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

Sale of Capital Goods

The Value Added Tax is chargeable at the rate of 12% on capital goods sold to Registered Persons.

Go to Gateway of Tally > Accounting Vouchers > F8: Sales > Select the Voucher Type as Tax Invoice

  1. Enter the reference in the Ref. field.

  2. Select the party ledger in the Party’s A/c Name field.

  3. In the Party Details screen, enter/modify the required details.

  4. Select Sales Ledger grouped under Sales Accounts and predefined with the VAT/Tax class - Sales @ 12% (Capital Goods).

  5. The VAT/Tax Class appears as Sales @ 12% (Capital Goods).

  6. Select the Name of Item from the List of Items. Enter the Amount.

  7. Select the output VAT ledger with the VAT/Tax class - Output VAT @ 12% (Capital Goods) and the value will be automatically calculated.

  8. The field Show Statutory Details will be set to No which can be enabled to view the breakup of assessable value and tax amount.

  1. Press Y or Enter to accept the tax invoice.

Note: The gross assessable value of sales recorded using the VAT/Tax class - Sales @ 12% (Capital Goods) is captured in Standard Rated Supplies column of box 6. The output VAT entered using the VAT/Tax class - Output VAT @ 12% (Capital Goods) is captured in Output Tax Due.

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