FAQ-11 ( VAT / CST ):

Recording Taxable Purchases at Multiple VAT Rates in Single Invoice in Tally.ERP 9

Query

 

How to record taxable purchases at multiple VAT rates in single invoice?

 

Solution:

 

Go to Gateway of Tally > Accounting Vouchers > F9: Purchase

Press F12: Configure and set Use Common Ledger A/c for Item Allocation to No. This option is disabled when multiple purchase ledgers are required to be selected in a single invoice.

In case where only one purchase ledger is to be selected for recording purchases this option can be enabled.

§        Select the party ledger in Party’s A/c Name field.

§        Select the stock item taxable @ 1%. Enter the Quantity and Rate.

§         In the Accounting Details screen, select the purchase ledger with the VAT/Tax class - Purchases @ 1%.

§        Select the stock item taxable @ 2%. Enter the Quantity and Rate.

§        In the Accounting Details screen, select the purchase ledger with the VAT/Tax class - Purchases @ 2%.

§        Select the stock item taxable @ 15%. Enter the Quantity and Rate.

§        In the Accounting Details screen, select the purchase ledger with the VAT/Tax class - Purchases @ 15%.

§        Select the stock item taxable @ 20%. Enter the Quantity and Rate.

§         In the Accounting Details screen, select the purchase ledger with the VAT/Tax class - Purchases @ 20%.

§        Select the Input VAT ledgers grouped under Duties & Taxes with Type of Duty/Tax as VAT, VAT Sub Type as Input VAT and VAT/Tax class – Input VAT @ 1%, Input VAT @ 2%, Input VAT @ 15% and Input VAT @ 20%. The amount of VAT is automatically calculated on the assessable value.

 

tally erp 9 software download

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§        Press Enter to accept and save.

 
Company Information @ Tally.ERP9
 
 
 
Group & Ledger
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2. THE LEDGER
3. VOUCHERS TYPES
Advanced Inventory / Stock
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