Configuring VAT details for Non-Creditable Goods

To configure VAT details for non-creditable goods

1.     Go to Gateway of Tally > Inventory Info. > Stock Items > Create.

2.     Enter the Name of the non-creditable item and select the required group.

3.     Select the unit of measurement in the field Units.

4.     Set the option VAT Applicable to Applicable.

5.     Enable Set/alter VAT details?. Click F12: Configure in VAT Details screen.

o      Enable the option Set type of goods.

o      Set the option Provide commodity details? to Yes.

o      Set the option Provide schedule details? to Yes.

o      Press Ctrl+A to accept.

6.     Select Non-Creditable in Type of goods.

7.     Enter the Commodity name, Commodity code.

8.     Enter the VAT Rate details, as required.

9.      Press Enter to save.