Query in Tally 7.2

yes i agree with Rohit Kapoor, then you need to Upgrade to Tally ERP 

Dear Monica

Check the Following

1. In Company alteration mode " Give Yes to Used in Indian Vat "

2. Enter the vouchers in Invoice Mode

3. On Configuration Screen Keep "Yes" on Calculate tax on current sub-total

With Regards

Mona,

I am agree with Himansu , the option is available in Tally 7.2, but during bill booking the problem of round off occers. So better to calculate manually.

Is you opt the option of tax calculation then u can not change any thing....during bill booking, specially during creditors bill booking.

Regards,

Rahul

Besides the steps as narrated by Himanshu , you have to, while creating / altering sales account,  choose the vat rate under vat class.

yaa i agree wid himanshu and sukhdev

Great thanks to all !!! Thanks again !!!

In Tally 7.2 you can do

Monica,

If u want to calculate any tax in tally 7.2 you can do that, it might be VAT,Service Tax or Any other tax, necessary changes are as follows:

Go to Ledger Creation

Select Under group as Duties & Taxes

Select type of duty/tax as others ( if the tax percentage you are looking is not there in the standard list, eg: New vat rates like 5% or 13.5%)

on Percentage of Calculation specify the percentage

Save the ledger

while entering sales or purchase details select invoice format so that on selection of the above ledger tax will be calculated automatically

example: See the attachment

Regards,

Ranjith