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Manual entry of vat purchase and sales

Manager (Accounts)



 

Dear All,

I am using Tally.ERP in Ethiopia but there is no Statutory Compliance and VAT Class available for the country Ethiopia in Tally.ERP9. So I want to know which ledger accounts should be opened for entries of VAT Purchase and VAT Sales in Tally and under which head. And how would I calculate and do entry of VAT Computation. 

Please help me and oblige.

Thanks and regards

Ajay Singh

 
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Team Lead



For VAt purchase open the account  VAT Input Credit under the head current assets & for VAT Sales open the Account VAT Output under current liability.


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