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https://help.tallysolutions.com/docs/te9rel51/Tax_International/Kenya_VAT/exports.htm

Exports

Under VAT Act, export of taxable goods and services are exempted from payment of VAT.

To create the Sales voucher on Export of goods,

Go to Gateway of Tally > Accounting Vouchers > F8: Sales

Click F12: Configure and set the option - Specify Export Shipping Details to Yes.

  1. In Change Voucher Type screen select Not Applicable in Class field.

  2. Enter the reference number in the Ref. field.

  3. Select the Party’s A/c Name from the List of Ledger Accounts.

  4. In the Party Details screen, under Export Details, provide information in Port of Discharge and Country To fields.

  5. Select the Sales Ledger with the VAT/Tax class - Exports.

  6. The VAT/Tax Class appears as Exports.

  7. Select the Name of Item from the List of Items. Enter the Quantity and Rate.

  8. In the Forex Rate of Exchange field, enter the Rate of Exchange. The amount is automatically displayed in the Amount field.

  1. Select the Type of Device, the Device number will be captured automatically. Maximum of 20 characters is allowed for Device No. field.

  2. Enter the Export Entry number.

  3. In Brief Desc for VAT field, enter the brief description of the goods being sold.

  4. The field Show Statutory Details will be set to No which can be enabled if required.

  1. Accept the sales invoice.

Note: The assessable value of purchases made using taxable VAT/Tax classification Exports is captured in box 4 - Exempt Sales (in Value EXCL. VAT) of Form VAT 3.

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