VAT Features in Tally.ERP 9

The salient features provided for VAT in Tally.ERP 9 are as follows:

• Quick, easy to setup and use.

• Pre-defined VAT/Tax Classifications for Purchase and Sale of goods

• Facility to create separate VAT ledgers with VAT/Tax Classifications for input as well as output VAT

• Facility to generate and print VAT & NHIL invoice and Return

• Complete tracking of each transaction till generation of returns

• Better VAT-returns management

• Facility to generate VAT Computation report with details pertaining to

• The value of transactions recorded using the classifications available for VAT

• VAT Payable or refundable

• Provision to generate - VAT Classification Vouchers report for each of the VAT/Tax classifications

• Facility to drill-down the various VAT classifications from VAT Computation report till the last level of voucher entry

• Greater tax compliance