To record transaction of local sales for items attracting multiple VAT rates
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales.
2. Enter Ref number, if required.
3. Select the party ledger in Party's A/c Name option.
4. Select a common sales ledger in which the option Is VAT/CST Applicable is set to Applicable, and Set/Alter VAT Details is disabled.
5. Select the required stock items whose VAT rates are specified either at the stock group or stock item level. Enter Quantity and Rate for each stock item.
6. Select the common VAT ledger.
7. Click A: Tax Analysis to display the Tax Analysis screen.
● Click F1: Detailed to view the names of stock items.
The Tax Analysis screen appears as shown below:
● Press Esc to return to tax invoice.
The tax invoice appears as shown below:
8. Press Enter to save.
To record local sales of pre-owned cars
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales.
2. Enter Ref number, if required.
3. Select the party ledger in Party's A/c Name option.
4. Select a common sales ledger in which the option Is VAT/CST Applicable is set to Applicable, and Set/Alter VAT Details is disabled.
5. Select the required stock items (Pre-owned cars) with the following settings:
● Calculation Type set as On Quantity.
● Tax rate specified as 3,000 or 10,000 as per the engine capacity of the pre-owned car.
● Tax type set as Taxable.
6. Select the common VAT ledger.
7. Click A: Tax Analysis to display the Tax Analysis screen.
8. Click F1: Detailed to view the names of stock items. The Tax Analysis screen appears as shown below:
9. Press Esc to return to tax invoice
The tax invoice appears as shown below:
10. Press O to override.