Statutory adjustment
Posted in Tally.ERP9 Goa

How to claim 75% input credit on tax paid under NPV scheme in Tally ERP 9?

To claim the output VAT on restrictive tax invoice as input credit  Go to Gateway of Tally > Accounting Vouchers > F7: Journal.  Click J: Stat…

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Is tax invoice : Yes
Posted in Tally.ERP9 Goa

How to pass transactions under NPV scheme in Tally.ERP9?

The procedure of recording purchases and sales is same for NPV dealers and regular registered dealers. However, toclaim 75% of the output tax charged on…

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NPV Adjustment journal
Posted in Tally.ERP9 Goa

How to adjust Input credit claimed under NPV with Output tax In Tally ERP 9?

While recording the journal voucher to claim 75% of output VAT on restrictive tax invoices as input credit, if: Common VAT ledger is used, the…

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Sales voucher type alteration
Posted in Tally.ERP9 Goa

What is NPV Scheme? configure Restrictive Tax invoice in Tally ERP9

What is NPV Scheme? The Goa Value Added Tax Department-cum-Net Present Value Compulsory Payment Scheme, 2005 came into force on 1 April 2005. It is…

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