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Change VAT Rate in TallyPrime

Change VAT Rate in TallyPrime

The VAT rate already defined at the company level, stock group level, ledger level and stock item level can be changed or altered in the respective level. You can easily change VAT rate in TallyPrime. 

Change the VAT Rate in TallyPrime at the Company Level

  1. Press F11 (Features) > set the option Enable Value Added Tax (VAT) to Yes.
  2. Enable the option Set/alter tax/rate details.
    • Press Alt+W (Details), and enter the required VAT rate with the required applicable period and accept the Tax/Rate Details screen.
  3. Accept the screen. As always, you can press Ctrl+A to save.

Change the VAT Rate at the Stock Group Level

  1. Gateway of Tally > Alter> type or select Stock Group.
    Alternatively, press Alt+G (Go To) > Alter Master > type or select Stock Group.
  2. Select the required group.
  3. Enable the option Set/alter VAT details.
    Press F12(Configure) > setSet VAT details asYes.
    If you do not see this option:
    • Set Show more configurationstoYes.
    • Set Show all configurationstoYes.
  5. Press Alt+W (Details), and enter the required VAT rate with the required applicable period.
  6. Press Enter to save.
  7. Accept the Stock Group Alteration screen. As always, you can press Ctrl+A to save.

Change the VAT Rate at the Stock Item Level

  1. Gateway of Tally > Alter > Stock Item.
    Alternatively, press Alt+G (Go To) > Alter Master > type or select Stock Item.
  2. Select the required stock item.
  3. Enable the option Set/alter VAT details.
    Press F12(Configure) > setSet VAT details asYes.
    If you do not see this option:
    • Set Show more configurationstoYes.
    • Set Show all configurationstoYes.
  5. Press Alt+W (Details), and enter the required VAT rate with the required applicable period
  6. Press Enter to save.
  7. Accept the Stock Item Alteration screen. As always, you can press Ctrl+A to save.

Change the VAT Rate at the Ledger Level

  1. Gateway of Tally > Alter > Ledger.
    Alternatively, press Alt+G (Go To) > Alter Master > type or select Ledger.
  2. Select the required ledger purchase, sales or tax ledger.
  3. Enable the option Set/alter VAT details.
    Press F12(Configure) > setProvide VAT Details for Ledgers asYes.
    If you do not see this option:
    • Set Show more configurationstoYes.
    • Set Show all configurationstoYes.
  5. Press Alt+W (Details), and enter the required VAT rate with the required applicable period
  6. Press Enter to save.
  7. Accept the Ledger Alteration screen.As always, you can press Ctrl+A to save.

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