Sir How can I Implement VAT Duty & Excise Duty on Tally ERP software
Hi there,
You can create accounting vouchers to record sales with VAT and excise duty.
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Go to Gateway of Tally > Accounting Vouchers > F8: Sales.
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Press Ctrl+E to use it as an excise sales invoice.
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Enter the reference number in the Reference no. field.
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Select the required Tax Unit.
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Select the Excise Book Name.
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Select the party ledger in the field Party’s A/c Name.
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Select the sales ledger grouped under Sales Accounts. In the sales ledger, set the options Is VAT/CST Applicable? and Is Excise Applicable? to Applicable.
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Select the required nature of the transaction in the VAT Classification Details screen.
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Select the required stock item.
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Select the Godown, enter the Quantity and Rate in the Stock Item Allocation screen.
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Select the excise duty ledger.
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Select the common VAT ledger.
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Enter Narration, if required.
Hope this might help you on your learning journey. Keep learning.