Overriding Assessable Value and Tax in Invoice (Puducherry)

To record transaction by overriding tax details

1.     Go to Gateway of Tally > Accounting Vouchers > F8: Sales.

2.     Click F12: Configure to configure the sales invoice for overriding tax details.

o      Set Use common ledger A/c for item allocation? to No.

o      Set Allow modification of Tax Details for VAT? to Yes.

o      Press Ctrl+A to accept the screen.

3.     Select the party ledger in Party's A/c Name option.

4.     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.

o      Select a common sales ledger in which the option Is VAT/CST Applicable? is set to Applicable, and Set/Alter VAT Details? is disabled in the Accounting Details screen.

o      Click F12: Configure in VAT Classification Details screen to configure override of tax rate.

o      Select the Classification/Nature in VAT Details screen.

o      Enter the required Tax rate. The VAT Details screen appears as shown below:

o      Press Enter to return to invoice.

5.     Select the common VAT ledger.

The sales invoice appears as shown below:

6.     Press O to override the default tax details and save invoice with the changed tax rate.