VAT Sales Transaction
Back to: Advanced Course In GST and Direct Taxation
VAT and CST Sales Transactions in Tally ERP 9:
VAT Sales Transactions in Tally ERP 9:
Example:
Croma Electronics Pvt. Ltd. Sold CCTV Cameras to Mahesh Realty Pvt Ltd for Rs.13, 650/- and VAT rate is 5%.
Lets pass a Sales entry:
- Go to Gateway of Tally.
- Go to Accounting Voucher.
- Select Sales Voucher (Shortcut F8)
- Write Date
- Select party Ledger “Mahesh Realty Pvt Ltd”
- Select Sales Ledger “Sales @ 5 %”
- Select Stock Items, Rate and Qty
- Select Tax Ledger “Output VAT @ 5%”
- Select “New Reference” in references option
- Write narration
- Accept the screen.
- You can check the transaction in that party ledger or Sales ledger in Reports.
- Your VAT computation report will be also updated as you make transactions.
- Make receipt as usual like we have seen in earlier module.
