Creating Classifications

To create a user defined classification

  1. Go to Gateway of Tally > Accounts Info. > Statutory Info. > VAT Classifications > Create.

  2. Enter the Name of the new classification.

  3. Enter the applicability dates with the corresponding tax rates in Applicable From and Tax Rate columns, respectively.

The VAT Classifications screen appears as shown below:      

         

                     

  1. Press Enter to save