Create a common sales ledger, and define the nature of transactions, commodity details, and tax rate.
To create a common sales ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create.
2. Enter the Name of the sales ledger.
3. Select Sales Accounts in the Under field.
4. Set Inventory values are affected? to Yes.
5. Set Is VAT/CST Applicable? to Applicable.
6. Set the option Type of Ledger? to Not Applicable.
Note: To create a discount ledger, group the ledger under Direct/Indirect Expenses, and select the Type of Ledger as Discount.
7. Press Enter to skip the field Set/Alter VAT Details? The Ledger Creation screen appears as shown below:
8. Press Enter to save.
To create a ledger defined with nature of transaction, commodity details, and tax rate
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create.
2. Enter the Name of the sales ledger.
3. Select Sales Accounts in the Under field.
4. Set Inventory values are affected? to Yes.
5. Set the option Type of Ledger? to Not Applicable.
6. Set Is VAT/CST Applicable? to Applicable.
7. Enable the option Set/Alter VAT Details?.
8. Select the required Classification in VAT Details screen.
9. Press Ctrl+A to accept.
