How do I maintain output and input VAT ledgers in Tally?

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Sundeep Chandrakant Kamath

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Go to Gateway of Tally > Accounts Info. > Ledger. 1. Create the ledger Input VAT @ 4% under Duties and Taxes. 2. Select Input VAT @ 4% from the drop down list of VAT classification 3. The ledger Input VAT @ 4% appears The Percentage of Calculation field displays the VAT...
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Go to Gateway of Tally > Accounts Info. > Ledger. 1. Create the ledger Input VAT @ 4% under Duties and Taxes. 2. Select Input VAT @ 4% from the drop down list of VAT classification 3. The ledger Input VAT @ 4% appears The Percentage of Calculation field displays the VAT rate that you have selected in the VAT/Tax Class field and the Method of Calculation displays On VAT Rate if you have selected VAT under Type of Duty/Tax. 4. After entering the details as displayed in the above ledger creation screen, press Ctrl+A to accept the screen. read less
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through ledger creation u create output and input vat under duties and taxes
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