The procedure of recording the following sales transactions are explained here:
Taxable Sales with Additional Ledger
To create Sales Invoice,
Go to Gateway of Tally > Accounting Vouchers > F8: Sales > Select VAT & NHIL Invoice as the Voucher Type
Enter the reference in the Ref. field
Select the party ledger in the Party’s A/c Name field
In the Party Details screen, enter/modify the required details
Select Sales Ledger grouped under Sales Accounts and predefined with the VAT/Tax class - Sales @ 12.5%
The VAT/Tax Class appears as Sales @ 12.5%
Select the Name of Item from the List of Items. Enter the Quantity and Rate. The amount is automatically displayed in the Amount field
Select the output VAT ledger with the VAT/Tax class - Output VAT @ 12.5% and the value will be automatically calculated
Select the output NHIL ledger with the VAT/Tax class - Output NHIL @ 2.5%. The output NHIL will be calculated on the assessable value.
The field Show Statutory Details will be set to No which can be enabled to view the breakup of assessable value and tax amount
Press Y or Enter to accept the sales invoice.
Go to Gateway of Tally > Accounting Vouchers > F8: Sales > Select VAT & NHIL Invoice as the Voucher Type
Enter the reference in the Ref. field, if required
Select the required party ledger in the Party’s A/c Name field
In the Party Details screen, enter/modify the required details
Select Sales Ledger with the VAT/Tax class - Sales @ 12.5%
The VAT/Tax Class appears as Sales @ 12.5% automatically as it is defined in the ledger master
Select the Name of Item from the List of Items. Enter the Quantity and Rate. The amount is automatically displayed in the Amount field
Similarly select the required stock item, enter the Quantity and Rate. The amount is automatically displayed in the Amount field
Select the additional expense or income ledger (for e.g., Packing Charges) and enter the amount
Select the output VAT ledger with the VAT/Tax class - Output VAT @ 12.5% and the value will be automatically calculated
Select the output NHIL ledger with the VAT/Tax class - Output NHIL @ 2.5%. The output NHIL will be calculated on the assessable value.
Set the field Show Statutory Details as Yes to view the breakup of assessable value inclusive of additional incomes/expenses, the output VAT and output NHIL for each stock item. Press Alt+F1 to view the detailed screen.
Accept the Statutory Details screen
Accept the sales invoice.
Go to Gateway of Tally > Accounting Vouchers > F8: Sales > Select Sales as the Voucher Type
Enter the reference number in the Ref field
Select the required party ledger in the Party’s A/c Name field
Select Sales Ledger with the VAT/Tax class - Sales – Exempt
The VAT/Tax Class appears as Sales – Exempt as it is defined in the ledger master
Select the Name of Item from the List of Items. Enter the Quantity and Rate. The amount is automatically displayed in the Amount field
The field Show Statutory Details will be set to No
Press Y or Enter to accept and save.
Go to Gateway of Tally > Accounting Vouchers > F8: Sales > Select Sales as the Voucher Type
Enter the reference number in the Ref field
Select the required party ledger in the Party’s A/c Name field
Select Sales Ledger with the VAT/Tax class - Sales – Zero Rated
The VAT/Tax Class appears as Sales – Zero Rated as it is defined in the ledger master
Select the Name of Item from the List of Items. Enter the Quantity and Rate. The amount is automatically displayed in the Amount field
The field Show Statutory Details will be set to No
Press Y or Enter to accept and save.
'Sales' has been shared with
