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https://help.tallysolutions.com/docs/te9rel51/Tax_International/Botswana/Enabling_Botswana_VAT.htm

Enabling Botswana VAT

Creating a Company by Selecting Statutory Compliance for Botswana

Go to Gateway of Tally > Alt + F3: Cmp Info > Create Company

In the Company Creation screen

  1. The Directory path appear by default which can be changed as per requirement

  2. Enter the Name of the company as National Traders

  3. In the Mailing & Contact Details section specify the details as given below:

  • The Name entered for the company gets captured as the Mailing Name.

  • Enter the Address details of National Traders

  1. In the Statutory compliance for field select the Country as Botswana from the List of Countries

  1. Specify the Telephone and Mobile number

  2. Enter the E-mail address that will be used to e-mail documents, reports and data from Tally.ERP 9

  3. Set Enable Auto Backup to Yes for enabling the automatic backup of Tally.ERP 9 data (per company). Else, set this to No.

  4. Enter the TallyVault Password if required to secure the data. This basically results in the creation of an encrypted company whose information is not accessible to users other than the password holder.

  5. Under Company Details,

  6. The Currency symbol will be set to P on selecting the Statutory Compliance for Botswana.

  7. The Maintain field select Accounts with Inventory from the Type of Company as it a trading company.

  8. In the Financial Year from field, the first day of the current financial year (of 12 months) for e.g., 1-4-2011 will be displayed by default. This can be changed to 1-7-2011.

  9. For Books beginning from, the date entered in Financial Year from field gets displayed. This can be changed if required as per the date on which business was started.

  1. Set Use Security Control to Yes for a password-protected system, else set it to No. Setting it to Yes will control access to Tally.ERP 9 data.

  2. In Base Currency Information section set Show Amount in Millions to Yes and accept the other details.

  1. Press Y or Enter to accept and save.

Enabling Value Added Tax

To enable VAT,

Go to F11: Features > F3: Statutory & Taxation Features

  1. Press Enter on the Statutory & Taxation option

  2. Set Enable VAT to Yes

  3. Select the Type of Business as Regular

  4. Enter the VAT Applicable from date as 1-7-2011

  5. Enter the VAT registration number in VAT TIN field

  6. Enter the name of the Authorised Signatory and the designation in Capacity fields.

  1. Press Y or Enter to accept and save the Company Operations Alteration screen.

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