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Purchase, Sales and Additional Expense/Income Ledger (VAT)

Creating ledgers in TallyPrime is very simple. You can create a common purchase ledger for all types of purchases without defining tax details in the purchase ledger master. The same can be done for common sales ledgers. For separate ledgers, define different tax rates in the purchase and sales ledger masters.

Purchase Ledgers in TallyPrime

Common Purchase Ledger

Gateway of Tally > Create > type or select Ledger > and press Enter.
Alternatively, press Alt+G (Go To) > Create Master > type or select Ledger > and press Enter.
Enter the Name of the purchase ledger.
Select Purchase Accounts in the Under field.
Set the option Inventory values are affected to Yes.
Set the option Type of Ledger to Not Applicable.
Note: The option Type of Ledger is provided based on the state specific requirements of VAT/CST forms and annexures. It appears based on the State selected in Company VAT Details screen. In this example, Bihar is selected as the State.
Set Is VAT/CST applicable to Applicable.
Press Enter to skip the field Set/Alter VAT Details. The Ledger Creation screen is displayed as shown below:
Accept the screen. As always, you can press Ctrl+A to save.

Ledger with Purchase Nature of Transaction and Tax Rate

Gateway of Tally > Create > type or select Ledgers > and press Enter.
Alternatively, press Alt+G (Go To) > Create Master > type or select Ledger > and press Enter.
Enter the Name of the purchase ledger.
Select Purchase Accounts in the Under field.
Set the option Inventory values are affected to Yes.
Set the option Type of Ledger to Not Applicable.
Note: The option Type of Ledger is provided as per the requirements of state specific return forms and annexures. This option is provided for Bihar.
Set Is VAT/CST applicable to Applicable.
Set the option Set/Alter VAT Details to Yes.
In the VAT Details screen, set the Classification option to:
- Undefined if unique tax rate and commodity details have to be defined.
- Any of the user-defined VAT Classification. Once it is applied, all the other options disappear and the cursor returns to the Ledger Creation screen.
Select the Nature of Transaction.

Enter the Tax rate.

Note: The option Additional Tax appears on selecting the State as Uttar Pradesh in the Company VAT Details screen.

The VAT Details screen appears as shown below:

Accept the screen. As always, you can press Ctrl+A to save.

Ledger Creation for Uttarakhand VAT

In the Ledger Creation screen of the company enabled for Uttarakhand VAT, the additional options of Is Sales Tax applicable and Set/alter sales tax cess appear as shown below, if sales tax cess feature is enabled in the Company Feature Alteration screen:

Set the rate of cess in the Sales Tax Cess screen and press Enter to save.

Sales Ledgers in TallyPrime

Common Sales Ledger

Gateway of Tally > Create > type or select Ledgers > and press Enter.
Alternatively, press Alt+G (Go To) > Create Master > type or select Ledger > and press Enter.
Enter the Name of the sales ledger.
Select Sales Accounts in the Under field.
Set Inventory values are affected to Yes.

Set the option Type of Ledger to Not Applicable.

Note: The option Type of Ledger is provided based on state specific requirements of VAT/CST forms and annexures. It appears based on the State selected in the Company VAT Details screen. In this example, Bihar is selected as the State.

Set Is VAT/CST applicable to Applicable.
Press Enter to skip the field Set/Alter VAT Details. The Ledger Creation screen appears as shown below:
Accept the screen. As always, you can press Ctrl+A to save.

Ledgers with Sales Nature of Transaction and Tax Details

Gateway of Tally > Create > type or select Ledger > and press Enter.
Alternatively, press Alt+G (Go To) > Create Master > type or select Ledger > and press Enter.
Enter the Name of the sales ledger.
Select Sales Accounts in the Under field.
Set Inventory values are affected to Yes.
Set Is VAT/CST applicable to Applicable.
Enable the option Set/Alter VAT Details.
Select the required Classification in VAT Details screen. In the VAT Details screen, set the Classification to:
- Undefined if unique tax rate and commodity details have to be defined.
- Any of the user-defined VAT Classification. Once it is applied, all the other options will disappear and the cursor returns to the Ledger Creation screen.
- Select the Nature of Transaction.
- Enter the Tax rate.
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Note: The option Additional Tax appears on selecting the State as Uttar Pradesh in the Company Creation screen.
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  The VAT Details screen appears as shown below:
- Press Enter to save, and return to the Ledger Creation screen.
Accept the screen. As always, you can press Ctrl+A to save.

Sales Ledgers in TallyPrime for Uttarakhand VAT

In the Ledger Creation screen of company enabled for Uttarakhand VAT, the additional options of Is Sales Tax applicable and Set/alter sales tax cess appear as shown below, if sales tax cess feature is enabled in the Company Features Alteration screen:

Set the rate of cess in the Sales Tax Cess screen and press Enter to save.

Discount Ledger in TallyPrime

Gateway of Tally > Create > type or select Ledger > and press Enter.
Alternatively, press Alt+G (Go To) > Create Master > type or select Ledger > and press Enter.
Enter the Name of the ledger.
Select Indirect Expenses in the Under field.
Set the option Inventory values are affected to No.

Select the Type of Ledger as Discount.

Note: The option Type of Ledger is provided based on the state specific requirements of VAT/CST forms and annexures. It appears based on the State selected in the Company VAT Details screen. In this example, Bihar is selected as the State.

The Ledger Creation screen appears as shown below:

Accept the screen. As always, you can press Ctrl+A to save.

Click here for options provided in purchase, sale and additional expense/income ledgers as per state specific requirements of VAT/CST returns and annexures.