Enabling VAT (Maharashtra)

To enable the Value Added Tax feature and provide the details required for filing returns

1. Go to Gateway of Tally > F11: Features > Statutory & Taxation

The Company Operations Alteration screen appears as shown below:

2. Set the option Enable Value Added Tax (VAT) to Yes.

3. Enable Set/Alter VAT Details.

The VAT Details screen appears as shown below:

To enter the VAT details

4. Select the state as Maharashtra from the List of States (if the state is not selected in the Company Creation screen).

5. Enable Set/alter VAT rate/inventory details, if the company is trading in multiple stock items attracting a single VAT rate and CST rate.

To enable CST rate and commodity details,

• Click F12: Configure and enable required fields to display it in VAT Rate/Inventory Info screen.

• Enter the required CST and VAT rate.

The VAT Rate/Inventory Details screen appears as shown below:

• Press Enter to save the VAT Rate/Inventory Details screen.

7. Enable Activate User Defined Classification. This will allow creation of user-defined classifications by grouping it under any of the predefined classifications.

To enable Regular VAT applicable from field and Additional Information section,

8. Click F12:Configure in Company VAT Details screen and enable required fields.

9. Enter the required details.

4. Press Enter key to save the Company VAT Details screen.

4. Enter the PAN/Income - Tax No.

5. Enter the Corporate Identity No. (CIN).

6. Press Enter to save.