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VAT in Accounts only Company in Tally ERP 9

In this chapter, You will learn how to configure VAT in Accounts only company in Tally.ERP 9 release 5. Step1 Configure Company maintaining Accounts only. First You have to create a company Maintaining Accounts only . To activate Accounts only…
How to enter VAT inclusive sales transaction in Tally ERP 9

To specify rate inclusive of VAT in Tally.ERP9 release 5 and above. In the sales/purchase voucher, click F12: Configure Enable  Provide support for inclusive of tax for stock item rate as Yes.   Press enter and save, Now you can see a new…
How to calculate VAT on quantity in Tally ERP 9?

In some states VAT rate should be calculated on the quantity instead of total invoice amount in order to prevent evasion of tax. In Tally ERP 9 release 5, you can calculate VAT based on quantity .Let’s check how to do…