FAQ-7 ( VAT / CST ):

Voucher Class for Auto-Calculation of VAT in Tax Invoice

Query

 

How to create a voucher class and use it in Accounting Invoice mode of Tax Invoice?

 

Solution:

 

Create/Alter a Tax Invoice to define a voucher class.

Go to Gateway of Tally > Accounts Info. > Voucher Types

Create a tax invoice if not created earlier else alter it to define the voucher class.

Enter the Name of Class and press Enter key

 

Tally.ERP9

   [12-45]

Under Default Accounting Allocations for each Item in Invoice select sales ledger and enter the percentage as 100%. Set Override using Item Default to No.

Under Additional Accounting Entries select the sales ledger with Type of Calculation set to As User Defined Value as the sale value depends on the amount entered by the user. Select the output VAT ledger with Type of Calculation set to On VAT Rate. Enter the percentage under Value Basis.

 

learn tally erp 9

   [12-46]

Accept the Voucher Type Class screen and the Tax Invoice voucher type.

 

Tax Invoice :

 

Go to Gateway of Tally > Accounting Vouchers > F8: Sales > Select Tax Invoice with the name of voucher class

 

 

Tally.ERP9 Book

   [12-47]

 

The sales and output VAT ledgers with percentage of VAT will be displayed automatically. Based on the user-defined value entered for sales, the output VAT amount gets calculated.

 

tds in tally erp 9

   [12-48]

VAT Computation

 

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

 

The VAT Computation screen with assessable value and tax amount displays as shown:

 

vat in tally erp 9

   [12-49]

 
Company Information @ Tally.ERP9
 
 
 
Group & Ledger
Introduction
1. THE GROUP
2. THE LEDGER
3. VOUCHERS TYPES
Advanced Inventory / Stock
Meaning
Order Processing
Re-Order Levels
Tracking Numbers
Batch-wise Details
Additional Cost Details
Bill of Materials (BOM)
Price Lists and Price Levels
Stock Valuation
Zero Valued Entries
Inventory Ageing Report
Actual and Billed Quantities
 
Advanced Usage of Vouchers
Maintain Bill-wise Details
Cost Center and Cost Category
Interest Calculation
Reversing Journals
Post-Dated Voucher
Memo (Memorandum) Voucher
Optional Voucher
Using Tracking Number
Knowledge Base @ Tally.ERP9
Stock Items
Stock Groups
Inventory Masters
Inventory Vouchers
Inventory Report Statements
Balance Sheet
Accounting Reports
Accounting Vouchers
Interest Calculation
VAT-Value Added Tax
Service Tax
TDS (Tax Deducted at Source)
 
 
 
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 GST,TallyERP9 GST, 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.

SWAYAM EDUCATION
Mandal Bagicha, Hemkapada,
Sunhat, Balasore-756002 ( Odisha )-India
eMail ID : tallyerp9bookorder@gmail.com
Web : www.tallyerp9book.com
Mob : 09437264738
Get Updated ...