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Sales – Tax Free (VAT)

You can create vouchers for tax free sales.

This nature of transaction is provided for Assam, Dadra & Nagar Haveli and Daman & Diu, Chandigarh, Madhya Pradesh, Maharashtra and Punjab.

Gateway of Tally > Vouchers > press F8 (Sales).
Alternatively, press Alt+G (Go To) > Create Voucher > press F8 (Sales).
Select the party ledger in the field Party A/c name.
Select the sales ledger grouped under Sales Accounts with Nature of transaction set to Sales – Tax Free.
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.
Select the stock item. Enter the Quantity and Rate.
As always, press Alt+C, to create a master on the fly. Alternatively, press Alt+G (Go To) > Create Master > type or select Stock Items > press Enter.
Set the option Provide VAT details to Yes. In the Statutory Details screen
- Enter the sales details as shown below:
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Note: Options in the above screen appear based on the State selected in the Company VAT Details screen.
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- Press Enter to save and return to the sales invoice. The sales invoice appears as shown below:
Accept the screen. As always, you can press Ctrl+A to save.