© Tally Solutions Pvt. Ltd. All Rights Reserved Value Added Tax in Tally.ERP 9

© Tally Solutions Pvt. Ltd. All Rights Reserved 2 Value Added Tax in Tally.ERP 9 Value Added Tax Purchases (Trading/Capital goods) Sales (Tax/ Retail/ MRP invoicing) Purchase/ Sales - Returns & Additions Classification Based Calculations Avail/Adjust Input credit Physical & E-Returns (State-Specific)

© Tally Solutions Pvt. Ltd. All Rights Reserved 3 Features of Value Added Tax Accurate VAT calculation Determine VAT Liability/Refund Meets all accounting and statutory norms Statutory VAT & CST Reports

© Tally Solutions Pvt. Ltd. All Rights Reserved 4 Accurate VAT Calculation VAT calculation based on VAT/Tax classifications Provision to apportion expenses for VAT Calculation Maintain MRP based entries Avail ITC on capital goods immediately or in installments Account for Purchase Tax on Unregistered Dealers’ Purchases

© Tally Solutions Pvt. Ltd. All Rights Reserved 5 Determine VAT Liability/Refund Avail Input credit during purchases Pay advance tax and adjust towards VAT liability/refund Adjust Input VAT credit against  Output VAT  Central Sales Tax Automate the offsetting of VAT dues against tax credit Computation report for VAT liability/refund

© Tally Solutions Pvt. Ltd. All Rights Reserved 6 Meets all Accounting and Statutory norms Seamless integration with Accounts & Inventory Meets all Statutory Requirements of VAT provisions

© Tally Solutions Pvt. Ltd. All Rights Reserved 7 Statutory VAT and CST Reports Regular VAT Forms for 32 States/Union Territories Composite VAT Forms for 21 States/Union Territories Central Sales Tax Forms for 17 States/Union Territories Supporting Annexures for VAT/CST Forms

© Tally Solutions Pvt. Ltd. All Rights Reserved 8 Generation of E-Returns Facility to generate e-returns for applicable States by exporting data: Directly in the prescribed format or To Templates prescribed by Commercial Taxes Department Procedure of generating e-returns using Template files: Download Templates from Commercial Taxes Department website Copy files to Tally.ERP 9 installed folder Export the data to respective template files Save the Files and upload as prescribed by the Department

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