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.