05 December 2016
Respected Sir, In tally erp.9 Vat Tax class purchase @ 5%, Input Vat @ 5% & Output Vat @ 5% not tracking (even not showing ). I had been try to every side but not solve that problem. How to create this ledger in Vat Tax class purchase @ 5%, Input Vat @ 5% & Output Vat @ 5%.
05 December 2016
Steps Applicable for Tally ERP 9 Rel 5.4 and above Step 1 - Activate VAT Statutory Module F11>F3 Select VAT yes > Set alter details Yes Step 2 - Create ledger Purchase VAT @ 5% > Group Purchase > Inventory Value affected Yes > VAT / CST Applicable Yes > Set Alter Yes > Nature of Transaction Select Purchase Taxable > Tax Rate 5% (Note : You should not provide the Tax Rate in the Inventory Item)> Save Step 3 - Create ledger Input VAT 5% > Grouping Duties & Taxes > Type of Duty/Tax VAT > Don"t provide Tax Percentage as Tax Rate is specified in Purchase Ledger Step 4 - Create ledger Output VAT 5% > Grouping Duties & Taxes > Type of Duty/Tax VAT > Don"t provide Tax Percentage as Tax Rate is specified in Sales Ledger
Pass an entry and check you should get the desired result.
If you are using Tally Version below rel 5.4 then provide the Tax Rate in Input VAT & Output VAT Ledger
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