To enter the VAT details
1. Select the Type of Dealer from the Type of Dealer list.
2. Enter the VAT TIN No. The VAT Details screen appears as shown below:
3. Press Enter to save.
In a transaction, the state and the country entered in the sundry creditor or debtor ledgers determine if the transaction is local, interstate, or import/export.
VAT details like Type of Dealer, and VAT TIN of registered dealers are defined in the party ledger. Further, you can configure party ledgers to enter additional information like CST details, exemption details, and import/export details, as required.
To create a party ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create.
2. Enter the Name of the supplier ledger.
3. Select Sundry Creditors or Sundry Debtor from the List of Groups, in the Under field.
4. Set Maintain balances bill-by-bill? to Yes.
5. Enter the Default credit period, if any.
6. Set Check for credit days during voucher entry? to Yes, if required.
7. Set Inventory values are affected? to Yes, if required.
8. Enter the Mailing Details.
9. Select the required Country.
10. Select the required State.
11. Enter the Pincode.
12. Specify the bank details in the field Provide bank details, if required.
13. Enter the PAN / IT No.
14. Enable the option Set/Alter VAT Details? and provide the relevant details.
The Ledger Creation screen appears as shown below:
15. Press Enter to save.
To configure VAT details
1. Click F12: Configure in VAT Details screen.
2. Enter the CST number.
3. Enter the Export/Import Code.
4. Select the Type of exemption.
5. Enter the Notification/ SEZ Reg No. and Date.
6. Press Ctrl+A to accept.