You can records sales transactions attracting multiple VAT rates in Tally.ERP 9.
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 Party's A/c Name field.
4. Select a common sales ledger in which the option Is VAT/CST Applicable? is set to Applicable , and Set/Alter VAT Details? is disabled.
5. Select the required stock items whose VAT rates are specified either at the stock group level, or at the stock item level. Enter Quantity and Rate for each stock item.
6. Select the common VAT ledger.
The ledger must be grouped under Duties & Taxes in which the options:
o Type of duty/tax is set to VAT .
o Percentage of Calculation (eg 5)? is set to 0 .
7. Set the option Provide VAT Details? to Yes to view the Statutory Details screen.
In the Statutory Details screen,
o Select the Point of Sale as shown below:
o Press Enter to save, and return to sales invoice.
8. Click A : Tax Analysis to view the Tax Analysis screen.
o Click F1 : Detailed to view the stock items. The Tax Analysis screen appears as shown below:
Note: The tax for each item is calculated based on rate specified in the stock item master by selecting On Quantity in the Calculation Type .
o Press Esc to return to sales invoice.
The sales invoice appears as shown below:
9. Press Enter to save.
'Taxable Sales (Rajasthan)' has been shared with
