To enable the Value Added Tax feature and provide the details required for filing returns
1. Go to Gateway of Tally > F11: Features > Statutory & Taxation
The Company Operations Alteration screen appears as shown below:
2. Set Enable Value Added Tax (VAT) to Yes.
3. Enable Set/Alter VAT Details.
4. Press Enter to view the VAT Details screen.
In the VAT Rate/Inventory Details screen,
1. Select the state as Tamil Nadu from the List of States (if the state is not selected in the Company Creation screen).
2. Enter VAT TIN.
3. Enter Inter-state Sales Tax Number.
4. Enter the starting date for VAT applicability in VAT applicable from.
5. Enable the option Set/alter VAT rate/inventory details to specify the vat rate and other inventory details in Tax/rate Details screen. if the company is trading in multiple stock items attracting a single VAT rate and CST rate.
In the Tax/Rate Details screen,
Click F12:Configure
In the Configuration screen,
Enable the option Set CST rate to Yes.
Enable the option Set type of goods to Yes.
Set the option Provide commodity details to Yes.
Set the option Provide schedule details to Yes.
Press Enter to save.
Enter the required CST rate in Against Form C field.
Enter the required Tax rate and Tax Type.
Select the required Schedule and Type of Goods.
Enter Commodity name and Commodity Code.
Press Enter to save.
6. Set the option Define VAT commodity and tax details as masters to Yes.
7. Set the option Enable New Annexures for exporting and filing the new e-VAT returns.
8. Enter other required additional informations such as Assessment Circle, Division, Area Code, Import Export Code, Authorised by, Authorised Person, Status/Designation and Place.
9. Press Enter key to save the Company VAT Details screen.
5. Enter the PAN/Income - Tax No.
6. Enter the Corporate Identity No. (CIN).
7. Press Enter to save.
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