To create an Output VAT Ledger,
Go to Gateway of Tally > Accounts Info. > Ledgers > Create
Enter the Name of the Output VAT ledger
In the Under field, select Duties & Taxes from the List of Groups
Select VAT in the Type of Duty/Tax field
In VAT Sub Type select Output VAT from the List of VAT SubTypes screen
Select the output VAT classification in the VAT/Tax Class field
The Percentage of Calculation and the Method of calculation will be displayed based on the VAT/Tax Class selected.
Accept the output VAT ledger.
Note: The VAT/Tax Classifications pertaining to output tax will be displayed for selection based on the State and the Type of Dealer pre-defined in the F3: Statutory & Taxation Features. The VAT/Tax classifications displayed for output tax in this example pertains to Karnataka State.
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