Home Page : TallyERP9Book.Com Click...Order Now ! Click...Order Now ! Click....Book Contents !
Connect with ...
 
FAQ-20 ( VAT / CST ):

How to record a sales entry using Sales voucher with VAT inclusive voucher class?

Solution:

 

Create Sales & Output VAT Ledgers

 

1.       Sales @ 4% Ledger

 

Name

Under

Inventory values are affected

Used in VAT Returns

VAT/Tax Class

Use for Assessable Value Calculation

Sales @ 4%

Sales Account

Yes

Yes

Sales @ 4%

No

 

2.       Output VAT @ 4% Ledger

 

Name

Under

Type of Duty/Tax

VAT/Tax Class

Inventory values are affected

Percentage of Calculation

Method of Calculation

Output @ 4%

Duties & Taxes

VAT

Output VAT @ 4%

No

4%

On VAT Rate

 

3.       Sales Voucher Class

 

Gateway of Tally > Accounts Info > Voucher Types > Alter > Sales

 

Class: Sales Incl VAT

 

Under Voucher Type Class screen, under ‘Default Accounting Allocation for each item in Invoice’, specify the details as shown:

 

Ledger Name

VAT/Tax Class

Percentage

Override using Item Default

Sales @ 4%

Sales @ 4%

96.15

No

Output VAT @ 4%

Output VAT @ 4%

3.85

 

 

Note: The percentage is calculated for Sales @ 4% as 100/104*100 = 96.15 and output VAT @ 4% as 100/104*4 = 3.85 (or 100 - 96.15 = 3.85)

 

tally erp 9 book free download

   [12-88]

Pressing the Enter key will bring you back to the Voucher Type Alteration screen. Save the Voucher type.

 

4.       Sales Entry

Gateway of Tally > Accounting Vouchers > F8: Sales > Select the Class: ‘Sales Incl VAT’ and pass a normal entry. After selecting the Item do not select the Output VAT @ 4% ledger, since this invoice is inclusive of VAT.

 

service tax in tally erp 9

   [12-89]

5.     VAT Computation

Go to Gateway of Tally > Display > Statutory Reports > VAT Reports > VAT Computation

 

learning tally erp 9

   [12-90]

 
 
 
 
[FAQ] : Tally.ERP 9
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
 
 

Enter your email address:
[ Get Tally.ERP 9 Questions & Knowledge Base Feed delivered by eMail ]

Delivered by FeedBurner

 
 
Disclaimer

The names of Companies and persons used in this Website have been used for illustrative purposes only.
The visitors may visit www.tallysolutions.com , the web site of Tally Solutions Pvt. Ltd. for resolving their doubts or for clarifications

Trademark :

Tally, Tally 9, Tally9, Tally.ERP, Tally.ERP –9, Tally.Server 9, Tally.NET & Power of Simplicity are either registered trademarks or trademarks of Tally Solutions Pvt. Ltd. in India and/or other countries. All other trademarks are properties of their respective owners. This Website is not associated with any product or vendor mentioned in this Website.

GETTINGS STARTED @ Tally.ERP 9
QUESTIONS BASE @ Tally.ERP 9
REPORT GENERATES @ Tally.ERP 9
TIPS & TRICKS @ Tally.ERP9 GST for Tally.ERP9
1 > Financial Statement Report 1 > Tips & Tricks @ Tally.ERP 9 1 >Introduction to GST ( IGST . CGST, SGST )
2 > Accounts Book & Register Report 2 > FAQ's @ Tally.ERP 9 2 >Calculation of GST ( IGST, CGST & SGST)
3 > Stock Register / Reports 3 > Short Cut Keys @ Tally.ERP 9 3 > GST on Tally.ERP 9 ( With Practical Assignment )
4 > Job Costing Reports 4 > Tips-Weekly Refresher @ Tally.ERP9 4 > Generate GSTR-1 Returns / Reports under Tally.ERP9
5 > Pay Roll Register Reports   5> Status Reconciliation (GSTR-1)
6 > Point of Sale Register Reports   6 > Challan Reconciliation Report for GST Payments
     
  8 > Excise - Manufacturer      
  9 > Technology / Utilities      
 
SWAYAM EDUCATION
Mandal Bagicha, Hemkapada,
Sunhat, Balasore-756002 ( Odisha )-India
eMail ID : tallyerp9bookorder@gmail.com
Web : www.tallyerp9book.com
Mob : 09437264738
Get Updated ...
Website Designed, Hosted, Owned by : www.BalasoreCity.Com