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Creating Basic Excise Duty Ledger [Excise for Manufacturer] in Tally.ERP 9

To create a Excise Duty Ledger,

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

  1. Enter the Name of the excise duty ledger you wish to create, for e.g., Basic Excise Duty @ 16%.

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

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

Note: The option CENVAT needs to be selected in the Duty ledgers to avail the CENVAT Credit. This will be explained in detail in Purchase Voucher Processing.

  1. In Excise Accounting Code field enter the accounting code of Basic Excise Duty- 00380003.

Note: 8 digit Accounting Code and amount tendered against each type of duty should be mentioned in G.A.R.-7 Challan.

  1. In Duty Head field select Basic Excise Duty from the List of Excise Duty Classification.

Note: From Rel 4.8 an option to provide Bank Details is provided in the Ledger Master.

 
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  1. Set the option Inventory values are affected to No.

  2. In percentage of Calculation field enter  16% as the percentage of calculation.

  3. In Method of Calculation field, Tally.ERP 9 defaults On Assessable Value as the method of calculation.

  4. Select Not Applicable in Rounding Method field.

 
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  1. Press Enter to Accept and save.

Note: Excise Duty is calculated on the assessable value (Stock item value +indirect expenses) of the 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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