https://help.tallysolutions.com/docs/te9rel64/Tax_International/GCC_VAT/tax_for_delivery_of_goods_and_sales_in_different_months_gcc.htm

Account for Tax When Delivery of Goods and Sales are in Different Months | GCC VAT

You can record a journal voucher to raise the liability on the goods delivered in a particular month, if the sales are not recorded in the same month. , and reverse it after raising a sales invoice.

Record a delivery note

Record a journal voucher to raise the liability

Record a sales invoice

Record a journal voucher to reduce the tax liability

To record a delivery note

1. Go to Gateway of Tally > Inventory Vouchers > F8: Delivery Note .

2. Select the Party A/c name and Sales Ledger .

3. Select the stock item.

4. Provide the tracking number, Quantity and Rate .

5. Select the VAT ledger.

6. Press Enter to save.

To raise the tax liability using journal voucher

1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal .

2. Click J : Stat Adjustment and select the options as shown below:

3. Debit the non-VATable expenses ledger and enter the tax amount.

4. Credit the VAT ledger. In the GCC VAT Details screen, enter the Rate and Taxable Value .

5. The credit value for VAT ledger appears automatically.

6. Press Enter to save.

The VAT 201 report displays the tax amount for the month of July, as shown below:

To record a sales invoice against the delivery note of previous month

1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales .

2. Select the Party's A/c name . In the Party Details screen, select the tracking number of the Delivery Note .

3. The invoice details appear as provided in the delivery note.

4. Press Enter to save.

To reduce the tax liability calculated in the sales invoice

1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal .

2. Click J : Stat Adjustment and select the options as shown below:

3. Debit the VAT ledger and enter the amount. In the GCC VAT Details screen, enter the Rate and Taxable Value .

4. Credit the non-VATable expenses ledger and the amount appears automatically.

5. Press Enter to save.

The VAT 201 report displays the tax amount for the month of August, as shown below: