If the company is trading in multiple items attracting single VAT rate, the VAT rate defined in Company VAT Details screen can be considered for calculation.
To create a local sales invoice for taxable goods with multiple VAT rates
Go to Gateway of Tally > Accounting Vouchers > F8: Sales
Enter sales invoice number in Ref field.
Select Party's A/c Name from the List of Ledger Accounts.
Select the common sales ledger grouped under Sales Accounts in which the option Is VAT/CST Applicable is enabled, and Set/Alter VAT Details is disabled.
Select Sales Taxable as the Nature of Transaction.
Select the required stock items whose tax rates are defined either at the stock item level or group level. Enter the required Quantity and Rate for each.
Below the stock item, the selected classification will appear along VAT rate and assessable value on which the tax is calculated.
Note: The stock item is not configured for tax inclusion and MRP
Select the common VAT ledger grouped under Duties & Taxes which has its options specified as follows:
Use for Purchase Tax is disabled.
Percentage of Calculation is set as zero.
Press A:Tax Analysis. The tax break-down of each item appears as shown below:
Note: Since the second item selling rate falls in the taxable category as specified in in the stock item master, 5% VAT rate is applied on the second item selling rate
Press Enter to save.
Press Enter to save.
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