Type search words and press enter
"Use Edit Log for transactions/masters, and digital signature for invoices/reports with Release 2.1. Download NOW!"

Recording Sales Inclusive of Tax (Delhi)

In Tally.ERP 9, you can record sales transactions with ledgers where the stock item has been enabled with Inclusive of Duties and Taxes option. You can configure the stock item using F12: Configure .

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 that is enabled with the option Is inclusive of duties and taxes .

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.

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

The sales invoice appears as shown below:

7. Press Enter to save.