'Creating Sales Invoice with Multiple VAT Rates'
@ VAT Tally.ERP 9

Example :

Universal Traders sells the following lamps to Somi Telicomm on 19-6-09.

 

Sales Item

Quantity

Rate

VAT %

GE Lamp

10 Nos

150

12.5

Bajaj Lamp

5 Nos

150

4

You can use multiple ledgers pre-defined with a different VAT rate, or choose to select each rate at the time of voucher entry.

 

Setup :

 

Press F12: Configure and change the following settings:

 

       Use Common Ledger A/c for Item allocation No.

       Allow selection of VAT/Tax class during entry – No.

 

 

Enter the details of the transaction in a sales invoice.

Go to Gateway of Tally > Accounting Vouchers > F8: Sales.

 

1. In the Accounting Details screen of GE Lamps, select Sales @ 12.5% under Particulars. The

Sales @ 12.5% will be selected in the VAT/Tax Class.

2. In the Accounting Details screen of Bajaj Lamps, select Sales @ 4% under Particulars. The

Sales @ 4% will be selected in the VAT/Tax Class.

3. Select the ledgers Output VAT @ 4% and Output VAT @ 12.5%. The Output VAT amount would be automatically calculated and displayed in the amount columns.

 

 

The completed sales invoice appears as shown below :
4. Type the narration and press Y or Enter to accept the screen.
 
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