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Discussion > VAT > Others >

Manual entry of vat purchase and sales

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Manager (Accounts)


[ Scorecard : 193]
Posted On 10 May 2012 at 13:23 Report Abuse

 

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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Giridhar S Karandikar
Team Lead


[ Scorecard : 2834]
Posted On 10 May 2012 at 13:29

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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