To account sales of non-creditable goods, create invoices with nature of transaction as Sales Taxable , calculation type On Value , schedule as Fourth Schedule .
To record local sale of Schedule IV Goods based on value
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales .
2. Enter Supplier Invoice No. and Date .
3. Select the party ledger in Party's A/c Name option.
4. Select a sales ledger where:
● Is VAT/CST Applicable? is set to Applicable .
● Set/Alter VAT Details? is enabled.
● Nature of Transactions is set as Sales Taxable .
5. Select the stock items that have the following options, and enter Quantity and Rate for each stock item.
● Calculation Type set as On Value .
● Tax rate is specified.
● Tax type set as Taxable .
● Schedule set as Fourth Schedule .
6. Click A : Tax Analysis to display the Tax Analysis screen.
● Click F1 : Detailed to view the names of stock items.
The Tax Analysis screen appears as shown below:
The sales invoice appears as shown below:
7. Press Enter to save.
To record local sale of Fourth Schedule goods based on quantity
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales .
2. Enter Supplier Invoice No. and Date .
3. Select the party ledger in the field Party's A/c Name .
4. Select a sales ledger where:
● Is VAT/CST Applicable? is set to Applicable .
● Set/Alter VAT Details? is enabled.
● Nature of Transactions is set as Sales Taxable .
5. Select the stock items that have the following options, and enter Quantity and Rate for each stock item.
● Calculation Type set as On Quantity .
● Tax rate per quantity is specified.
● Tax type set as Taxable .
● Schedule set as Fourth Schedule .
6. Click A : Tax Analysis to display the Tax Analysis screen.
● Click F1 : Detailed to view the names of stock items.
The Tax Analysis screen appears as shown below:
The sales invoice appears as shown below:
7. Press Enter to save.
To record a subsequent sale of Schedule IV Goods
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales .
2. Enter Supplier Invoice No. and Date .
3. Select the party ledger in the field Party's A/c Name .
4. Select a sales ledger where:
● Is VAT/CST Applicable? is set to Applicable .
● Set/Alter VAT Details? is enabled.
● Nature of Transactions is set as Sales - Tax Free .
5. Select the stock items that have the following options, and enter Quantity and Rate for each stock item.
● Tax type set as Tax Free .
● Schedule set as Fourth Schedule .
6. Click A : Tax Analysis to display the Tax Analysis screen.
● Click F1 : Detailed to view the names of stock items.
The Tax Analysis screen appears as shown below:
The sales invoice appears as shown below:
7. Press Enter to save.
'Recording Sales of Fourth Schedule Goods (Assam)' has been shared with
