o In one of the computers in the network, a transaction was being recorded or altered, and in another computer a report was being viewed.
This issue is resolved.
● Rejected batches of stock items were appearing in purchase invoice. This was observed in a company enabled with godown and batches when,
o A Purchase Order was recorded for a stock item in multiple batches,
o A Receipt Note was recorded against the purchase order for the receipt of the stock item, and
o A Rejections Out voucher was created for rejecting one of the batches of the stock item which was received through the receipt note.
This issue is resolved.
● Manufacturing date and expiry date of a stock item was not appearing in the Godown Summary report, if
o The stock item was grouped under a stock group
o the option Show Mfg Date and Expiry Date? was enabled in godown summary configuration.
This issue is resolved.
● When the rate (inclusive of tax) of the stock item was altered, the amount did not get updated in the sales invoice, if
o The option Allow inclusive of tax for stock items? was enabled in Stock Item Configuration and the option Is inclusive of duties and taxes? was enabled while creating a stock item, and
o When the sales invoice was created or altered with or without a delivery note.
This issue is resolved.
● When a Material In voucher was created to track partially received goods against a job work out order, in the alteration mode of the Material In voucher, the Consumption Godown was appearing as Not Applicable and the Component Consumption Details were blank. This issue is resolved.
● When vouchers were printed in item/account invoice mode (comprehensive format), the contact details were not being printed. This occurred when the ledger name was different from the mailing name, and the option Print complete mailing details? was enabled in print configuration, and the print format was set to Neat Mode. This behaviour was noticed in the following voucher types:
o Purchase/Sales
o Delivery Note
o Receipt Note
o Sales Order/Purchase Order
o Rejections In/Rejections Out
o Credit/Debit note
This issue is resolved.
● The complete mailing details of a party were not printed in a sales transaction even if the option Print complete mailing details? was enabled in the Invoice Print Configuration. This occurred when Data was migrated from Release 4.9x and below Releases to 5.x and above and when the option Enable supplementary details? was enabled in the sales invoice configuration.
This issue is resolved.
● While printing a sales invoice, only the bank name was printed and bank details such as IFScode, account number and so on were blank. This occurred, if the mailing name of the bank ledger was modified.
This issue is resolved.
● The time taken to pre-close large number of sales orders were long. This issue is resolved.
Now there is a significant improvement in time taken to pre-close large number of orders.
● All stock items of a sales order as appearing while tracking the sales order in a sales invoice/delivery note, even if the sales order was partially cleared. This was observed when there was a stock item named No in the company. This issue is resolved.
● Data entry users could access Audit and Compliance Info even if full access was disallowed for Audit and Compliance in Security Control. This issue is resolved.
Now, Audit and Compliance Info is added to the List of Reports in security control, If you are an administrator you can completely restrict a data entry user from accessing audit and compliance by disallowing access to Audit and Compliance and Audit and Compliance info.
● In the alteration mode of an excise purchase invoice, the section Manufacturer/Importer/Consigner Details of the Party Details screen was blank when the invoice was recorded with the following details:
o Tracking number of excise Receipt Note No(s) was selected.
o Party ledger was selected by pressing Alt+M.
This issue is resolved.
● In an excise invoice, if the column Disc % was enabled, and the invoice was printed by setting the option Print discount column? to No in the Invoice Print Configuration screen, the column Disc. % was also printed. This issue is resolved.
● When the stock item predefined as Finished Goods was selected in the Source (Consumption) section of the stock journal or manufacturing journal, the quantity was not displayed in the column Issued for Further Production u/n 67/95 of Daily Stock Register. This issue is resolved.
● If the Excise Duty Classification was created from a stock item having (alias), the field (alias) was not displayed on returning to the Stock Item Creation/Alteration screen. This issue is resolved.
● In a single excise sales invoice, if the bill references of two excise purchases recorded by selecting different manufacturers/importers were selected and printed:
o The RG23D number was not printed when the option Print Multi Page Excise Invoice? was set to Yes in the Invoice Print Configuration screen.
o The name and address of the manufacturer/importer were not printed when the option Print Multi Page Excise Invoice? was set to No in the Invoice Print Configuration screen.
These issues are resolved.
● On migrating data to Release 5.x, the transactions of excise opening stock were not displayed in the Form RG 23D sales bill-wise report. This issue is resolved.
● After splitting data, if the vouchers of the Excise Closing Stock report of the first child company were imported as Dealer Excise Opening Stock into the second child company, a mismatch was observed in the total count of vouchers in both the child companies. This issue is resolved.
● The details in the printed copy of excise sales invoice was aligned incorrectly when the company excise Unit Name had more than 30 characters. This issue is resolved.
● On importing the vouchers of the Excise Closing Stock report from the first child company as the Dealer Excise Opening Stock into the second child company, the RG 23D number was not imported for transactions recorded with Nature of purchase other than Manufacturer and Importer. This issue is resolved.
● In an excise sales invoice of Release 4.9x, if a party ledger predefined with multiple addresses and TIN was selected, the primary address details with TIN were displayed in the Party Details screen, but the TIN was not retained in this screen. This issue is resolved in Release 5.x.
● After splitting data, if an excise sales invoice was recorded in the child companies, the basic excise duty was not being calculated automatically. This issue is resolved.
● The details in the printed copy of rule 11 invoice was aligned incorrectly when the option Print multi-page excise invoice? was enabled in the Invoice Print Configuration. This issue is resolved.
● In a sales invoice, the values of service tax, swachh bharat cess and krishi kalyan cess were not considered for VAT calculation even when the ledgers were configured with the following settings:
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.
This issue is resolved.
● The following issues were observed in the Form Issuable report:
o On clicking F12: Configure from the group/ledger Form Issuable report, the option Show Details of Form was displaying the Form Status as Not Received and Received instead of Not Issued and Issued.
o In the group-wise Form Issuable report, if the Form Status was selected as Received, the report displayed transactions having Form C with the form series number and date. In the printed copy, the transactions without Form C were displayed if the option:
o Print as per Effective Date? was set to Yes with date range.
o Print Covering Letter? was set to Yes.
o Transactions were not sorted as per the sorting method selected while printing Form Issuable report if the option:
o Print Quarter-wise Sub-totals? was set to Yes and
o Start fresh page for each Account? was set to No.
These issues are resolved.
● When the sales invoice recorded with stock item enabled for MRP was printed, by setting the option Print MRP/Marginal Column? to Yes in the Invoice Print Configuration, the following details were not displayed in the printed copy:
o The decimal entered as “.00” for the MRP Rate in the MRP Details screen of stock item.
o The unit of measurement captured alongside the MRP Rate when the option Allow MRP modification in voucher? was set to Yes in the MRP Details screen of stock item.
This issues is resolved.
● When the VAT ledger predefined to round-off was selected in an invoice, the amount was rounded-off in the invoice and the drill-down reports of triangulation report, but not rounded-off in the detailed mode of triangulation report. This issue is resolved.
Now the rounded-off values are displayed in the detailed mode of the triangulation report.
● On printing sales invoices from the Multi Voucher Printing option, the tax analysis of first sales invoice was displayed in the printed copy of all the subsequent invoices if:
o The sales invoices were recorded with voucher class predefined to calculate stock item value inclusive of VAT, and the option Print Tax Analysis of Items? was set to Yes in the sales Invoice Print Configuration screen.
o The sales invoices were recorded by setting the option Allow entry of rate inclusive of tax for stock item? to Yes in the Voucher Configuration screen.
This issue is resolved.
● When the option Print Tax Analysis of Items? was set to Yes in the sales Invoice Print Configuration, the tax analysis was displayed in the print preview of invoice in the server system but not in the remote system. This issue is resolved.
● In Release 4.9x, if a sales invoice was recorded with voucher class predefined to display VAT ledger separately in the invoice, and then the data was migrated to Release 5.5.5, the assessable value in the tax analysis details was being duplicated in the printed invoice copy. This issue is resolved.
● In a sales invoice, if a voucher class created for service tax, SBC, KKC and VAT was selected, the values of SBC and KKC were not considered for VAT calculation. Hence, a mismatch was observed in the assessable value displayed in the Tax Analysis screen of the invoice and the triangulation report. This issue is resolved.
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● The exception Invalid TIN was displayed in Form DVAT 16 for:
o Purchase invoice recorded by selecting the Nature of Transaction as Purchase Tax Free.
o Interstate purchases recorded from unregistered dealers by selecting the Nature of Transaction as Interstate Purchase - Taxable.
These issues are resolved.
● New experience for generating VAT returns. It features a dynamic report, which helps you resolve exceptions to ensure that your returns are an accurate reflection of your books of accounts. You can save the return for reference or to modify them later.
● You can now generate the following return forms, annexures, and requisition and receipt forms:
o Annexure 30, 30A, 31 and 31A
o Online Requisition Form C and FHE1
● The value of interstate sales made against Form C was not displayed in Form DVAT 16. This issue is resolved.
● The VAT rate of 5% is supported for filing returns.
● You can now generate the following return forms, annexures, requisition form and payment challan:
o Online e-CST Requisition Form
o Annexure 48, 48C, 48I, 48IS, 48L, 48S, 49, 49E, 49I, 49IS, 49L, 49S
● New experience for generating VAT returns. It features a dynamic report, which helps you resolve exceptions to ensure that your returns are an accurate reflection of your books of accounts. You can save the return for reference or to modify them later.
● The VAT rates 1%, 5%, 13.5% and 40% are captured in Form VAT 11 as per the format provided by the commercial taxes department.
● The value of purchases made from unregistered dealers was not displayed in Form VAT 11. This issue is resolved.
● The value of transactions recorded by selecting Interstate Purchase Exempt as the Nature of transaction was not displayed in box 9.11.3 of Form VAT 100. This issue is resolved.
● While recording an invoice in a rewritten data, if different stock items having same unit of measure were selected, the Quantity with Units was not displaying consolidated quantity under the e-Sugam Details of Statutory Details screen. This issue is resolved.
● The Dt. entered for Despatch Doc No. in the Party Details screen while recording a sales invoice, was not retained when viewed in alteration mode. This issue is resolved.
● When an invoice recorded with excise, service tax, and works contract taxable at 2% CST was printed, incorrect assessable value was displayed in brackets alongside the CST ledger in the printed copy. This issue is resolved.
● While exporting data to VAT-15.xls template, if the option Consolidate retail sales? under Export Form 23 Customer wise was set to Yes in the Export Report screen of VAT Form 15, the consolidated value was not captured in the template. This issue is resolved.
● The value of purchases recorded by selecting Interstate Purchase Exempt - With Form C as the Nature of Transaction was not displayed in Part III of Form VAT–07 A. This issue is resolved.
● The exception Invalid TIN was displayed in Annexure 8, 49 and 50 for interstate sales made to unregistered dealers by selecting the Nature of Transaction as Interstate Sales - Taxable. This issue is resolved.
● The revised VAT rates of 25% and 34% for second schedule goods are supported in Annexure 4, 18, 22, and 23.
● While recording the 51st transaction in sales voucher predefined to automatically display voucher number with alphanumeric prefix and suffix details, the book number was displayed incorrectly. This issue is resolved.
● We have introduced the field Type of invoice, with options Tax Invoice and Retail, in sales invoice, to help you capture sales to unregistered dealers as retail sales.
● The value of interstate transactions was captured by excluding CST in box 16 of Form VAT 14, and including CST in box 2(a) of CST Form 1. This issue is resolved, and now the value is captured by including the CST amount in both the forms.
● The amount contributed towards EPS and EDLI by an employee aged above 58 years, was not displayed in the ECR Challan. This issue is resolved.
● The message Error in TDL was displayed while printing the Service Tax Liability report of Form ST 3 when there were large number of transactions. This issue is resolved.
As per Union Budget of financial year 2017-18, the following changes are supported:
● In TCS Nature of Goods screen, you can enter the TCS rate with and without PAN under Rate for individuals/HUF and Rate for other collectee types.
● In the Rate and Exemption Limit Details screen of TCS Nature of Goods, you can enter the TCS rate with and without PAN in the columns Rate for individuals/HUF and Rate for other collectee types.
● In TCS Form 27EQ report, transactions without PAN recorded at 5% and twice the rate (other than NRI), are captured under Collection at Higher Rate.
● As per Union Budget of financial year 2017-18, the following Nature of Payments are supported:
o Payment for Call Centre Charges.
o Payment of Cash consideration by Real Estate Developer to Property Owner.
● In the Booking Voucher screen, navigated from Expenses/purchase returns not linked with expense/purchase transaction of Summary of Exceptions, the spelling of expenses was incorrect. This issue is resolved.
● The File Validation Utility version 5.4 is supported for filing quarterly e-TDS/TCS statements.
