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

Creating Purchase and Sales Ledgers (Andhra Pradesh)

Y ou can create a common purchase ledger for all types of purchases without defining tax details in the purchase ledger master. The same can be done for common sales ledger. Separate ledgers, define different tax rates in the purchase and sales ledger masters.

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. Press Enter to skip the field Set/Alter VAT Details? .

The Ledger Creation screen appears as shown below:

7. Press Enter to save.

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

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. Enable the option Set/alter VAT Details?

7. Click F12: Configure to enable additional details.

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

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

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

9. Select the Nature of transaction as Purchase Taxable .

10. Select the Commodity Name , Commodity Code and Tax rate in the Other Info section. .

The VAT Details screen appears as shown below:

11. Press Ctrl + A to accept the VAT Details screen.

12. Press Enter to save the Ledger Creation screen.

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 .

5. Set Is VAT/CST Applicable? to Applicable .

6. Press Enter to s kip the field Set/Alter VAT Details? . The Ledger Creation screen appears as shown below:

7. Press Enter to save.

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

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 .

5. Set Is VAT/CST Applicable? to Applicable .

6. Enable the option Set/alter VAT Details? .

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

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

o 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 .

8. Select the Nature of transaction .

9. Enter the Tax Rate and Tax Type . The VAT Details screen appears as shown below:

10. Press Ctrl + A to save the VAT Details screen.

11. Press Enter to save the Ledger Creation screen.

Selection of Entity Type in Zero Rated Sales Ledger

To select entity type for zero rated sales ledger

1. Go to VAT Details screen of sales ledger (grouped under Sales Accounts ) .

2. Select Interstate Sales - Zero Rated as the Nature of transaction . The option Party Entity/Org. Type appears.

3. Select the Party Entity/Org. Type from the list. The VAT Details screen appears as shown below:

4. Enter the commodity and tax details.

5. Press Enter to save the sales ledger.