https://help.tallysolutions.com/docs/te9rel63/Tax_India/VAT/BR_Sales_at_MRP.htm

Sales at MRP

You can create sales voucher with VAT on MRP.

To record sales transaction with tax on MRP

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

2. Select the customer name in the Party’s A/c Name field.

3. Click F12: Configure and,

Set the option Allow MRP modification in voucher to Yes , to enable altering the MRP rate while recording the voucher.

Press Ctrl+A to accept.

4. Select the required Sales Ledger .

5. Select the stock item for which Calculate VAT on MRP is enabled, and enter the Quantity , and Rate .

6. Select the common VAT ledger.

The ledger must be grouped under Duties & Taxes in which the options:

o Type of duty/tax set to VAT ( CST in case of interstate sales).

o Percentage of Calculation (eg 5)? set to 0.

The rate will be calculated automatically based on MRP defined for the item.

7. Click A : Tax Analysis to display the Tax Analysis screen.

8. Click F1 : Detailed to view the names of stock items. The Tax Analysis screen appears as shown below:

Note: In the VAT Details screen of stock item, the option MRP Incl. of VAT is set to Yes . Hence, VAT is included in MRP.

9. Enter Narration , if required.

The sales invoice appears as shown below:

10. Press Enter to save.