As we all know our government has reduced the Service Tax to 10.30 % from 12.36% since 24th Feb 2009.  This has given advantages to lot of service related companies, but now the biggest problem for them is all their accounting is assigned to 12.36% calculation, now what will they do? If you are a Tally user, dont worry about it. Tally has released a Statutory Update to solve this problem, you need to download this update only if you have enabled the Service Tax feature in Tally.

Some background information on the Service Tax Slabs

Previous Slabs

Service Tax    : 12%

Edu Cess        : 2%

Sec Edu Cess  : 1%

Total Tax        : 12.36%

Current Slab

Service Tax    : 10%

Edu Cess        : 2%

Sec Edu Cess  : 1%

Total Tax        : 10.30%

Since most of the Tally customers might have already using the in-built Service Tax feature of Tally. Now that this changed had come, dont worry about it, as Tally Solutions understand your problem and has released the update for reflecting this change. All you have to do is download the following Stat update either from here or from Tally Solution site.

Stats Update for Tally Release 2.x (including 2.11 ,2.12, 2.13 , 2.14) : Download for Tally 9.0 Release 2.x

Stats Update for Tally Release 3.x (including all builds of Beta release) : Download for Tally 9.0 Release 3.x

All these files are available in Tally Solution Site as well, these files belongs to Tally Solutions only, not created by us, we are just facilitating the download thats all.

Installation Instructions

Step 1: Shutdown Tally

Step 2: Copy the downloaded the file and save it to the Tally folder where application file resides.

Step 3: Windows will prompt you for replacing the existing stat.900 file

Step 4: Run Tally and open any existing Company

Step 5: The System will automatically import the contents of the new file

Step 6: Check the version information by pressing Ctrl + Alt + B from Gateway of Tally

Step 7: In the Calculator pane, you should get "Company Statutory Version 80"

Happy Tallying!!!

If you are facing any challanges in Tally give us a call. 9892158266 / 9867606526