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Sales Exempt – On Going (VAT)

You can record exempt on-going sales by selecting the nature of transaction Sales Exempt – On Going.

This nature of transaction is provided for Maharashtra.

  1. Gateway of Tally > Accounting Vouchers > F8: Sales.
  2. Enter the Reference no..
  3. Select the party ledger in the field Party’s A/c Name.
  4. Select the sales ledger grouped under Sales Accounts with Nature of transaction set to Sales Exempt – On Going.
    The sales invoice appears as shown below:Voucher Recorded for Sales Exempt - On Going in TallyPrime
  5. Press Enter to save.

The value of this transaction gets captured in the relevant fields of state-specific VAT/CST forms and annexures.

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