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 :