ISBN 9788183332392,Managing VAT with Tally 9

Managing VAT with Tally 9




BPB Publications



BPB Publications


ISBN 9788183332392

ISBN-10 8183332390


Number of Pages 280 Pages
Language (English)

Engineering: general

VAT & CST comprise plethora of rules and involve intricate computation.   There are many issues involving complex computation and adjustments in respect of valuation of stock, Tax element included in stock-in-hand, purchase & consumption of goods from unregistered dealers, inter state sales, purchases & Transfers, import & export, Input Tax Credit adjustments & Carry forward.   People have to consult books on Law as well as Books on Accounting to maintain proper accounts & submit Returns. Often, they use customized or special external applications for Invoicing & Accounting and re-enter the data in their centralised accounting system. This details extra effort, time & cost incurred on duplicate data entry and rectification of errors resulting there from.   TALLY, the most popular accounting software, contains in-built modules to compute & maintain VAT & CST accounts, invoices & statutory Returns.   This book is aimed to give complete solution to Accountants providing important legal provisions on VAT & CST as well as implementation & maintenance of an Integrated invoicing & Accounting system using Tally 9. This will help you to maintain all information centralized without using any other software application.   Part A of the book contains the salient features, important Law & Rules of VAT & CST, in simple language. It explains the main provisions of law regarding charge, realisation, payment of tax submission of returns and maintenance of relevant records, servicing as a guide book on Law and Rules on the relevant subjects.   Part B of the book contains detailed steps of maintaining accounts relating to VAT & CST, Forms Receipts, Issues & Tracking of pending Forms.   Contents: Part A : Basics .......VAT Rules     Ch A-1 : Introduction to VAT     Ch A-2: Value Addition     Ch A-3: Input Tax Credit method     Ch A-4: VAT Basics     Ch A-5: Zero Rate Tax     Ch A-6: Capital Goods     Ch A-7 VAT Administration     Ch A-8: Accounts & Audit     Ch A-9: VAT Composition   CST Rules     Ch A-10 :Central Sales Tax     Ch A-11: Inter State Sales     Ch A-12: Tax Liability on Inter State Sales     Ch A-13: Registration of Dealers     Ch A-14: Tax Levy & Collection     Part B: VAT & CST with Tally 9       Ch B-1   VAT Set Up in Company      Ch B-2   Sales & purchase Voucher Entry     Ch B-3   Debit & Credit Notes      Ch B-4   VAT Computation Statement     Ch B-5   VAT Deposit     Ch B-6   VAT Return     Ch B-7   Tax Invoicing     Ch B-8   Purchase Invoice Entry     Ch B-9   Debit & Credit Note with Inventory     Ch B-10: Invoice Printing     Ch B-11  Voucher Class      Ch B-12  VAT Inclusive Invoicing     Ch B-13  VAT on MRP     Ch B-14  Inter-State Purchase & Sales     Ch B-15  Inter-State Transfers     Ch B-16  CST Form Management     Ch B-17  Export Sales     Ch B-18  VAT Exempted Purchase & Sales     Ch B-19  Capital Goods     Ch B-20  Input Tax Credit on Opening Stock     Ch B-21  Tax Credit Reversal     Ch B-22  VAT Composition Tax     Ch B-23  VAT Composition Voucher Entry     Ch B-24  VAT Composition Reports   Appendix A: VAT Classification