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Sales Inclusive of Tax (Rajasthan)

You can record a sales invoice for an item where the item rate is inclusive of tax.

To record inclusive of tax sales transaction

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

2.    Select the party ledger in Party's A/c Name field.

3.    Select the sales ledger with taxable nature of transaction.

4.    Select the stock item for which the option Is inclusive of duties and taxes? is enabled.

5.    Enter the Quantity. The Inclusive of Tax screen appears as shown below:

o     Enter the Rate (Inclusive of Tax).

o     Press Enter to save and to return to sales invoice.

Note: You can enable an additional column in the invoice to enter the stock item value, which is inclusive of tax.

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

7.    Set the option Provide VAT Details? to Yes to view the Statutory Details screen.

The sales invoice appears as shown below:

8.    Press Enter to save.