can any body tell me how to manage vat ledgers in tally. i know how to create input tax , out put tax ledgers by saying yes to statutory features, but iam facing trouble regarding how to adjust input vat amount with output vat amount and how to make statutory payment in tallya? pls answere me friends!
you can create simple vat account under the head current assets and transffer the vat input and output to the vat account and balancing figure will be vat recoverable or payable
Hi Sanju,
You can download state specific Reference manual from Tally website. Please clik on below link
https://experts.tallysolutions.com/tallyweb/modules/operation/extranet/CXERPDownloadViewMgr.php
and download your respective state reference manual and check the complete procedure from creation of ledgers to State specific VAT Reports (including efiling).
With regards,
Subramanya
Aggarwal Sarawagi and Co
New Delhi
CA
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Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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T R SOOD & CO
New Delhi
CA Inter
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