Dear All,
I am using Tally.ERP in Ethiopia but there is no Statutory Compliance and VAT Class available for the country Ethiopia in Tally.ERP9. So I want to know which ledger accounts should be opened for entries of VAT Purchase and VAT Sales in Tally and under which head. And how would I calculate and do entry of VAT Computation.
Please help me and oblige.
Thanks and regards
Ajay Singh
For VAt purchase open the account VAT Input Credit under the head current assets & for VAT Sales open the Account VAT Output under current liability.
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