With Tally.ERP 9, you can record sales that are taxable. Local sales of stock items with multiple VAT rates can be done by selecting a common sales ledger where VAT is set to Applicable.
To record transaction of local sales for items attracting multiple VAT rates
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales.
2. Enter Ref number, if required.
3. Select the party ledger in Party's A/c Name option.
4. Select a common sales ledger in which the option Is VAT/CST Applicable is set to Applicable, and Set/Alter VAT Details is disabled.
5. Select the required stock items whose VAT rates are specified either at the stock group or stock item level. Enter Quantity and Rate for each stock item.
6. Select the common VAT ledger.
Ledger must be grouped under Duties & Taxes in which the options:
o Type of Duty/Tax is set to VAT.
o Use for Purchase Tax is disabled.
o Percentage of Calculation is set to ‘0’.
7. Select the surcharge ledger.
8. Click A: Tax Analysis to display the Tax Analysis screen.
o Click F1: Detailed button to view the names of stock items.
The Tax Analysis screen appears as shown below:
Press Esc to return to tax invoice.
The tax invoice appears as shown below:
9. Press Enter to save.
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