Taxable Sales (Madhya Pradesh)

You can create vouchers for sales of items attracting tax with the VAT rates specified either at the stock item level or at the stock group level.

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

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

2.     Enter the reference number in Reference no. field.

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

4.     Select a common sales ledger in which the option Is VAT/CST Applicable? is set to Applicable, and Set/Alter VAT Details? is not enabled..

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

6.     Select the common VAT ledger.

7.     Click A: Tax Analysis to view the Tax Analysis screen.

o      Click F1: Detailed to view in detailed mode. The Tax Analysis screen appears as shown below:

o      Press Esc to return to tax invoice.

8.     Enter Narration, if required.

The tax invoice appears as shown below:

9.     Press Enter to save.