How to Create VAT Ledger Masters in Tally ERP 9

Value Added Tax (VAT) is charged at every level of purchase and sales and thus the purchase
and sales transactions involve VAT. create necessary Purchase, Sales, Input and Output VAT
ledgers with the required VAT Classifications.

To create VAT Ledger Masters in Tally.ERP 9, follow the steps given below :

Go to Gateway of Tally > Accounts Info. > Create

Type the Name of the Ledger

  • Select the required Group
  • Select the Type of Duty/Tax as VAT
  • Select the required VAT Classification from the list of VAT Classification in the VAT/Tax
  • Class field (The Percentage of Calculation and Method of Calculation is automatically defaulted with the % and On VAT Rate respectively)
Save screen
While creating Sales / Purchases Ledgers, enable the folllowing
  • 􀂇 Set Used in VAT Returns to Yes and select the required VAT/Tax Class
While creating Party Ledgers, enable the following
  • 􀂇 Specify the TIN/Sales No. details

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