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Taxable Sales (Kerala)

This topic explains the procedure to record taxable sales within the state of Kerala.

Tax Invoice - Form 8 Format

To configure sales voucher type for printing the invoice in Form 8 format

1.    Go to Accounts Info. > Voucher Types > Create.

2.    Enter the Name of the voucher type.

3.    Set Is Tax Invoice? to Yes.

4.    Set VAT Invoice format to Form 8.

The tax invoice voucher type appears as shown below:

5.    Press Ctrl+A to save.

Sales Transaction

To record a local sales transaction with items with multiple VAT rates

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

2.    Enter Ref number, if required.

3.    Select the Party’s A/c Name from the List of Ledger Accounts.

4.    Select a common sales ledger in which the option Is VAT/CST Applicable? is set to Applicable, and Set/Alter VAT Details? is set to No.

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.

7.    Select the common cess ledger.

8.    Click A: Tax Analysis button to display the Tax Analysis screen.

9.    Click F1: Detailed button to view the names of stock items.

The Tax Analysis screen appears as shown below:

10.  Press Esc to return to tax invoice

The tax invoice appears as shown below:

11.  Press Enter to save.

12.  Click P: Print to print the invoice. The invoice in Form 8 format appears as shown below: