5% tax ledger vat tax class not create
This query is : Open
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%.
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%.
CA. Vinodh Kothari
(Expert)
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
Hope this will solver your query.
VK
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
Hope this will solver your query.
VK
Message likes :
1 times
06 December 2016
Thank u sir for ur rply, i m follow step as per given but in vat competition not show but i m working in Tally erp 9 Rel. 4.3.
CA. Vinodh Kothari
(Expert)
06 December 2016
Suggest you to update to Latest version in old version there are certain issues.
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