https://help.tallysolutions.com/docs/te9rel60/Tax_India/VAT/Bihar/BR_FAQs.htm

FAQ - VAT (Bihar)

This page provides all the FAQ related to VAT for Bihar.

Defining Tax Rates

Creating Masters

Recording Purchase Transactions

Recording Sales Transactions

Recording Adjustment and Payment Transactions

Forms and Annexures

Resolving Exceptions

Release 5.4

Defining Tax Rates

1.    How do I enable VAT?

2.    How do I define tax rates at group level?

3.    How do I define tax rates at ledger level?

4.    How do I define tax rates at stock item level?

Creating Masters

1.    How do I create a supplier ledger?

2.    How do I create a customer ledger?

3.    How do I create a purchase ledger?

4.    How do I create a sales ledger?

5.    How do I create a VAT ledger under Duties & Taxes?

6.    How do I create a VAT ledger under Current Assets or Current Liabilities?

7.    How do I create a VAT classification?

8.    Where can I enter the schedule serial number?

9.    Where can I specify packing material as nature of goods?

Recording Purchase Transactions

1.    How do I record local purchase transaction for items attracting multiple VAT rates?

2.    How do I record interstate purchase invoice against Form C?

3.    How do I record interstate purchase invoice for items attracting multiple CST rates without Form C?

4.    How do I record purchase works contract transaction?

5.    How do I record purchases of capital goods?

6.    How do I record purchases with additional ledger?

7.    How do I record purchases made from unregistered dealers?

Recording Sales Transactions

1.    How do I record a local sales invoice for taxable goods with multiple VAT rates?

2.    How do I record an interstate sales invoice against Form C?

3.    How do I record an interstate sales invoice for items attracting multiple CST rates?

4.    How do I record a sales works contract transaction?

5.    How do I record a sales transaction inclusive of tax?

6.    How do I record sales transaction with MRP?

7.    How do I record a sales transaction with VAT and service tax?

8.    How do I record sales with additional ledgers?

9.    How do I record sales invoice with VAT and excise duty?

Recording Adjustment and Payment Transactions

1.    How do I record a purchase return?

2.    How do I record a sales return?

3.    How do I account for decrease in sales?

4.    How to offset CST dues against tax rebate?

5.    How to offset CST dues against excess tax credit?

6.    How do  I account for deferred tax?

7.    How to adjust advance tax against tax due?

8.    How to account for tax adjustment on purchases from unregistered dealers?

9.    How do I record entry tax adjustment?

10.  How do I record a payment voucher?

11.  How do I account for interest payable?

12.  How do I reverse the input tax?

Forms and Annexures

1.    What is VAT Form RT-I?

2.    How do I save the VAT return?

3.    Form RT-II is not available in Tally.ERP 9. Why?

Resolving Exceptions

1.    How do I resolve No. of voucher with incomplete/mismatch in information exception?

2.    How do I resolve Country, state and dealer type mismatch/not specified exception?

3.    How do I resolve Tax rate/tax type not specified exception?

4.    How do I resolve Nature of transaction, assessable value, rate of tax modified in voucher exception?

5.    How do I resolve Incorrect tax type selected in tax ledger exception?

6.    How do I resolve Mismatch due to tax amount modified in voucher exception?

7.    How do I resolve Voucher with incomplete/incorrect adjustment details exception?

8.    How do I resolve Information required for generating annexure not provided exception?

Release 5.4

1.    What are the enhancements for Bihar in Release 5.4?

2.    List out the forms and annexures provided in Release 5.4.

Others

How to capture details of cash sales, sales made to unregistered dealers in Annexure RT001 - Box B-II?