UDYOG SOFTWARE (INDIA) LIMITED. itax Release. itax_functionality_features_list_11.0.8_24jan2015. Sateesh J 24/01/2015

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1 UDYOG SOFTWARE (INDIA) LIMITED itax Release itax_functionality_features_list_11.0.8_24jan2015 Sateesh J 24/01/2015

2 itax version has been released on January 24, Many new features and functionalities have been added/ upgraded in this new version. Excise Manufacturing: Application Features: An option of daily / monthly posting Calculation of Excise Duty on the basis of MRP / Abatement / Pro-rata / Deemed Credit Progressive calculation (considering Branded / Unbranded / Without Export Value) Posting of sales return entry to RG 23A Part I & II Differential Rate Invoice Entry User definable percentage of Excise Duty Auto BOM (Bill of Material) Different Excise Duty consideration like BED, AED (GSI), SED, NCCD, AED (T & TA), Education CESS in Invoice, RG 23 A Part II, ER II and ER III User-wise entry level security Front Office Documents: Excise Invoice (with / without Progressive amount) Daily Input to Production Slip Daily Output from Production Slip GAR - 7 Challan Annexure 22 for Captive Consumption Duty Payable Letter to Central Excise Registers: Personal Ledger Account (PLA) RG 23 A Part I/ RG 23 C Part I (Item-wise/Date-wise/Group-wise) for Raw Material / Capital Goods RG 23 A Part II / RG 23 C Part II for Raw Material / Capital Goods Service Tax Credit Register RG 1 Daily Stock Statement (Item-wise/Group-wise/Chapter-wise) CENVAT Rule 7 Input/Capital Register Excise Reports: Form ER I Form ER - III Form ER - V and ER VI Form ER VIII Form IV for Stock of Raw Material Form RT V for Raw Material Used & Finished Goods Produced Duty Deposited Under GAR - 7 Challan Duty Payable Report (Date-wise / Invoice-wise / Chapter-wise / Group-wise) Duty Available Report Daily Consumption Report Daily Production Report Captive Use Stock Ledger Report (RG 1) Letter to The Superintendent of Central Excise(Duty Payable Letter To Central Excise) Abstract of Input Goods & Capital Goods Under Rule 7 Pro-Forma for Monthly Return under Rule 7 for Input Goods (Input Goods Rule 7-Abstact) Pro-Forma for Monthly Returns under Rule 7 for Capital Goods (Capital Goods Rule 7 -Abstract) Monthly Stock Statement with Assessable Value, Excise Duty, Export Value, Export Duty, Closing Stock (Excise MIS Reports-Monthly Finish Goods Statement) Stock valuation report for pending stock (details) Stock Reservation with Serialize Inventory Tracker Report COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 1 of 20

3 Other MIS Reports include: Transaction-wise Credit details Input/ Capital Goods Credit details Capital Goods 50% Duty Credit to be Taken CENVAT credit Delayed MIS Report Ageing wise Stock List report with Value added Warehouse wise Re-order Level Report added Reports for Labor Job Units: Annexure IV Stock Register for Goods sent for Processing / Job Working Annexure V Account of Receipt of Raw Material, Inputs, Partial Process Goods, Semi-Finished Goods for Processing / Job Working Annexure III Account of Receipt of Raw Material, Inputs, Partial Process Goods, Semi-Finished Goods for Processing / Job Working Annexure II Challan for Job Work Annexure III Challan for Job Work Annexure B Under Rule 173H Annexure VI / Subsidiary Challan for Job Work Multi Formats Reports for Exporters: B1 bond Register ARE 1 Application Form for Removal of Excisable Goods for Export ARE 1 Certificate by the Central Excise Officer ARE 3 Application Form for Removal of Excisable Goods from a Factory or Bonded Warehouse to Another Warehouse ARE 3 Certificate by The Certificate by The Central Excise Officer AR3-A Application Form for Removal of Excisable Goods from a Factory in India to hundred percent Export-Oriented Undertaking AR3-A Certificate by The Certificate by The Central Excise Officer CT 3 Register Appendix 21 Register for Maintenance of Consumption & Stock of Imported Raw Material Components by the Actual Users Annexure 18 Pro-Forma of Running Bond Account Annexure 19 Part I for Removal of Export in the Current Month Annexure 19 Part II for Proof of Export Received for Earlier Quarters Annexure 19 Part III for ARE 1 not been Received by Exporter Annexure 19 Part IV for ARE 1 not been Received Under the Limit Annexure 19 Part V for Abstract of Bond COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 2 of 20

4 Excise Trading: Direct posting from Invoice to RG23D & Form - 2 Registers Updated with AED 4% Fast Excise Invoice generation Simple & ease of use Option to add Excise duty in Final Value Different Excise duty consideration like BED, AED (GSI), SED, NCCD, AED (T & TA) in Invoice, RG 23D, Form 2 and Defacing slip AED calculation on Assessable Value or on BED as well as SED Auto Generation of RG Page Number (Warehouse wise / Bill wise / Continuous) Variable duty rate selection while making invoice Front office Documents: Excise invoice with multiple Item Details Defacing Slip (RG Page-wise / Bill-wise) Special Defacing Slip for Textile Traders Multi Invoice formats Registers: Sales / Purchase Register Date-wise / Item-wise / Party-wise Stock Register Invoice-wise CENVAT Invoice Register with Excise / Commercial/ All option Excise Trading Reports: RG 23D Godown-wise Register Form-II Part I & II Total CENVAT Received / Issued Bill-wise / Godown-wise Annexure D M I S Report: Balance Stock Item-wise / Godown-wise / Party-wise Buyer / Consignee List Importer / Manufacturer / Supplier List COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 3 of 20

5 SERVICE TAX & GTA/RSTM: Features: Service Tax calculation on Accrual basis Service Tax calculation for GTA Reverse Service Tax Mechanism (RSTM) Printing of Invoice / Bills / Challan Service Tax set-off entry/transaction Calculation of Service Tax on the basis of Abatement ratio Accrual Basis: Quotation For Services Service Tax Available Service Tax Payable Service Tax GAR 7 Challan Service Tax Self-Assessment Audit Report Form ST-3 Receipt Basis: Input Service Tax as per Bill Input Service Tax Available as per payment Output Service Tax as per Invoice Output Service Tax Payable as per Receipt Service Tax Self-Assessment Audit Report Service Tax GAR 7 Challan Service Tax Summary Service Tax Accounts Ledger Form ST-3 GTA Reports: GTA Reports Receipts Basis Output Service Tax as per Inward/Outward GTA Bill Service Tax Payable as per Inward/Outward GTA Bill GTA Reports Accrual Basis Service Tax payable as per Inward/Outward freight Bill Service Tax available as per Inward/Outward freight Bill COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 4 of 20

6 VAT & CST: The VAT functionality in VU-ENT supports the following features, making it easier for computation. Pre-defined list of sales & purchase classifications Complete tracking of each transaction till annual returns Printing of Tax invoice VAT computation report VAT - returns management Monthly Return Sales Register Item wise sales register Sales Tax Summary & Detail Sales Tax Purchase Audit Report Sales Tax Sales Audit Report Sales return registers Purchase Register Item wise purchase register Purchase Tax Summary & Detail Expense Purchase register VAT Andhra Pradesh Reports: CST FORM VI VAT Form 200 VAT Form 200A VAT Form 200B VAT Form 200C VAT Form 200D VAT Form 200E VAT Form 200F VAT Form 200G VAT Form 200H VAT Form 225 VAT Assam Reports: VAT Form 13 VAT Form 24 CST Form 03 CST Form 07 VAT Bihar Reports: VAT CH-I Challan (Original Copy) VAT CH-I Challan ( Second Copy ) VAT CH-I Challan ( Third Copy ) VAT CH-I Challan ( Fourth Copy ) VAT Chandigarh Reports: VAT Form 16 VAT Chhattisgarh Reports: VAT Form 34 COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 5 of 20

7 VAT Daman Reports: Form DVAT30 Form DVAT31 VAT Delhi Reports: CST Form 01 VAT Form 16 ANNEXURE 2A (As Per DVAT 30) ANNEXURE 2B (As Per DVAT 31) ANNEXURE 2C (As Per DVAT 30) ANNEXURE 2D (As Per DVAT 31) VAT Form 17 VAT Form 20 (Part A) VAT Form 20 (Part B) VAT Form 20 (Part C) VAT Form 20 (Part D) VAT Form ST 2B VAT Form 2C VAT FORM 31 VAT Form 2A VAT FORM 30 VAT Goa Reports: VAT Form 5 Challan VAT Gujarat Reports: CST Form 4B VAT FORM 207 VAT Form 201B CST Form 3B VAT Form 201 VAT Form 201A VAT Form 402 (Multi Format) VAT Haryana Reports: FORM 1 (CST) Form LP - 1 Form LP - 2 Form LP - 3 Form LP - 4 Form LP - 5 Form LP - 6 Form LP - 7 Form LP - 8 Form LS - 1 Form LS - 10 Form LS - 2 Form LS - 3 Form LS 4 Form LS 5 Form LS - 6 Form LS 7 Form LS 8 COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 6 of 20

8 Form LS - 9 Form R4 AL VAT FORM VAT - R01 FORM VAT - R02 FORM VAT - R03 FORM VAT - R05 FORM VAT - R06 FORM VAT - R4 FORM VAT - R7 FORM VAT - C4 Issuable FORM C4 VAT Himachal Pradesh Reports: VAT Form 2 VAT Form XV CST Form 01 VAT Annexure LP-1 VAT Annexure LS-1 VAT Jammu & Kashmir Reports: VAT Form 15 VAT Jharkhand Reports: VAT Form 205 (Challan) CST Form 01 FORM JVAT200 FORM JVAT204 VAT Karnataka Reports: CST Form 01 VAT Form 100 Purchase Register VAT Kerala Reports: VAT Form 10A VAT Form 10E VAT Form 10J VAT Form 8G Challan VAT Form 10 VAT Maharashtra Reports: VAT Challan 210 VAT Form 231 CST Form 3E CHALLAN MTR FORM6 J1 form J2 form VAT form 231 CST form III Form 704 (Yearly) Form 501 COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 7 of 20

9 VAT Madhya Pradesh Reports: VAT Form 26 (Original Copy) VAT Form 26 ( Second Copy ) VAT Form 26 ( Third Copy ) VAT Form 26 ( Fourth Copy ) VAT Form 26 ( Fifth Copy ) VAT Form 27 (Original Copy) VAT Form 27 ( Second Copy ) VAT Form 27 ( Third Copy ) VAT Form 27 ( Fourth Copy ) VAT Form 27 ( Fifth Copy ) VAT Form 10 VAT Odisha Reports: VAT Form 201 Annexure I (VAT Form 201) Annexure II (VAT Form 201) Annexure III (VAT Form 201) Annexure IV (VAT Form 201) Annexure V (VAT Form 201) VAT Form 317 Challan VAT - Punjab Reports: VAT Form 2 VAT Form 2A Challan (A) VAT Form 2A Challan (B) VAT Form 23 VAT Form 24 VAT Form 18 VAT Form 19 VAT Form 2A Challan (C) VAT Form 2A Challan (D) CST Form 01 VAT Form 15 VAT Rajasthan Reports: VAT Form 37 Sales Register (Inter States) Sales Register (Scrap - Tax Wise) FORM VAT - 10A FORM VAT - 07A FORM VAT - 08A VAT Tamil Nadu Reports: VAT Form I VAT Payable VAT and CST Computation VAT Form I Annexure (Part I) VAT Form I Annexure (Part II) VAT Form I Annexure (Part III) VAT Form I Annexure (Part IV) CST Form 01 CST Form I Annexure I COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 8 of 20

10 CST Form I Annexure II CST Form I Annexure III CST Form I Annexure IV Appendix I & II Annexure IA VAT Telangana Reports: CST FORM VI VAT Form 200 VAT Form 200A VAT Form 200B VAT Form 200C VAT Form 200D VAT Form 200E VAT Form 200F VAT Form 200G VAT Form 200H VAT Form 225 VAT Uttar Pradesh Reports: Annexure - A (VAT Form 24) Annexure - B (VAT Form 24) Annexure A-2 (VAT 24) Annexure B-1 (VAT 24) Annexure A-1 (VAT 24) CST Form 01 VAT Form 24 VAT Form I Challan (Part C) VAT Form I Challan (Part D) VAT Form 24-A VAT Form I Challan (Part A) VAT Form I Challan (Part B) VAT Uttarakhand Reports: VAT Form VI (Challan C) VAT Form VI (Challan D) CST Form 01 VAT Form 3 VAT Form 3 (Annexure I) VAT Form 3 (Annexure II) VAT Form 4A VAT Form VI (Challan A) VAT Form VI (Challan B) COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 9 of 20

11 VAT West Bengal Reports: VAT Form 15 VAT Form 14 VAT Annexure A VAT Annexure B VAT Annexure C VAT Annexure D VAT Annexure E VAT Annexure F VAT Annexure - Sales Return CST Annexure - G CST Annexure - F CST Annexure - Sales Return CST Annexure - B CST Annexure - C CST Annexure - A CST Annexure - E CST Annexure D CST Form 01 CST: Sales Tax Form List Sales Tax form Reminder letter Sales tax form issue list Detail Sales tax form Receive list detail COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 10 of 20

12 TDS & TCS: The TDS functionality in Udyog supports the following features: Accounting for tax on partial/full payment of bills Flexibility for auto and manual calculation of TDS Complete tracking of each transaction from deduction to payment Challan management and printing for prompt and accurate filing of tax The Auto allocation feature prevents error-prone data entry and helps track the transactions faster Form 16A management: Can be printed for a transaction Can be printed for a period Can be printed yearly Allows multi-party printing Exporting of data in NSDL compliant TDS file format Electronic format (e-tds return) with Form 26Q, Form 27Q, Form 27EQ, Form 27A which is compatible with Taxilla Generates Form 16A, TDS Challan, and TDS Computation and TDS Payable reports TDS Annexure- Deductee wise break-up of TDS Payment detail of TDS deduction Interest Calculation on Delayed TDS payment Report Required New TDS section(195) and related reports New TDS Register COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 11 of 20

13 EOU (Export Oriented Unit): Application Features: Annexure 118 Issue (Imported) Annexure 118 Issue (Indigenous) Annexure 118 Issue Summary (Imported) Annexure 118 Issue Summary (Indigenous) Annexure 118 Receipt (Imported) Annexure 118 Receipt (Indigenous) Annexure 118 Receipt Summary (Imported) Annexure 118 Receipt Summary (Indigenous) Annexure C1 AR3 A (Form & Certificate) AR3 A Receipt Letter ARE 2 (Form & Certificate) B-17 Bond Register (Imported) B-17 Bond Register (Indigenous) B-17 Bond Register (Capital) B-17 Bond Register (Labor Job) B-17 Bond Register (Export) CT-3 Annexure CT-3 Covering Letter CT-3 Form CT-3 Issuable Register CT-3 Receivable Register Export Register Form ER-2 - Monthly Returns GRN Register Import Register Indigenous Register Pending CT-3 Issuable Register Pending Procurement Certificate Register Procurement Certificate Procurement Certificate Covering Letter Procurement Certificate Register Re-Warehousing Certificate SDF Form Transit Permit Abstract of CENVAT Rule 7 Capital Abstract of CENVAT Rule 7 Input Annexure 18 - Running Bond Register Annexure 19 / Proof of Export (6 Parts) Annexure B - Under Rule 173H Annexure II - Labor Job Challan Annexure IV - Labor Job Annexure V - Labor Job Annexure VI - Labor Job Challan ARE 1 (Form & Certificate) ARE 3 (Form & Certificate) CENVAT Rule 7 Capital CENVAT Rule 7 Input Daily Consumption Report Daily Production Report COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 12 of 20

14 Duty Available Report Duty Payable Report GAR 7 Challan (TR-6) PLA Register Purchase Register RG 23 A Part I RG 23 A Part II RG 23 C Part I RG 23 C Part II RG1 - Daily Stock Account Sales Register Service Tax CENVAT Credit Register Stock Ledger Stock List GRN Register Annexure 19 LUT Appendix 21- Stocks of Imported Raw material itax - Functionality / Features List COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 13 of 20

15 EXIM (EXPORT IMPORT DOCUMENTATION): Pre & Post-shipment documents: Central excise FCL stuffing Central excise LCL consignment GSP certificate of Origin Packing List Self-sealing FCL Self-stuffing LCL consignment Tax Invoice Custom Invoice US custom invoice Hazardous / Non-Hazardous Declarations Annexure C-1 Form ARE1 Commercial Invoice Packing List B/L Draft Certificate of Origin-Sri Lanka, Japan Covering letter to GSP GSP Invoice Pre shipment insurance declaration (Container) Insurance Declaration Shipping instruction cum container booking Delivery Instruction Special Custom Invoice if sent to US SAPTA (SAARC Preferential Trading Agreement) Declaration IJCBPA for Japan consignments ISLFTA (India Sri Lanka Free Trade Agreement) LC & bank submission documents: LC opening form detail as per bank formats. Normal LC for Import Goods Inland LC for local purchase Letter Printing on Stamp paper Letter of acceptance Form A1 (Application for remittance in Foreign Currency) Trust Receipt IMAB IMCB IMCD IMUB FIBL at sight FIBL for BANK Name Bill of entry submission to bank Export LC Processing & Tracking COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 14 of 20

16 Export Documents for Bank Submission: Non negotiable Non negotiable-advance payment Non negotiable Stock transfer Negotiable LC authorization Negotiable LC authorization-bill of exchange Negotiable LC through Negotiable Bill of exchange Appendix 22 A Bank Certificate of Export Realization COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 15 of 20

17 DBK (DUTY DRAW BACK): Duty-Drawback Rate Master Appendix 5.I (Application for fixation of Drawback rate as per brand) Appendix 5.II - Statement DBK I Certificate - Statement DBK I Appendix 5.III - Statement DBK II (with duty) Certificate - Statement DBK II Appendix 5.IV - Statement DBK IIA Certificate - Statement DBK IIA Appendix 5.V - Statement DBK III Certificate - Statement DBK III Appendix 5.VI - Statement DBK IIIA COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 16 of 20

18 EPCG (EXPORT PROMOTION CAPITAL GOODS): EPCG ANF-5A: Application for EPCG License EPCG Master for Tracking Export Obligation Import Purchase Tracking Duty Saved Export Obligation Status & Summary Report Invoice Register Specific To Exports under EPCG EPCG Redemption Report COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 17 of 20

19 AA (ADVANCE AUTHORIZATION): AA ANF-4A: Application for AA License AA ANF-4B: Application for fixation / modification of SION AA Master for Tracking Export Obligation Import Purchase Tracking Duty Saved Value Addition / Export Obligation Status & Summary Report Invoice Register Specific To Exports under AA COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 18 of 20

20 Special Features (Utilities): New Masters to maintain the details of various license schemes Utility (Independent of client) COPYRIGHT: Udyog Software (India) Ltd (An Adaequare Company) Page 19 of 20