https://help.tallysolutions.com/docs/te9rel64/Tax_India/VAT/vat_masters/BR_Pur_Sale.htm

Purchase, Sales and Additional Expense/Income Ledger (VAT)

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 ledgers, define different tax rates in the purchase and sales ledger masters.

Purchase Ledger

Common Purchase Ledger

To create a common purchase ledger

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .

2. Enter the Name of the purchase ledger.

3. Select Purchase Accounts in the Under field.

4. Set the option Inventory values are affected? to Yes .

5. Set Is VAT/CST Applicable? to Applicable .

6. Set the option Type of Ledger to Not Applicable .

Note: The option Type of Ledger is provided based on the state specific requirements of VAT/CST forms and annexures. It appears based on the State selected in Company VAT Details screen. In this example, Bihar is selected as the State .

7. Press Enter to skip the field Set/Alter VAT Details? .

The Ledger Creation screen is displayed as shown below:

8. Press Enter to save.

Ledger with Purchase Nature of Transaction and Tax Rate

To create a ledger defined with Nature of Transaction and tax rate

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .

2. Enter the Name of the purchase ledger.

3. Select Purchase Accounts in the Under field.

4. Set the option Inventory values are affected? to Yes .

5. Set the option Type of Ledger to Not Applicable .

Note: The option Type of Ledger is provided as per the requirements of state specific return forms and annexures. This option is provided for Bihar .

6. Set Is VAT/CST Applicable? to Applicable .

7. Set the option Set/Alter VAT Details? to Yes . In the VAT Details screen,

8. Set the Classification option to:

o Undefined if unique tax rate and commodity details have to be defined.

o Any of the user-defined VAT Classification . Once it is applied, all the other options disappear and the cursor returns to the Ledger Creation screen.

9. Select the Nature of Transaction .

10. Enter the Tax rate .

Note: The option Additional Tax appears on selecting the State as Uttar Pradesh in the Company VAT Details screen.

The VAT Details screen appears as shown below:

11. Press Ctrl+A to accept.

Ledger Creation for Uttarakhand VAT

In the Ledger Creation screen of the company enabled for Uttarakhand VAT, the additional options of Is Sales Tax applicable? and Set/alter sales tax cess? appear as shown below, if cess feature is enabled in the Company Operations Alteration screen:

Set the rate of cess in the Sales Tax Cess screen and press Enter to save.

Sales Ledger

Common Sales Ledger

To create a common sales ledger

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .

2. Enter the Name of the sales ledger.

3. Select Sales Accounts in the Under field.

4. Set Inventory values are affected? to Yes .

5. Set the option Type of Ledger to Not Applicable .

Note: The option Type of Ledger is provided based on state specific requirements of VAT/CST forms and annexures. It appears based on the State selected in the Company VAT Details screen. In this example, Bihar is selected as the State .

6. Set Is VAT/CST Applicable? to Applicable .

7. Press Enter to skip the field Set/Alter VAT Details? The Ledger Creation screen appears as shown below:

8. Press Enter to save.

Ledger with Sales Nature of Transaction and Tax Details

To create a ledger defined with nature of transaction, commodity details, and tax rate

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .

2. Enter the Name of the sales ledger.

3. Select Sales Accounts in the Under field.

4. Set Inventory values are affected? to Yes .

5. Set Is VAT/CST Applicable? to Applicable .

6. Enable the option Set/Alter VAT Details? .

7. Select the required Classification in VAT Details screen. In the VAT Details screen,

Set the Classification to:

o Undefined if unique tax rate and commodity details have to be defined.

o Any of the user-defined VAT Classification . Once it is applied, all the other options will disappear and the cursor returns to the Ledger Creation screen.

Select the Nature of Transaction .

Enter the Tax rate .

Note: The option Additional Tax appears on selecting the State as Uttar Pradesh in the Company Creation screen.

The VAT Details screen appears as shown below:

Press Enter to save, and return to the Ledger Creation screen.

8. Press Ctrl+A to accept.

Sales Ledger for Uttarakhand VAT

In the Ledger Creation screen of company enabled for Uttarakhand VAT, the additional options of Is Sales Tax applicable? and Set/alter sales tax cess? appear as shown below, if cess feature is enabled in the Company Operations Alteration screen:

Set the rate of cess in the Sales Tax Cess screen and press Enter to save.

Discount Ledger

To create an additional expense/income ledger

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .

2. Enter the Name of the ledger .

3. Select Indirect Expenses in the Under field.

4. Set the option Inventory values are affected? to No .

5. Select the Type of Ledger as Discount .

Note: The option Type of Ledger is provided based on the state specific requirements of VAT/CST forms and annexures. It appears based on the State selected in the Company VAT Details screen. In this example, Bihar is selected as the State .

The Ledger Creation screen appears as shown below:

6. Press Enter to save.

Click here for options provided in purchase, sale and additional expense/income ledgers as per state specific requirements of VAT/CST returns and annexures.