To create sales tax ledger
Go to Gateway of Tally > Accounts Info > Ledgers > Create
Enter the Name of the ledger, for e.g., Sales Tax @ 10%
In the Under field, select the Duties & Taxes from the List of Groups
Select the Type of Duty/Tax as Sales Tax from the List of Types of Duty/Tax
Select the required Sales Tax Class, for e.g., Sales @ 10% from the Sales Tax Class list
Note: If the Sales Tax Class is not selected at the ledger level by selecting Not Applicable, the same can be selected during voucher entry.
The option Inventory values are affected will be set to No by default
The Percentage of Calculation will be set based on the Sales Tax Class selected, for e.g., 10%
The Method of Calculation will be automatically set to On Sales Tax Rate
Accept the screen to save.
Similarly, the ledger created to account for tax on purchase displays as shown:
Accept the ledger creation screen.
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