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Value Added Tax in Tally.ERP 9
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Value Added Tax in Tally.ERP 9
Physical &
E-Returns(State-Specific)
Avail/AdjustInput credit
Classification
Based Calculations
Purchase/ Sales -Returns & Additions
Sales
(Tax/ Retail/ MRPinvoicing)
Purchases
(Trading/Capital
goods)
Value Added Tax
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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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Tally Solutions Pvt. Ltd.
331 - 336, Raheja Arcade
Koramangala
Bangalore - 560 095
Tel : +91 (80) 30282559
Fax : +91 (80) 30287329
Email: [email protected]
Thank you
