VAT IN INVENTORY VOUCHER

VAT IN INVENTORY VOUCHER

To maintain VAT in Inventory Voucher follow these steps.

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).

Create ledger as follow:-

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

After that create stock master as follow:-

To Create Stock Group: - G.O.T. (Gateway of Tally)--> Inventory Info--> Stock Group--> Create.

To Create Stock Item: - G.O.T. (Gateway of Tally)--> Inventory Info--> Stock Item--> Create.

Now do voucher entry as follow:-

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

Press F8 to open Sales Voucher.

Now view the VAT computation.

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

Press “Alt + F1” for details.