Recording Sales Inclusive of Tax (Uttar Pradesh)

In Tally.ERP 9, you can record a sales voucher to account for sales inclusive of the tax amount.

To record inclusive of tax sales transaction

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

2.     Select the Party's A/c Name.

3.     Select the Sales Ledger with taxable nature of transaction.

4.     Select the stock item for which the option Is inclusive of duties and taxes? is enabled.

o      Enter the Godown, and Quantity.

o      Press Enter.

o      Enter the  the tax inclusive rate for an unit of item in the Rate (Inclusive of Tax) field, in the Inclusive of Tax screen.

o      Press Enter.

o      Amount is automatically calculated.

o      Press Ctrl+A to save, and to return to sales invoice.

5.     Select the common VAT  ledger. Based on the VAT rate, amount will be automatically displayed.

The sales invoice appears as shown below:

6.     Press Enter to save.