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Presents. VAT INBUILT This module has been developed to facilitate Traders for VAT Calculation www.tallyboys.com.

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Presentation on theme: "Presents. VAT INBUILT This module has been developed to facilitate Traders for VAT Calculation www.tallyboys.com."— Presentation transcript:

1 Presents

2 VAT INBUILT This module has been developed to facilitate Traders for VAT Calculation

3  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:-

4 Setup Details:- Gateway of Tally > Accounts Info > Ledgers > Create Ledgers 1 st Ledger is 5%”. This Ledger comes under “Sales Account”. Under Statutory information Set “Yes” to Used in VAT Returns.

5 2 nd Ledger is “Output 5%”. This Ledger comes under “Duties & Taxes”. Type of Duty/Tax: “VAT”, Sub Type: “Output VAT”, VAT/Tax Class: “Output 5%”.

6 Set Yes to Activate Reverse Calculations for VAT Gateway of Tally > Accounts Voucher Creation > Voucher Configuration

7 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

8 We can see the VAT in Invoice too.

9


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