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Round-off Sales Invoice Value Under GCC VAT
As per law, the VAT amount must be calculated on the VAT rate applicable for each stock item. In accordance with this, in TallyPrime, the VAT amount gets calculated on the VAT rate applied for e...
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GCC VAT
You can easily comply with GCC VAT using TallyPrime. Refer to the following sections for details.
Activate GCC VAT for Your Company
To use...
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Purchases Under GCC VAT
After activating GCC VAT for your company, you can record different kinds of purchases such as domestic purchases, purchases from designated zones, purchases from unregistered dealers, purchase of capital goods, an...
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Sales Under GCC VAT
After activating GCC VAT for your company, you can record different kinds of sales such as domestic sales, sales within GCC countries, sales to overseas tourists, and so on. You can also print the tax invoice with rate...
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Record Sales and Print Invoices as per FTA (for UAE)
You can record and print sales invoice in English, Arabic or Bilingual (English and Arabic) as per FTA by selecting the new print format. TallyPrime provides you the flexibility to reco...
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Round-off Sales Invoice Value Under GCC VAT
As per law, the VAT amount must be calculated on the VAT rate applicable for each stock item. In accordance with this, in TallyPrime, the VAT amount gets calculated on the VAT rate applied for e...
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Receipts, Payments and Adjustments Under GCC VAT
Advances Received Under GCC VAT
You can record the advance amount received from customers in a receipt v...
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GCC VAT Reports
Audit File Report for GCC VAT
The Federal Tax Authority (FTA) on time to time basis will request certain accounting information from busi...
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Resolve Mismatch in GCC VAT Transactions
The Uncertain Transaction (Corrections needed)bucket in the Return Summary section of the VAT Return report lists the number of vouchers that are not included in the returns due to exceptions in in...