VALUE ADDED TAX

1. VALUE ADDED TAX

2. About Sinewave Sinewave Computer Services Private Limited (SCSPL), is a company in business of providing business solutions mainly to Chartered Accountants, Tax Consultants and Corporate for past 22 years. The company specializes in Indian Taxation and HR Management solutions through its versatile products. SCSPL, has multiple Taxation and other products, some of the major products are: 1. Taxbase: Software for Indian Income Tax return preparation including E-filing of return for Individual/HUF, Trusts, Co-operative Societies and Corporate Sector. Also including module like Wealth Tax, Advance Tax, Tax Deduction at source (TDS), Audit Forms, Customer Billing, Simple Accounting, Fringe Benefit Tax, Annual Information Return (Beta), Financial Statements, Monitor Returns/Received and Pending documents, SMS Sending, Movement of Shares, Confirmation of Intimation, Rectification Letter etc. Available in Multi-user and Single user variants. 2. TDS: Tax Deduction at source, separate product for corporations covering preparation and printing of TDS certificates, preparation of Quarterly return with electronic filing (e-filing) of such returns. Unique TDS Snapshot Window gives overview of all payments made by the entity to various payees (Contractor, Financer, Property Owner etc.) under various sections, payment of such deduction to the government and one shot preparation of TDS certificates for all payees Software supports emailing/ exporting to Word/PDF of various reports. 3. VAT: (Maharashtra) Value Added Tax software, catering to preparation & printing of monthly, quarterly, Half yearly & annual returns. Covers Composition, Package scheme, Work contractor, Other Dealer and this dealers Data entry, Periodic Returns (Form 221, Form 222, Form 223, Form 224), CST Returns, Revised Return, Audit Form (704), Post Filing Information. The software consolidates the data of all the periods in a financial year and generates a computation sheets. Caters to other statutory forms, Covers C-Form Tracking and software may be run in Network. Reports may be exported in PDF or DOC formats. The software also facilitates emailing of the forms, reports to their respective dealers. Also including module like TDS (Tax Deduction at Source) and PT (Professional Tax). TDS provides employer details, Contractor, Sub- contractor details and Challans, Bill Information, Payment and Various Reports. PT (Professional Tax) provides Employee details, Salary Slab wise Tax calculated and related Reports. 4. Payroll: Payroll is a versatile system catering to computation of payrolls including preparation of Payslips, Payroll registers including appropriate computations of income taxes based of earnings. The system has full fledged features of Taxbase backing the payroll system Classifies and stores payroll data from month to month for the employees. Tax Deduction at Source based on Indian Taxation is self computed based on salary earned till date and estimation of projected salary. Provides high flexibility in defining the users own additions and deductions. The defined calculations can include constants, variables and formulae. Software further caters to statutory reporting for ESIS, PF wherever applicable. Provides for management of leaves and loans. Self Process of subsequent month data based on: Either previous month data or XLS import wherein XLS files, which includes attendance data, Rate Card, Leave & Loan Register along with specific override feature. Also additional sheet for annual information received from employees is provided.

3. About Sinewave 5. Office Organizer: This software is designed for Tax Consultants office for better management of day to day working. The software caters to better management of consistent flow of customers, information through various designated staff members. Intra-net mailing facility is provided along with mail inbox and outboxes. Facility for printing of TDS Challan Payments along with e-filing of quarterly TDS returns are provided. Library function along with issue and return of books is provided. Attendance system for staff members. 6. Service Tax: Widely accepted software to prepare service Tax Challans and Monthly/Quarterly/Half Yearly returns preparation and filing. Available in 2 modes i.e. integrated with Taxbase and Standalone.Reminders may be sent on paper or emails to customers reminding them for non-filing of their returns. This software provides a facility to export Bills/Receipts/Credit related data from Service Tax Software to Microsoft Excel, and also Import similar data from Microsoft Excel to Service Tax Software. 7. Taxbase Personal: Software for Individuals. Anyone could instantly compute the taxable income and taxes. Thus relieving you from tedious manual working of tax computations, filing up and checking the computation sheet and Tax Returns. 8. Taxbase Personal XL:Software for Indian Income Tax return preparation including E-filing of return for Individual/HUF (ITR-1/ITR-2).Data Entry Screen for quick entry of income details in various income chapters, the income and deduction chapters covered are: Salary, House Property, Business, Capital Gains, Other Sources, Chapter VI-A, Income of any other person to be added, Agriculture income, Exempt income, Rebate u/s 88E, Relief and Tax Deduction at Source Data entry of Tax Deduction at Source, Advance Tax and Self Assessment Payments. Computes interest under 234 A/B/C. Form 2E is applicable to Individual, Hindu Undivided Family who don't have Income from Business or Profession or Capital Gains or Agricultural Income Form 2D is popularly known as "SARAL" Assessees who are required to use either Form No. 2 or Form No. 3 can, at their option use this Form. This form is applicable to all assessee other than companies (viz., Individual, Hindu Undivided Family Association of Persons, Firm,Local Authority,Other Artificial Juridical Person), whose total income includes Income/Loss from Business or Profession,and who do not claim exemption applicable to Charitable/Religious Trusts, etc., under section 11 of the Act. 9. E-TDS XL: This software provides Deductor information (i.e. company/Organization), information about payees/deductees (i.e. contractor/financers/property owner etc.), detail of challan payment made to the government. Automatically updates form 27A information on single ”Update” button click.

4. About Sinewave 10. Digital Certificate: Valid for e Filing of ROC ( Registrar of the Company Returns) for the purpose of MCA21 (Ministry of Company Affairs) Project Valid for e Filing of Income Tax Form 1, Form 2, FBT Form 3B returns. Available in USB Token Format as per the ROC Gazette Notification. Channeled through Tata Consultancy Ltd., a well known Certifying Authority. 11. IPRO for MCA 21: Software is designed, keeping in mind the statutory requirements of a company regarding forms & registers as per the Government guidelines. It enables to maintain annual return form, combined company registers, minutes, forms, notices,compliance certificate, fixed assets, certificate printouts etc. as per the ROC guidelines. "iPro" is a real time software based on single entry multiple reports concept which reduces the man hour usage unbelievably. 12. E-audit and Balance sheet : It includes three module like Finalization of account, Audit Report module & notes on Account. Finalization of Accounts Package provides for the step by step process of finalization of annual accounts till printout with previous years figures ready for signatures starting from feeding the year end trial balance. It provides for passing of finalization journal entries. Also including module like Tax Audit Report. Notes on Accounts 13. Fixed Asset Management: Asset category wise input of information/data provided viz. vehicles, plant and machinery, immovable properties etc. enabling to record complete information about the asset. Full details relating to acquisition of asset viz. details of supplier,installation,incidental expenses etc. with voucher references. Systems provides for maintenance of record regarding annual maintenance, insurance, warranty etc. with monitoring .Asset wise printing of register.Depreciation calculation -WDV, SLM method. It can be applied to individual asset. Depreciation calculation -As per companies Act, Income Tax Act Provision to commence the use of system without first completing the backlog of earlier years. The backlog can be completed subsequently. SCSPL, has over 5000+ customers located in various parts of India. SCSPL, has geographical spread in India, with head office located in Pune and branch offices at: Bangalore Nashik Pune SCSPL, is also operating through value chain partners in following areas: Chennai Calcutta Hyderabad Delhi Trivanduram

5. VAT – Login Screen • Secure, protected by passwords, unauthorized entry to system is not permitted. • Multiple databases may be maintained for multiple chartered accountants/ consultants who may be partners however work on different client bases. • You may keep separate copies of the product on network with all using single license purchased from SCSPL. • You may update the product with latest version in about 10-12 minutes; the new versions may be needed for any tax law changes, new formats of various forms and new features incorporated in the software. • We strongly recommend you to update the database structure using the link (“Click Here to Update Database Structure”) provided on the Login screen to prevent any conflicts while using the software.

6. Value Added Tax - Home • The above screen displays all dealers in the grid. • User may select the sort order by name, Dealer type, Return type, last Return and Return Nature and further he may apply filters such as dealer name, dealer type and return type. This way he may filter to see only dealers meeting particular set of criteria. This enables the user to avoid browsing through long list of dealers. • The user may then select the financial year, for which want to work with. The system supports VAT computations from FY 2005-2006 onwards. • User may click on New button to define new dealer. • He may take a print of the above grid based on criteria selection on printer.

7. Dealer Master - Personal • In this you can enter the personal information of the dealer like name, address, E-mail, TAN no., PAN no., dealer code, M.V. A .T. R. C No., and other details. • Sales Tax Authority details can also be included.

8. Dealer Master - Business 1 2 3 4 5 6 • This screen is used for defining the detail information of Business as follows:- 1. Occupancy status of the principal place of the business such as Owned, Rented, Leased etc 2. Constitution like Proprietary, Partnership, Pvt. Ltd. Co., Public . Ltd. Co., etc. 3. Category of dealer like Normal, PSI unit, Exporter etc can be defined. 4. Nature of Business 5. Principal Nature of Business 6. This option can be used for selecting the type of dealer. There are different types of dealers which are explained in subsequent slides. • User can also enter the details of Main Commodities dealt in, certificate no., Date of Commencement etc. • Address and other details of additional places of the Business can also be entered.

9. Main Commodities Dealt • When User clicks on Main commodities dealt in Details on Business Screen he will get above screen where he can select various commodities to be dealt with. In Commodity Sales enter the name of commodity and there schedule entry as well as Commodity purchased enter the details of name of commodity and purchase entry.

10. Bank Details • User can enter the Bank details like Name of the Bank, Branch, Account no. and type of account.

11. Registration • Through this option User can give the application for registration. • It includes various options like Voluntarily, Change in the constitution, Opening additional place of the business, Part or Full transfer of business, Shifting of place of business, Becoming lable to pay Tax under CST Act, 1956 and Exceeding thr prescibed turnover limit.. • Enter the name of the Dealer, ti under MVAT Act, 2002, dateof effect, Status of the agent, Name of the agent and Membership number.

12. Others • In this option the user can enter the information of other people having interest in the Business.

13. Cancellation • The above slide shows the details for Cancellation of Registration Certificate. • This Screen Also includes various options such as; Business Discontinued, Transfer of Business, Additional place of Business discontinued, Change in ownership etc. • Also enter the Address of place of Business,(like- Taluka, district, PIN, State), as well as enter the Date of ‘with effect from’.

14. Composition Dealer • This screen will only be enabled if the user selects “Yes” option in Dealer Master -> Business Screen->opted for Composition. • You may select the appropriate dealer from the available composition dealers list . • Based on the sub-type of composition dealer you have selected in Dealer Master->Business screen the respective fields will be enabled. • Total turnover of sales liable to tax & Sales tax Payable as per entered rate gets automatically calculated.

15. Data Entry-Composition Dealer • Through this option user can enter the information about Adjustments of CST payable, Credit B/f from CST Return, Adjustment of ET payable. • In this screen there is Set off available option present. This option is enabled only if user selects Second hand car dealer. • Excess credit available, Tax payable, Payment details, Date of filling etc. these options can also be entered.

16. Data Entry-Package Scheme Dealer • This screen is enabled if user selects ”No” option in composition in liue of sale tax payable.  • After the user clicks on “Holding Package Scheme of incentive” link he will get another screen for entering the information of Eligibility of certificate, Certificate of entitlement, scheme, Total ceilling etc. • In this screen the user can enter the information according to the fields shown above.

17. Data Entry-Package Scheme Dealer • In this screen user can enter the information of Adjustment of CST payable, credit B/f from CST return, Adjustment of ET payable etc. • If he clicks on “Set off available” and “CQB deferred” links he will get another screens which is displayed on the subsequent slides. • Excess credit available, Tax payable, Payment details, Date of filling etc. should be entered.

18. Calculation of CQB/Tax Deferment • If user clicks on “CQB deferred” link of Package Scheme dealer->Excess credit /Tax payable screen you get this slide. • The user can enter the information as per the fields.

19. Work Contractor, Leasing Agent • This screen is enabled if user selects “Partial” option and in Nature of business option he selects work contractor & Leasing option in Dealer Master->Business screen. • In this screen the user can enter the information according to the fields shown above.

20. Computation of net turnover of sales liable to tax • If user clicks on ”Less :sales under Composition scheme (s), other than works contracts under Composition option” (in the previous screen) link he gets above slide. • Based on the type of the dealer you selected in Dealer Master->Business screen the respective fields gets enabled in above screen. • You can enter the information of Total turnover of sales, Allowable reduction/deduction, Balance etc. • Total turnover of sales liable to tax & Sales tax Payable gets automatically calculated.

21. Computation of net turnover of sales liable to tax • If user clicks on ”Sales (excluding taxes) relating to ongoing works contract” (in the previous screen) link he gets above slide. • You can enter the information of Less : turnover of sales exempted from tax, deduction u/s 6 of the ‘Earlier Law’ deduction u/s 6(A) of the ‘Earlier Law’ etc. • Balance Net turnover of sales liable to tax & Sales tax Payable gets automatically calculated.

22. Work Contractor • In this screen user can enter the information of Adjustment of CST payable, credit B/f from CST return, Adjustment of ET payable etc. • If he clicks on “Set off available” link he will get another screen which is explained in above slides (Turnover of purchase and Tax paid ). • Excess credit available, Tax payable, Payment details, Date of filling etc. should be entered.

23. Data Entry - Other Dealer • This screen is enabled only if user selects “No” option in composition in liue of sales tax payable.  • In this screen the user can enter the information according to the fields shown above.

24. Data Entry - Other Dealer • In this screen user can enter the information of Adjustment of CST payable, credit B/f from CST return, Adjustment of ET payable etc. • If he clicks on “Set off available” link he will get another screen which is explained in subsequent slides (Turnover of purchase and Tax paid ). • Excess credit available, Tax payable, Payment details, Date of filling etc. should be entered.

25. Turnover of Purchases & Tax Paid • If you click on “Set off available” link of Excess credit /Tax payable screen of all four dealers explained above you get this slide. • The user can enter the information as per the fields. • If he clicks on “Computation of Setoff” link he will get another screen which is displayed on the subsequent slide.

26. Computation of Setoff • The user can enter the information as per the fields. • Add : set-off on opening stock (Trading Goods) as on 1st April, 2005 and Add : set-off on opening stock (Capital Goods) as on 1st April, 2005 fields are enabled only for Works Contractor and Other Dealer.

27. Central Sales Tax • Through this option user can enter the information about gross turnover of sales, Balance etc. • In this if the user clicks on “turnover of sales within the state” link we get the screen of Data-Entry Works contractor. Through this he can enter all necessary data which is used for calculation of CST • Calculation of CST is carried under two sections: • Sales Taxable U/S 8(1) :- Enter the details of Tax Rate, Sales turnover, Taxable and Tax. • Sales Taxable U/S 8(2)/8(2A) :- Enter the details of Tax Rate, Sales turnover, Taxable and Tax. • User can also enter the Payment details. • Form 3B option is present in this screen. User can fill his CST through form 3B.

28. Payment Adjustment Details • If the User clicks on “Adjustments” link on Central Sales Tax screen he gets above screen. • In this he can enter Balance payable, B/f unadjusted credit, Net tax payable, Payment this month etc.

29. Accounts of Forms • If the User clicks on “Accounts of forms for the period” link on Central Sales Tax screen you get this screen. • This option is used for entering the information of total no of forms used, value of goods etc. • There are four types of forms as: • Form C, Form E I, Form E II, Form F.

30. C Form Tracking • C form is used by dealers for inter state sales. • In this there are various options as All, C Form Applicable, C Form Received, C Form Pending. User can select an option whichever is applicable. • User can also view the C Form Tracking Report by clicking on Report option.

31. C Form Tracking • User can view the C Form Tracking by clicking on Report from Inter State Sales details option. • User can take a print of the same on A4 size paper.

32. Audit Report • This slide shows a snapshot for audit report. • There are two forms; Form 704 & Form 710. • Under Form 704 there are two parts, Part 1 & Part 2. • Part 2 contains various sections from section A to Section V. • Show specific sections option is present on this screen through which the user can select specific sections. • User can also delete data of all sections

33. Audit Report 1 • Enter the details like Name of dealer,R.C. No. under the M.V.A.T. Act, 2002, R.C. No. under the C.S.T. Act. 1956, Addresss of the dealer as given in the return verified, Period of the return verified and Return verified (Please tick the appropriate box). • ‘Save’ Button to save the details, ‘Delete’

34. Audit Report 2

35. Audit Report 3

36. Audit Report 4

37. Form 704 • Exports Audit report form in Microsoft™ Word™ document tabular format for easy further modifications

38. Reports • The system provides the user various Forms like Form 1, Form 101, Form 101 Annexure I, Form103, Form 105, Form 106, Form 107 A/B/C etc.

39. Computation Sheet • Clicking on Computation Sheet in the Report Menu will display a Screen which shows all the Computations filled in the above Forms. • The same may be printed on A4 size paper on windows printer, same is not available on dot matrix (DMP) option.

40. Master File List • This slide gives the information of the list of all dealers in the system. • User can also take the print out of this Master list through Repots.

41. Post Filing Information (VAT) • Through this slide the user can view filling information for VAT of all dealers in the system. • The User can choose sort order by STO code wise or Dealer name wise. • It gives details according to financial year, return type and return nature. • He can then also take a print of this through Report option.

42. Post Filing Information (CST) • Through this slide the user can view filling information for CST of all dealers in the system. • User can choose sort order by STO code wise or Dealer name wise. • It gives details according to financial year, return type and return nature. • He can also take a print of this through Report option.

43. Miscellaneous • Import data: User can import data from VAT, Sales tax (master data), Single dealer data (Beta) and from excel (Beta). • Export data: User can export data to VAT database and Excel format (beta).

44. Application – TDS (Beta) • This is a screenshot of Goods and their Schedule Entries. • User can define new schedule entry by click on ‘New’ button.

45. Application – TDS (Beta) • This is a screenshot of Applications of VAT like TDS (Beta) and Profession Tax (Beta)

46. TDS – Employer Master • Employer Master This option is used for defining new employer. The user can enter Name, Code, Address, Sales tax authority, TAN no., M.V.A.T.R.C. no., C.S.T.R.C. no. and signatory information. In it “Type of employer” link is present. If the User clicks on “Type of employer”he will get a list of Category of employer who has awarded the contract. He can then select any one of the option

47. Contractor Master • In this the user can enter the details of the Contractor like Name, Business name, Address, M.V.A.T.R.C. no, place, • date and Status. • But firstly he must select the Employer Name and then define new contractor under this employer.

48. Subcontractor Master • In this the user can enter the details of Sub-contractor like Name, Business name, M.V.A.T.R.C. no, place, date and Status. • But firstly he must select the Contractor Name then define new Sub-Contractor under this Contractor.

49. Tax Deduction Information • This screen is used for Tax Deduction information. • The user can select Employer Name, Contractor Name & Financial Year from the pop up list. • Then enter WC particulars, Bill No, Bill date, Amount, Date of payment, Rate, TDS, Date which tax deducted, Certificate no. etc.

50. Payment Details • This Screen is used for entering the information of Challan details & Bill details. • If the user clicks on new button, Bill Details screen will be displayed. • In this he can enter Period, Nature of Return, Challan no, Check no, Bank name, TDS etc. • After that he can view Form no.405 by clicking on that option.