Enabling VAT

1. Go to Gateway of Tally > F11: Features > Statutory & Taxation. The Company Operations Alteration screen appears as shown below:

3. Set the option Set/alter VAT details? to Yes. The Company VAT Details screen appears as shown below:

● Enable the option Show VAT applicable from? to enter the date from when VAT registration is applicable.

To provide additional details in the VAT Details screen

1. Click F12: Configure in the Company VAT Details screen.

● Enable the option Show additional details? to provide additional information details.

2. Under the Additional Information section:

● Enter the name of the Circle.

● Enter the name of the Division.

● Enter the name of the Authorised Person.

● Enter the Status/Designation of the authorised person.

● Enter the Place of the business.

The Company VAT Details screen with all the required information appears as shown below:

3. Press Enter to save.

● Select the State as Andhra Pradesh from the List of States (if the state is not selected in the Company Creation screen).

● Enable Set/alter tax/rate details? to open the Tax/rate Details screen. A single VAT rate which can be applied for all stock items in a company, can be defined from this screen.

To provide tax/rate details

1. Press F12: Configure in the Tax/rate Details screen. The Configuration screen appears as shown below:

o Enable Set CST rate? to enter CST details.

o Enable Provide commodity details? to enter commodity details.

o Enable Provide schedule details? to select the schedule.

2. Enter the required CST Rate, VAT Rate, and Other Info. The Tax/rate Details screen appears as shown below:

3. Press Ctrl + A to save, and return to the VAT Details screen.

● Enable the option Define VAT commodity and tax details as masters? in the Company VAT Details screen separate VAT classifications have to be created for each tax rate. These classifications can be applied to ledgers, stock items or stock groups.