How can I file VAT in Tally?
File VAT Returns in XML Format
- Gateway of Tally > Display More Reports > Statutory Reports > VAT Reports > VAT Forms.
- Alternatively, press Alt+G (Go To) > type or select VAT Reports > VAT Forms > and press Enter.
- Press Ctrl+E to export the return details.
- Accept the screen.
What is VAT report in Tally?
VAT returns is filed by registered VAT dealers with the VAT authorities at the end of the reporting period. You can generate this return form in Tally. ERP 9. Further, to help you verify the tax details before generating the returns, a report is available that displays the tax computation for the return period.
How do you active the VAT feature in Tally erp9?
Enabling VAT
- Go to Gateway of Tally > F11: Features > Statutory & Taxation . The Company Operations Alteration screen appears.
- Set the option Enable Value Added Tax (VAT)? to Yes .
- Enable the option Set/alter VAT details? to open the Company VAT Details screen.
What is a tally vault?
TallyVault is a feature in Tally. ERP 9 that will help the business to maintain confidentiality of information by encrypting the data.
What is the shortcut key of valuation in tally?
Tally Shortcuts
| Shortcut | Description |
|---|---|
| ALT + F9 | To select the Receipt Note Voucher Type |
| ALT + F10 | To select the Physical Stock Voucher Type |
| ALT + F12 | To filter the information based on monetary value |
| CTRL + ALT + F12 | Advanced Config |
Under which account input VAT output VAT ledger should be created?
| Q. | Input Vat Ledger is created under which account? |
|---|---|
| B. | Sales |
| C. | Sales Return |
| D. | None of these |
| Answer» a. Duties & Taxes |
What is the use of Ctrl M in Tally?
Tally Shortcuts
| Shortcut | Description |
|---|---|
| Ctrl+M | Switches to Main Area of Tally Screen |
| Ctrl+N | Switches to Calculator / ODBC Section of Tally Screen |
| Ctrl+R | Repeat narration in the same voucher type irrespective of Ledger Account |
| Ctrl+T | Mark any voucher as Post Dated Voucher |
What is VAT TIN number in Tally erp9?
VAT TIN (Regular): Enter the Tax Identification Number (TIN) in this field. The TIN is 11 digit number. Local Sales Tax Number: This field will be skipped on selecting the Type of Dealer as Regular. This number will be provided only for dealer who does not posses a VAT/TIN.
How many types of VAT are there?
There are three types of VAT, they are: Consumption type. Income type. Gross National Product (GNP) type.
What is tally prime?
What is TallyPrime? TallyPrime is a complete business management software for small and medium business. TallyPrime helps you manage accounting, inventory, banking, taxation, banking, payroll and much more to get rid of complexities, and in turn, focus on business growth.
What is shut company in Tally?
Shut a Company is to unload it. It does not mean that you have deleted it. Simply select it again to load and work on it again.