In VAT Act, under Part II of Second Schedule the goods exempted form payment of VAT are listed.
Example of Exempted goods are:
Cut flowers, and flower buds, fresh.
Tomatoes, fresh or chilled.
Potato, other than potato seed, fresh or chilled.
Mushroom, Sweet Corn, etc.
To create the sales voucher for Exempt Sales,
Go to Gateway of Tally > Accounting Vouchers > F8: Sales
In Change Voucher Type screen select Not Applicable in Class field.
Enter the Reference Number and Date.
Select the Party’s A/c Name from the List of Ledger Accounts.
Select the Sales Ledger with the VAT/Tax class - Sales - Exempt.
The VAT/Tax Class appears as Sales - Exempt.
Select the Name of Item from the List of Items. Enter the Quantity and Rate.
Select the Type of Device, the Device number will be captured automatically. Maximum of 20 characters is allowed for Device No. field.
In Brief Desc for VAT field, enter the brief description of the goods being sold.
Enter the details in the field Narration, if required.
Press Y or Enter to accept and save.
Note: The assessable value of purchases made using taxable VAT/Tax classification Sales - Exempt is captured in box 4 - Exempt Sales (in Value EXCL. VAT) of Form VAT 3.
'Sales Exempt (Kenya)' has been shared with
