Price list is a feature provided by tally solution
pvt ltd to the user by which a business man used to set the different price
level to the different customer present in the organization. This feature is
very useful to know the status of the customer. This feature is used by all the
organization for setting the different price level and discount level to the
customer according to their purchasing ability of the consumer. The detail
information about a particular product also can easily be determined by the
organization by this feature.
Procedure of activating the payroll feature.
1. Press F11.
2. Choose inventory feature.
3. Set ‘yes’ to the option use multiple price level.
4. Immediately a dialog box will appear.
Wholeseller Retailer Customer. |
5. Set the type of customer.
6. Accept it.
Procedure of dealing with the price list.
1. Go to gateway of tally.
2. Choose inventory info option.
3. Choose pricelist option.
4. A dialog box will appear.
5. Choose all item from that dialog box.
6. Set the type of customer in that dialog box.
7. Set the different price level and discount rate to the different customer.
8. Accept it.
Procedure of activating the discount column
feature.
1. Press F11.
2. Choose inventory feature.
3. Set ‘yes’ to the option use separate discount column on invoice.
4. Accept it.
Procedure of dealing the price list including the
voucher.
1. Go to gateway of tally.
2. Choose accounting or inventory voucher.
3. Choose sales or delivery note.
4. Make the voucher entry.
N.B:- Price level is only maintained if the stock
item available with the organization.
Statutory &
Taxation
Statutory & taxation is one of the segment of
tally by which a businessman used to deal with the different type of tax like
VAT, TDS, TCS, CST etc.. In this segment a businessman used to calculate the
tax and file the tax return at the end of a certain period. This segment is one
of the most important segment of tally.
Value Added Tax
Meaning :- It is an indirect method of collecting
the tax from different individual on the commodity generally used by them in
their day to day life. This type of tax was introduced in India in the session
of 2004-2005 for making the tax payment uniform. This type of tax is collected
in the lieu of sales tax. This type of tax is collected by sales tax
department. It is collected from all channel of distribution. VAT is collected
in two different way.
1. Input Vat.
2. Output Vat.
Input vat:- It is a type of tax paid at the time of
purchasing the stock item from the supplier.
Output vat:- It is a type of tax collected at the time
of selling the stock item to the customer.
Vat rates
There are different vat rates provided by Govt. to
the user to deal with those are.
1. VAT @1%.
2. VAT@4%
3. VAT@12.5%(13.5%)
4. VAT @20%
5. Exempted VAT.
VAT@1%:- This rate of vat is calculated on gold,
silver and luxurious product present in an environment.
Vat @4%:- This rate of vat is calculated on
medicine and drugs. But in certain states it is calculated on electronic items
also.
Vat @12.5%(13.5%):- This rate of vat is calculated
on all items present in the market. It is also treated as a common vat rate.
Vat @20%:- This rate of vat is calculated on
alcoholic product like wine, heroine etc..
Exempted vat:- There about 46 commodities present
over the market on which no vat will be charged.
TIN:- Tax
Identification Number.
it is a number provided by Govt. to the assessee to
file the VAT return at the end of a certain period. It is the identification
number by which the detail information about a particular assessee can easily
be determined. TIN must be 11 digit number. Eg:23092309223.
Procedure of activating the Vat
1. Press F11.
2. Choose statutory and taxation option.
3. Set ‘yes’ to the option enable VAT.
4. Set ‘yes’ to the option set and alter VAT details.
5. A dialog box will appear.
State Odisha Type of
dealer Regular Regular VAT applicable from :1-4-… |
6. Set the detail information in that dialog box.
7. Accept it.
Procedure of dealing with the vat
1. Go to gateway of tally.
2. Choose account info option.
3. Choose ledger option.
4. Choose create option under single ledger.
5. Create some ledger relating to the vat.
a. Purchase @4%-Purchase account.
b. Sale @4%-Sales account.
c. Input vat@4%-Duties &Taxes.
d. Output vat@4%-Duties &taxes.
6. Go to gateway of tally.
7. Choose accounting voucher.
8. Choose the respective voucher.
9. Make the voucher entry.
a. Purchase the following stock item From Mr.Anil
i. 20 Pkt of Parle Monaco @10.
b. Sold the following stock item to Miss india.
i. 18 Pkt of Parle Monaco @10.
10. Accept it.
Procedure of displaying the vat report
1. Go to gateway of tally.
2. Choose display option.
3. Choose statutory report option.
4. Choose vat report option.
5. Choose vat computation option.
6. Display the vat reports.
Adjustment of Value Added Tax.
Incase of vat refundable
Vat refundable account-------------------------debit
Input vat
account---------------------------------credit.
Vat refundable amount received
cash/bank
account-------------------------------debit
vat refundable
account-------------------------credit
incase of vat payable
output vat account-----------------------------debit
vat payable
account---------------------------credit
vat payable amount paid
Vat payable account-------------------------debit
Cash/ bank account-------------------------credit.
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