Presents. VAT INBUILT This module has been developed to facilitate Traders for VAT Calculation .
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Transcript of Presents. VAT INBUILT This module has been developed to facilitate Traders for VAT Calculation .
Presents
VAT INBUILT
This module has been developed to facilitate Traders for VAT Calculation
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The Add on automatically calculates VAT and help the user
for speedy entry.
User only require to enter price of the product or Item. Add
on calculates VAT amount automatically, and display the
VAT + Product Price = MRP.
Understanding Invoice is quiet easy, as we can view and
print VAT amount & Product price separately. The total of
both is MRP.
The add on saves user’s manual calculation time, while
doing any entry.
Features:-
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Setup Details:-
Gateway of Tally > Accounts Info > Ledgers > Create Ledgers1st Ledger is “Sales @ 5%”. This Ledger comes under “Sales Account”. Under Statutory information Set “Yes” to Used in VAT Returns.
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2nd Ledger is “Output VAT @ 5%”. This Ledger comes under “Duties & Taxes”. Type of Duty/Tax: “VAT”, Sub Type: “Output VAT”, VAT/Tax Class: “Output VAT @ 5%”.
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Set Yes to Activate Reverse Calculations for VAT
Gateway of Tally > Accounts Voucher Creation > Voucher Configuration
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User require to enter only MRP, which includes all taxes. Add on will automatically calculates the VAT, and show us both the figures in separate column.
Gateway of Tally > Accounting Voucher Creation
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We can see the VAT in Invoice too.
www.tallyboys.com
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Email: [email protected] Website: www.tallyboys.com
