To enable VAT
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 the option Set/alter VAT details to open the Company VAT Details screen.
4. Configure the VAT details, as explained in the To Configure VAT details section.
5. Enter the PAN/Income tax. no.
6. Enter the Corporate Identity No. (CIN).
7. Press Enter to save.
1. Click F12: Configure to view the Configuration screen.
2. Select the state as Assam from the List of States (if the state is not selected in the Company Creation screen).
3. Enter the 11 digit TIN allotted by the VAT department.
4. Enter the Inter-state Sales Tax Number.
5. Enter the date from when VAT registration is applicable in VAT applicable from field.
6. Enable Set/alter tax/rate details to open the Tax/Rate Details screen. A single VAT rate for all stock items in a company can be defined in this screen.
7. Enter the Periodicity of e-VAT Annexures date.
8. Set the option Enable VAT on quantity to Yes.
9. Enable the option Define VAT commodity and tax details as masters if separate VAT classifications have to be created for each tax rate. These classifications can be applied to ledgers, stock items or stock groups.
10. Enter the additional information, if required.
11. Press Ctrl+A to save.
