Recording Sales to Special Economic Zone (SEZ)

Record sales to special economic zones (SEZ) under Sales Zero Rated as the Nature of Transaction .

To create a customer from SEZ location

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. Provide bank details , if required.

9. Enter the PAN/IT No .

10. Enable the option Set/Alter VAT Details?

o Select the Type of Dealer in VAT Details screen.

o Enter VAT TIN No .

o Click F12: Configure .

o Set Allow exemption details? to Yes , and press Ctrl+A to accept and return to VAT Details screen.

o Select the option SEZ / STP / EHTP in the field Type of Exemption .

o Enter the notification/registration number of SEZ in the field Notification/SEZ Reg Number .

o Enter the notification/registration Date .

o Press Enter to save and return to ledger creation.

11. Press Ctrl+A to save.

5. Select the required stock items and enter Quantity and Rate for the stock item.

o Select I Form in the Form to receive field, and provide other details in Statutory Details screen.

Recording Sales to Special Economic Zone (SEZ) - West Bengal