In Tally.ERP 9, you can record a sales voucher to account for a sales transaction with tax on MRP.
To record sales transaction with tax on MRP
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales .
2. Select the customer name in the Party’s A/c Name field.
3. Select the required Sales Ledger .
4. Select the stock item for which Calculate VAT on MRP is enabled.
o Select the Godown name and enter Quantity and Rate for the item.
o Press Enter .
5. Select the common VAT ledger. The rate will be calculated automatically based on MRP of the item.
6. Select additional tax ledger.
7. Click A : Tax Analysis button to display the Tax Analysis screen.
o Click F1 : Detailed button to view the names of stock items. The Tax Analysis screen appears as shown below:
o Press Esc to return to voucher.
The sales invoice appears as shown below:
8. Press Enter to save.