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.