Creating VAT Classifications (Puducherry)

You can define the VAT classification and enter the details of commodity as per your business requirement.

To create a user defined classification

1.     Go to Gateway of Tally > Accounts Info. > Statutory Info. > VAT Classifications > Create.

2.     Enter the Name of the new classification.

3.     Enter the applicability date with the corresponding tax rates in Applicable From and Tax rate columns.

4.     Press Enter to save.

To create user defined classification with Nature of Transaction and commodity details

1.     Click F12: Configure.

2.     Set the options Enable nature of transaction? and Provide commodity details? to Yes.

3.     Press Ctrl+A to save and return to the Stat Classification Creation screen.

4.     Select the required option in Nature of Transactions field.

5.     Enter the Commodity Name and Commodity Code.

The Stat Classification screen appears as shown below:

6.     Press Enter to save.