Type search words and press enter
"Use Edit Log for transactions/masters, and digital signature for invoices/reports with Release 2.1. Download NOW!"

Calculating VAT based on Quantity (Rajasthan)

You have the option to calculate VAT on quantity for items on which VAT is calculated on quantity.

To enable this option

1.    Go to Gateway of Tally > F11: Features > Statutory & Taxation.

2.    Set the option Enable Value Added Tax (VAT)? to Yes.

3.    Set the option Enable VAT on quantity? to Yes, in the Company VAT Details screen, as shown below:

To configure stock item for VAT on quantity calculation

1.    Go to Gateway of Tally > Inventory Info. > Stock Items > Create or Alter.

2.    Specify the required details in fields Name, Under, and Units.

3.    Set the option VAT Applicable to Applicable.

4.    Enable the option Set/alter VAT details? to open VAT Details screen.

o     Specify the Classification, Type of Goods, Commodity Name, Commodity Code, Tax rate, and Tax type.

o     Set the Calculation Type as On Quantity.

o     Specify the Tax rate of the item per quantity.

o     Press Ctrl+A to accept the VAT Details screen.

5.    Press  Ctrl+A to accept the Stock Item Creation screen.

See Also:

Taxable Purchases (Rajasthan)

Taxable Sales (Rajasthan)