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 […]
Venkkatesh K Uncategorized accounting-software, India, indirect-tax, tally-erp-9, tally-tutorial, VAT, vat-in-tally-erp-9 4
When you are dealing with VAT in Tally ERP 9, it is the best way to create VAT Commodity for a group of Stock Items which are covered under VAT Schedule by the Commercial Tax Department of the concerned State. And Tally allows you to manage the VAT Commodity wise accounting. VAT Commodity Creation for […]
Venkkatesh K Uncategorized tally-erp-9, tally-tutorial, vat-in-tally-erp-9 3
Apart, Trading Account ledgers like Purchases and Sales ledgers we need to create Input VAT and Output VAT ledgers for every Trading Ledger. And this is the common way of VAT computation where Invoice amount will be divided into Assessable and VAT amounts. The Assessable amount will be recorded in the Trading ledgers where as […]
Venkkatesh K Uncategorized tally-erp-9, tally-tutorial, vat-in-tally-erp-9 2
At the time of creating Trading Accounts like Purchases and Sales Ledgers in Tally ERP 9 Accounting Software, we must configure those Ledger Accounts with the appropriate VAT/Tax Class. As soon as we update the Company with the VAT information in Statutory Features, trading ledger accounts will automatically shows the Statutory Information in the Ledger […]
Venkkatesh K Uncategorized Legal Documents, letter-drafting, questions-and-answers 8
When we applied for a PAN Card, we get that through Registered Post to the Communication address mentioned in the Application form. But what happens when we fail to receive the PAN Card due to went to vacation holidays or some other reason. Your local Post Man will return the Document to the sender address. […]
Venkkatesh K Uncategorized tally-erp-9, tally-tutorial, vat-in-tally-erp-9 0
Every business organization, who deals with Sale of Goods needs to pay off the VAT to the State Government as per VAT rules. So, you must know the amount of VAT Tax to pay off against the Assessable Value that you compute for a specific period. You can start this article after reading About VAT […]
Venkkatesh K Uncategorized Accounting, Accounting Term 0
Accounting or Accountancy is the process of transforming the Book-Keeping data into understandable financial information about a business entity to users such as shareholders and management. The communication between the Accountants and Management generally in the form of Financial Statements that show in money terms. The art lies in selection of Information that is relevant […]
Venkkatesh K Uncategorized andhra-pradesh, CST, E-Filing, e-Returns, India, Statutory Forms, VAT 0
In order to obtain the Statutory Forms from the Commercial Tax Department, our Dealer Account must have the required Credit Balance at the Computerized Dealer Service Center(CDSC) to request for various Statutory Forms likes C Forms, F Forms, H Forms. Way Bills, etc., Cash Ledger statement generated in AP Commercial Tax Department website If you […]
Venkkatesh K Uncategorized tally-erp-9, tally-tips, tally-tutorial 1
As on 2nd June the Andhra Pradesh state has been divided into residual Andhra Pradesh state and Telangana state. All the Statutory and Accounting methods for State Taxation are also need to be maintained as per the Rules and Acts of the corresponding states. In connection with that Tally ERP 9 Accounting Software has also […]