Create Party Ledger (Excise for Dealer)

You can create a party ledger by entering the excise details.

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .

2. Enter the Name of the supplier ledger.

3. Group it under Sundry Creditors .

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 State if India is selected as the country. If India is not selected as the Country , cursor will skip the State option.

Note : Dadra & Nagar Haveli and Daman & Diu is listed in the State field in Release 6.6.3 and later versions.

10. Enter the PIN Code . If India is not selected as the Country , cursor will skip the PIN Code option.

11. Provide Bank Details if required.

12. Enter the PAN .

13. Enable the option Set/Alter Excise Details to view the Excise Details screen.

Note:

♦ The option Set/Alter Excise Details will be displayed when the ledger is grouped under Sundry Creditors and Sundry Debtors or any user defined group created under these predefined groups.

♦ Ladakh is listed in the State field in Release 6.5.5 and later versions.

14. Enter the relevant details in Excise Details screen.

● Select the Default Nature of Purchase .

Note: While recording an invoice, if any other Nature of Purchase has to be selected, it can be done from Party Details screen of the invoice.

● Under Registration Info. section, provide details as given below:

o Enter the ECC No. , IEC number , Range , Division and Commissionerate as per requirement .

Note: In the Configuration screen of Excise Details screen, the option Enable Importers ECC No . is provided. If the same unit is registered under dealer and importer registrations, enable this option to provide both the registration numbers.

o Select the Notification Type as Tariff or Non Tariff . To provide notification details, click F12: Configure and set the option Enable notification details to Yes . The Notification Details section will appear in Excise Details screen.

o Enter the applicable Notification Number and Notification Serial Number .

15. Enable Set/Alter VAT Details option to view the VAT Details screen and provide the relevant details. The ledger appears as shown below:

16. Accept the Ledger Creation screen.

Similarly, create the party ledger grouped under Sundry Debtors.