Creating Duty Ledgers (Excise for Manufacturer)

Duty ledgers are used to record the value of excise duty charged in a transaction. The duty ledger can be created with rate of duty or without.

To create a CENVAT duty ledger

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

2. Enter the Name of the duty ledger.

3. Select Duties and Taxes from the List of Groups in the field Under .

4. Select the Type of duty/tax .

5. Select the required Duty Head from the List of Duty Heads . All duty masters created will be displayed in the List of Duty Heads .

6. Enable the option Maintain balances bill-by-bill , if required.

7. Enter the Default credit period , if required.

8. Enter the Percentage of Calculation if the duty ledger is created for a specific rate of duty. To use it as a common duty ledger, enter the percentage as zero or leave it blank.

9. Select the required Rounding Method .

10. Press Enter .

The completed duty ledger creation screen appears as shown below:

11. Press Enter to save.