Tax Power MVAT - Features

 

User Interface

  • Stunning User Interface that make the user interact with software more quickly and easily.
  • Login based make the software and data more secure. Every user has its own login and password.
  • Options to change theme of software.
  • Dealer Master, Computation for making VAT & CST Returns, Audit Report and various other forms are under one page.
  • Selection of Returns through Nature of Business in Dealer Master.
  • Auto Select Periodicity of Dealer from Sales Tax Department in Dealer Master while creating New Dealer.
  • Facility to View and select from Schedule Commodities and their Tax Rates.
  • Software has Options to change Caharacter Casing, Appereance, User Details and many more.

Dealer Master

  • Fill dealer master information with ease in one page.
  • Facility to define different types of Dealers such as Normal Dealer, Composition Dealer, Part Composition, Works Contractor and PSI Unit Dealers.
  • Software has inbuilt facilty in dealer master to check MVAT Tin No.
  • Software has inbuilt facility to check and update dealer periodicity from www.mahavat.gov.in website automatically.
  • Facility to show dealer information with a single click with the help of MVAT Tin no without going to manavat website.
  • Relevant Return automatically selected as per dealer master information.
  • Facility to check and update All Dealers Periodicity from mahavat website automatically at once with single click.
  • Facility to enter dealer commodities by manually or inbuilt commodities.
  • Facility given in software to view which dealers returns are not created for selected period.
  • Facility to filter dealers by Group, Periodicity and FinYear.
  • Facility to view MVAT/CST, PTRC due dates in Tax Calendar.

Computation

  • Data Entry of Sales and Purchases for VAT and CST Calculations.
  • Auto preparation of VAT Returns from 231 to 234 from Computation.
  • Auto preparation of CST Return Form III-E from Computation
  • Auto calculation of VAT Tax, CST Tax, Set-Off, Reduction, Interest under computation.
  • Facility to Prepare and E-Filling of E-CST Application, Form 501, PTRC Return.
  • Facility to Email Various Reports such as MTR-6 Challan, Returns, Computation, etc. for both VAT & CST in PDF Format to prescribed email id within computation.
  • Validation is provided within software for validating data before validating in E-Filling Returns.
  • Facility to Auto-Upload VAT, CST, Form 704, E-CST Application, Form 501, PTRC
  • Facility to pick up Transaction ID and Transaction date automatically after uploading Returns. After uploading return acknowledgement will be downloaded automatically.
  • Facility to prepare other Forms like Profession Tax Challan, MTR 6 for MVAT and CST for E-Payment.
  • Data entry of Sales and Purchase, Tax Calculations, Reports & E-Filling of Returns given under one roof for easy access.
  • Facility to Prepare Annual E-Returns Annexures under Computation With facility to Import Annexures Data from Excel File.
  • Facility to Check & Validate Suspicious/Hawala Dealers TIN No, Invalid Tin No’s and Cancelled Dealers Tin No’s with facility to view dealer name of effected Tin No in Annual Return Annexures C, D, J1, J2.
  • Facility to Merge Duplicate Tin No Entries in Annual Return Annexures J1 and J2.
  • Facility to Prepare Regular E-Returns Annexures under Computation With facility to Import Annexures Data from Excel File.
  • Facility to Check & Validate Suspicious/Hawala Dealers TIN No, Invalid Tin No’s and Cancelled Dealers Tin No’s with facility to view dealer name of effected Tin No in Regular Return Annexures Sale Annexures and Purchase Annexure.
  • Facility to Merge Duplicate Tin No Entries in Regular Return Annexures Sales Annexure and Purchase Annexure.
  • Facility to Prepare Annexures for Developers under Computation With facility to Email Annexures for Developers to Sales Tax Department.
  • Inbuilt checks to prevent data entry errors.
  • Reports generated under computation are MTR-6 Challan, Return, Computation for Period, and Computation for Year for both VAT & CST.
  • Facility to Protect and Finalize Computation given to Protect Computation from any Alteration after E-Filled.
  • Facility to manually download Acknowledgements of Form 231, 232, 233, 234, Annual Return Annexures and Regular Return Annexures with a single click.
  • Facility to check returns with Return Filling Summary Which shows return status of Completed, Pending, Generated, and Not Generated of all dealers and users can also view Acknowledgement of completed returns.
  • Facility to import Annexure J1 & J2 from Tally XML file.

Audit Report

  • Import Annual Returns Data from Computation with a facility to choose which Section or Annexure to import (Including facility to import Annexure F Data)
  • Import Annual Returns Data from Rem Files (This includes Rem Text file or Filled Pre-Generated Excel template provided by Department).
  • Facility to save detailed summary from Rem file to Excel file.
  • Import Remarks and other similar data from other or same dealer having previous Year Audit Report.
  • Import Annexures Data from Excel Template.
  • Facility to Prepare Form 704 Annexure J1, J2 Supplement with Import from Excel file.
  • Facility to Import Data from Excel Template in All Annexures. This also includes validation of TIN No’s Like Invalid Tin No’s, Hawala Tin No’s and Cancelled Tin No’s.
  • Facility to Validate TIN No in All Annexures.
  • Facility to Check & Validate Suspicious/Hawala Dealers TIN No, Invalid Tin No’s and Cancelled Dealers Tin No’s with facility to view dealer name of effected Tin No in Annexure C, D, J1, J2.
  • Facility to Merge Duplicate Tin No Entries in Annexures J1 and J2.
  • Facility to Protect and Finalize Audit Report given to Protect Audit Report from any Alteration after E-Filled.
  • Facility to download Audit Report Acknowledgment with a single click.
  • Create Rem Summary in Excel from Rem txt files.
  • Facility to import Annexure J1 & J2 from Tally XML file.

Other Forms

  • Facility to Prepare E-Application for CST Forms with inbuild validation and Auto E-Filling.
  • Facility to Prepare E-PTRC Return Form III-B with inbuild validation and Auto E-Filling.
  • Facility to Prepare Form-501 Refund Application with inbuild validation and Auto E-Filling.
  • Facility to Prepare Many Other Forms Like PTEC Challan, MTR6-VAT, MTR-6 CST, Form 105, 210, 304, 307, 310, 311, 316, 405, 414, 708, 709, Bill Entry & Receipt Entry.

Generation of Reports and Challans

  • Generation of Various Dealers Reports in Reports Section Such as List of All Dealers, Dealers Under MVAT,CST,PTRC,PTEC and Audit.
  • Generation of Return Reports Such as Return Tax Status, List of Returns Completed and E-Filled, List of Retusn Completed but E-Filling is Pending List of Pending Returns of both VAT & CST
  • Generation of Audit Reports Such as List of Audit Reports Completed and List of Audit Report E-Filled
  • Facility to Export Reports in PDF, Excel, Word, etc. formats.Generation and Printing of Reports include Sales Summary, Purchase Summary, VAT Computation (Period Wise), VAT Computation (Annually), CST Computation (Period), CST Computation (Annually).

Other/Online Utilities

  • Import/Export Dealer Data.
  • Backup and Restore facility provided.
  • Auto Backup of Whole Data Provided.
  • Auto update of software without interrupting work.
  • Smaller Software Update file to provide faster updates.
  • Feedback/Suggestions tool is provided within software
  • Online Support tools is provided within software