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Recording Sales at MRP (Tamil Nadu)

You can record a sales voucher such that VAT is calculated on the 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 .

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

7. Enter Narration , if required.

The sales invoice appears as shown below:

8. Press Enter to save.