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https://help.tallysolutions.com/docs/te9rel49/Dealer_Excise/Charging_Duty_on_Excise_Sales.htm

Charging Duty on Excise Sales

 

Some Dealers will issue Excise Sales invoice by charging the duty i.e by selecting the Duty ledgers in the excise sales invoice.

 In Tally.ERP 9 duty charging entry can be recorded by selecting Duty ledgers in Excise Sales. When the duty ledgers are selected in sales voucher, Tally.ERP 9 displays the Excise Duty/Cess paid while purchasing the stock item based on the Supplier Invoice selected in the Supplier Details screen & will not calculate the Excise Duty/Cess on the Sales Amount.

Example: On 6-1-2011, ABC Company sold 100 kgs of Hot Rolled Coils @ 1250 per Kg to Decora Equipments.

Record the Transaction in Excise Sales Voucher

Go to Gateway of Tally > Accounting Vouchers > F8: Sales

  1. Select Excise - Sales Voucher type from the list of Voucher Types.

  2. Enter Ref. details as 968.

  3. In Excise Unit field Tally.ERP 9 displays ABC Company, as selected during voucher type creation

  4. Select the Party’s A/c Name from the List of ledgers e.g. Decora Equipments

  5. The Buyer’s Details screen accept the default Despatch, Order, VAT/Excise & Buyer  Details in corresponding fields.

  6. In Sales Ledger field select the sales ledger. Based on the sales ledger selected VAT/Tax Class will be displayed automatically.

  7. Under Name of Item field select the stock item - Hot Rolled Coil & press enter to view Supplier Details screen

  8. In Supplier Details screen, select the bill SI/6035 dated 4-1-2011. In Quantity Utilised field specify the Quantity Sold - 100 kg

  1. Specify the Rate as 1250. Amount will be calculated and displayed automatically

  2. Select Basic Excise Duty @ 10% ledger as duty is charged on the sales. Duty Passed on the sale of the item will be displayed automatically.

  1. Similarly select Education Cess @ 2% & Secondary Education Cess @ 1% ledger to charge cess on sales.

Note: Observe when the duty ledgers are selected in sales voucher, Tally.ERP 9 displays the Excise Duty/Cess paid while purchasing the stock item based on the Supplier Invoice selected in the Supplier Details screen & will not calculate the Excise Duty/Cess on the Sales Amount.

  1. Select Output VAT ledger to account Vat on the sales

The completed Excise Sales Voucher is displayed as shown

  1. Press Enter to accept.

Rule 11 generated for Duty Charged Excise Sales appears as shown

 

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