https://help.tallysolutions.com/docs/te9rel60/Tax_India/VAT/Kerala/KE_Party.htm

Creating Party Ledgers (Kerala)

You can create party ledgers for suppliers and customers and apply VAT details applicable for Kerala. Using F12: Configure, you can specify the exemptions applicable for the ledgers.

Creating a supplier ledger

Creating a customer ledger

VAT details - Configuration Option

Supplier Ledger

To create a supplier ledger

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

2.    Enter the Name of the supplier ledger.

3.    Select Sundry Creditors from the List of Groups, in the Under field.

4.    Set Maintain balances bill-by-bill to Yes.

5.    Enter the Default Credit Period, if any.

6.    Set Check for credit days during voucher entry to Yes, if required.

7.    Enter the Mailing Details.

8.    Select the required Country.

9.    Select the required State.

10.  Enter the PIN Code.

11.  Provide bank details, if required.

12.  Enter the PAN/IT Number.

13.  Enable the option Set/Alter VAT Details and provide the relevant details.

The Ledger Creation screen appears as shown below:

14.  Press Enter to save.

Customer Ledger

To create a customer ledger

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

2.    Enter the Name of the customer ledger.

3.    Select Sundry Debtors from the List of Groups, in the Under field.

4.    Set Maintain balances bill-by-bill to Yes.

5.    Enter the Default Credit Period, if any.

6.    Set Check for credit days during voucher entry to Yes, if required.

7.    Enter the Mailing Details.

8.    Select the required Country.

9.    Select the required State.

10.  Enter the PIN Code.

11.  Provide Bank Details, if required.

12.  Enter the PAN/IT Number.

13.  Enable the option Set/Alter VAT Details and provide the relevant details.

The Ledger Creation screen appears as shown below:

14.  Press Enter to save.

Replicate the steps mentioned above to create ledgers for suppliers and customers in other states, for interstate purchases and sales.

VAT Details - Configuration Options

To configure VAT details

1.    Click F12: Configure in VAT Details screen.

o     Set Allow CST number? to Yes to define the party’s CST number.

o     Set Allow exemption details? to Yes if the party has to be classified as SEZ or Notification.

o     Set Allow Import Export Code? to Yes if the party has import or export code details.

2.    Enter the CST No. in VAT Details screen.

3.    Enter the Import/Export Code.

4.    Select the Type of Exemption.

Note: If the Type of Dealer is selected as Regular and VAT TIN No. field is left blank, the warning message TIN is blank. is displayed.

5.    Enter the registration number and date.

Note: The option Sales/purchases against Form C? appears in the VAT Details screen if the State selected in the Ledger Creation screen is other than Kerala. This selection is retained for the option Is against C Form? in the Party Details screen while recording transactions.

6.    Press Enter to save.