02 tally instant tax invoice landscape

Master Mind SolutionsTally Accounting Institute

www.mastermindsolutions.in

Tally Instant

Vat & CST Tax %

Invoice

http://www.mastermindsolutions.in/

Tally Invoice Instant Vat Tax % Raise Quick Invoice

We, need not select the Vat Tax % For Vat Tax Calculation

We have to change the set up file :-

Enable Vat F11 Create Ledgers :- –

1- Party Ledger …2- Sales Ledger…3- Vat Tax Ledger

Create Voucher :->Vat Tax Rate

First Let us Configure Vat Statutory Set UpPress F.11 Features Key ( Picture One)

Next Pop Up Box will appear -> Contains Company FeaturesSelect “ Statutory & Taxation”


(Previous Picture)First Let us Configure Vat Statutory Set Up

Press F.11 Features Key Next Pop Up Box will appear -> Contains Company Features

Now you are in :-“ Statutory & Taxation”

“Yes” To Enable Value Added Tax (VAT)“Yes” To -> Set / Alter VAT Details

Select State-> TamilnaduType of Dealer -> Regular

Regular Vat Applicable From-> 01/04/2014Vat Configuration Set Up is Completed

“Yes” To Accept…

( Picture One)Create Ledgers:- Leger Name -> “Sales Vat Local 4%”

Select Group Under -> “Sales Account” in the List of Ledger Accounts Menu“Yes” -> To Inventory Values Are Affected

( Picture Two)Statutory Information

“Yes” To -> Used in Vat Returns-> EnterNext Pop up Window Appear-> “ VAT / TAX Class”

Select -> “Sales @ 4%”“Yes” To -> Use of Assessable Value Calculation

( Picture Three)Method of Apportion - > Select “ Based On Quantity”


Create Ledgers:- Party Ledger

Leger Name -> “Sun & Moon Enterprises” Group Under -> “Sundry Debtors” -> Select from the List of Ledger Accounts Menu

“Yes” -> To Maintain Balances Bill –By-BillDefault Credit Period -> 30 Days

Enter To Accept


Create Ledgers:- Vat Tax Ledger Leger Name -> “Vat Tax @ 4%”

Group Under -> “Duties & Taxes” -> Select from the List of Ledger Accounts MenuType of Duty / Tax -> Select “VAT” From Pop Up Menu Types of Duty / Tax

Default Vat / Tax Class -> Select “ Input Vat @ 4% From the VAT / Tax Class“No” To Maintain Bill-By-Bill

Percentage of Calculation -> @ 4% Automatically Selected by TallyMethod of Calculation - > On Vat Rate

Rounding Method – “Say” Not ApplicableEnter To Accept

Picture One

Create Inventory Ledgers:- Product Name -> “ Air Compressor Unit”

Jump To :-Units-> No’s ( Numbers)Pass over the -> Tax Information

Picture Two Create Inventory Ledgers:-

Product Name -> “ Honda Generator 5 Kva”Jump To :-Units-> No’s ( Numbers)Pass over the -> Tax Information

Instant Vat Tax InvoiceWe Have to Raise the Sales Invoice in a Special Sales Entry Mode

Let us Create a Special Voucher:-

Pictures :- 1-2-3Gateway of Tally-> Accounts Information-> Voucher Type-> Create

Picture:-4Voucher Name -> Vat Instant 4%

Select :- Type of Voucher-> Sales ( Group) From the List of GroupsMethod of Voucher Numbering-> Automatic

“Yes” To -> Use Common NarrationPrinting Mode :- As is where is.

Important :-Name of Class-> Vat Instant 4 %

Enter To Next Window…

I MPORTANT

Instant Vat Tax Invoice

Divided by Three Fields - > Fill the Fields as belowAfter Enter into -> Name of Class-> Vat Instant 4 %

Field One :- You are in Voucher Class:-> Vat Instant 4 %

Step 1:-Exclude These Groups Field -> In Blank -> Select -> End of List…..EnterStep 2 :-Include These Groups Field -> Select “ Sundry Debtors” From the List of Groups

Sundry Debtors reflects to Sales Parties - > Funds Receivable

Let us See the Next FieldsField Numbers Two & Three

IMPORTANTField - 1

Field -2

Field - 3

Instant Vat Tax InvoiceField Numbers Two & Three

Field Two :- You are in Voucher Class:->

Default Accounting Allocation For Each Item in InvoiceNow Curser stands in “ Ledger Name Field”

Select Ledger Name From the List of Ledger Accounts -> “ Sales Vat Local 4%”

Let us See the Next Field VAT/Tax Class Field

Field - 1

Field -2

Field - 3

Instant Vat Tax InvoiceField Numbers Two & Three

Field Two:-Previously :-Selected Ledger Name From the List of Ledger Accounts -> “ Sales Vat Local 4%”

Now We are in - >VAT/Tax Class FieldSelect “Sales @4%” From the VAT Tax Class Pop Up Menu

Next Field - Percentage-> 100 % Let us See the Next

Field- Three

Field - 1

Field -2

Field - 3


Field Three:-Additional Ac counting Entries ( Taxes/ Other Charges)The Blank Field represents -> Taxes & Other Charges

Select Vat Tax 4% -> From the List of Ledger Accounts.. EnterNext Field :- Type of Calculation Select -> Calculation Methods -? “ On Total Sales”

Enter to Continue…Next

Field - 1

Field -2

Field - 3


You are in Voucher Class:-> Vat Instant 4 %Exclude These Groups Field -> Select Nil-> End of List

Include These Groups Field -> Select “ Sundry Debtors”…Enter Now Include Group -> Occupies “ Sundry Debtors”

Default Accounting Allocations For Each Item In Invoice:-

Ledger Name- Select “ Sales Vat Local 4%”Now Ledger Name -> “ Sales Vat Local @4%” Occupied

VAT /Tax Class Field -> Select “ Sales @ 4% From the List of Accounts Menu

The Blank Field represents -> Taxes & Other ChargesSelect Vat Tax 4% -> From the List of Ledger Accounts.. Enter

Next Field :- Type of Calculation Select -> Calculation Methods -? “ On Total Sales”…EnterValue Basis -> 4% Tax

Rounding Method - > Not ApplicableRounding Limit -> Set Blank

Remove if Zero-> “Yes”This is the completion of Vat Class …

Field -1

Field -2

Field -3

Field - 1

Field -2

Field - 3

Instant Vat Tax InvoiceSelect Sales Voucher Entry How?

Field One:-Gateway of Tally-> Accounting Vouchers->Select -> Sales F8

Sales Voucher Contains:- Financial Accounts ., Inventory & Statutory.Date-> Serial Numbers->Party’s Ledger Name-> Vat Class

Product Name-> Item Quantity-> Rate-> Per-> Discount %-> AmountField Two:-

Press F8 Sales Voucher Mode Select “ Vat Instant 4% -> From List of Types.. Enter

Field Three:- Now you are in Voucher Type-> Name Vat Instant 4 %.

Select Class-> “Vat Instant 4%” From the Voucher Class List Yes…Instant Vat Tax Invoice is ready to work.

Sales in Default Mode

Instant Vat Tax InvoiceSales Voucher Entry How?

Field One:- Now you are in Special Sales Entry Mode Viz., “ Vat Instant 4%”

Exhibiting :- Date -> Serial Numbers“ VAT TAX @4%

Field Two:-In the blank field :- Select Party Name “ Sun & Moon Enterprises” From the List of Ledger Accounts

Sales in Voucher Class Mode


Field One:-

Party Name Selected :- “ Sun & Moon Enterprises” From the List of Ledger AccountsEnter To Inventory Field..

Field Two:-Name of Item:- Blank Field-> Select the Product

“ Air Compressor Unit”…Enter to Next…


Field One:-Name of Item:- Blank Field-> Product Selected

“ Air Compressor Unit”… Enter to Next…

Field Two:-“ Item Allocations for : “ Air Compressor Unit”

Do as follows…Godown- > Main Location

Quantity-> 1 No’sRate-> Rs.1,50,000-00

Amount Calculated -> Rs.1,50,000-00Enter to Select Next Product..


Field One:-Party Name-> Sun & Moon Enterprises“

Item (1) “ Air Compressor Unit” Quantity-> 1 No’s…..Rate-> Rs.1,50,000-00…..Amount Calculated -> Rs.1,50,000-00

Note :Vat Tax 4% Ledgers is instantly displaying & Vat 4% Tax is Auto Calculated by Tally is Rs.6,000-00

Product Value Rs.1,50,000-00 x 4%/100 = Rs.6,000-00You need not select Vat Tax ….& No Display of Ledger Accounts

Enter to Select Next Product..

Field Two:-Select Next Product “ Honda Generator 5 KVA” From the List of Items

Enter To Next ….

Instant Vat Tax Invoice - >Sales Voucher Entry How?

Field One:-

Party Name-> Sun & Moon Enterprises“ Item (1) “ Air Compressor Unit” ……. Quantity-> 1 No’s…..Rate-> Rs.1,50,000-00…..Amount Calculated -> Rs.1,50,000-00

Note :Vat Tax 4% is Auto Calculated by Tally is Rs.6,000-00

Select Next Product “ Honda Generator 5 KVA” From the List of Items

Field Two:-Quantity-> 1 No’s…..Rate-> Rs.2,50,000-00…..Amount Calculated -> Rs.2,50,000-00

Enter -> NowProducts Value is Rs.4,00,000-00

Vat Tax 4% is Auto Calculated by Tally Product s -> Rs.16,000-00Total Party Amount is Rs.4,16,000-00

Instant Vat Tax Invoice - >Sales Voucher Entry How?

Sales Voucher Mode-> “Vat Instant 4%”Voucher Class -> Vat Instant 4%

Date -> 01/04/2014Party Name-> Sun & Moon Enterprises“

Item (1) “ Air Compressor Unit” .Qty-> 1 No’s…..Rate-> Rs.1,50,000-00…..Value->Rs. 1,50,000-00 Item (2) “ Honda Generator ” Qty-> 1 No’s…..Rate-> Rs.2,50,000-00……....Value-> Rs.2,50,000-00 Total Item Value -> Rs.4,00,000-00 Vat Tax 4% is Auto Calculated by Tally is-> Rs. 16,000-00 Total Party Amount is-> Rs.4,16,000-00

Master in Tally Learn

Tally Tips & Tricks

02 tally instant tax invoice landscape

Education

vat tax ledgerleger

chargesselect vat tax

vat tax ratefirst

vat tax classno

class vat instant

input vat

vat configuration

completion of vat class