Getting Started with VAT - Kenya

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Introduction

Configuring VAT Masters

Recording Transactions

Creating Company and Enabling VAT

Masters

Stock Group

Stock Item

Party Ledger

Purchase and Sales Ledger

VAT Ledger

Purchases

Taxable Purchases

Taxable Purchases with Additional Ledgers

Purchases - Imports @ 16%

Purchase and Purchase Returns of Capital Goods (Kenya VAT)

Zero Rated Purchases

Imports

Purchase - Exempt

Sales

Taxable Sales

POS Invoice

Taxable Sales with Additional Ledgers

Sales Inclusive of Tax

Zero Rated Sales

Sales Exempt

Exports

Overriding Assessable Value and Tax in Invoice

Adjustments and Payments

Purchase Returns

Change in Agreed Purchase Consideration

Sales Returns

Change in Agreed Sales Consideration

Non-Deductible Input Tax

Carrying Forward Input Tax Credit

Adjustment of VAT Withheld

VAT Refund Claim

VAT Payment

VAT Form-3

Returns Summary

Particulars (Computation Details)

Payment Details

Summary of Exceptions

Saving the Return

Overwriting VAT Form-3

Saving VAT Form-3 As Revised

Exporting VAT 3 Form