https://help.tallysolutions.com/docs/te9rel63/Tax_International/GCC_VAT/recording_gst_sales_and_printing_invoices.htm

GCC VAT Sales and Invoice Printing

Related topics

Stock Items

Service Ledgers

Purchases

Once you activate VAT in your company in Tally.ERP 9, you can record the sale of goods and services (outward supply) that attract VAT, using a sales voucher. Ensure that you provide unique voucher numbers for your sales vouchers, and use a new series of voucher numbering.

 

     Domestic sales

     Sales to parties within GCC countries

     Goods and services in a single invoice

     Taxable and exempt items in a single invoice

     Sales in the accounting invoice mode

     Override tax details in an invoice

     Record sales with additional ledgers

 

Domestic Sales

Domestic sales refers to the sale of goods or services to customers within the country.

Record domestic sales

1.    Go to Gateway of Tally > Accounting Vouchers > F8: Sales.

2.    In Party A/c name, select the customer ledger. You can select cash ledger for retail or over the counter sales.

3.    Select the sales ledger.

4.    Select the required items, and specify the quantities and rates.

5.    Select the VAT ledger.

You can view the tax details by clicking A: Tax Analysis. Click F1: Detailed to view the tax break-up.

6.    In the sales invoice, press Alt+P to print the invoice in the required format.

7.    In the Voucher Printing screen, you can select Single or Bilingual as the Print Type. Both English and Arabic will be printed in bilingual copy.

8.    Select Print Language as Arabic or English.

Printed Invoice Format

Details such as the tax rates and the TRN/TIN of the company and the customer will be captured. Depending on your requirements, you can include additional details in your invoice by clicking F12: Configure.

 

Sales to Parties within GCC Countries

Sales made within VAT-implementing GCC countries are not taxable. The party will pay the tax on reverse charge basis. However, if the party is an unregistered dealer, tax can be charged during sales.

If you are a registered dealer located in UAE and supply goods or services to a registered dealer in Saudi Arabia, no tax will be applied in the sales transaction, but you will have to pay tax on a reverse charge basis. However, if you are supplying to an unregistered dealer in Saudi Arabia, tax is applicable.

Sales to registered dealers

Sales to unregistered dealers

 

Record sales to registered dealers in GCC countries

1.    Go to Gateway of Tally > Accounting Vouchers > F8: Sales.

2.    Select the registered dealer ledger in the Party A/c name field.

Click A: Tax Analysis to view the tax details. Click F1: Detailed to view the tax break-up.

Tax will not be calculated for goods sold to a registered party.

 

Record sales to unregistered dealers in GCC countries

1.    Go to Gateway of Tally > Accounting Vouchers > F8: Sales.

2.    Select the unregistered dealer ledger in the Party A/c name field.

You can view the tax details by clicking A: Tax Analysis. Click F1: Detailed to view the tax break-up.

Tax will be calculated for goods sold to an unregistered party

 

Sale of Goods and Services in a Single Invoice

You can record the sales of both goods and services in the same invoice by selecting the required sales and VAT ledgers.

You can view the tax details by clicking A: Tax Analysis. Click F1: Detailed to view the tax break-up.

 

Sale of Taxable and Exempt Items in a Single Invoice

You can record the sale of both taxable and exempt goods or services in the same invoice by selecting the required sales and VAT ledgers.

     Select the taxable goods or services and exempt goods or services in the same invoice.

You can view the tax details by clicking A: Tax Analysis. Click F1: Detailed to view the tax break-up. Tax will not be calculated on exempt items.

 

Sales in the Accounting Invoice Mode

When you maintain only accounting transactions (but not the inventory of your goods), or when your company deals with services, you can use the accounting invoice mode for recording your local and intra-GCC sales.

Record sales in the accounting invoice mode

1.    Go to Gateway of Tally > Accounting Vouchers > F8: Sales.

2.    Click I: Accounting Invoice.

3.    Select the required service ledgers, and specify the rate or amount. Alternatively, press Alt+C to create the ledgers.

4.    Select the VAT ledger.

5.    Press Ctrl+A to accept.

You have the choice of using item invoice or accounting invoice according to your business requirements.

 

Override Tax Details in an Invoice

In Tally.ERP 9, you can override the tax details in transactions by enabling the override feature in the sales invoice. You can change the nature of transaction, taxable value, and tax rate, as required.

Record sales by overriding tax details

1.    Go to Gateway of Tally > Accounting Vouchers > F8: Sales.

2.    Click F12: Configure to configure the sales invoice for overriding tax details.

Enable the option Allow modification of tax details for VAT? and press Ctrl+A to accept.

3.    Select the customer ledger in Party's A/c Name option.

4.    Select the sales ledger.

5.    Select the required stock items whose VAT rates are specified either at the stock group level or at the stock item level. Specify the Quantity and Rate for the stock item and press Enter from the Amount field.

The VAT Details screen with the default nature of transaction based on the party location and sales ledger appears as shown below:

o     If you want to alter the taxable value and tax rate, press F12: Configure, and enable the options as shown below:

o     Press Enter.

6.    You can choose to make changes to the nature of transaction, taxable value, and tax rate.

7.    Press Enter to return to the invoice screen.

You can view the tax details by clicking A: Tax Analysis. Click F1: Detailed to view the tax break-up.

8.    Select the common VAT ledger. The sales invoice appears as shown below:

9.    Press O to override the default tax details.

Note: In The details are modified button, press Y to accept the voucher with conflicts, you can resolve them in the VAT returns report. Press N to go back to the voucher and make changes. When you press O the voucher is accepted without tax conflicts and is directly included in the returns.

 

Record Sales with Additional Ledgers under GCC VAT

With Tally.ERP 9, you can appropriate the expenses incurred during a sale, to the value of the goods for calculating VAT.

Record sales with an additional ledger

1.    Go to Gateway of Tally > Accounting Vouchers > F8: Sales.

2.    In Party A/c name, select the customer ledger or the cash ledger.

3.    Select the sales ledger.

4.    Select the required stock items, and specify the quantities and rates.

5.    Select the additional expense ledger and enter the amount. Ensure that the ledger is configured for inclusion in the calculation of VAT.

6.    Select the VAT ledger.

You can view the tax details by clicking A: Tax Analysis. Click F1: Detailed to view the tax break-up.

7.    Press Ctrl+A to accept.