VAT IN ACCOUNTING VOUCHER

VAT IN ACCOUNTING VOUCHER

VAT is maintained in both Accounting and Inventory mode. If you want to maintain VAT in Accounting Voucher then follow the steps given below.

To maintain:-

Create a company and then activate VAT as follow:-

To Activate VAT: - G.O.T. (Gateway of Tally)--> Press F11 (Company Features)--> Press F3 (Statutory & Taxation).

After that press “enter”.

Again press “enter” many times.

Accept it by pressing “y” or “enter” key.

Create ledger as follow:-

Path for ledger creation: - G.O.T. (Gateway of Tally)--> Accounts Info--> Ledger--> Create (Single).

Now do voucher entry as follow:-

Path for voucher creation: - G.O.T. (Gateway of Tally)--> Accounting Voucher--> Press F9 (Purchase Voucher).

Press F8 to open Sales Voucher.

Now you can see VAT computation follow:-

Path for view VAT Computation: - G.O.T. (Gateway of Tally)--> Display--> Statutory Report--> VAT Report--> VAT Computation.

For more information, press “Alt + F1”.