A registered dealer needs to issue/receive declarations like C, E1, E2, F, H, and I in prescribed forms to buyers/sellers depending on the nature of interstate transactions.
To record an interstate transaction against H Form
To enable Statutory Info.
1. Go to Gateway of Tally > F11: Features > Statutory and Taxation.
2. Enable the option Set/alter VAT Details to view the Company VAT Details screen.
3. Enable the option Define VAT commodity and tax details as masters as shown below:
The Statutory Info. option is now available in the Accounts Info. menu.
To create a user defined classification
1. Go to Gateway of Tally > Accounts Info. > Statutory Info. > VAT Classifications > Create.
2. Enter the Name of the new classification.
3. Enter the applicability dates with the corresponding tax rates in Applicable From and Tax rate columns, respectively.
4. Select the Taxability, as required. The Stat Classification screen appears as shown below:
5. Press Enter to save.
Note: Based on the options configured, the options in the Stat Classification screen may vary. Press F12: Configure to enable Type of Goods, Commodity Details, and Schedule Details.
The stat classification created can now be assigned to sales/purchase ledgers.
3. Assign the classification to sales/purchase ledgers.
To assign the classification to sales/purchase ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create.
2. Enter the Name of the sales ledger.
3. Select Sales Accounts in the Under field.
4. Set Inventory values are affected? to Yes.
5. Set Is VAT/CST Applicable? to Applicable.
6. Enable the option Set/Alter VAT Details to view the VAT Details screen.
7. Select the Classification.
8. Press Enter to go to the Ledger Creation screen.
9. Press Ctrl+A to accept.
To record transaction of local sales for items attracting multiple VAT rates
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales.
2. Enter Ref. number, if required.
3. Select the party ledger in the field Party's A/c Name.
4. Select the sales ledger for which the classification Deemed Exports is assigned in the VAT Details screen.
5. Select the required stock items.
6. Enter Quantity, and Rate.
7. Press Enter.
8. Enable the option Provide VAT Details to view the Statutory Details screen.
o Enter the Form serial no., Form no., and Date.
o Enter the Sl.No.in Form VAT-49.
o Select the Status of the Form.
o Enter the Bilty No., Bilty Dt, Goods Vehicle No., Value carried by vehicle, and Mobile No..
o Press Enter to return to the Accounting Voucher Creation screen.
9. Press Enter to save.
5. Print the sales invoice with H Form details.
To print the sales invoice
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales.
2. Press Page Up to view the Accounting Voucher Alteration screen.
3. Click P: Print.
4. Press Enter to print. The printed invoice appears as shown below:
The Form H details are printed in the sales invoice.
Similarly, classifications can be created for consignment/branch transfers (Form F) and assigned to sales and purchase ledgers. When the ledgers are used in transactions, you can record the details of Form F.
'Recording Interstate Transactions Against Declaration Forms' has been shared with
