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 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 tally-erp-9, tally-tutorial, VAT, vat-in-tally-erp-9 1
The VAT Dealers can generate monthly VAT Computation Report to trace out the VAT Liability or VAT Refundable amount and can submit a summary report of Purchases and Sales pertaining to that month to the Commercial Taxes Department. VAT Computation Report In the manual accounting processing we need to check all the Invoices, Debit and […]
Venkkatesh K Uncategorized CST, Statutory Forms, tally-tutorial, VAT, vat-in-tally-erp-9 0
Tally accounting software allows us to record the C Form information like Series Number, Form Number, and Date of Issue in respect of each Inter-state Invoice. It helps us to record and maintain CST Statutory information. After the C Forms are obtained from the Computerized Dealers Service Center it is better to record the information […]
Venkkatesh K Uncategorized tally-erp-9, tally-tutorial, vat-in-tally-erp-9 1
Tally ERP 9 enables you to check how much amount of VAT is levied on individual Commodity. Absolutely you can watch this under Statutory Reports in Tally ERP 9. Apart VAT Computation for a specific period you can see VAT Amount and information about each and every Stock Item using VAT Commodity reports. You can […]
Venkkatesh K Uncategorized tally-erp-9, tally-tutorial, vat-in-tally-erp-9 0
Are you facing problem in preparing VAT Return Forms for submitting to the Commercial Tax Department? May it would be Monthly VAT Returns Form, Quarterly Purchases or Sales Forms of VAT Dealers or TOT Dealers. Most of you would be doing this reporting by getting the various VAT Forms from the Commercial Tax Department and […]
Venkkatesh K Uncategorized tally-erp-9, tally-tutorial, vat-in-tally-erp-9 0
Verifying the Invoice details before submitting VAT Returns is the most important thing that a Tax Consultant must do. He/she must make proper changes to the Voucher entries of concerned Invoices in Tally ERP 9. So, to do this Tally Solutions has set a platform called VAT Register where all the Tax Invoices are placed […]
Venkkatesh K Uncategorized tally-erp-9, tally-tutorial, vat-in-tally-erp-9 0
Sales Return transactions are entered through Credit Note Voucher in Tally Accounting Business Software Package. Here we are recording a Sales Returns transaction by taking Taxation and Inventory in effect. As this is the one of the accounting transactions, to record this in Tally it is grouped under Transactions in Gateway of Tally screen. Transactions […]
Venkkatesh K Uncategorized questions-and-answers, tally-erp-9, vat-in-tally-erp-9 2
VAT Taxable Sales voucher entry can be done using any one of two methods in Tally ERP 9 Using Voucher Class Without using Voucher Class For this you need to have Cash/Debtor Ledger, Sales Ledger, Output VAT Ledger, Stock Item (optional), and Sales Expenses Ledger (optional). In the first method you can directly make the […]
Venkkatesh K Uncategorized questions-and-answers, tally-erp-9, tally-tutorial, vat-in-tally-erp-9 0
Taxable Purchase voucher entry can be done using two methods in Tally ERP 9. Using Voucher Class. Without using Voucher Class. For this you need to have Cash/Creditor, Purchase @ 5%, Input VAT @ 5%, Stock Item, and Purchase Expenses Ledgers. If you are maintaining account without Inventory then leave the Stock Item creation and […]