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Sales Inclusive of Tax (Kerala)

You can record inclusive tax sales transaction using this procedure.

To record inclusive of tax sales transaction

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

2.    Select the Party's A/c Name.

3.    Select the Sales Ledger with the appropriate taxable nature of transaction.

4.    Select the stock item with the option Is inclusive of duties and taxes? enabled.

5.    In the Stock Item Allocations screen

o     Select the Godown name and enter the Quantity. The Inclusive of Tax screen is displayed.

o     Enter the Rate (Inclusive of Tax).

o     Press Enter. The rate of the item excluding tax is displayed in the Rate field.

o     Press Ctrl+A to save.

6.    Select the common VAT  ledger. Based on the VAT rate, the tax amount is automatically displayed.

7.    Select the ledger for Cess.

The invoice is displayed as shown below:

8.    Press Enter save.