Value Added Tax in Tally.

ERP 9

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Value Added Tax in Tally.ERP 9

Purchases (Trading/Capital goods)
Physical & E-Returns (State-Specific) Value Added Tax Sales (Tax/ Retail/ MRP invoicing)

Avail/Adjust Input credit Classification Based Calculations

Purchase/ Sales Returns & Additions

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Features of Value Added Tax

Accurate VAT calculation Determine VAT Liability/Refund Meets all accounting and statutory norms Statutory VAT & CST Reports

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Accurate VAT Calculation

VAT calculation based on VAT/Tax classifications Provision to apportion expenses for VAT Calculation Maintain MRP based entries Avail ITC on capital goods immediately or in installments

Account for Purchase Tax on Unregistered Dealers Purchases

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Determine VAT Liability/Refund

Avail Input credit during purchases Pay advance tax and adjust towards VAT liability/refund Adjust Input VAT credit against Output VAT

Central Sales Tax

Automate the offsetting of VAT dues against tax credit Computation report for VAT liability/refund

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Meets all Accounting and Statutory norms

Seamless integration with Accounts & Inventory Meets all Statutory Requirements of VAT provisions

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Statutory VAT and CST Reports

Regular VAT Forms for 32 States/Union Territories Composite VAT Forms for 21 States/Union Territories Central Sales Tax Forms for 17 States/Union Territories Supporting Annexures for VAT/CST Forms

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Generation of E-Returns
Facility to generate e-returns for applicable States by exporting data: Directly in the prescribed format or To Templates prescribed by Commercial Taxes Department Procedure of generating e-returns using Template files: Download Templates from Commercial Taxes Department website Copy files to Tally.ERP 9 installed folder Export the data to respective template files Save the Files and upload as prescribed by the Department

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Thank you

Tally Solutions Pvt. Ltd. 331 - 336, Raheja Arcade Koramangala Bangalore - 560 095 Tel : +91 (80) 30282559 Fax : +91 (80) 30287329 Email: sales@tallysolutions.com

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