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%.
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.
06 December 2016
Suggest you to update to Latest version in old version there are certain issues.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Rental income of jointly held property
- ITR-3 File/Error Found
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
