Type search words and press enter
A new GSTR-2B API is applicable from 14th Nov 2024, which affects auto-reconciliation of GSTR-2B for Oct-24. Stay tuned for our upcoming release, TallyPrime 5.1, which supports this and makes reconciliation even smoother.
https://help.tallysolutions.com/docs/te9rel63/Tax_India/Excise_Dealer/Data_Migration_Dlr.htm

Post Migration Pre-requisites - Dealer Excise

After migrating data, as pre-requisites to adapt to the enhancements provided in Tally.ERP 9 Release 5.0, few following configurations have to be made.

Excise Duty Head Classification

Duty code and calculation method must be defined for the Excise Duty Classification .

To define Excise Duty Head Classification

1. Go to Gateway of Tally > Accounts Info. > Statutory Info. > Excise Duty Classifications > Alter .

2. Select the Excise Duty Classification .

3. Select the Duty code from the List of Excise Duty Codes .

4. Select the Calculation method as per requirement.

5. Accept the Excise Duty Classifications Alteration screen.

Duty Ledger

If duty ledgers are used in transactions, then the tax type of these ledgers must be set to CENVAT.

Duty Ledger Grouped under Duties & Taxes

To set CENVAT as the tax type for ledgers grouped under Duties & Taxes

1. Go to Gateway of Tally > Accounts Info. > Ledger > Alter .

2. Select the duty ledger.

3. Select the Type of duty/tax as CENVAT .

4. Select the applicable Duty Head .

5. Accept the Ledger Alteration screen.

Duty Ledger Grouped under Current Assets

To set CENVAT as the tax type for ledgers grouped under Current Assets

1. Go to Gateway of Tally > Accounts Info. > Ledger > Alter .

2. Select the duty ledger.

3. Click F12: Configure and set the option Allow creation of tax ledgers under other groups to Yes and accept the Master Configuration screen.

4. Set the option Behave as Duties & Taxes to Yes .

5. Select the Type of duty/tax as CENVAT .

6. Select the applicable Duty Head .

7. Accept the Ledger Alteration screen.

Duty Ledger Enabled for Appropriation

To enable duty ledger for appropriation

1. Go to Gateway of Tally > Accounts Info. > Ledger > Alter .

2. Select the duty ledger predefined with the following settings:

● Grouped under Duties & Taxes or Current Assets .

● Type of duty/tax set to CENVAT .

● Duty Head set to Basic Excise Duty or the relevant duty head.

3. Click F12: Configure and set the option Allow method of appropriation (used in purchase invoice) to Yes and accept the Master Configuration screen.

4. Set the option Appropriate tax values in purchase invoice to Yes .

5. Accept the Ledger Alteration screen.

Mail this article