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Creating VAT Commodity for botswana VAT

To create a VAT Commodity Go to Gateway of Tally > Inventory Info. > VAT Commodity > Create 1. Enter the Name of VAT Commodity as Agricultural Products. 2. In the Used for field, select VAT. 3. In the VAT…
Create Sundry Creditor Ledger Botswana VAT

To create a Sundry Creditor (Supplier) ledger, Go to Gateway of Tally > Accounts Info. > Ledger > Create Click on F12: Configure button and set the field Use ADDRESSES for Ledger Accounts to Yes. In the Ledger creation screen,…
Create Input VAT Ledger for botswana VAT

To create an Input VAT ledger, Go to Gateway of Tally > Accounts Info. > Ledgers > Create 1. Enter the Name as Input VAT @ 12%. 2. Select Duties & Taxes as the group name in the Under field.…
Purchase of Taxable Goods botswana VAT

Example 1: On 1-7-2011, Premier (Pty) Ltd. purchased the following items taxable at 12% VAT Rate from Letsego Trading Limited vide invoice number P001: Step 1: Let us create the required Masters to record the above transaction. Creating Masters i.…
Enabling Botswana VAT in Tally.ERP 9

Creating a Company It takes a one-time configuration in Tally.ERP 9, to enable VAT. Let us take an example of a VAT Registered person – Premier (Pty) Ltd. to illustrate the same. Example: Premier (Pty) Limited is a company engaged…

The Value Added Tax Act of Botswana was passed by Parliament in December 2000 and gazetted on 1st February 2001. As per the VAT law there are two rates of tax viz., Zero Percent and a standard rate of 12…