To access the Statutory Compliance Dashboard,
Go to Gateway of Tally > Audit & Compliance > Statutory Compliance
Note: If the user does not have the access to Tax Audit, then the Statutory Compliance menu will appear on the Gateway of Tally itself.
Note: Release 1.8,1.81, 1.82, 2.0, 2.1 and 3.0 provides the Statutory Compliance features for VAT/CST, TCS and FBT alone.
The Statutory Compliance Summary is divided into two sections:
The first section displays the number of Ledgers and Vouchers and classifies them into following:
Total: Displays the total number of Ledgers/Vouchers
Possibly Incorrect (to be Verified): Displays the number of Ledgers/Vouchers which are not created/passed as per the setup recommended by Tally.ERP 9 for selected Statutes
Marked for Clarification/Correction: Displays the number of Ledgers /Vouchers for which the clarification is asked from Client or correction is suggested
In Accordance: Displays the number of Ledgers/Vouchers that are created/passed as per the recommended setup in Tally.ERP 9 for the selected Statutes
Others/Non Statutory: Displays all other Ledgers /Vouchers that does not belongs to the selected Statutes
Note: The number of Ledgers/Vouchers that are marked Verified will appear in the brackets next to the total number of Ledgers/Vouchers in each column except Possibly Incorrect (to be Verified) and Marked for Clarification/Correction.
The drill down is available from each of the above to view the related Ledgers/Vouchers.
The second section shows the Statutory Payment Details for the selected period along with pending payments and due dates etc.
Tax payable : Displays the total tax payable for the selected period
Tax paid: Displays the total tax paid during the selected period
Balance Tax: Displays the pending tax payment based on the Tax payable and Tax Paid amounts during the selected period
Due on: Displays the last date of making the tax payment for the selected period if there is any balance tax to be paid
Note: The due date for the selected statue is shown based on the due date specified in the F11: Audit Features screen.
To change the period, press F2: Period or click on F2 and specify the required period.
The user can change/select the required Statute by pressing F4: Statutory button or F4 key
Press Enter to view the Statutory Compliance Summary (for VAT)
Note: Based on the security permissions provided by the Client, the user can get the data for all Statutes or for a selected Statute. e.g. only VAT. For providing the Access to the required Statutes, refer to Assigning Security Control for Statutory Compliance.
The above report displays the Ledgers/Vouchers and Payment Details for VAT as explained earlier.
Tally allows the user to drill down from each column for Ledgers and Vouchers to Verify the respective Masters/Vouchers. 100% verification is recommended for the Ledgers/Vouchers that are listed under Possibly Incorrect (to be Verified).