Home Page : TallyERP9Book.Com Click...Order Now ! Click...Order Now ! Click....Book Contents !
Connect with ...
 
FAQ-23 ( Excise for Manufacturers):

While recording Excise Sales invoice, Assessable Value of a stock item is not Considered to calculate the Excise Duty. Why? 

While recording Excise Sales invoice, Assessable Value of a stock item is not Considered to calculate the Excise Duty. Why?

Tally.Erp 9 : Excise for Manufacturers

  [7-155]

Reason

In Tally.ERP 9, Excise Duty will be calculated based on the Rate of Duty defined in the stock Item master.

To calculate the Duty you have create Excise Duty Ledgers by selecting the Type of Duty/Tax as Excise and the Rate of Duty

While recording the transaction Tally.ERP 9 will check the Rate of Duty defined in the Stock Item master & the Duty ledger selected. if the Rate specified in both themasters are same then the duty gets calculated

In the above case for the stock item AquaKing - 20 Ltrs the Rate of Duty defined in the Stock Item master is 8% and while recording the sales only Duty ledger with theRate of Duty - 10% is selected. Hence the Assessable Value of AquaKing - 20 Ltrs is not considered to calculate Duty.

Answer

To correct this, create a Excise Duty Ledger with the Rate of Duty as 8% and select recording/altering the voucher as shown below

Tally.Erp 9 : Excise for Manufacturers

  [7-156]

Note: in Tally.ERP 9 you have to create separate ledgers to account duty on stock items with different Rate of Duty

 
 
 
 
[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