Monday, April 30, 2012

How to view the VAT computation in Tally ?


-          To view the VAT computation, follow the steps:
-          From Gateway of Tally – Display – VAT Reports – VAT Computation
Press F12 and type ‘1-4-XXXX’ in From field and ’30-4-XXXX’ in To field.
Press F12 and set ‘show all VAT classifications’ to Yes
Make the following change in the Configuration:
Show All VAT Classifications                     ?  Yes
Now the computation will display the Inter-state Purchase under Other (VAT Not Applicable) heading where the total purchases including ‘Input CST’ will appear under Assessable value and Tax Amount column will be blank.

2 comments:

  1. This is nice information for everyone. But I think it would be hard for other's who don't have any background on this.

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