Vat/ tax classification in tally erp 9
This query is : Resolved
09 December 2014
how to create and delete vat/tax classification part for example output tax @ 5 in tally erp 9 ....
10 December 2014
1. Enable VAT. Gateway of Tally > F11: Features > F3: Statutory > Set Enable VAT to Yes
2. Gateway of Tally > Accounts Info > Ledgers > Create
Enter the name of the ledger for eg Output VAT @ 5%
Select Duties and Taxes from the list of Groups
In Type of Duty/Tax select VAT
In VAT sub type select Output VAT
In Default VAT /Tax class select Output VAT @ 5%
Save the creation screen
2. Gateway of Tally > Accounts Info > Ledgers > Create
Enter the name of the ledger for eg Output VAT @ 5%
Select Duties and Taxes from the list of Groups
In Type of Duty/Tax select VAT
In VAT sub type select Output VAT
In Default VAT /Tax class select Output VAT @ 5%
Save the creation screen
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