https://help.tallysolutions.com/docs/te9rel60/Tax_India/VAT/Delhi/Purchase_Ledgers_Delhi.htm

Creating Purchase and Sales Ledgers (Delhi)

You can create a common purchase/sales ledger for all types of purchases/sales without defining tax details in the purchase or sales ledger master. You can also create separate ledgers to define different tax rates in the purchase and sales ledger masters.

Purchase Ledger

To create a common purchase ledger

1.    Go to Gateway of Tally > Accounts Info. > Ledgers > Create.

2.    Enter the Name of the purchase ledger.

3.    Select Purchase Accounts in the Under field.

4.    Set the option Inventory values are affected? to Yes.

5.    Set Is VAT/CST Applicable? to Applicable.

6.    Press Enter to skip the field Set/Alter VAT Details?.

The Ledger Creation screen is displayed as shown below:

7.    Press Enter to save.

To create a ledger defined with Nature of Transaction and tax rate

1.    Go to Gateway of Tally > Accounts Info. > Ledgers > Create.

2.    Enter the Name of the purchase ledger.

3.    Select Purchase Accounts in the Under field.

4.    Set the option Inventory values are affected? to Yes.

5.    Set Is VAT/CST Applicable? to Applicable.

6.    Set the option Set/Alter VAT Details? to Yes.

7.    Click F12: Configure to enable additional details.

8.    Set the Classification option in VAT Details screen to:

o     Undefined if unique tax rate and commodity details have to be defined.

o     Any of the user-defined Classification. Once it is applied, rest of the options disappear and cursor returns to Ledger Creation screen. Click here to view the detailed procedure of creating VAT Classifications.

9.    Select the Nature of Transaction.

10.  Specify the Commodity name, Commodity code, and Reporting UoM in the Other Info section.

11.  Enter the Tax rate, and Tax type.

The VAT Details screen appears as shown below:

12.  Press Ctrl+A to accept.

Sales Ledger

To create a common sales ledger

1.    Go to Gateway of Tally > Accounts Info. > Ledgers > Create.

2.    Enter the Name of the sales ledger.

3.    Select Sales Accounts in the Under field.

4.    Set Inventory values are affected? to Yes.

5.    Set Is VAT/CST Applicable? to Applicable.

6.    Press Enter to skip the field Set/Alter VAT Details? The Ledger Creation screen appears as shown below:

7.    Press Enter to save.

To create a ledger defined with nature of transaction, commodity details, and tax rate

1.    Go to Gateway of Tally > Accounts Info. > Ledgers > Create.

2.    Enter the Name of the sales ledger.

3.    Select Sales Accounts in the Under field.

4.    Set Inventory values are affected to Yes.

5.    Set Is VAT/CST Applicable to Applicable..

6.    Enable the option Set/Alter VAT Details?.

7.    Select the required Classification in VAT Details screen.

8.    Press Ctrl+A to accept.

Selection of Entity Type in Sales Ledger

To select the entity type

1.    Go to Gateway of Tally > Accounts Info. > Ledgers > Create.

2.    Enter the Name of the ledger.

3.    Select any of the following groups, in the Under field:

4.    Set the option Is VAT/CST Applicable? to Applicable.

5.    Enable the option Set/Alter VAT Details?.

6.    Press Ctrl+A to accept.

7.    Press Enter to save.

Defining Local VAT rate in ledger

The local VAT rate applicable on this transaction has to be furnished to the Delhi VAT department. For example, if a dealer of Delhi purchases goods from Karnataka, the Karnataka dealer raises an invoice against C Form. The local VAT rate applicable on this transaction has to be provided in the returns. Hence, the facility to define local rate of VAT in the interstate purchase and sales ledgers of accounts only and accounts with inventory companies  is provided.

The option to enter Local VAT Rate is provided for the following nature of transactions:

     Interstate Purchase - Against Form C

     Interstate Purchase - E1

     Interstate Purchase - Taxable

     Interstate Sales - Against Form C

     Interstate Sales - E1

The VAT Details screen with Local VAT rate appears as shown below: