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Creating VAT Ledgers (Excise for Dealer) in Tally.ERP 9

Input VAT

To create a Input VAT Ledger,

Go to Gateway of Tally > Accounts Info. > Ledgers > Create

  1. Enter the Name of the Input VAT ledger you wish to create, for e.g., Input VAT @ 4%

  2. Select Duties & Taxes as the group name in the Under field.

  3. Select VAT from the Type of Duty/Tax list in the field Type of Duty/Tax.

  4. Select the requisite VAT/Tax Class, for e.g., Input VAT @ 4% from the VAT/TAX Class list.


[Img-17]

  1. Percentage of Calculation and Method of Calculation are updated automatically based on the Type of Duty/Tax and VAT/Tax Class selected.

  2. For Rounding Method select as Not Applicable


[Img-18]

  1. 6. Press Enter to Accept to save

Note: It is recommended to create separate Input VAT ledgers with appropriate VAT classification for different rates of VAT. However, Tally.ERP 9 provides you the flexibility to use a common Input VAT ledger for different rates, by selecting VAT classification as Not Applicable and allows selection of required classification from the list of VAT/Tax Class while recording a transaction.

 

Output VAT

To create a Output VAT Ledger,

Go to Gateway of Tally > Accounts Info. > Ledgers > Create

  1. Enter the Name of the output VAT ledger you wish to create, for e.g., Output VAT @ 4%

  2. Select Duties & Taxes as the group name in the under field.

  3. Select VAT from the Type of Duty/Tax list in the field Type of Duty/Tax.

  4. Select the requisite VAT/Tax Class, for e.g., Output VAT @ 4% from the VAT/TAX Class list.


[Img-19]

  1. Percentage of Calculation and Method of Calculation are updated automatically based on the Type of Duty/Tax and VAT/Tax Class selected.


[Img-20]

  1. Press Enter to Accept to save

Note: It is recommended to create separate Output VAT ledgers with appropriate VAT classification for different rates of VAT. However, Tally.ERP 9 provides you the flexibility to use a common Output VAT ledger for different rates, by selecting VAT classification as Not Applicable and allows selection of required classification from the list of VAT/Tax Class while recording a transaction.

 
 
 
 
Tally.ERP 9 Reference Manual LIBRARY
1.
Installation of Tally.ERP9
2.
Site Licensing of Tally.ERP9
3.
Shortcut Keys in Tally.ERP9
4.
Maintaining Company Data
5.
Creating Masters
5a. Accounts Information [Creating Masters]
5b. Inventory Information [Creating Masters]
6.
Voucher Entry
7.
Reports in Tally.ERP9
8.
Excise for Dealer
9.
Excise for Manufacturer
10.
Reports [ Excise for Manufacturer]
11.
Excise for Importer
12.
Service Tax in Tally.ERP9
13.
Tax Collected at Source (TCS) in Tally.ERP9
14.
Tax Deducted at Source (TDS) in Tally.ERP9
15.
Value Added Tax (VAT) in Tally.ERP9
16.
Central Sales Tax (CST) in Tally.ERP9
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
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