Using tally 7.2 ? and confusing where to seek help ?
First of all, I would like to advice you to upgrade to Tally.Erp 9 if you are really keen to account your business in a professional way with more accuracy, speedy to keep pace with the latest statutory compliance. click here learn how to accounting perfectly for vat, excise and cst in tally.erp 9
If you like tally.erp 9 then you can download the latest version of tally.erp 9 by clicking here
Normally, I do not provide support and guidance for tally 7.2 but considering a huge request from tally 7.2 users, today, I am giving some tricks and tips for tally 7.2
If you want to enjoy auto calculation of Excise, Vat, CST, Discount etc then first of all, you need to configure your tally as given below:
Go to main menu of tally and Press F12
Now, select Invoice/Order Entry
Set “ use of Excise format to “ Yes
and at the other options
Set “Calculate tax on current sub-total “ to Yes
Press CTRL + A to accept the screen
Now open a new ledger for duties i.e.
Excise, Vat ,Cst etc and if you already have opened it then alter it as given below :
For creating Excise, Cess and SHE select the duty type as others from the drop down menu
Set Inventories value affected as No
& of calculation 8 for excise duty, 2% for Cess and 1 % for SHE (rates prevailing as on the date of posting this article
Select method of calculation as on total sales for excise duty, Additional duty for Cess and and SHE
Now accept the screen by pressing Ctrl +A
on the same way, either create a new account for input vat or modify the same
Select Vat as duty type from the drop down menu
select vat class as input vat @4% from the sub screen
Set inventories values are affected as NO
rate of calculation and method of calculation will come automatically
Now accept the screen
on the same way you can create cst @ 2% on purchase ledger or can modify the existing ledger
just select CST as duty type
vat tax class as interstate sales
% of calculation as @ and method of calculation on total sales
And its all Done.
Now, while posting a purchase bill Select item invoice
and when you will select an item of purchase, just type rate and quantity and then select excise duty and press enter, the duty will automatically captured by the system
Then select other duty type, i.e. Cess, SHE vat or CST etc and it will be automatically calculated
press enter until you finish the voucher or ctrl +A to accept the screen
If you face any problem, do not hesitate to ask me via comment or sending a mail to me.
Mahendra is founder and CEO of the I Vision Infotech, Authorised Tally Sales and Service Partner and helping Tally users to learn Tally and accounting free through this site
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Dear sir,
I follow your suggestions about vat entries but one problem will be ac cure that is the vat class list not include 14% and also i dont know how will be the entries are done. -plz give me a suggestions.
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