Friday, August 3, 2012

Q-Base-VAT : Creating Purchase Voucher without Inventory under VAT' Tally.ERP 9

Creating Purchase Voucher without Inventory under VAT '@ Tally.ERP 9

Example :
On 1-6-09, Universal Traders purchased from Sujan Ltd., Bangalore, Surya Lamps 20 nos at Rs. 300 each & Philips lamps 30 nos at Rs. 500 each. (Input VAT - 840.)

Enter the details of the transaction in voucher mode (without Inventory) Go to Gateway of Tally > Accounting Vouchers > F9: Purchase.
1. Date1-6-2009.
2. Credit Sujan Ltd.Rs. 21840 (Purchase + VAT amount).
3. In the bill-wise details give the new reference as S/01.
4. Debit Purchase @ 4%. Select End of List in the Inventory Allocation screen as you will not be entering any inventory details. A sub screen asks for VAT/Tax Class. Select Purchase @
4%Total amount of Purchases is Rs. 21000.
5. Select the Input VAT Ledger and in the sub screen that appears, select Input VAT @ 4% in VAT/Tax Class. Enter the total cost Rs. 21000, in Assessable Value and press Enter to return to the voucher.
6.Tally.ERP 9 displays the Input VAT amount as Rs. 840 (4% of Rs. 21000) by default. You can also choose to enter this amount

7. Type the narration and press or Enter to accept the screen