Excise stock in tally erp 9

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Rajesh Wadhawan (Querist)
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04 November 2014 We have started our accounts in Tally ERP 9 this year for the first time. We had stock of excise goods with us purchased from various vendors.
We also require to pass on MODVAT as per the invoices in stock.
Please let us know how to enter this excise stock in the new year i.e. this running year.
we are trading firm.
We have to pass on modvat credit to our customers and also maintain the inventory.

Amol S Joglekar

Amol S Joglekar (Expert)
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04 November 2014 create each account in account master. At the time of creation of account, it will prompt for opening balance. Put the quantity and rate in each item at that time.

Rajesh Wadhawan

Rajesh Wadhawan (Querist)
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05 November 2014 In that case we can enter only closing or opening stock but not bill wise excise details which we require when Excise sale invoice is generated.

I want to know how to enter excise details along with opening stock for the first time when we are shifting from other software to Tally ERP 9 .

Amol S Joglekar

Amol S Joglekar (Expert)
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06 November 2014 once we enable EXCISE and VAT throught "statutory books" menu option in tally, it prompts for qty and rate.

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