Creating a Sales Invoice (Composition Tax)

To create sales invoice for sale of taxable goods,

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

1. Select the Party’s A/c Name from the List of Ledger Accounts.

2. Select Sales Ledger grouped under Sales Accounts with VAT/Tax class - Sales - Composition Tax @ 4%.

3. The VAT/Tax class appears as Sales - Composition Tax @ 4%.

4. Select the stock items from the List of Items

5. Enter the Quantity and Rate. The amount is automatically displayed in the Amount field.

6. Set Is e-Sugam Applicable to Yes/No as per requirement.

7. Accept the Sales invoice.