For goods transfer from the various branches of the company, no VAT is attracted, but for maintaining proper accounts. Tally provides different VAT classes for inter-branch transfer transaction.
For example if goods are to be transfered from Kolkata branch to Mumbai branch. In this case of branch transfer outward for kolkata branch create ledger named Delhi branch under Branch/Division group.
Transfer out a/c under sales group and set 'Yes' at the option 'use in VAT'. Select Consignment/Branch transfer outwards and set 'yes' at Inventory values are effected.
In the sales invoice , select the delhi branch a/c in the Party's A/c Name field and at sales ledger select Transfer Out Ledger.
In case of transfer inward, create the ledger as Transfer in a/c under purchase group and voucher class is Consignment/Branch transfer inward.
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Oct 16, 2009
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Basics about Tally
Copying masters from one company to another
Cost Category and Cost Centre
Download ODBC software
Download PayCheck 2.0 software
Download Tally 7.2
Download Tally 7.2 to Tally 9 Migration Utility
Download Tally 9
Excise Duty
Export and import data from one company to another
Exporting of Data from Tally
Fringe Benefit Tax(FBT)
Group Company
Importing Data to Tally
Interest Calculation
Multi Columnar Reports
Multiple comapny activation
Scenario
Security Levels
Security of data
Service Tax
Split Financial Year
Tax Collected at Source(TCS)
Tax Deducted at Source(TDS)
Value Added Tax(VAT)
Voucher Entries
Web enabled features of Tally
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