Taxable Sales (Goa)

To record transaction of local sales for items attracting multiple VAT rates

1.     Go to Gateway of Tally > Accounting Vouchers > F8: Sales > Tax Invoice.

2.     Enter Ref number, if required.

3.     Select the party ledger in Party's A/c Name option.

4.     Select a common Sales Ledger in which the option Is VAT/CST Applicable is set to Applicable, and Set/Alter VAT Details is set to No.

5.     Select the required stock items whose VAT rates are specified either at the stock group or stock item level. Enter Quantity and Rate for each stock item.

6.     Select the common VAT ledger.

7.     Set the option Provide VAT Details? to Yes to view the Statutory Details screen. In the Statutory Details screen, set the option Is Restricted Tax Invoice to Yes or No, as required.

8.     Click A: Tax Analysis to display the Tax Analysis screen.

9.     Click F1: Detailed to view the names of stock items. The Tax Analysis screen appears as shown below:

10.  Press Esc to return to tax invoice. The tax invoice appears as shown below:

11.  Press Enter to save.