To record a payment voucher for generating payment challan follow the steps given below:
Go to Gateway of Tally > Accounting Vouchers > F5: payment
In the payment voucher, press Stat Payment button (Alt + S) to enter the Statutory Payment Details.
Select the Type of Duty/Tax as VAT.
Set Auto Fill Statutory Payment to No.
Press Enter to accept the Statutory Payment sub-screen.
In the Payment Voucher, select the Bank account in Account field.
Under Particulars, select Composite Tax Payable ledger (grouped under Current Liabilities) and enter the tax amount.
Set Provide Details field to Yes for entering the details in VAT Payment Details screen.
In the VAT Payment Details screen,
Enter the from and to dates in Period From field.
Select the Type of Payment as Not Applicable.
Enter the Deposit Date, DD Cheque No. and Name of issuing Bank.
Accept the VAT Payment Details screen. Enter the cheque number in payment voucher.
Press Y or Enter to accept and save.
'Payment of Composite VAT' has been shared with
