The Form H is used by sellers for claiming the exemption on making penultimate sales (immediately preceding sale to exports).
To enable VAT commodity and tax details at the masters level
1. Go to Gateway of Tally > F11: Features > F3: Statutory .
2. Set Enable Value Added Tax (VAT)? to Yes .
3. Enable the option Set/alter VAT details?
● Enable the option Define VAT commodity and tax details as masters?
● Press Ctrl + A to save.
Create VAT classification
1. Go to Gateway of Tally > Accounts Info. > Statutory Info. > VAT Classifications > Create .
2. Enter Name of VAT classification.
3. Select the Nature of Transactions as Deemed Export and enter Applicable From , Tax rate and Taxability , as required.
4. Press Ctrl + A to save.
To use VAT classification in the sales ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .
2. Select the party ledger in the field Party A/c Name .
3. Select Sales Account in the field Under .
4. Enable the option Set/Alter Statutory Details?
1. Set Is VAT/CST Applicable? to Applicable .
2. Enable Set/Alter VAT Details?
o Select Sales Made Against Form H(Deemed Exports) in the field Classification as shown below:
o Enter the Applicable from date.
o Press Ctrl + A to save.
5. Press Enter to save.
To record a sales voucher for sales against Form H
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales .
2. Select the party ledger in the field Party A/c Name .
3. S elect the ledger Sales Against Form H in the field Sales Ledger as shown below:
4. Select the required stock items enter the Quantity and Rate .
5. Press Enter to save.
Note: As an alternative, you can modify VAT classification by enabling the option Allow modification of tax details for VAT in F12: Configure in the sales invoice and select the nature of transaction as Deemed Exports .
'Recording Entry for Sales Against Form H (VAT)' has been shared with
