The VAT Registers for Kenya comprises VAT Purchase Register and VAT Sales Register .
The VAT Purchase Register provides complete details of all the purchases made in a particular tax period. This register captures the invoice-wise purchases with voucher number, VAT registration number, stock items invoiced, invoice value, assessable value, apportioned additional expenses, VAT/Tax classifications and tax amount.
To view the VAT Purchase Register
1. Go to Gateway of Tally > Display > Statutory Reports > VAT > VAT Register > Vat Purchases .
2. Press F12: Configure .
3. S et all the options to Yes for obtaining the complete purchase details.
The options shown in the Configuration screen are:
o Show Voucher Number : This field will be set to Yes to display the voucher number.
o Show Voucher Ref. : Set it to Yes to display the Reference Number entered in the purchase invoice.
o Show Quantity Details : This field will be set to Yes to display the quantity purchased.
o Show Rate Details : Set it to Yes to display the rate at which the stock items were purchased.
o Show Item Value : Set it to Yes to display the assessable value of stock item purchased.
o Show Additional Cost : This field will be set to Yes to display the value entered while invoicing for additional expense or income ledger enabled for apportionment.
o Show MRP Value : Set it to No .
o Show VAT/TAX Class : Set it to Yes to display the VAT/TAX Class column. The VAT/Tax classifications selected while recording purchase transactions will be captured here.
o Show Party from supplementary : Set this to Yes to display party details selected using Party List button in supplementary details / Party Details screen while recording cash purchases.
o Sorting Method : Select the required option to sort based on TIN or the alphabetical order (increasing/decreasing order) of party names and display the list of transactions.
4. Press F1 : Detailed to display the inventory details and VAT/Tax classifications in the VAT Purchase Register screen.
5. Scroll horizontally to view the columnar details.
The VAT Sales Register provides complete details of all the Sales made in a particular tax period. It is a register which captures the invoice-wise Sales with voucher number, VAT registration number, stock items invoiced, invoice value, assessable value, apportioned additional incomes, VAT/Tax classifications and tax amount.
To view the VAT Sales Register
1. Go to Gateway of Tally > Display > Statutory Reports > VAT > VAT Register > Vat Sales .
2. Press F12: Configure .
3. Set all the options to Yes for obtaining the complete sales details.
The options shown in the Configuration screen are:
o Show Voucher Number : This field will be set to Yes to display the voucher number.
o Show Voucher Ref : Set it to Yes to display the voucher reference number entered in Ref field of sales/tax invoice.
o Show Quantity Details : This field will be set to Yes to display the quantity sold.
o Show Rate Details : Set it to Yes to display the rate at which the stock items were sold.
o Show Item Value : Set it to Yes to display the assessable value of stock item sold.
o Show MRP Value : Set it to No .
o Show VAT/TAX Class : Set it to Yes to display the VAT/TAX Class column. The VAT/Tax classifications selected while recording sales transactions will be captured here.
o Show Party from supplementary : Set this to Yes to display party details selected using Party List button in supplementary details / Party Details screen while invoicing cash sales.
o Sorting Method : Select the required option to sort based on TIN or the alphabetical order (increasing/decreasing order) of party names and display the list of transactions.
In the VAT Sales Register screen, press F1 : Detailed button (Alt+F1) to display the inventory details and VAT/Tax classifications.
4. Scroll horizontally to view the columnar details.
