Venkkatesh K Uncategorized questions-and-answers, tally-erp-9 0
Whenever a company purchases a Computer Peripheral such as Key Board, Mouse, or Speaker it can be treated as an addition to the Computer System or we can separately show it under Fixed Assets like Computer Peripherals. Both are allowed as per accounting. Speaker Purchase entry in Tally ERP 9 If you have shown the […]
Venkkatesh K Uncategorized India, indirect-tax, reports-in-tally, tally-tutorial, VAT, vat-in-tally-erp-9 0
After we have recorded the VAT Purchases and VAT Sales we need to audit the voucher entries against the physical documents in order to submit the VAT Returns accurately to the Sales Tax Department. So, to do this Tally Solutions has set a Register called VAT Register where all the Tax Invoices will be found […]
Venkkatesh K Uncategorized direct-tax, E-Filing, income-tax, India, questions-and-answers, Taxation 0
Filing Income Tax returns through Online is simple and easiest way. And most of the Assessees just opens their e-filing Account just one a year at the time of e-Filing their Income Tax returns. Few of them could forget their password to login. They can create a new password with Forgot Password feature. Reset Password […]
Venkkatesh K Uncategorized CST, indirect-tax, questions-and-answers, tally-erp-9, tally-tutorial, VAT, vat-in-tally-erp-9 0
Recently Andhra Pradesh State has been divided into Telangana State and Residuary Andhra Pradesh State governments and TIN Numbers also changed. Earlier the TIN Number was starting with 28 but after June 2 of 2014 year the TIN Number for Telangana state starts with 36 where as for Residuary Andhra Pradesh state it is 37. […]
Venkkatesh K Uncategorized India, indirect-tax, tally-erp-9, tally-tutorial, VAT, vat-in-tally-erp-9 0
We can record the Purchase Returns with VAT in Tally ERP 9 Accounting Software with the help of Debit Note Voucher by taking the Purchase Returns @ 5% and Output VAT @ 5% ledgers for the computation of VAT in the Books of Accounts. Purchase Return entry with Input VAT @ 5% in Tally ERP 9 […]
Venkkatesh K Uncategorized India, indirect-tax, tally-erp-9, tally-tutorial, VAT, vat-in-tally-erp-9 0
Recording the Sales Return entry with VAT is as similar as recording the Sales with VAT in Tally ERP 9 but here we need to take the Credit Note Voucher to record the Goods Return transaction in the Books of Accounts. Recording Sales Returns with Output VAT @ 5% in Tally ERP 9 In order to […]
Venkkatesh K Uncategorized India, indirect-tax, tally-erp-9, tally-tutorial, VAT, vat-in-tally-erp-9 0
Creating goods return ledgers (Sales Return and Purchases Return) in Tally ERP 9 Accounting Software is as similar as creating the Sales and Purchase Ledgers for VAT computation. Either, you can create your own set of separate ledgers for recording the Goods Returns in the Books of Accounts or you can use the existing Trading […]
Venkkatesh K Uncategorized India, indirect-tax, tally-erp-9, tally-tutorial, VAT, vat-in-tally-erp-9 0
Recording VAT Sales is similar to VAT Purchase entry but we need to consider the Output VAT Ledger instead of Input VAT ledger while creating the Accounting Voucher in Tally ERP 9 Accounting Software. VAT Sales Voucher entry using Sale Voucher Type in Tally ERP 9 Here I have created the Sales @ 5% VAT […]
Venkkatesh K Uncategorized India, indirect-tax, tally-erp-9, tally-tutorial, VAT, vat-in-tally-erp-9 0
Purchase transaction which includes VAT amount can be recorded in Tally ERP 9. Before that purchase ledger must have configure with appropriate VAT/Tax Class. And as well Input VAT ledger needs to be created for the computation of VAT for Sales Tax calculation. Purchases recorded with Input VAT in Tally ERP 9 So, here we […]
Venkkatesh K Uncategorized andhra-pradesh, India, indirect-tax, tally-erp-9, tally-tutorial, VAT, vat-in-tally-erp-9 2
In order to start accounting for VAT Commodities in Tally ERP 9 Accounting Software we must incorporate the VAT Commodity in the Stock Item while creating the Stock Item in Tally Software. Simply creating the VAT Commodity will not produce the Commodity wise Report but it must be activated in Inventory. VAT Commodity selected for […]