We want to create a Vat 5% Ledger in Tally 7.2. Right now We created the 5% ledger under Duties and Taxes and selected 4% input/output VAT TAX/Class as there is no 5% Vat/Tax Available.
I wonder how to get 5% Vat/Tax Class. Any help with this will be highly appreciable. Thanks in advance.
Besides what Subramanya advice, if you want to try something new & free ( not pirated) and your needs are limited go for free version of busy ul 3.6 e-10 from below link having accounting software with inventory, invoice printing & vat computation. You can change vat\cst rate yourself whenever there is a change.