Consignment Transfer Inward (VAT) You can create vouchers for the stock received as consignment purchases by selecting the nature of transaction Consignment Transfer Inward. This nature of transac...

Purchase From Composition Dealer (VAT) You can record purchases from composition dealers by selecting the nature of transaction Purchase from Composition Dealer. This nature of transaction is prov...

Labour Charges Paid on Interstate Purchases (VAT) You can account for labour charges paid as a separate interstate purchase transaction by selecting the nature of transaction Interstate Labour Charges Paid...

Purchase on High Seas (VAT) You can record purchase of goods on high seas by selecting the nature of transaction Purchase High Seas. This nature of transaction is provided for Assam, Dadra & N...

Interstate Purchase Deemed Export (VAT) You can record the interstate transactions treated as deemed exports by selecting the nature of transaction Interstate Purchase Deemed Export. This nature o...

Purchases of Non-Creditable Goods (VAT) You can record purchases of non-creditable goods by selecting the nature of transaction Purchases Non-Creditable. This nature of transaction is provided for Dadra & Nagar Haveli and Daman...

Interstate Purchase Exempt Against Form E1 (VAT) You can record interstate purchases of exempt goods by selecting the nature of transaction Interstate Purchase Exempt – E1. This nature of tr...

Interstate Purchase Exempt – With Form C (VAT) You can record interstate purchases against Form C at 0% CST. Interstate purchases have to be taxed at 0% CST rate against Form C ...

Interstate Purchases Against Form E1 (VAT) You can record interstate purchases against Form E1 by selecting the nature of transaction Interstate Purchase – E1. This nature of transaction is ...

Purchases of Schedule H Items (U/s 19(1)) (VAT) You can record purchases of schedule H goods by selecting the nature of transaction Purchases – Schedule H Items (U/s 19(1)). This nature of t...

Interstate Purchases Against Form E2 (VAT) You can record interstate purchases against Form E2 by selecting the nature of transaction Interstate Purchase – E2. This nature of transaction is ...

Tax Free Purchases (VAT) You can record purchases of tax free goods by selecting the nature of transaction Purchase – Tax Free. This nature of transaction is provided for Chandigarh, Delhi, ...

Taxable Interstate Purchases (VAT) You can record interstate purchases of taxable goods by selecting the nature of transaction Interstate Purchase – Taxable. This nature of transaction is pr...

Interstate Purchase of Works Contract (VAT) You can record interstate purchase of works contract by selecting the nature of transaction Interstate Purchase – Works Contract. This nature of t...

Zero Rated Interstate Purchases (VAT) You can record interstate purchases of zero rated goods by selecting the nature of transaction Interstate Purchase – Zero Rated. This nature of transact...

Purchase with Transfer of Right to Use (VAT) You can record purchases by selecting the nature of transaction Purchase Transfer of Right to Use. This nature of transaction is provided for Odisha an...

Labour Charges Paid (VAT) You can account for labour charges as a separate purchase transaction by selecting the nature of transaction Labour Charges Paid. This nature of transaction is provided f...

Import of Goods Under VAT You can record a voucher for import of goods under VAT in TallyPrime by selecting the nature of transaction Imports. This nature of transaction is provided for Andhra Pra...

Non-Creditable Purchase of Special Goods (VAT) You can record non-creditable purchases by selecting the nature of transaction Non-Creditable Purchase – Special Goods. This nature of transact...

Interstate Purchases Against Form C (VAT) You can record interstate purchases against Form C by selecting the nature of transaction Interstate Purchase – Against Form C. This nature of trans...

Purchases Treated As Deemed Exports (VAT) You can record purchases treated as deemed exports by selecting the nature of transaction Purchase Deemed Export. This nature of transaction is provided f...

Purchase of Capital Goods Taxable at Notional Rate (VAT) Purchase of capital goods is recorded as purchase of fixed assets. Some capital goods are notionally taxable on which input tax credit can be availed. This nature of transact...

Other Purchases Under VAT You can record purchases of any other goods or say other purchases under VAT by selecting the nature of transaction Purchase Others. This nature of transaction is provide...

Zero Rated Purchases (VAT) You can record zero rated purchases under VAT or say, purchases of zero rated goods by selecting the nature of transaction Purchase – Zero Rated. This nature of tr...

View VAT, Excise, Service Tax Reports | Use Extensions to View Reports You can view VAT, Excise, and Service Tax reports in TallyPrime, using the free extensions. Just download the required extension from ...

Annual Return Summary (VAT) This section provides a summary of all the periodic returns for the year based on the transactions and returns available in the books. The number of returns included for annual return, of which, how many are mo...

Challan Reconciliation Report (VAT) All the tax payment vouchers recorded for paying VAT and CST dues and other liabilities are displayed in Tax Payment Reconciliation report. For each payment, the bank and challan details have to be prov...

Particulars of Computation Details for Annual Return (VAT) The Particulars of Computation Details for Annual Return (VAT) section displays the transaction values considered in the returns and annexures along with the amount of liability, ...

How to ensure that commodity details for stock items appear correctly in VAT reports? When stock item details are specified in both item masters, and at the ledger level, the same commodity details are displayed for all stock items in VAT...

Summary of Exceptions (VAT) Vouchers with incomplete/mismatch in information list includes voucher that contain VAT or CST related information but are not included in the count of Included in returns/annexures...

VAT Reports VAT Reports is the returns that you will require to file based on the guidelines from the Department. Depending on the location or State where your business is established, you as a registered dealer will need to...

Defining Tax Rates at Company Level (VAT) This topic covers how to define tax rates at the company level and create a common VAT ledger. The VAT rate defined at the company level will be automatically applied while recording sales ...

Defining Tax Rates at Group Level (VAT) You can define tax rates as a group level, and create a stock item under the defined VAT rate. ...

Overwrite Return Form in TallyPrime (VAT) When returns are modified, recomputed, overwritten or saved, they have to be recomputed before overwriting or saving as revised to update values modified. Follow the steps to overwrite Retu...

Defining Tax Rates at Ledger or Stock Item Level (VAT) For businesses dealing with multiple items having different tax rates, VAT rates can be configured at the ledger level, and stock item level. ...

Particulars of Computation Details (VAT) This Particulars of Computation Details section displays the transaction values considered in the returns and annexures along with the amount of liability, input credit, adjustments, and VAT/CST pa...

VAT Rate Setup The VAT Rate Setup tool maintains the history of tax rates configured for the company. This tool helps to configure VAT and CST rates of all stock groups and items. If there are multiple stock items, this tool makes ...

Exporting e-VAT Tax Payment Details – Form VAT R1 (Haryana) You can export tax payments transactions with details of deposits made to the bank to an Excel template and then import the Excel into the R1 e-return utility tool. ...

Exception Resolution in TallyPrime (VAT) With Exception Resolution in TallyPrime, you can view the exceptions related to masters and transactions, and resolve them.   No. of voucher ...

Payment Details for Annual Return (VAT) This section contains statistics of all VAT and CST payment vouchers of the current period. Payments made to party, petty expenses, or any statutory payments other than that of VAT or CST are not di...

Return Transaction Book (VAT) The Return Transaction Book displays the list of Saved Returns. Follow the below path to view the the same. Gateway of Tally > Display Mo...

Saving Annual Return as Revised (VAT) When periodic returns are modified, recomputed, overwritten or saved, the annual return has to be recomputed before overwriting or saving as revised to update the values modified. Press...

VAT – FAQ This topic includes the frequently asked questions on VAT. ...

Saving Return Form as Revised in TallyPrime (VAT) When periodic returns are modified, it has to be recomputed before overwriting or saving as revised to update values modified. To save Return Form as revised in TallyPrime, follow t...

Saving Annual Return (VAT) You can save the annual return form before or after resolving exceptions. If any master or transaction is modified or added after saving the return, the values can be recomputed. Follow the two-step proce...

Save the Return (VAT) When periodic returns are modified, you need to re-compute them before you go on to overwrite or save the return (VAT) as revised to update the modified values. You can save the return (VAT) in TallyPrime....

Country, State, and Dealer Type Mismatch or Not Specified (VAT) In a VAT return form, the exception Country, state, and dealer type mismatch/not specified displays...

Difference Between Alt+E: Export and Ctrl+E: Export buttons (VAT) The button Alt+E (Export) is the default option provided in TallyPrime to export data in different for...

Adjustments and Payment (VAT) Bookmark this topic for links to all topics related to VAT adjustments and payments in TallyPrime. Adjustment of Turnover Input T...

Statistics of Vouchers Section of VAT Returns Form in TallyPrime There are sub-sections in the section Statistics of Vouchers in VAT Returns form in TallyPrime, and this topic will provide you with information on those sub-sections. ...

CST Forms Issuable Report in TallyPrime A registered dealer needs to issue certain declarations in prescribed forms to suppliers. The Forms Issuable report displays the declaration forms to be issued by the dealer at any given point of ti...

Decrease of Input Tax (VAT) You can record a journal voucher for decrease of input tax. Gateway of Tally > Vouchers > press&#...

Overwrite Annual Return Form (VAT) When periodic returns are modified, recomputed, overwritten or saved, the annual return has to be recomputed before being overwritten or saved as revised to update values modified. Follow the step...

CST Forms Receivable A registered dealer needs to receive certain declarations in prescribed forms from buyers. The Forms Receivable report displays the declaration forms to be received...

Decrease of Output Tax (VAT) You can record a journal voucher for decrease of output tax. Gateway of Tally > Vouchers > press...

File VAT Returns Different states in India use different methods for filing periodic VAT returns. The different methods used by commercial taxes departments across India are: Print format Online form update ...

Decrease in Sales (VAT) You can record a journal voucher for decrease in sales. Gateway of Tally > Vouchers > ...

Display Commodity Codes for Stock Items in All Invoices (VAT) As per the hierarchy of picking VAT details for reports, first the ledger is considered, followed by account group, and then the stock item. Hence, if the commodity code is def...

Increase of Output Tax (VAT) You can create a journal voucher for the increase in output tax. Gateway of Tally > Vouchers > press F7 ...

Are tax payment vouchers listed in total number of transactions section of VAT report? Yes. Tax payment transactions are included in the list of Total Number of Transactions. Also, tax payment tra...

CST Declaration Forms A registered dealer needs to issue/receive certain declarations in prescribed forms to buyers/sellers. The types of CST declaration forms are C, E1, E2, F, H, I and J. These forms are printed and supplied by the regi...

Payment Details in Report (VAT) This section contains statistics of all VAT and CST payment vouchers of the current period. Payments made to party, petty expenses, or any statutory payments other than VAT or CST are not displayed here....

Increase of Tax Liability (VAT) You can create a journal voucher for increase of tax liability. Gateway of Tally > Vouchers > press F7 ...

Returns Summary in TallyPrime (VAT) Returns Summary in TallyPrime provides a summary of all transactions recorded in the reporting period. The transactions are further classified based on the presence of VAT details in the vouchers and th...

Reducing Tax Liability (VAT) You can record a journal voucher to capture the reduction of tax liability due to prior payments. Gateway of Tally > Vouchers...

Record Interstate Transactions against Declaration Forms A registered dealer needs to issue/receive declarations like C, E1, E2, F, H, and I in prescribed forms to buyers/sellers depending on the nature of interstate transactions. ...

Reversal of Input Tax (VAT) Reversal of input tax can be recorded by creating a journal voucher. Use Reversal of Input Tax as the Nature of Adjustment and debit the expenses under the group Indirect Expenses. Gateway ...

Interstate Sales Taxable in TallyPrime (VAT) This topics explains how to record interstate sales against Form C and interstate sales with multiple CST rates.   Interstate sales at 0%...

Increase in Input Tax (VAT) You can record a transaction for increase in input tax in journal voucher. Gateway of Tally > Vouchers >...

Taxable Sales in TallyPrime (VAT) You can record taxable sales in TallyPrime by creating a voucher for sales of items attracting tax, with the VAT rates specified either at the stock item level or at the stock group level. ...

Refund of Input Tax (VAT) You can record a journal voucher for input tax refund. Gateway of Tally > Vouchers > press ...

Sales with VAT Based on Quantity for Petrol and Diesel (VAT) In TallyPrime, you can record sales with VAT based on quantity of petrol and diesel by charging VAT on the basis of quantity. Ledger for VAT on quantity ...

Override Assessable Value and Tax Rate (VAT) You can override assessable value and tax rate in TallyPrime. You just need to configure VAT details to allow modification or overriding of the assessable value and tax rate in invoices. ...

Decrease of CST (VAT) You can create journal vouchers to record decrease in CST value. Gateway of Tally > Vouchers > press
...

Sales with VAT and Excise in TallyPrime You can create accounting vouchers to record sales with VAT and excise duty. Gateway of T...

Input Tax Credit Admitted on Capital Goods (VAT) You can record input tax credit admitted on capital goods by creating a journal voucher. Gateway of Tally > Accounting ...

Tax on Purchase from Unregistered Dealers (VAT) You can account for tax on purchase from unregistered dealers by creating a journal voucher. Gateway of Tally > V...

Sales – Works Contract (VAT) Record sales works contract details in vouchers with Sales – Works Contract as the Classification / Nature. This nature of transaction is...

Deemed Exports in TallyPrime (VAT) You can record the sales treated as deemed exports in TallyPrime by selecting the nature of transaction Deemed Export. This nature of transaction is provided for Assam, Chandigarh, Dadra & Nag...

Input Tax Adjustment for Purchases from URDs (VAT) You can create a journal voucher to record input tax adjustment for purchases from URDs or unregistered dealers. This will help you account for tax credit on such purchases. ...

Sales Inclusive of Tax in TallyPrime (VAT) Create sales voucher to record sales inclusive of duties and taxes. To record sales inclusive of tax   1. ...

Payment Voucher (VAT) You need to create payment vouchers to account for different types of payments made in the business. The value of VAT payable and VAT ledger balance should match for the system to automatically pick VAT payabl...

Sales at MRP (VAT) You can create sales voucher with VAT on MRP. 1.Gateway of Tally > Vouchers > press F8...

Purchase Return (VAT) Record purchase returns in debit notes for taxable goods. Gateway of Tally > Vouchers > press F10 (Other Vouchers) > t...

Sales with Additional Ledger (VAT) You can record sales with additional ledger in TallyPrime by creating sales vouchers with the customer ledgers and VAT or CST details, as applicable. Gateway of Tally&...

Sales Returns (VAT) When doing sales returns create credit notes against the original invoice. Gateway of Tally > Vouchers > press F10 ...

Exports (VAT) You can record vouchers for exports of goods by selecting the nature of transaction Exports. This nature of transaction is provided for Andhra Pradesh, Assam, Bihar, Chandigarh, Chha...

Notional Input Tax Credit (VAT) You can record notional tax credits on capital goods and non-capital goods, in a journal voucher for Chandigarh VAT. Gateway of Tally > ...

Displaying MRP in Invoice in TallyPrime (VAT) Maximum Retail Price (MRP) for a stock item can be enabled and VAT can be calculated on the MRP, if required. However, the MRP of a stock item can be displayed in the invoice whether VAT is ca...

Interstate Branch Transfer Outward (VAT) You can create vouchers for the stock transferred to branch office outside the state by selecting the nature of transaction Interstate Branch Transfer Outward....

Reversal of Notional Tax Credit (VAT) You can record a journal voucher to reverse the notional tax credit for Chandigarh and Punjab. Gateway of Tally > Vouchers...

Record Entry for Sales Against Form H (VAT) The Form H is used by sellers for claiming the exemption on making penultimate sales (immediately preceding sale to exports)....

Adjustment of Turnover (VAT) You can create a journal voucher to account for the adjustment of turnover for Maharashtra VAT. In the old e-filing template of Maharashtra, for composition tax, there was a provision to capture the ded...

VAT Sales Bookmark this topic for links to all topics related to VAT sales. Branch Transfer Outward ...

Adjustment Towards TDS Certificate (VAT) You can create a journal voucher to account for adjustment towards TDS certificate for Jharkhand VAT. Gateway of Tally > Vouchers &g...

Branch Transfer Outward (VAT) You can create vouchers for the stock transferred to branch office within the state by selecting the nature of transaction Branch Transfer Outward. This nature of tra...

Interstate Consignment Transfer Outward in TallyPrime (VAT) You can create vouchers for the stock transferred as consignment sales outside the state by selecting the nature of transaction Interstate Consignment T...

Increase in Notional Input Tax (VAT) You can create a journal voucher to account for the increase in notional tax credit for Punjab VAT. Gateway of Tally > Vouchers > pre...

Consignment Transfer Outward (VAT) You can create vouchers for the stock transferred as consignment sales by selecting the nature of transaction Consignment Transfer Outward. This nature of transa...

Input Tax Adjustment Towards Purchase Tax on Schedule H Items (VAT) You can create a journal voucher for input tax adjustment towards purchase of schedule H goods for Punjab VAT. Gateway of Tally ...

Interstate Deemed Export (VAT) You can record the interstate sales treated as deemed exports by selecting the nature of transaction Interstate Deemed Export. This nature of transaction is provided...

Opening Balance of Purchase Tax (VAT) You can create a journal voucher to account for the opening balance of purchase tax for Karnataka VAT. Gateway of Tally > V...

Interstate Labour Charges Collected (VAT) You can account for labour charges paid as a separate interstate sales transaction by selecting the nature of transaction Interstate Labour Charges Collected....

Interstate Sales Exempt (VAT) You can record sales of exempt goods by selecting the nature of transaction Interstate Sales Exempt. This nature of transaction is provided for Andhra Pradesh, Assam,...

Interstate Sales High Seas (VAT) You can record sale of goods on high seas by selecting the nature of transaction Interstate Sales High Seas. This nature of transaction is provided for Himachal Pr...

Interstate Sales – Others (VAT) You can create vouchers for other interstate sales of VAT. This nature of transaction is provided for Rajasthan. Gateway of Tally > Vouchers...

Interstate Sales – Tax Free (VAT) You can create vouchers for other interstate sales of tax free goods. This nature of transaction is provided for Assam, Dadra & Nagar Haveli and Daman & Diu, Haryana, Jharkhand, Madhy...

Interstate Sales – Works Contract (VAT) Record sales works contract details in vouchers with Interstate Sales – Works Contract as the Classification / Nature. This na...

Interstate Sales – Zero Rated (VAT) You can record sales of zero rated goods by selecting the nature of transaction Interstate Sales – Zero Rated. This nature of transaction is provide...

Interstate Transfer Outward – Principal (VAT) You can create vouchers for the stock transferred to branch office within the state by selecting the nature of transaction Interstate Transfer Outward – P...

Interstate Sales – E1 (VAT) You can record interstate sales against Form E1 by selecting the nature of transaction Interstate Sales – E1. This nature of transaction is provided for And...

Labour Charges Collected (VAT) You can account for labour charges as a separate sales transaction by selecting the nature of transaction Labour Charges Collected. This nature of transaction is pro...

Interstate Sales – E2 (VAT) You can record interstate sales against Form E2 by selecting the nature of transaction Interstate Sales – E2. This nature of transaction is provided for And...

Sales Transfer of Right to Use – Exempt (VAT) You can record interstate sales selecting the nature of transaction Sales Transfer of Right to Use – Exempt. This nature of transaction is...

Sales Zero Rated (VAT) You can record sales of zero rated goods by selecting the nature of transaction Sales Zero Rated. This nature of transaction is provided for Assam, Chandigarh, Dadra & N...

Interstate Sales Exempt – E1 (VAT) You can record interstate sales against Form E1 by selecting the nature of transaction Interstate Sales Exempt – E1. This nature of transaction is pr...

Sales – Works Contract – Ongoing (VAT) You can record an invoice for ongoing works contract of sales, for Maharashtra. Gateway of Tally > Vouchers...

Sales Exempt – On Going (VAT) You can record exempt on-going sales by selecting the nature of transaction Sales Exempt – On Going. This nature of transaction is provided for Maharashtra. Gateway of ...

Interstate Sales Exempt – With Form C (VAT) You can record interstate sales against Form C at 0% CST using Interstate Sales Exempt – With Form C. Interstate sales have to be taxed at 0...

Sales Transfer of Right to Use (VAT) You can record interstate sales selecting the nature of transaction Sales Transfer of Right to Use. This nature of transaction is provided for Bihar, Kerala, O...

Sales Exempt – Works Contract (VAT) You can record exempt on-going works contract sales by selecting the nature of transaction Sales Exempt – Works Contract. This nature of transaction...

Sales Taxable – On Going (VAT) You can record taxable on-going sales by selecting the nature of transaction Sales Taxable – On Going. This nature of transaction is provided for Assam a...

Interstate Sales – Against Form C (VAT) You can record interstate sales against Form C by selecting the nature of transaction Interstate Sales – Against Form C. This nature of transact...

Sales Exempt – Works Contract – Ongoing (VAT) You can record exempt on-going works contract sales by selecting the nature of transaction Sales Exempt – Works Contract – Ongoing....

Sales – Tax Free (VAT) You can create vouchers for tax free sales. This nature of transaction is provided for Assam, Dadra & Nagar Haveli and Daman & Diu, Chandigarh, Madhya Pradesh, Maharashtra and Punjab. ...

Sales Exempt (VAT) You can record sales of exempt goods by selecting the nature of transaction Sales Exempt. This nature of transaction is provided for Andhra Pradesh, Assam, Bihar, Chandigarh, Ch...

Sales – Others in TallyPrime (VAT) You can record other sales of VAT. This nature of transaction is provided for Assam, Dadra & Nagar Haveli and Daman & Diu, Gujarat, Karnataka, Madhya Pradesh, Rajasthan, Uttar Prades...

Sales High Seas (VAT) You can record sale of goods on high seas by selecting the nature of transaction Sales High Seas. This nature of transaction is provided for Assam, Dadra & Nagar Haveli a...

You can create vouchers for non-creditable sales. This nature of transaction is provided for Delhi. Gateway of Tally > Vouchers...

View VAT, Excise, Service Tax Reports | Use Extensions to View Reports You can view VAT, Excise, and Service Tax reports in TallyPrime, using the free extensions. Just download the required extension from ...

Introduction to Value Added Tax (VAT) Value Added Tax (VAT) is the tax levied at every level of value addition done to a stock item. The tax paid for acquiring the item is allowed as Input Tax Credit. On selling this item, the VAT payable...

Enable VAT in TallyPrime You can enable VAT in TallyPrime for a state by using the F11 (Features) of the company. In the Company VAT Details screen, you can provide all the required det...

State-Specific Options for Configuring VAT You can provide state-specific tax details while enabling VAT. In the Company VAT Details screen, press F12 (Configure) and ensure that the following options are set to Yes. ...

Configuring VAT in an Accounts Only Company You can maintain only accounting books in your company, where you don’t have to track inventory details and generate inventory reports. Also, an accounts only company can be fully VAT comp...

VAT Masters, Transactions, and Reports This page lists the topics related to VAT masters, transactions, and reports. ...

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. ...

View the History of VAT Rates VAT details can be defined according to the date of applicability. The details defined for different periods of time can be viewed from the stock item master alteration screen. Gateway of...

Hierarchy of VAT Details in Reports VAT rate and other tax details are picked from reports in the following order or hierarchy: VAT classification when linked to accounts and inventory masters Ledger Account...

Stock Group in TallyPrime (VAT) You can create stock groups in TallyPrime for classifying items based on common features. You can also apply a common tax rate for all items in a stock group. To create stock group in TallyPrime for ...

Stock Group for all States (VAT) You can create stock groups for classifying items based on common features. You can also apply a common tax rate for all items in a stock group. In the VAT Details screen of the stock group (display...

Stock Item in TallyPrime (VAT) Stock items are tradeable goods. You can create a stock item in TallyPrime, and select the same in transactions. Stock items can be created with MRP applicable globally or for specific state. To creat...

Stock Item for all States (VAT) Stock items are the primary entity for trade (sell and purchase). Stock items can be created with MRP applicable globally or for a specific state. In the VAT Details screen of the stock item (display...

Party Ledger in TallyPrime (VAT) You need to create party ledgers in TallyPrime to use party details in the process of business transactions. Party ledger in TallyPrime can be created for interstate or intrastate parties, and VAT/CST deta...

Purchase, Sales and Additional Expense/Income Ledger (VAT) Creating ledgers in TallyPrime is very simple. You can create a common purchase ledger for all types of purchases without defining tax details in the purchase ledger master. The s...

Purchase, Sales, Additional Ledger for all States You can create a common purchase ledger for all types of purchases without defining tax details in the purchase ledger master. The same can be done for common sales ledgers. For separate l...

VAT, CST, Additional Tax, Surcharge, and Cess Ledgers in TallyPrime Crating tax ledgers in TallyPrime is simple. You can create VAT ledgers under Duties & Taxes or ...

VAT Classifications You can create user defined classification with VAT details. Gateway of Tally > Create > type or select&#...

Create VAT Classification with State-Specific Details You can create VAT classification with tax and commodity details for all states. In the Stat Classification Creation screen, press F12 (Configure) and set all the options to Yes. ...

Commodity Code and Name Picked From Ledger and Not Stock Item If commodity code and name are defined in both ledger and stock item, they get picked from ledger. Reason When commodity name and code are configured in sales or ...

Adding Additional Ledger Value to Stock Item Value in Purchase Invoice (VAT) You can configure the ledger to add the values of additional ledger selected in purchase invoice to stock item value. You can do this by ...

Interstate Purchases (VAT) You can record interstate purchases against Form C and interstate purchases with multiple CST rates. Interstate purchases have to be taxed at 0% CST rate against Form C when: It is a transit ...

Purchase of Works Contract (VAT) Record purchase works contract details in vouchers with Purchase – Works Contract as the Nature of Transaction. Deduction can be claimed for tax c...

Taxable Purchases (VAT) You can create vouchers for the purchase of items attracting tax, with the VAT rates specified either at the stock item level or at the stock group level. Purchases Attra...

Purchase from Unregistered Dealer (VAT) You can record purchases from unregistered dealers by selecting the nature of transaction Purchase from Unregistered Dealer....

Interstate Purchase Exempt (VAT) You can record interstate purchases of exempt goods by selecting the nature of transaction Interstate Purchase Exempt. This nature of transaction is provided for A...

Purchase of Capital Goods (VAT) Purchase of capital goods are recorded as fixed assets and is taxable. Input tax credit can be availed. This nature of transaction is provided for Andhra Pradesh, Assam, Bihar, Chandigarh, Chhattisga...

Tax Free Interstate Purchases (VAT) You can record interstate purchases of tax free goods by selecting the nature of transaction Interstate Purchase – Tax Free. This nature of transaction is...

Purchase with Additional Expense (VAT) You can record the additional expenses incurred in a purchase invoice. For example, packing charges. 1.Gateway of Tally > Vouche...

Interstate Purchase with Transfer of Right to Use (VAT) You can record interstate purchases of tax free goods by selecting the nature of transaction Interstate Purchase Transfer of Right to Use. T...

Branch Transfer Within the State (VAT) You can create vouchers for the stock received in branch office within the state by selecting the nature of transaction Branch Transfer Inward. This nature o...

Purchase of Exempt Goods (VAT) You can record purchases of exempt goods by selecting the nature of transaction Purchase Exempt. This nature of transaction is provided for Andhra Pradesh, Assam, Bi...

Interstate Branch Transfer Inward (VAT) You can create vouchers for the stock received in the branch office from outside the state by selecting the nature of transaction Interstate Branch Transfer Inward...

Purchase of Exempt Capital Goods (VAT) Purchase of exempt capital goods can be recorded by selecting the nature of transaction Purchase Exempt – Capital Goods. This nature of transaction is ...

Interstate Consignment Transfer Inward (VAT) You can create vouchers for the stock received as consignment purchases from outside the state by selecting the nature of transaction Interstate Consignment Transfer I...

Exempt Purchases of Works Contract (VAT) You can record exempt purchases of works contract by selecting the nature of transaction Purchase Exempt – Works Contract. This nature of transaction...