Recording Excise Adjustments (Excise for Manufacturer) Duty adjustments can be done using journal vouchers. To adjust duty using journal vouchers Gateway of Tally >...

Getting Started with Excise (Excise for Manufacturer) To get started, you have to enable the excise module in TallyPrime and enter your company’s excise registration details. To enable the feature of excise f...

Enable as manufacturer of only 2% goods If your business involves dealing with only goods taxable at 2%, then provision can be made to set this during excise registration. You can enable as manufacturer of only 2% goods in TallyPrime by f...

Configure Masters in TallyPrime (Excise for Manufacturer) You can configure masters in TallyPrime that are used in recording excise manufacturer transactions to meet your business requirement.   ...

Hierarchy of Considering Rates for Duty Details (Excise for Manufacturer) As we have seen, the duty details can be defined at different levels. Sometimes, there are chances of that the details entered vary at each level. In this case the ...

Create Stock Group in TallyPrime (Excise for Manufacturer) Excise details can be configured at stock group level. All items created under this group will inherit the excise tax details automatically. Updates and alterations to tax details...

Create Stock Item in TallyPrime (Excise for Manufacturer) While creating an excise stock item, duty details and conversion factor can be configured. In case the stock item is created under a group which as excise tax details, the same is ...

Create Tax Units in TallyPrime (Excise for Manufacturer) Excise manufacturers have to maintain excise tax units as per the CENVAT rules, and stock moving in and out of the stock unit has to be taxed. You can create Tax Units in TallyPrime...

Excise Classification and Excise Duty Classification (Excise for Manufacturer) Excise classification is the excise tariff master in which details of tariff, duty, notifications, and so on can be provided.   ...

Set Excise Details in TallyPrime (Excise for Manufacturer) Excise details such as tariff, non-dutiable classifications, MRP and so on can be configured at company level or as separate masters. To set tariff details...

Creating Excise Unit or Godown (Excise for Manufacturer) Godowns or excise units can be assigned to excise tax unit. This will help in tracking the excisable stock and also in printing ...

Defining Duty Rates (Excise for Manufacturer) Different businesses have different requirements. While some businesses  deal with a single stock item and single type of transaction, whereas some businesses deal with multiple stock ite...

Creating Duty Ledgers (Excise for Manufacturer) Duty ledgers in TallyPrime are used to record the value of excise duty charged in a transaction. The duty ledger can be created with rate of duty or without. To creat...

Excise Book and Serial Number (Excise for Manufacturer) The excise book can be created for Rule 11 Invoice, ARE-1, ARE-2 and ...

Rule 11 Book (Excise for Manufacturer) When excise for manufacturer is enabled in TallyPrime, a default Rule 11 book is provided and automatically selected in transactions. You can also create new rule 11 books while enabling excise manuf...

Creating Party Ledgers (Excise for Manufacturer) Parties who supply excise goods or raw material for manufacturing excise goods, and customer purchase such goods can be created as ledgers.   ...

Creating Purchase and Sales Ledgers (Excise for Manufacturer) Purchase and sales ledger are used to record the purchase and sales values in respective transactions. A report of purchase ledgers will give summary of all purchases in a give...

Creating Income or Expense Ledgers (Excise for Manufacturer) Ledgers created under direct expenses, indirect expenses, direct incomes, and indirect incomes, can be used to record incomes and expenses of the company. The income or expense ...

Recording Excise Purchase Transactions (Excise for Manufacturer) Excise purchase transactions in TallyPrime can be recorded with all required statutory details. National Enterprise is a manufacturer of different types of spectacles...

Recording Manufacture of Finished Goods (Excise for Manufacturer) When goods are manufactured, the same can be brought into the books as finished goods by recording a manufacturing journal.   ...

Record Excise Supplementary Invoice in TallyPrime (Excise for Manufacturer) Erroneously, when the excise duty charged in the original invoice is lesser than the duty that was supposed to be charged, the difference duty can be charged. Whe...

Selecting Excisable Item with Different Rates in Sale Invoice (Excise for Manufacturer) When a same excisable item is purchased with different rate of duty or duty per unit from different suppliers, it is advised to select item multiple t...

Recording Excise Sales (Inclusive of Tax) (Excise for Manufacturer) Excise sales transactions can be recorded with all required statutory details. On 07 April, 2020 National Enterprise made a cash sale of two Oval Eyeglasses, model...

Record Sales to 100% EoUs (Excise for Manufacturer) EOU stands for Export Oriented Unit. These units are engaged in manufacturing activity which are intended for exports.  Sales made to EOUs are treated as exports. To avoid duty on t...

Recording Excise Sales of Jewellery Goods (Excise for Manufacturer) You can record sale of jewellery for excise as per Rule 8 of the Articles  of Jewellery Rules, 2016, in TallyPrime. To record excise sales tr...

Recording Sale of Excisable Goods (Excise for Manufacturer) Sale of excisable goods in TallyPrime is recorded using a excise sales invoice. The excise sales invoice provides options to record all statutory information required in excise s...

Recording Sales at MRP Rate (Excise for Manufacturer) When goods are configured to be sold at MRP rate, tax is calculated on MRP in the sales invoice....

Record Availment of Partial CENVAT Credit (Capital Goods) – Excise for Manufacturer When purchasing raw materials (capital goods), the duty amount can be accounted for as an additional expense on the purchase. Later, there may be a ...

Accounting for Retained Goods (Excise for Manufacturer) When a portion of goods is retained by the manufacturer for self-consumption (for example: testing), the goods are treated by the excise department in the same way as goods that are ...

Recording Material In and Material Out Transactions (Excise for Manufacturer) Recording material in and material out transactions is...

Creating Excise Duty Liability on Goods Transferred or Retained Internally When excise goods are transferred or retained internally, excise duty liability is created and duty is paid against this liability. Ensure that you have set...

Sales to SEZs (Excise for Manufacturer) If sale is made to SEZ unit, the transaction is treated as an export, and the manufacturer does not issue a commercial invoice in foreign currency. For export sales to SEZs, the following Nature of ...

Accounting for Direct Exports (Excise for Manufacturer) While recording sales transaction for direct export of excisable goods, you can print ARE-1 along with rule 11 invoice. Record direct expo...

Generating Duty liability for goods transferred to another unit or retained (Excise for Manufacturer) Goods can be transferred to another unit or location owned by the same manufacturer. But when goods are moved from the manufacturing loc...

Excise Journal Adjustments In excise, the nature of adjustments are provided for various adjustment transactions involving excise duty or service tax, as required by the department. These help in capturing the value for each nature of adj...

Account Excise Duty Opening Balance Excise Duty Opening Balance can be recorded in TallyPrime through Excise Duty Opening Balance Journal voucher. The Excise Duty opening balance entry can be recorded on any day of the Financial Year....

Recording Excise Sales with CST (Excise for Manufacturer) In case your goods attract both excise and VAT/CST, both the tax can be levied while recording a transaction. National Enterprise sold Oval Eye Glasses model T1234 against F...

Recording Adjustment Towards Rule 10A (Excise for Manufacturer) When there is credit available for Additional Duty on Imports, and this credit amount is transferred from one unit to another, the adjustment transaction will be recorded usi...

Recording Adjustment Towards Rule 6 (Excise for Manufacturer) When raw materials purchased are used to manufacture goods that are exempt of duty, the CENVAT credit availed to the extent of goods utilised can be reversed as per Rule 6 of C...

Recording Availment of CENVAT Credit (Capital Goods) (Excise for Manufacturer) When purchasing raw materials (capital goods), the duty amount can be accounted for as an additional expense on the purchase. Later, there may be a need to acc...

Recording Availment of CENVAT Credit (Inputs) (Excise for Manufacturer) When purchasing raw materials (inputs), the duty amount can be accounted for as an additional expense on the purchase. Later, there may be a need to account it as CEN...

Recording Availment of Credit Under Rule 12BB (Excise for Manufacturer) When a Unit is registered as an LTU, and during any of the previous returns if the CENVAT credit was due to an arithmetical error or a typographical error  shown...

Recording Adjustment Towards Duty Liability (Excise for Manufacturer) Any existing CENVAT credit can be used to adjust the current CENVAT liability. To record an adjustment entry for duty liability ...

Recording Adjustment Towards Miscellaneous Payment (Excise for Manufacturer) Any existing CENVAT credit can be used to adjust the miscellaneous payment. To record an adjustment entry to adjust the current CENVAT li...

Recording Adjustment Towards Arrears (Excise for Manufacturer) Recording Adjustment Towards Arrears (Excise for Manufacturer) CENVAT credit available can be used to adjust any amount that has to be paid as arrears to the department. The a...

Recording Adjustment Towards Removal As Such (Capital Goods) (Excise for Manufacturer) Capital goods for which CENVAT credit has been availed is removed as such, then the clearance of such goods will attract duty. The duty being charged o...

Recording Adjustment Towards Removal As Such (Inputs) (Excise for Manufacturer) Raw materials which are used as inputs to manufacture finished goods, when removed as such, the clearance will attract duty. The duty being charged on this cl...

Accounting for Excise on Actual and Billed Quantity (Excise for Manufacturer) In an excise invoice, the actual quantity may include stock items which are free of cost. Billed quantity in such invoices excludes the stock items which are gi...

Enter Opening Balance of Service Tax in the Company Enabled for Manufacturer Excise You can enter the opening balance of service tax in a company enabled with excise for manufacturers, and capture it in Form ER 1 report. ...

Recording Excise Duty Payment (Excise for Manufacturer) The payment of excise duty can be done from the excise forms using the Stat Payment button. Payment of duty can be of the following types: Excise duty payment for...

Recording Payments and Filing Returns (Excise for Manufacturer) Before generating the returns form, the transaction for payment of excise duty to the department has to be recorded. The details of the transaction should appear in the retur...

Generating Form ER 1 (Excise for Manufacturer) Form ER 1 is a monthly return for production, removal of goods, other relevant particulars and CENVAT Credit. All the Exc...

Form ER 1 – Statistics of Vouchers (Excise for Manufacturer) Drill down from the statistics of vouchers report in TallyPrime to view the list of included transactions, excluded transactions, and uncertain transactions.  ...

Form ER 1 Computation (Excise for Manufacturer) The computation section in Form ER 1 report in TallyPrime gives the breakup of duty payable, and CENVAT credit available for given period. Duty Pa...

Generating Form ER 3 (Excise for Manufacturer) Form ER 3 is an excise unit wise report. This report provides complete information on the assessable value of all clearances, CENV...

Form ER 3 – Statistics of Vouchers (Excise for Manufacturer) Drill down from the statistics of vouchers in excise returns report in TallyPrime to view the list of included transactions, excluded transactions, and uncertain transacti...

Form ER 3 Computation (Excise for Manufacturer) The computation section in Form ER 3 report in TallyPrime gives the breakup of duty payable, and CENVAT credit available for given period. Duty Pa...

Generating Form ER 6 (Excise for Manufacturer) Form ER 6 is an excise unit wise report. This is a monthly report which provides details related to stock items identified as Prin...

Form ER 8 – Statistics of Vouchers (Excise for Manufacturer) Drill down from the statistics of vouchers in excise returns report in TallyPrime to view the list of included transactions, excluded transactions, and uncertain transacti...

Generating Form ER 8 (Excise for Manufacturer) Form ER 8 is an excise unit-wise report.  This report will list out all the transactions recorded in particular quarter. It provides complete informati...

Form ER 8 Computation (Excise for Manufacturer) The computation section in Form ER 8 report in TallyPrime gives the breakup of duty payable, and CENVAT credit available for given period. Duty Payable The assessable value a...

Re-Computing and Saving the Returns Forms (Excise for Manufacturer) Forms ER1, ER3, and ER6 report provides an option to save the report before exporting return details. A saved return form can be re-computed, overwritten and saved again ...

Payment Vouchers for Forms ER 1, ER 3, ER 8 (Excise for Manufacturer) The count of payment vouchers which are considered for Form ER 3 and Form ER 8...

Return Transaction Book for Forms ER 1, ER 3, ER 6, ER 8 (Excise for Manufacturer) The Return Transaction Book in TallyPrime displays the details of Form ER 1/ER2/ER-3/ER-6/ER-8 which were saved by ...

Form ER 8 – Jewel (Excise for Manufacturer) Form ER8 – Jewel is an excise unit wise report.  This report will list out all the transactions recorded in a particular quarter. It provides ...

Generating Form ER 8 – Jewel (Excise for Manufacturer) Form ER-8 – Jewel is a quarterly return to be filed by manufacturers who are clearing the goods which are charged excise duty at 1%. The...

Displaying Excise Credit Note, Rule 16 Register (Excise for Manufacturer) Details of the goods rejected using excise credit note will be captured in the Rule 16 Register. To displ...

PLA Register (Excise for Manufacturer) Personal Ledger Account (PLA) is an account through which assessee pays duty to the government. The PLA register ...

Annexure 10 (Excise for Manufacturer) The Annexure 10 report in TallyPrime displays details of CENVAT credit availed for the it...

Form ARE-1 (Excise for Manufacturer) Form ARE-1 is an application for removal of excisable goods for export by Air, Sea, Post or Land. This form is issued by a manufacturer or merchant when excisable goods are exported. ...

Form ARE-2 (Excise for Manufacturer) Form ARE-2 is an application for removal of excisable goods for export by Air, Sea, Post or Land. This form is issued by manufacturer or merchant when excisable goods are exported and claim of rebate o...

Form ARE-3 (Excise for Manufacturer) Form ARE-3 in TallyPrime is an application of removal of goods from a factory or a warehouse to another warehouse (A.R.E. 3) without payment of duty. Press Ctrl+P...

RG 23 Part I (Excise for Manufacturer) RG 23A Part I report in TallyPrime displays the inventory details of stock items (principal Inputs,  rule-16 returned goods, and capital goods)  for which CENVAT credits are availed. R...

RG 23A Part II (Excise for Manufacturer) RG 23A Part II report displays CENVAT credit availed on principal inputs, other inputs, and capital goods. To view ...

Viewing Daily Stock Register (Excise for Manufacturer) A registered manufacturer has to maintain duty details of finished goods in the form of a Daily Stock Register. Gateway of Tally >...

Incorrect CENVAT Credit Balance Displayed in Form ER1 (Excise for Manufacturer) When an excise purchase transaction with Basic Excise Duty and Special Excise D...

CT-1 Outstandings Report (Excise for Manufacturer) This report allows you to track pending goods to be delivered to merchant exporter using CT-1 numbers recorded in sales orders. CT-1 (certificate 1) is the certificate on the basis o...

CT-3 Outstandings Report (Excise for Manufacturer) This report allows you to track pending goods to be delivered to merchant exporter using CT-3 numbers recorded in sales orders. CT-3 (certificate 3) is the certificate on the basis o...

Viewing Challan Reconciliation (Excise for Manufacturer) The Challan Reconciliation report in TallyPrime can be used to enter the challan details for payment transactions. To view the Challan Reconciliation report...

Excise for Dealers You can click the following links for more information about excise for dealers. Introduction ...

Hierarchy of Considering Rates for Duty Calculation (Excise for Dealer) As we have seen, the duty rates for a stock item can be defined at various levels. TallyPrime checks the rate defined for a stock item in the following hierarc...

Enable Excise for Dealers and Configure the Options as Needed To get started, you have to enable the excise module in TallyPrime and enter your company’s excise registration details. Enabl...

Post Migration Pre-requisites – Dealer Excise After migrating data, as pre-requisites to adapt to the enhancements provided in TallyPrime Release, few following configurations have to be made. ...

Create Godowns/Excise Units, Stock Groups and Stock Items (Excise for Dealer) In order to create godowns, you have to ensure that the option Enable Multiple Excise Units is set to...

Enable and Create Tax Unit (Excise for Dealer) Business entities registered under service tax and excise may have branches with godowns at multiple locations. Each godown has to be registered under excise to identify the nature of purchas...

Define Tariff and Rate of Duty (Excise for Dealer) Different businesses have different requirements. Some businesses may deal with stock items falling under a single tariff and tax unit, whereas the others may have multiple tax units and ...

Create Party Ledger (Excise for Dealer) You can create a party ledger by entering the excise details. Gateway of Tally > Create > t...

Creating Purchase and Sales Ledger (Excise for Dealer) In TallyPrime, you can create purchase and sales ledgers to record your excise transactions. Purchase Ledger...

Create Excise Classification and Excise Duty Classification (Excise for Dealer) Excise classification is the excise tariff master in which details of tariff, duty, notifications, and so on can be provided. You can create user defined duty...

Record Excise Opening Stock (Excise for Dealer) You can record the transaction for opening and closing stock available in the excise godown.   Account for Excise Opening Stock...

Record Excise Purchase Invoice (Excise for Dealer) Excise purchases can be recorded in purchase invoice without linking the purchase Voucher Type to tax unit or excise godown. If multiple tax units are created by linking it to godowns, th...

Record Excise Sales Invoice (Excise for Dealer) Excise sales can be recorded in sales invoice without linking the sales Voucher Type to tax unit or excise godown. If multiple tax units are created by linking it to godowns, the same can be...

Record Stock Transfer Outward and Inward (Excise for Dealer) To transfer stock between two units of a business registered as excise dealer, ensure atleast two godowns linked to two tax units have to be created in the data. In case ...

Transfer Stock to Maintain Either Dealer or Importer Registration As per notification of excise [Notification No. 30/2016 – Central Excise (N.T.) dated 28/06/2016], a person who is registered as first stage dealer need not register ...

Excise Credit Note – Linked to Original Supplier (Excise for Dealer) Excise credit note can be recorded by linking it to the original supplier details. The reference number of excise sales invoice is entered in the excise cre...

Getting Started with Service Tax Service Tax is a tax levied by the central government of India on service providers on certain Service transactions. To get started with service tax using TallyPrime, you...

Record Excise Credit Note – Linked to Buyer (Excise for Dealer) Excise credit note can be recorded without linking the credit note Voucher Type to tax unit or excise godown. If mu...

Configure VAT Masters in TallyPrime Configuring VAT masters in TallyPrime is very simple. TallyPrime facilitates defining VAT details at different levels. This provides the convenience of ...

Record Excise Credit Note – Linked to Buyer (Excise for Dealer) Excise credit note can be recorded without linking the credit note Voucher Type to tax unit or excise godown. If mu...

Getting Started with Excise To get started, you have to enable the excise module in TallyPrime and enter your company’s excise registration details. To Enable Excise ...

Copy Default Accounting Details For stock items predefined with default purchase/sales ledger, you can copy the stock defaults of one item to another or a group. If the default accounting details include tax ledgers, the tax rate details ...

Record Excise Debit Note (Excise for Dealer) Excise debit note can be recorded without linking the debit note Voucher Type to tax unit or excise godown. If multiple tax units are created by linking it to godowns, the same can be selected ...

Record Excise Journal Voucher (Excise for Dealer) You can account for loss or damage of goods in excise journal voucher. Gateway of Tally > Vouchers...

Form 2 (Excise for Dealer and Importer) Form 2 report of dealer excise is an excise tax unit-wise report. It is designed to provide an overview of: The total vouchers recorded in a particular quarter. The duty...

Export Form 2 (Excise for Dealer) Form 2 can be exported in XML and Excel format. Gateway of Tally > Display More Reports >&#...

Duty Summary (Excise for Dealer) In Duty Summary report, the list of all excise clearances/issues made by raising Rule 11 invoice is...

Save, Re-compute, Overwrite, Save Corrected Form 2 Return (Excise for Dealer) You can save Form 2 return, overwrite it and, save as revised return. ...

RG 23D Register (Excise for Dealer) You can generate the RG 23D register for one item, all items and view it as sales bill-wise report. RG23D – All Items report...

Return Transaction Book (Excise for Dealer) The Return Transaction Book displays the list of saved returns. Each time the Form 2 ...

Excise for Importers You can click the following links for more information about excise for importers. ...

Enabling Excise for Importers You can enable excise for importers in TallyPrime by using the Press F11 (Features) > set Enable Excise...

Creating Masters for Excise (Excise for Importer) You can create the required accounting and inventory masters, to maintain transactions of excise for importer.   Excise Duty Ledger...

Defining Tariff Rates at Company, Group and Ledger Levels (Excise for Importer) Excise tariff rates can be applied at a company, group or ledger level as needed.   Define Tariff Rate...

Configuring Masters for Customs Duty (Excise for Importer) You can configure the ledger, group and voucher class for customs duty.    Configuring a Ledger for Customs Duty...

Creating Excise Book and Serial Number (Excise for Importer) The excise book can be created for Rule 11 Invoice, ARE-1, ARE-2 and ...

Recording Excise Purchase Invoice (Excise for Importer) You can record an excise purchase invoice in TallyPrime to capture your imports. Gateway of Tally > Vouch...

Recording Customs Clearance Pending Purchase Voucher (Excise for Importer) Imported goods will be stored in Customs Bonded Warehouse and released only after paying the Customs duty. Generally, importers pay the customs duty and withdraw g...

Recording Excise Purchase Invoice for Full Clearance of Stock in Dealer Unit (Excise for Importer) In TallyPrime, you can record an excise purchase invoice for full clearance of stock in dealer unit. Gateway of Tally...

Recording Excise Debit Note for Purchase Returns (Excise for Importer) When a purchase has been made and if the goods are returned cause they are damaged or any other reason, then a purchase return has to be recorded. In TallyPrime a debi...

Configure Statutory Details in Masters The master experience has been enhanced such that you can configure statutory details and get started with  the transactions within no time. Configura...

Recording Stock Transfer Journal in TallyPrime (Excise for Importer) Stock transfer happens in the following two scenarios: Closing stock lying in the dealer unit on 31st March 2014 upto the date of registration as Importer, ...

Recording Material In and Material Out Voucher (Excise for Importer) Businesses can have more than one warehouse for storing and maintaining goods. For an importer, if there are two units/warehouses and goods are moved from one unit to an...

Recording Excise Sales Invoice (Excise for Importer) In case where a company or trader imports goods and sells them to buyers, and then passes on the duty to the buyers, a Rule 11 invoice is generated. If the duty is not passed on to the ...

Recording Clearance Excise Sales (Excise for Importer) For the stock transferred from dealer unit to importer unit, the reference for clearance will be made available only in importer unit. Importer can pass on the Special Additional...

Accounting for Customs Duty Separately (Excise for Importer) You can account for customs duty separately in TallyPrime and not in the excise purchase invoice as it will add up to the supplier’s ledger. To acc...

Recording Excise Credit Note for Sales Returns (Excise for Importer) Sales returns have to be accounted when there is any return of sold goods. Sales returns are accounted for using credit notes. Gateway of Tally...

Creating Excise Stock Journal  (Excise for Importer) The excise stock journal voucher class is required only for the purpose of transferring stock from dealer unit to importer unit. Hence, while creating it, ensure the Registration T...

Configurations for Transactions (Excise for Importer) Several configurations for transactions related to excise for importers can be done in TallyPrime.   Enabling RG23D Regis...

Recording Journal Voucher to Account for Loss or Damage of Goods (Excise for Importer) Sometimes after purchase of goods there are chances that some of the purchased goods are damaged or there is a shortage in the quantity of goods delive...

Form 2 (Excise for Dealer and Importer) Form 2 report of dealer excise is an excise tax unit-wise report. It is designed to provide an overview of: The total vouchers recorded in a particular quarter. The duty...

Export Form 2 (Excise for Dealer) Form 2 can be exported in XML and Excel format. Gateway of Tally > Display More Reports >&#...

Duty Summary (Excise for Dealer) In Duty Summary report, the list of all excise clearances/issues made by raising Rule 11 invoice is...

Save, Re-compute, Overwrite, Save Corrected Form 2 Return (Excise for Dealer) You can save Form 2 return, overwrite it and, save as revised return. ...

RG 23D Register (Excise for Dealer) You can generate the RG 23D register for one item, all items and view it as sales bill-wise report. RG23D – All Items report...

Return Transaction Book (Excise for Dealer) The Return Transaction Book displays the list of saved returns. Each time the Form 2 ...

Configure Service Tax Masters You can configure service tax masters in TallyPrime in a matter of minutes. The application migrates all the service categories that are used in the previous version and also it retains all the tax det...