In response to my post http://www.tallynine.com/2009/04/problems-in-vat-and-excise-in-tally-9.html Tally solutions send me the screen shot on how to deal with excise and vat esp. in case of an element of packing charges, freight etc. The only new thing in this entire document is that you can alter details of assessable value by Pressing ALT +F1 when you show the statutory details. I will check if it is working fine or not. meanwhile the document will help users in learning how to open ledger accounts for vat,excise duty, sales and purchase. However latter on I will explain a detailed idea about selection of duty, creating item ledger account and duty applicable to item.
the document can be download from the following url
http://rapidshare.com/files/227797775/excise_and_vat.doc
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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what does it means input vat not selected in purchase voucher entry
It means you have to select INPUT VAT rate like InputVAT @ 4% or InputVAT @ 12.5%.
One more thing Input VAT rate you will mention according to you purchasing item.
It means you have to select INPUT VAT rate like InputVAT @ 4% or InputVAT @ 12.5%
One more thing Input VAT rate you will mention according to you purchasing item.
what is the difference between only sale & retail sale?? when should be both used???
Sir
I m Asked about of Vat,TDS,And Sale TAX Entry in TAlly.ERP9 BEcause i HAve Start My job in Accounting Field in New Start Company.
PLease Explin Detail
Additional vat not properly calculated when item is more than one is sales & purchase bill