Add to Favourites

Sales Taxable – On Going (VAT)

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

This nature of transaction is provided for Assam and Maharashtra.

1. Gateway of Tally > Vouchers > press F8 (Sales).
   Alternatively, press Alt+G (Go To) > Alter Voucher > press F8 (Sales).
2. Press Ctrl+H (Change Mode) to select the required voucher mode (Accounting Invoice, in this case). 
3. Select the party ledger in the field Party A/c name.
   As always, press Alt+C, to create a master on the fly. Alternatively, press Alt+G (Go To) > Create Master > type or select Ledger > press Enter.
4. Select the sales ledger grouped under Sales Accounts with Nature of transaction set to Sales Taxable – On Going.
   As in other transactions, you can create the ledger on the fly by pressing Alt+C. Alternatively, press Alt+G (Go To) > Create Master > type or select Ledger > and press Enter.
5. Enter the Amount.
6. Select the VAT ledger. The sales invoice appears as shown below:
   
7. Accept the screen. As always, you can press Ctrl+A to save.

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