To use party details in the process of business transactions, create ledgers. Party ledgers can be created for interstate or intrastate parties, and VAT/CST details can be configured as required.
To create a supplier ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .
2. Enter the Name of the supplier ledger.
3. Select Sundry Creditors as the group name, 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. Enter the Mailing Details .
8. Select the required Country .
9. Select the required State .
10. Enter the PIN Code .
11. Provide bank details, if required.
12. Enter the PAN/IT Number .
13. Enable the option Set/Alter VAT Details .
The Ledger Creation screen appears as shown below:
14. Press Enter to save.
To create a customer ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .
2. Enter the Name of the customer ledger.
3. Select Sundry Debtors as the group name 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. Enter the Mailing Details .
8. Select the required Country .
9. Select the required State .
10. Enter the PIN Code .
11. Provide Bank Details , if required.
12. Enter the PAN/IT Number.
13. Enable the option Set/Alter VAT Details .
The Ledger Creation screen appears as shown below:
14. Press Enter to save.
Note: For interstate transactions, you can create ledgers for suppliers and customers belonging to other states.
To enter CST number and exemption details
1. Click F12: Configure in VAT Details screen.
o Set Allow CST Number to Yes to define the party’s CST number.
o Set Allow Exemption Details to Yes if the party has to be classified as SEZ or Notification .
o Set Allow Import Export Code to enter the Export/Import Code
2. Enter the CST No. in VAT Details screen.
3. Select the Type of Exemption . The VAT Details screen appears as shown below:
Note: If the Type of Dealer is selected as Regular and VAT TIN No. field is left blank, the warning message TIN is blank. is displayed.
4. Enter the required Notification/SEZ Reg Number and Date .
Note: The option Sales/purchases against Form C? appears in the VAT Details screen if the party's State selected is other than Haryana . The same setting is retained for the option Is against C Form? in the Party Details screen of transactions.
5. Press Enter to save.
