You can create party ledgers for suppliers and customers and apply VAT details applicable for Kerala. Using F12: Configure, you can specify the exemptions applicable for the ledgers.
VAT details - Configuration Option
To create a supplier ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create.
2. Enter the Name of the supplier ledger.
3. Select Sundry Creditors from the List of Groups, in the Under field.
4. Set Maintain balances bill-by-bill to Yes.
5. Enter the Default Credit Period, if any.
6. Set Check for credit days during voucher entry to Yes, if required.
7. Enter the Mailing Details.
8. Select the required Country.
9. Select the required State.
10. Enter the PIN Code.
11. Provide bank details, if required.
12. Enter the PAN/IT Number.
13. Enable the option Set/Alter VAT Details and provide the relevant details.
To enter the VAT details
1. Select the Type of Dealer from the Type of Dealer list.
2. Enter the VAT TIN No. The VAT Details screen appears as shown below:
3. Press Enter to save.
To enter the CST number and exemption details of a supplier
1. Press F12: Configure in the VAT Details screen.
2. Set the options Allow CST number? and Allow exemption details? to Yes.
3. Press Ctrl+A to return to the VAT Details screen.
4. Enter the CST No.
5. Select the Type of Exemption.
6. Enter the Notification/SEZ Reg Number, if required.
7. Enter the Date.
8. Press Enter to return to the Ledger Creation screen.
The Ledger Creation screen appears as shown below:
14. Press Enter to save.
To create a customer ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create.
2. Enter the Name of the customer ledger.
3. Select Sundry Debtors from the List of Groups, in the Under field.
4. Set Maintain balances bill-by-bill to Yes.
5. Enter the Default Credit Period, if any.
6. Set Check for credit days during voucher entry to Yes, if required.
7. Enter the Mailing Details.
8. Select the required Country.
9. Select the required State.
10. Enter the PIN Code.
11. Provide Bank Details, if required.
12. Enter the PAN/IT Number.
13. Enable the option Set/Alter VAT Details and provide the relevant details.
To enter the VAT details
1. Select the Type of Dealer from the Type of Dealer list.
2. Enter the VAT TIN No.
The VAT Details screen appears as shown below:
3. Press Enter to save.
To enter the CST number and exemption details of a supplier
1. Press F12: Configure in the VAT Details screen.
2. Set the options Allow CST number and Allow exemption details? to Yes.
3. Press Ctrl+A to return to the VAT Details screen.
4. Enter the CST No.
5. Select the Type of Exemption.
6. Enter the Notification/SEZ Reg Number, if required.
7. Enter the Date.
8. Press Enter to return to the Ledger Creation screen.
The Ledger Creation screen appears as shown below:
14. Press Enter to save.
Replicate the steps mentioned above to create ledgers for suppliers and customers in other states, for interstate purchases and sales.
To configure VAT details
1. Click F12: Configure in VAT Details screen.
o Set Allow CST number? to Yes to define the party’s CST number.
o Set Allow exemption details? to Yes if the party has to be classified as SEZ or Notification.
o Set Allow Import Export Code? to Yes if the party has import or export code details.
2. Enter the CST No. in VAT Details screen.
3. Enter the Import/Export Code.
4. Select the Type of Exemption.
5. Enter the registration number and date.
Note: The option Sales/purchases against Form C? appears in the VAT Details screen if the State selected in the Ledger Creation screen is other than Kerala. This selection is retained for the option Is against C Form? in the Party Details screen while recording transactions.
6. Press Enter to save.
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