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https://help.tallysolutions.com/docs/te9rel51/Tax_India/Excise_Mfg/Purc_Sale_VAT.htm

Purchase and Sales Ledgers

To create a purchase ledger

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

  2. Enter the Name of the purchase ledger.

  3. Select Purchases  from the List of Groups in the field Under.

  4. Set the option Inventory values are affected to Yes.

  5. Select the Rounding Method, as required.

  6. Set the option Is VAT/ CST Applicable to Applicable.

  7. Enable the option Set/ Alter VAT/ CST Details to define tariff details for this ledger, if required.

  8. Set the option Is Excise Applicable to Applicable.

  9. Enable the option Set/ Alter Excise Details to define tariff details for this ledger, if required.

  10. Select the required Duty/Tax in the field Include in Assessable Value Calculation for.

  11. Select the required Method of Calculation.

  1. Press Enter.

To create a Sales Ledger

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

  2. Enter the Name of the sales ledger.

  3. Select Sales from the List of Groups in the field Under.

  4. Set the option Inventory values are affected to Yes.

  5. Select the Rounding Method, as required.

  6. Set the option Is VAT/ CST Applicable to Applicable.

  7. Enable the option Set/ Alter VAT/ CST Details to define tariff details for this ledger, if required.

  8. Set the option Is Excise Applicable to Applicable.

  9. Enable the option Set/ Alter Excise Details.

  10. Select the required Duty/Tax in the field Include in Assessable Value Calculation for.

  11. Select the required Method of Calculation.

  1. Press Enter.

Click a link below to configure the purchase/ sales ledger:

Configuring Selection of Tariff Type

Configuring Tax Calculation based on MRP

Selecting Multiple Duty Details