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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

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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