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Recording Sales at MRP (Assam)

You can create sales voucher with tax on MRP.

To record sales transaction with tax on MRP

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

2.    Select the customer name in the Party’s A/c Name field.

3.    Select the required sales account.

4.    Select the stock item for which Calculate VAT on MRP is enabled. Enter the Quantity and Rate for the item.

5.    Select the common VAT ledger. The rate will be calculated automatically based on MRP of the item.

     The ledger must be grouped under Duties & Taxes with the following settings:

o     Type of Duty/Tax is set to VAT. (CST in case of interstate sales)

o     Percentage of Calculation is set to 0.

The sales invoice appears as shown below:

6.    Press Enter to save.