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

Creating Purchase and Sales Ledgers (Telangana)

You can create separate purchase and sale ledgers with different tax rates. For the VAT details, you can specify ย the transaction info, commodity details and the tax rates for each of the ledgers.

Purchase Ledger

Sales Ledger

Purchase Ledger

To create a common purchase ledger

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .

2. Enter the Name of the purchase ledger.

3. Select Purchase Accounts , in the Under field.

4. Set the option Inventory values are affected to Yes .

5. Set Is VAT/CST Applicable to Applicable .

6. Disable Set/Alter VAT Details .

7. Press Enter to save.

To create a ledger defined with Nature of Transaction and tax rate

1. Follow the first five steps provided for creating common purchase ledger.

2. Enable the option Set/alter VAT Details .

3. Set the Classification option in VAT Details screen to:

o Undefined if unique tax rate and commodity details have to be defined.

4. Any of the user-defined Classification . Once it is applied, rest of the options will disappear and cursor returns to Ledger Creation screen. Click here to view the detailed procedure of creating VAT Classifications .

5. Select the Nature of transaction .

6. Enter the Commodity Name .

7. Enter the Tax Rate .

8. Select the required Schedule .

The VAT Details screen appears as shown below:

9. Press Enter to save the VAT Details screen.

10. Press Enter to save.

Sales Ledger

To create a common sales ledger

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .

2. Enter the Name of the sales ledger.

3. Select Sales Accounts in the Under field.

4. Set Inventory values are affected to Yes .

o Set Is VAT/CST Applicable to Applicable .

o Disable Set/Alter VAT Details .

The Ledger Creation screen appears as shown below:

5. Press Enter to save.

To create a ledger defined with Nature of Transaction and tax rate

1. Follow the first five steps provided for creating common sales ledger.

2. Enable the option Set/alter VAT Details .

3. Set the Classification option in VAT Details screen to:

4. Undefined if unique tax rate and commodity details have to be defined.

5. Any of the user-defined Classification . Once it is applied, rest of the options will disappear and cursor returns to Ledger Creation screen. Click here to view the detailed procedure of creating VAT Classifications .

6. Select the Nature of transaction .

7. Enter the Commodity Name .

8. Select the required Schedule .

The VAT Details screen appears as shown below:

9. Press Enter to save the VAT Details screen.

10. Press Enter to save.

See Also

โ— Selecting Nature of Goods and Providing Commodity Details

โ— Selecting Nature of Goods and Providing Commodity Details