Excise for Maunfacturer
       in Tally.ERP 9


© Tally Solutions Pvt. Ltd. All Rights Reserved
Excise Duty
 • Excise Duty or Duty on Excise is a tax on goods
   manufactured or produced in India and intended for
   do...
Excise Duty
 • Excise Duty is an indirect tax.
 • The liability of payment of Excise Duty is of
   manufacturers or produc...
Scope and Applicability
         Excise Duty can be levied, only on the fulfilment of the
         below mentioned conditi...
Manufacturer
         Manufacturer is a person who actually manufactures or
         produces excisable goods, i.e. one th...
Excisable Goods
 • Excisable Goods means goods specified in the schedule
   to the Central Excise Tariff Act, 1985 as bein...
Types of Excise Duties
 1. Basic Excise Duty:This is the duty charged under section 3 of the
    Central Excises and Salt ...
Types of Excise Duties
         3.Education Cess on Excise Duty: Section 93 of
         Finance (No. 2) Act, 2004 states t...
Types of Excise Duties…
 4. Excise duty in case of clearances by EOU: The EOU units are
    expected to export all their p...
Types of Excise Duties…
 6. Duties under other Acts: Some duties and cesses are
    levied on manufactured products under ...
Types of Excise Duties…
 7. Additional Duty on goods of special importance - Some goods of special
    importance are levi...
Types of Excise Duties…
 8. Duty on Medical and Toilet preparations: A duty of excise is
    imposed on medical preparatio...
Types of Excise Duties…
 11.Special Additional Duty of Customs (Special CVD):
   Special CVD is being imposed on items bou...
Valuation Methods
 • Value of the excisable goods has to be necessarily
   determined to levy the duty on the goods.
 • Un...
Valuation Methods 1. Ad valorem/ Transaction Value:
 • Transaction value means the value of goods which are
   sold at th...
Valuation Methods  2. Ad Quantum:

 • In case of Ad Quantum the duty is payable on the basis
   of certain unit Like Weig...
Valuation Methods  3. Value determined on the basis of
 M R P:
 • Retail sale price means the maximum price at which the
...
Duties eligible for CENVAT Credit…
 • A manufacturer or producer of final product is allowed to take
   CENVAT credit of d...
Duties eligible for CENVAT Credit…
 •       Additional Excise Duty paid under Additional Duties of Excise (Textile and
   ...
Excise Control Code (ECC) Number
 • The ECC number is a registration number, issued to all
   the Central Excise Assessees...
Excise Control Code (ECC) Number
 • ECC number is a PAN based 15 digit alpha numeric
   numbers. The first part denotes 10...
Excise Control Code (ECC) Number
 Category                                         Code

 Central Excise Manufacturer     ...
Excise Control Code (ECC) Number
 • Where the concerned person has more than one factory, say 3
   factories, having PAN a...
Central Excise Invoice System
 • An invoice is the document under cover of which the
   excisable goods are to be cleared ...
Removals only on invoice
 • Rule 11 of the Central Excise (No.2) Rules, 2001
   provides that no excisable goods shall be ...
Serially numbered invoice
 •       The invoice shall be serially numbered and shall contain the registration
         numb...
Serially numbered invoice
 • In case of computer-generated invoice, the serial
   number may be allowed to be generated an...
Number of Invoice copies
 The invoice shall be prepared in triplicate:
 • The original copy being marked as Original For B...
Number of Invoice book
 • The rule 11of the Central Excise (No.2) Rules, 2001
   provides that only one invoice book shall...
Number of Invoice book
 • Wherever, an assessee is allowed to keep more than one invoice
   book, he should be asked to ke...
Authentication of Invoices
 • The rule provides that owner or working partner or
   Managing Director or Company Secretary...
Intimation of serial numbers
 • Before making use of the invoice book, the serial
   numbers of the same shall be intimate...
Rounding off of duty in invoice
 • The amount of duty being shown in invoices issued
   under rule 11 of the Central Excis...
Types of Duties and Method of Calculation
      Type of Duty                                Duty Type   Method of calculat...
Types of Duties and Method of Calculation
       Type of Duty                               Duty Type   Method of calculat...
Returns & Timelines
       The following Returns are required to be filed under Excise for
                              M...
Salient Features of Excise in Tally.ERP

 • Simple and user-friendly
 • Quick and easy to set up and use
 • Allows Multipl...
Salient Features of Excise in Tally.ERP
 • Item wise Valuation Methods (Valorem, Quantum, MRP)
 • Maintain Rule 11 Excise ...
Salient Features of Excise in Tally.ERP
 •       Reversal of CENVAT Credit
 •       Print G.A.R. -7 Challan
 •       Maint...
Excise Process in Tally.ERP




© Tally Solutions Pvt. Ltd. All Rights Reserved
Enabling Excise in Tally.ERP
 • Lesson 1: Enabling Excise in Tally.ERP




© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Name: Enter the excise invoice book name allowed by
                                                  the Commissioner of ...
ABC - Denotes Company Name.




© Tally Solutions Pvt. Ltd. All Rights Reserved
Rule 11: Denotes that invoice book is maintained as per Rule 11 of Central Excise Rules, 2002




© Tally Solutions Pvt. L...
Book1: Stands for Book Number, which is allowed for the current financial year




© Tally Solutions Pvt. Ltd. All Rights ...
08-09: Denotes the financial year. 




© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Ledgers…
 1. Creating a Supplier Ledger




© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Ledgers…
 1 Creating a Supplier Ledger
 2 Creating a Customer Ledger




© Tally Solutions Pvt. Ltd. All Rights R...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Ledgers…
 1 Creating a Supplier Ledger
 2 Creating a Customer Ledger
 3 Creating a Sales Ledger




© Tally Solut...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Ledgers…
 1 Creating a Supplier Ledger
 2 Creating a Customer Ledger
 3 Creating a Sales Ledger
 4 Creating a Pur...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Ledgers…
 1 Creating a Supplier Ledger
 2 Creating a Customer Ledger
 3 Creating a Sales Ledger
 4 Creating a Pur...
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Ledgers…
 1 Creating a Supplier Ledger
 2 Creating a Customer Ledger
 3 Creating a Sales Ledger
 4 Creating a Pur...
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Ledgers…
 1 Creating a Supplier Ledger
 2 Creating a Customer Ledger
 3 Creating a Sales Ledger
 4 Creating a Pur...
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Ledgers…
 1. Creating a Supplier Ledger
 2. Creating a Customer Ledger
 3. Creating a Sales Ledger
 4. Creating a...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Ledgers…
 1. Creating a Supplier Ledger
 2. Creating a Customer Ledger
 3. Creating a Sales Ledger
 4. Creating a...
Creating Ledgers…
 1 A Supplier Ledger
 2 A Customer Ledger
 3 A Sales Ledger
 4 A Purchase Ledger
 5 A Input VAT Ledger
 ...
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Ledgers…
 1. Supplier Ledger
 2. Customer Ledger
 3. Sales Ledger
 4. Purchase Ledger
 5. Input VAT Ledger
 6. Ou...
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Ledgers…
 1 Supplier Ledger
 2 Customer Ledger
 3 Sales Ledger
 4 Purchase Ledger
 5 Input VAT Ledger
 6 Ouput VA...
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Ledgers…
 1. Supplier Ledger
 2. Customer Ledger
 3. Sales Ledger
 4. Purchase Ledger
 5. Input VAT Ledger
 6. Ou...
© Tally Solutions Pvt. Ltd. All Rights Reserved
Example : Based on Value
             Based on Value In case of Based on Value method of apportion, expenses will be appor...
Example : Based on Quantity
        Based on Quantity In case of Based on Quantity method of apportion, expenses will be a...
Creating Excise Voucher Types…
 1. Excise Purchase Voucher Type




© Tally Solutions Pvt. Ltd. All Rights Reserved
Excise Purchase Voucher Type




© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Excise Voucher Types…
 1. Purchase Voucher Type
 2. Sales Voucher Type




© Tally Solutions Pvt. Ltd. All Rights...
Sales Voucher Type




© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Excise Voucher Types…
 1. Purchase Voucher Type
 2. Sales Voucher Type
 3. Debit Note Voucher Type




© Tally So...
Debit Note Voucher Type




© Tally Solutions Pvt. Ltd. All Rights Reserved
Manufacturing Journal Voucher

 • Manufacturing Journal is used to account…
    the issue of raw materials to production ...
Manufacturing Journal Voucher




© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Tariff Classification …
 • Each and every goods manufactured or produced have
   to be classified for finding out...
HSN CODE
 • The Harmonized Commodity Description and Coding
   System (HS) of tariff nomenclature popularly known as
   Ha...
Creating Tariff Classification …
 1. Plastic Bottles




© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Tariff Classification …




© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Tariff Classification …
 1. Plastic Bottles
 2. Plastic Bottle Caps




© Tally Solutions Pvt. Ltd. All Rights Re...
Creating Tariff Classification …




© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Tariff Classification …
 1. Plastic Bottles
 2. Plastic Bottle Caps
 3. Water




© Tally Solutions Pvt. Ltd. All...
Creating Tariff Classification …




© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Tariff Classification …
 1. Plastic Bottles
 2. Plastic Bottle Caps
 3. Water
 4. Linear Low Density Polyethylene...
Creating Tariff Classification …




© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Stock Item - Raw materials
 1. Pet Bottles - 1Ltr




© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Stock Item - Raw materials
 1. Pet Bottles - 1Ltr
 2. Water Container 20 Ltrs




© Tally Solutions Pvt. Ltd. All...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Stock Item - Raw materials
 1. Pet Bottles - 1Ltr
 2. Water Container 20 Ltrs
 3. Bottle Caps




© Tally Solutio...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Stock Item - Raw materials
 1. Pet Bottles - 1Ltr
 2. Water Container 20 Ltrs
 3. Bottle Caps
 4. Low Density Pol...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Stock Item - Raw materials
 1. Pet Bottles - 1Ltr
 2. Water Container 20 Ltrs
 3. Bottle Caps
 4. Low Density Pol...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Stock Item - Finished Goods
 1. AquaPure - 1 Ltr




© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Stock Item - Finished Goods
 1. AquaPure - 1 Ltr
 2. AquaMini - 200 ml




© Tally Solutions Pvt. Ltd. All Rights...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Stock Item - Finished Goods
 1. AquaPure - 1 Ltr
 2. AquaMini - 200 ml
 3. AquaKing - 20 Ltr




© Tally Solution...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating Stock Item - Finished Goods
 1. AquaPure - 1 Ltr
 2. AquaMini - 200 ml
 3. AquaKing - 20 Ltr
 4. AquaEase - 20Ltr...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Transactions

© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating a Excise Purchase Voucher
           Not Availing CENVAT Credit




© Tally Solutions Pvt. Ltd. All Rights Reserv...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
When the CENVAT Credit is not availed
 • The Duty Legers selected won't display the ledger
   balance and duty amount will...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating a Excise Purchase Voucher
 Availing CENVAT Credit




© Tally Solutions Pvt. Ltd. All Rights Reserved
When the CENVAT Credit is availed…
 • The Duty Ledgers selected will display the ledger
   balance and duty amount will no...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
When the CENVAT Credit is availed…
 • In Stock Vouchers report stock item rate is displayed as
   the actual purchase rate...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating a Manufacturing Voucher
 • Manufacturing of Packed Drinking Water being a
   Process Industry, Manufacturing Jour...
Creating a Manufacturing Voucher…
 • To Manufacture > AquaPure - 1Ltr using
   Manufacturing Journal




© Tally Solutions...
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating a Manufacturing Voucher…
 • To Manufacture 10,000 U > AquaMini - 200 ml using
   Manufacturing Journal




© Tall...
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating a Manufacturing Voucher…
 • To Manufacture 10,000 U > AquaKing – 20 Ltr using
   Manufacturing Journal




© Tall...
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating a Manufacturing Voucher…
 • To Manufacture 1000 U > AquaEase - 20Ltr using
   Manufacturing Journal




© Tally S...
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating a Excise Sales
  Voucher_ Rule 11 Invoice


© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Rule 11 Invoice for
              Stock Items Falling
                Under Different
                Valuation Type
© Tal...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Rule 11 Invoice for
     Stock Items with
         Expenses
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating a Debit Note (Purchase
                Returns) _ Rule 11 invoice
 • As per Rule 11 of the Central Excise (No.2) ...
Creating a Debit Note (Purchase
                Returns) _ Rule 11 invoice
 • Invoicing under Rule 11 of the Central Excis...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating a Journal Voucher_CENVAT
                                                  Credit Adjustment

 • CENVAT Credit av...
Creating a Journal Voucher_CENVAT
               Credit Adjustment
 • In Tally.ERP to record the adjustment, CENVAT Duty
 ...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Creating a Payment
                  Voucher_GAR 7 Payment




© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Printing G.A.R.–7 Challan




© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Reports
 •       Excise Computation
 •       Daily Stock Register
 •       PLA Register
 •       Form ER 1
 •       Form E...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Daily Stock Register
 • Daily Stock Register is a record of stock maintained on
   daily basis.
 • A daily stock has to be...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
PLA Register
 • Personal Ledger Account (PLA) is an current account
   through which Assessee pays the Duty to the
   Gove...
© Tally Solutions Pvt. Ltd. All Rights Reserved
Form ER 1
   Form ER 1 is a monthly return for production, removal
   of Goods, other relevant particulars and CENVAT
   C...
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
CENVAT Credit Availed
         CENVAT Credit Availed report displays…
          the details of CENVAT credit availed of P...
CENVAT Credit Availed




© Tally Solutions Pvt. Ltd. All Rights Reserved
© Tally Solutions Pvt. Ltd. All Rights Reserved
Thank you…

© Tally Solutions Pvt. Ltd. All Rights Reserved
Upcoming SlideShare
Loading in...5
×

How to do Excise Accounting for Manufacturers in Tally.ERP 9

58,062

Published on

This tally presentation is a Apni Tally tutorial about How to do excise accounting for Manufacturers in Indian Accounting software Tally.ERP 9. Visit www.apnitally.com to
Get full list of Tally Tutorials about Tally ERP 9

Published in: Education, Technology, Business
28 Comments
64 Likes
Statistics
Notes
No Downloads
Views
Total Views
58,062
On Slideshare
0
From Embeds
0
Number of Embeds
5
Actions
Shares
0
Downloads
0
Comments
28
Likes
64
Embeds 0
No embeds

No notes for slide

How to do Excise Accounting for Manufacturers in Tally.ERP 9

  1. 1. Excise for Maunfacturer in Tally.ERP 9 © Tally Solutions Pvt. Ltd. All Rights Reserved
  2. 2. Excise Duty • Excise Duty or Duty on Excise is a tax on goods manufactured or produced in India and intended for domestic consumption i.e. sale in India. • The Excise Duty is payable at the time of production or manufacture, however, for administrative convenience duty is paid at the time of removal of goods. © Tally Solutions Pvt. Ltd. All Rights Reserved
  3. 3. Excise Duty • Excise Duty is an indirect tax. • The liability of payment of Excise Duty is of manufacturers or producers (which is passed on to the ultimate consumer). • The levy and collection of duty of Excise is provided under authority of the Central Excise Act, 1944 at the rates specified Central Excise Tariff Act, 1985. © Tally Solutions Pvt. Ltd. All Rights Reserved
  4. 4. Scope and Applicability Excise Duty can be levied, only on the fulfilment of the below mentioned conditions… • The Duty is on Goods. • The Goods must be excisable. • The goods must be manufactured or produced. • Manufacture and Production must be in India. © Tally Solutions Pvt. Ltd. All Rights Reserved
  5. 5. Manufacturer Manufacturer is a person who actually manufactures or produces excisable goods, i.e. one that actually brings into existence new and identifiable product. © Tally Solutions Pvt. Ltd. All Rights Reserved
  6. 6. Excisable Goods • Excisable Goods means goods specified in the schedule to the Central Excise Tariff Act, 1985 as being subject to a duty of Excise. The Basic requirements to be satisfied are : • Goods must be movable. • Goods must be marketable i.e. the goods must be such that it is known in the market and is capable of being bought or sold. © Tally Solutions Pvt. Ltd. All Rights Reserved
  7. 7. Types of Excise Duties 1. Basic Excise Duty:This is the duty charged under section 3 of the Central Excises and Salt Act,1944 on all excisable goods other than salt which are produced or manufactured in India. Basic Excise Duty [also known as Central Value Added Tax (CENVAT)] is levied at the rates specified in Central Excise Tariff Act. 2. Special Excise Duty: As per the Section 37 of the Finance Act,1978 Special excise Duty was attracted on all excisable goods on which there is a levy of Basic excise Duty under the Central Excises and Salt Act,1944. Special Excise Duty is levied at the rates specified in the Second Schedule to Central Excise Tariff Act, 1985. © Tally Solutions Pvt. Ltd. All Rights Reserved
  8. 8. Types of Excise Duties 3.Education Cess on Excise Duty: Section 93 of Finance (No. 2) Act, 2004 states that education Cess is 'duty of excise', to be calculated on aggregate of all duties of excise including special excise duty or any other duty of excise, but excluding education Cess on excisable goods. © Tally Solutions Pvt. Ltd. All Rights Reserved
  9. 9. Types of Excise Duties… 4. Excise duty in case of clearances by EOU: The EOU units are expected to export all their production. However, if they clear their final product in DTA (domestic tariff area), the rate of excise duty will be equal to customs duty on like article if imported in India. 5. National Calamity contingent Duty (NCCD): A 'National Calamity Contingent Duty' (NCCD) has been imposed vide section 136 of Finance Act, 2001 [clause 129 of Finance Bill, 2001, w.e.f. 1.3.2001]. This duty is imposed on pan masala, chewing tobacco and cigarettes. © Tally Solutions Pvt. Ltd. All Rights Reserved
  10. 10. Types of Excise Duties… 6. Duties under other Acts: Some duties and cesses are levied on manufactured products under other Acts. The administrative machinery of central excise is used to collect those taxes. Provisions of Central Excise Act and Rules have been made applicable for levy and collection of these duties / cesses. © Tally Solutions Pvt. Ltd. All Rights Reserved
  11. 11. Types of Excise Duties… 7. Additional Duty on goods of special importance - Some goods of special importance are levied Additional Excise under Additional Duties of Excise (Goods of Special Importance) Act, 1957. The 'Additional Duty' is in addition to excise duty. This scheme was introduced based on the suggestion made by the manufacturers to Government, that multiple level taxes and duties should be avoided. Levy and collection of all taxes at one stage by single authority will be con- venient for payment and administration. Hence, by agreement between Central and State Governments, it was decided to make a beginning in 1957, by selecting some items where additional duty will be collected instead of sales tax and such additional duty will be distributed among various States. © Tally Solutions Pvt. Ltd. All Rights Reserved
  12. 12. Types of Excise Duties… 8. Duty on Medical and Toilet preparations: A duty of excise is imposed on medical preparations under Medical and Toilet Preparations (Excise Duties) Act, 1955. 9. Additional duty on mineral products - Additional duty on mineral products (like motor spirit, kerosene, diesel and furnace oil) is payable under Mineral Products (Additional Duties of Excise and Customs) Act, 1958. 10.Additional Customs Duty commonly known as countervailing Duty (CVD): Countervailing duty (CVD) is imposed on the Imports. © Tally Solutions Pvt. Ltd. All Rights Reserved
  13. 13. Types of Excise Duties… 11.Special Additional Duty of Customs (Special CVD): Special CVD is being imposed on items bound under the Information Technology Agreement (except information technology software), and also on specified inputs/raw materials for manufacture of electronics/IT goods. 12. Additional Duties of Excise (Textiles and Textile Articles) [AED (TTA)] 13. Additional Duty of Excise (Tea and Tea Waste) [AED (TTW)] 14. Secondary Higher Education Cess © Tally Solutions Pvt. Ltd. All Rights Reserved
  14. 14. Valuation Methods • Value of the excisable goods has to be necessarily determined to levy the duty on the goods. • Under the Central Excise Act, 1944, the following methods of valuation of goods are considered for the assessment of Duty… © Tally Solutions Pvt. Ltd. All Rights Reserved
  15. 15. Valuation Methods 1. Ad valorem/ Transaction Value: • Transaction value means the value of goods which are sold at the time and place of removal and includes in addition to the amount charged as price, any amount that the buyer is liable to pay to, including any amount charged for, or to make provision for, advertising or publicity, marketing and selling, organization expenses, storage, outward handling, servicing, warranty, commission or any other matter. © Tally Solutions Pvt. Ltd. All Rights Reserved
  16. 16. Valuation Methods  2. Ad Quantum: • In case of Ad Quantum the duty is payable on the basis of certain unit Like Weight, Length, volume etc. • For Example: Duty on cigarette is payable on the basis of length of the cigarette, duty on Sugar is based on per Kg. © Tally Solutions Pvt. Ltd. All Rights Reserved
  17. 17. Valuation Methods  3. Value determined on the basis of M R P: • Retail sale price means the maximum price at which the excisable goods in packaged form may be sold to the ultimate consumer and includes all taxes local or otherwise, freight, transport charges, commission payable to dealers, and all charges towards advertisement, delivery, packing, forwarding and the like, as the case may be, and the price is the sole consideration for such sale. © Tally Solutions Pvt. Ltd. All Rights Reserved
  18. 18. Duties eligible for CENVAT Credit… • A manufacturer or producer of final product is allowed to take CENVAT credit of duties specified in the Cenvat Credit Rules, 2002. • The duties specified under Cenvat Credit Rules, 2002 are: • Basic Excise Duty on inputs specified in the First Schedule to Central Excise tariff Act (corresponding CVD on imported goods is allowable). • Special Excise Duty on goods specified in the Second Schedule to the Tariff Act (corresponding CVD on imported goods is allowable). © Tally Solutions Pvt. Ltd. All Rights Reserved
  19. 19. Duties eligible for CENVAT Credit… • Additional Excise Duty paid under Additional Duties of Excise (Textile and Textile Article). • Additional Excise Duty paid under Additional Duties of Excise (Goods of Special Importance). • National Calamity Contingent duty (NCCD). • Education Cess and Secondary and Higher Education Cess on Excise Duty. • Additional custom duty leviable under Customs Tariff Act (Spl. CVD) • Education Cess and Secondary and Higher Education Cess on CVD • Additional Excise Duty paid under Clause 85 of Finance Bill,2005 on Pan Masala and Certain other Tobacco products. • Service tax on input services. • Education Cess and Secondary & Higher Education Cess paid on service tax. This credit can be utilised only for payment of education cess on final product or output services. © Tally Solutions Pvt. Ltd. All Rights Reserved
  20. 20. Excise Control Code (ECC) Number • The ECC number is a registration number, issued to all the Central Excise Assessees. • This Number is based on the principles of 'Common Business Identifier' which shall be used for revenue accounting, validation of documents (e.g. CENVAT invoices), inter-agency coordination and for creation of data warehouse. © Tally Solutions Pvt. Ltd. All Rights Reserved
  21. 21. Excise Control Code (ECC) Number • ECC number is a PAN based 15 digit alpha numeric numbers. The first part denotes 10 character (alpha numeric) Permanent Account number issued by Income tax authorities to the concerned person to whom the ECC Number is to be allotted and the second part comprises of a fixed 2 character alpha code which is as follows: © Tally Solutions Pvt. Ltd. All Rights Reserved
  22. 22. Excise Control Code (ECC) Number Category Code Central Excise Manufacturer XM (Including registered Warehouses) Registered Dealer XD © Tally Solutions Pvt. Ltd. All Rights Reserved
  23. 23. Excise Control Code (ECC) Number • Where the concerned person has more than one factory, say 3 factories, having PAN as aforesaid, then the ECC Number will be: • ABCDE1234H XM 001 • ABCDE1234H XM 002 • ABCDE1234H XM 003 • Where the concerned person has one factory and is also registered as dealer, having PAN as aforesaid, then the New ECC Number will be: • ABCDE1234H XM 001 (for Factory) • ABCDE1234H XD 001 (for Dealer) © Tally Solutions Pvt. Ltd. All Rights Reserved
  24. 24. Central Excise Invoice System • An invoice is the document under cover of which the excisable goods are to be cleared by the manufacturer. • This is also the document which indicates the assessment of the goods to duty. No excisable goods can be cleared except under an invoice. © Tally Solutions Pvt. Ltd. All Rights Reserved
  25. 25. Removals only on invoice • Rule 11 of the Central Excise (No.2) Rules, 2001 provides that no excisable goods shall be removed from a factory or a warehouse except under an invoice signed by the owner of the factory or his authorised agent. © Tally Solutions Pvt. Ltd. All Rights Reserved
  26. 26. Serially numbered invoice • The invoice shall be serially numbered and shall contain the registration number, description, classification, time and date of removal, rate of duty, quantity and value, of goods and the duty payable thereon. The serial number shall commence from 1st April every year [beginning of a financial year]. • The serial number can be given at the time of printing or by using franking machine. But when the invoice book is authenticated in the manner specified in sub-rule (5) of rule 11, each leaf should contain serial number. Hand written serial number shall not be accepted. © Tally Solutions Pvt. Ltd. All Rights Reserved
  27. 27. Serially numbered invoice • In case of computer-generated invoice, the serial number may be allowed to be generated and printed by computer at the time of preparation of invoice ONLY IF the software is such that computer automatically generates the number and same number cannot be generated more than once. For this purpose, the Central Excise Officers may check the system/software from time to time. © Tally Solutions Pvt. Ltd. All Rights Reserved
  28. 28. Number of Invoice copies The invoice shall be prepared in triplicate: • The original copy being marked as Original For Buyer • The duplicate copy being marked as Duplicate For Transporter • The triplicate copy being marked as Triplicate For Assessee • The above requirement is mainly for Central Excise purposes. However, the assessee may make more than three copies for his other requirements. But such copies shall be prominently marked Not For Cenvat Purposes. © Tally Solutions Pvt. Ltd. All Rights Reserved
  29. 29. Number of Invoice book • The rule 11of the Central Excise (No.2) Rules, 2001 provides that only one invoice book shall be in use at a time, unless otherwise allowed by the Deputy/Assistant Commissioner of Central Excise in the special facts and circumstances of each case. • The Board has decided that where assessee requires two different invoice books for the purposes of removals for home-consumption, and removals for export they may do so by intimating the jurisdictional Deputy/Assistant Commissioner of Central Excise. © Tally Solutions Pvt. Ltd. All Rights Reserved
  30. 30. Number of Invoice book • Wherever, an assessee is allowed to keep more than one invoice book, he should be asked to keep different numerical serial numbers for the different sets. • In case of running stationary used in computers, the bound book shall not be insisted upon provided the stationary is pre-printed with distinctive names and marks of the assessee. After the invoices are prepared, the triplicate copy shall be retained in bound-book form. Where invoices are to be typed written, the leafs have to be first taken out from the book for typing. In such cases also the triplicate copy shall be retained in bound-book form. © Tally Solutions Pvt. Ltd. All Rights Reserved
  31. 31. Authentication of Invoices • The rule provides that owner or working partner or Managing Director or Company Secretary shall authenticate each foil of the invoice book, before being brought into use. However, in order to facilitate the trade it has been decided that any person duly authorised in this regard by the Company, owner or working partner may also authenticate invoices. Copy of the letter of authority should be submitted to the Range office. © Tally Solutions Pvt. Ltd. All Rights Reserved
  32. 32. Intimation of serial numbers • Before making use of the invoice book, the serial numbers of the same shall be intimated to the Superintendent of Central Excise having jurisdiction over the factory of the assessee. This can be done in writing by post/e-mail/fax/hand delivery or any other similar means. © Tally Solutions Pvt. Ltd. All Rights Reserved
  33. 33. Rounding off of duty in invoice • The amount of duty being shown in invoices issued under rule 11 of the Central Excise (No.2) Rules, 2001 be rounded off to the nearest rupee as provided for under Section 37D of the Central Excise Act, 1944 and the duty amount so rounded off should be indicated both in words as well as in figures. © Tally Solutions Pvt. Ltd. All Rights Reserved
  34. 34. Types of Duties and Method of Calculation Type of Duty Duty Type Method of calculation Basic Excise Duty (BED) Excise on Assessable Value Special Excise Duty (SED) Excise on Assessable Value AED (GSI) Excise on Assessable Value AED (TTA) Excise on BED + SED AED (TTW) Excise on BED + SED AED (PM&T) Excise on BED + SED NCCD Excise on BED + SED + AED (GSI) Special AED Excise on Quantity AED on High Speed Diesel Excise on Quantity Educational Cess Excise On Total Excise Duty SHE Cess on Excise duty Excise On Total Excise Duty Countervailing Duty(CVD) CVD on Assessable Value+ BCD SED of CVD CVD on Assessable Value+ BCD © Tally Solutions Pvt. Ltd. All Rights Reserved
  35. 35. Types of Duties and Method of Calculation Type of Duty Duty Type Method of calculation AED (GSI) of CVD CVD on Assessable Value+ BCD AED (TTA) of CVD CVD on CVD + SED–CVD AED (TTW) of CVD CVD on CVD + SED–CVD AED (PM&T) of CVD CVD on CVD + SED–CVD NCCD of CVD CVD on CVD + SED–CVD + AED (GSI)–CVD Special AED of CVD CVD on Quantity AED on High Speed Diesel of CVD CVD on Quantity Educational Cess on CVD CVD On Total CVD SHE Cess on CVD CVD On Total CVD Basic Custom Duty Customs on Assessable Value Additional Duty on Customs Customs on BCD Educational Cess on Customs Customs on Total Customs and CVD SHE Cess on Customs Customs on Total Customs and CVD Special Custom Duty Customs on Current Sub Total © Tally Solutions Pvt. Ltd. All Rights Reserved
  36. 36. Returns & Timelines The following Returns are required to be filed under Excise for Manufacturers Form No. Particulars Periodicity Due Date ER–1 Monthly Return by Assesses who are not availing the Monthly On or before 10th of the concession of duty based on turnover (large units) (e- following month Returns) Monthly Return by Assessees who are neither Large Units Monthly On or before 10th of the nor availing concession of duty based on turnover following month Monthly Return for Monthly Return by large and Regular units Monthly On or before 10th of the CENVAT following month (With ER-1) ER–3 Quarterly Return by Assessees availing small scale Quarterly With in 20days from the industries (SSI) concession of duty based on turnover close of quarter © Tally Solutions Pvt. Ltd. All Rights Reserved
  37. 37. Salient Features of Excise in Tally.ERP • Simple and user-friendly • Quick and easy to set up and use • Allows Multiple Excise Registration (Manufacturer & Dealer) in Single Company • Create Tariff (HSN) / Commodity Code • Flexibility to have separate Unit of Measures for recording transactions and excise reporting © Tally Solutions Pvt. Ltd. All Rights Reserved
  38. 38. Salient Features of Excise in Tally.ERP • Item wise Valuation Methods (Valorem, Quantum, MRP) • Maintain Rule 11 Excise Invoice • Can apportion Expense / Income ledger value to calculate Assessable Value • Item wise Duty calculation for different Valuation Methods in single invoice • Generate Rule 11 invoice for Purchase Returns • Record Exempt, Export & Special Rate transactions • Avail Full / Partial CENVAT Credit on Inputs and Capital Goods/ Service Tax towards Duty payable © Tally Solutions Pvt. Ltd. All Rights Reserved
  39. 39. Salient Features of Excise in Tally.ERP • Reversal of CENVAT Credit • Print G.A.R. -7 Challan • Maintain Invoice Register • Maintain RG -1 register • Generate CENVAT Credit Register • Generate ER-1 & ER-3 returns • Maintain PLA Register • Excise Computation Report © Tally Solutions Pvt. Ltd. All Rights Reserved
  40. 40. Excise Process in Tally.ERP © Tally Solutions Pvt. Ltd. All Rights Reserved
  41. 41. Enabling Excise in Tally.ERP • Lesson 1: Enabling Excise in Tally.ERP © Tally Solutions Pvt. Ltd. All Rights Reserved
  42. 42. © Tally Solutions Pvt. Ltd. All Rights Reserved
  43. 43. © Tally Solutions Pvt. Ltd. All Rights Reserved
  44. 44. © Tally Solutions Pvt. Ltd. All Rights Reserved
  45. 45. Name: Enter the excise invoice book name allowed by the Commissioner of Central Excise for the company/unit, e.g. ABC/Rule11/Book1/08-09 © Tally Solutions Pvt. Ltd. All Rights Reserved
  46. 46. ABC - Denotes Company Name. © Tally Solutions Pvt. Ltd. All Rights Reserved
  47. 47. Rule 11: Denotes that invoice book is maintained as per Rule 11 of Central Excise Rules, 2002 © Tally Solutions Pvt. Ltd. All Rights Reserved
  48. 48. Book1: Stands for Book Number, which is allowed for the current financial year © Tally Solutions Pvt. Ltd. All Rights Reserved
  49. 49. 08-09: Denotes the financial year.  © Tally Solutions Pvt. Ltd. All Rights Reserved
  50. 50. © Tally Solutions Pvt. Ltd. All Rights Reserved
  51. 51. © Tally Solutions Pvt. Ltd. All Rights Reserved
  52. 52. © Tally Solutions Pvt. Ltd. All Rights Reserved
  53. 53. © Tally Solutions Pvt. Ltd. All Rights Reserved
  54. 54. © Tally Solutions Pvt. Ltd. All Rights Reserved
  55. 55. Creating Ledgers… 1. Creating a Supplier Ledger © Tally Solutions Pvt. Ltd. All Rights Reserved
  56. 56. © Tally Solutions Pvt. Ltd. All Rights Reserved
  57. 57. © Tally Solutions Pvt. Ltd. All Rights Reserved
  58. 58. © Tally Solutions Pvt. Ltd. All Rights Reserved
  59. 59. Creating Ledgers… 1 Creating a Supplier Ledger 2 Creating a Customer Ledger © Tally Solutions Pvt. Ltd. All Rights Reserved
  60. 60. © Tally Solutions Pvt. Ltd. All Rights Reserved
  61. 61. © Tally Solutions Pvt. Ltd. All Rights Reserved
  62. 62. © Tally Solutions Pvt. Ltd. All Rights Reserved
  63. 63. Creating Ledgers… 1 Creating a Supplier Ledger 2 Creating a Customer Ledger 3 Creating a Sales Ledger © Tally Solutions Pvt. Ltd. All Rights Reserved
  64. 64. © Tally Solutions Pvt. Ltd. All Rights Reserved
  65. 65. © Tally Solutions Pvt. Ltd. All Rights Reserved
  66. 66. © Tally Solutions Pvt. Ltd. All Rights Reserved
  67. 67. Creating Ledgers… 1 Creating a Supplier Ledger 2 Creating a Customer Ledger 3 Creating a Sales Ledger 4 Creating a Purchase Ledger © Tally Solutions Pvt. Ltd. All Rights Reserved
  68. 68. © Tally Solutions Pvt. Ltd. All Rights Reserved
  69. 69. © Tally Solutions Pvt. Ltd. All Rights Reserved
  70. 70. © Tally Solutions Pvt. Ltd. All Rights Reserved
  71. 71. Creating Ledgers… 1 Creating a Supplier Ledger 2 Creating a Customer Ledger 3 Creating a Sales Ledger 4 Creating a Purchase Ledger 5 Creating Input VAT Ledger © Tally Solutions Pvt. Ltd. All Rights Reserved
  72. 72. © Tally Solutions Pvt. Ltd. All Rights Reserved
  73. 73. Creating Ledgers… 1 Creating a Supplier Ledger 2 Creating a Customer Ledger 3 Creating a Sales Ledger 4 Creating a Purchase Ledger 5 Creating Input VAT Ledger 6. Creating Output VAT Ledger © Tally Solutions Pvt. Ltd. All Rights Reserved
  74. 74. © Tally Solutions Pvt. Ltd. All Rights Reserved
  75. 75. Creating Ledgers… 1 Creating a Supplier Ledger 2 Creating a Customer Ledger 3 Creating a Sales Ledger 4 Creating a Purchase Ledger 5 Creating Input VAT Ledger 6. Creating Output VAT Ledger 7. Creating Basic Excise Duty Ledger © Tally Solutions Pvt. Ltd. All Rights Reserved
  76. 76. © Tally Solutions Pvt. Ltd. All Rights Reserved
  77. 77. Creating Ledgers… 1. Creating a Supplier Ledger 2. Creating a Customer Ledger 3. Creating a Sales Ledger 4. Creating a Purchase Ledger 5. Creating Input VAT Ledger 6. Creating Ouput VAT Ledger 7. Creating Basic Excise Duty Ledger 8. Creating Education Cess Ledger © Tally Solutions Pvt. Ltd. All Rights Reserved
  78. 78. © Tally Solutions Pvt. Ltd. All Rights Reserved
  79. 79. © Tally Solutions Pvt. Ltd. All Rights Reserved
  80. 80. Creating Ledgers… 1. Creating a Supplier Ledger 2. Creating a Customer Ledger 3. Creating a Sales Ledger 4. Creating a Purchase Ledger 5. Creating Input VAT Ledger 6. Creating Ouput VAT Ledger 7. Creating Basic Excise Duty Ledger 8. Creating Education Cess Ledger 9. Creating Secondary & Higher Education Cess Ledger © Tally Solutions Pvt. Ltd. All Rights Reserved
  81. 81. Creating Ledgers… 1 A Supplier Ledger 2 A Customer Ledger 3 A Sales Ledger 4 A Purchase Ledger 5 A Input VAT Ledger 6. A Ouput VAT Ledger 7. A Basic Excise Duty Ledger 8. A Education Cess Ledger 9. A Secondary & Higher Education Cess Ledger 10. A Basic Excise Duty CENVAT Ledger © Tally Solutions Pvt. Ltd. All Rights Reserved
  82. 82. © Tally Solutions Pvt. Ltd. All Rights Reserved
  83. 83. Creating Ledgers… 1. Supplier Ledger 2. Customer Ledger 3. Sales Ledger 4. Purchase Ledger 5. Input VAT Ledger 6. Ouput VAT Ledger 7. Basic Excise Duty Ledger 8. Education Cess Ledger 9. Secondary & Higher Education Cess Ledger 10.Basic Excise Duty CENVAT Ledger 11. Education Cess CENVAT Ledger © Tally Solutions Pvt. Ltd. All Rights Reserved
  84. 84. © Tally Solutions Pvt. Ltd. All Rights Reserved
  85. 85. Creating Ledgers… 1 Supplier Ledger 2 Customer Ledger 3 Sales Ledger 4 Purchase Ledger 5 Input VAT Ledger 6 Ouput VAT Ledger 7 Basic Excise Duty Ledger 8 Education Cess Ledger 9 Secondary & Higher Education Cess Ledger 10Basic Excise Duty CENVAT Ledger 11Education Cess CENVAT Ledger 12 Secondary & Higher Education Cess CENVAT Ledger © Tally Solutions Pvt. Ltd. All Rights Reserved
  86. 86. © Tally Solutions Pvt. Ltd. All Rights Reserved
  87. 87. Creating Ledgers… 1. Supplier Ledger 2. Customer Ledger 3. Sales Ledger 4. Purchase Ledger 5. Input VAT Ledger 6. Ouput VAT Ledger 7. Basic Excise Duty Ledger 8. Education Cess Ledger 9. Secondary & Higher Education Cess Ledger 10. Basic Excise Duty CENVAT Ledger 11. Education Cess CENVAT Ledger 12. Secondary & Higher Education Cess CENVAT Ledger 13. Expense Ledger © Tally Solutions Pvt. Ltd. All Rights Reserved
  88. 88. © Tally Solutions Pvt. Ltd. All Rights Reserved
  89. 89. Example : Based on Value Based on Value In case of Based on Value method of apportion, expenses will be apportioned based on the Value of the Stock item. Packing charges is 5,000 Value of Item X is 50,000 Value of Item Y is 60,000 Apportionment of Packing Charges to Item X: Apportionment of Packing Charges to Item Y: 5,000*50,000/1,10,000 =2272.73 5,000*60,000/1,10,000 = 2727.27 Assessable Value of Item X (52,272.73) = Assessable Value of Item Y (62,727.27) = Value of Item X (50,000) + Value of Item Y (60,000) + ( Packing Charges (2,272.73) Packing Charges (2,727.27) © Tally Solutions Pvt. Ltd. All Rights Reserved
  90. 90. Example : Based on Quantity Based on Quantity In case of Based on Quantity method of apportion, expenses will be apportioned based on the quantity of the Stock item. Packing charges is 5,000 Quantity of Item X is 200 and Value is 20,000 Quantity of Item Y is 600 and Value is 60,000 Apportionment of Packing Charges to Item Y: 5,000*600/800 Apportionment of Packing Charges to Item X: 5,000*200/800 =1,250 = 3,750 Assessable Value of Item X (21,250) = Assessable Value of Item Y (63,750) = Value of Item X (20,000) + Value of Item Y (60000) + Packing Charges (1,250) Packing Charges (3,750) © Tally Solutions Pvt. Ltd. All Rights Reserved
  91. 91. Creating Excise Voucher Types… 1. Excise Purchase Voucher Type © Tally Solutions Pvt. Ltd. All Rights Reserved
  92. 92. Excise Purchase Voucher Type © Tally Solutions Pvt. Ltd. All Rights Reserved
  93. 93. Creating Excise Voucher Types… 1. Purchase Voucher Type 2. Sales Voucher Type © Tally Solutions Pvt. Ltd. All Rights Reserved
  94. 94. Sales Voucher Type © Tally Solutions Pvt. Ltd. All Rights Reserved
  95. 95. Creating Excise Voucher Types… 1. Purchase Voucher Type 2. Sales Voucher Type 3. Debit Note Voucher Type © Tally Solutions Pvt. Ltd. All Rights Reserved
  96. 96. Debit Note Voucher Type © Tally Solutions Pvt. Ltd. All Rights Reserved
  97. 97. Manufacturing Journal Voucher • Manufacturing Journal is used to account…  the issue of raw materials to production floor and  for the receipt of finished goods. © Tally Solutions Pvt. Ltd. All Rights Reserved
  98. 98. Manufacturing Journal Voucher © Tally Solutions Pvt. Ltd. All Rights Reserved
  99. 99. Creating Tariff Classification … • Each and every goods manufactured or produced have to be classified for finding out the rate of duty applicable. Accordingly, Central Excise Tariff Act 1985 classifies all the goods under 91 chapters and specific code is assigned to each item. • This code is called Tariff Classification code, which consists of 8 digits. • First 4 digits represent Chapter and heading a • Next 2 digit represents sub-heading and • The last 2 digit represents sub-sub heading. © Tally Solutions Pvt. Ltd. All Rights Reserved
  100. 100. HSN CODE • The Harmonized Commodity Description and Coding System (HS) of tariff nomenclature popularly known as Harmonised System of Nomenclature (HSN), • is an internationally standardized system of names and • numbers for classifying traded products developed and maintained by the World Customs Organization. © Tally Solutions Pvt. Ltd. All Rights Reserved
  101. 101. Creating Tariff Classification … 1. Plastic Bottles © Tally Solutions Pvt. Ltd. All Rights Reserved
  102. 102. Creating Tariff Classification … © Tally Solutions Pvt. Ltd. All Rights Reserved
  103. 103. Creating Tariff Classification … 1. Plastic Bottles 2. Plastic Bottle Caps © Tally Solutions Pvt. Ltd. All Rights Reserved
  104. 104. Creating Tariff Classification … © Tally Solutions Pvt. Ltd. All Rights Reserved
  105. 105. Creating Tariff Classification … 1. Plastic Bottles 2. Plastic Bottle Caps 3. Water © Tally Solutions Pvt. Ltd. All Rights Reserved
  106. 106. Creating Tariff Classification … © Tally Solutions Pvt. Ltd. All Rights Reserved
  107. 107. Creating Tariff Classification … 1. Plastic Bottles 2. Plastic Bottle Caps 3. Water 4. Linear Low Density Polyethylene (LLDPE) © Tally Solutions Pvt. Ltd. All Rights Reserved
  108. 108. Creating Tariff Classification … © Tally Solutions Pvt. Ltd. All Rights Reserved
  109. 109. Creating Stock Item - Raw materials 1. Pet Bottles - 1Ltr © Tally Solutions Pvt. Ltd. All Rights Reserved
  110. 110. © Tally Solutions Pvt. Ltd. All Rights Reserved
  111. 111. © Tally Solutions Pvt. Ltd. All Rights Reserved
  112. 112. © Tally Solutions Pvt. Ltd. All Rights Reserved
  113. 113. © Tally Solutions Pvt. Ltd. All Rights Reserved
  114. 114. © Tally Solutions Pvt. Ltd. All Rights Reserved
  115. 115. © Tally Solutions Pvt. Ltd. All Rights Reserved
  116. 116. Creating Stock Item - Raw materials 1. Pet Bottles - 1Ltr 2. Water Container 20 Ltrs © Tally Solutions Pvt. Ltd. All Rights Reserved
  117. 117. © Tally Solutions Pvt. Ltd. All Rights Reserved
  118. 118. © Tally Solutions Pvt. Ltd. All Rights Reserved
  119. 119. © Tally Solutions Pvt. Ltd. All Rights Reserved
  120. 120. © Tally Solutions Pvt. Ltd. All Rights Reserved
  121. 121. © Tally Solutions Pvt. Ltd. All Rights Reserved
  122. 122. © Tally Solutions Pvt. Ltd. All Rights Reserved
  123. 123. Creating Stock Item - Raw materials 1. Pet Bottles - 1Ltr 2. Water Container 20 Ltrs 3. Bottle Caps © Tally Solutions Pvt. Ltd. All Rights Reserved
  124. 124. © Tally Solutions Pvt. Ltd. All Rights Reserved
  125. 125. © Tally Solutions Pvt. Ltd. All Rights Reserved
  126. 126. © Tally Solutions Pvt. Ltd. All Rights Reserved
  127. 127. © Tally Solutions Pvt. Ltd. All Rights Reserved
  128. 128. © Tally Solutions Pvt. Ltd. All Rights Reserved
  129. 129. Creating Stock Item - Raw materials 1. Pet Bottles - 1Ltr 2. Water Container 20 Ltrs 3. Bottle Caps 4. Low Density Polyethylene © Tally Solutions Pvt. Ltd. All Rights Reserved
  130. 130. © Tally Solutions Pvt. Ltd. All Rights Reserved
  131. 131. © Tally Solutions Pvt. Ltd. All Rights Reserved
  132. 132. © Tally Solutions Pvt. Ltd. All Rights Reserved
  133. 133. © Tally Solutions Pvt. Ltd. All Rights Reserved
  134. 134. Creating Stock Item - Raw materials 1. Pet Bottles - 1Ltr 2. Water Container 20 Ltrs 3. Bottle Caps 4. Low Density Polyethylene 5. Natural Water © Tally Solutions Pvt. Ltd. All Rights Reserved
  135. 135. © Tally Solutions Pvt. Ltd. All Rights Reserved
  136. 136. © Tally Solutions Pvt. Ltd. All Rights Reserved
  137. 137. © Tally Solutions Pvt. Ltd. All Rights Reserved
  138. 138. © Tally Solutions Pvt. Ltd. All Rights Reserved
  139. 139. © Tally Solutions Pvt. Ltd. All Rights Reserved
  140. 140. © Tally Solutions Pvt. Ltd. All Rights Reserved
  141. 141. Creating Stock Item - Finished Goods 1. AquaPure - 1 Ltr © Tally Solutions Pvt. Ltd. All Rights Reserved
  142. 142. © Tally Solutions Pvt. Ltd. All Rights Reserved
  143. 143. © Tally Solutions Pvt. Ltd. All Rights Reserved
  144. 144. © Tally Solutions Pvt. Ltd. All Rights Reserved
  145. 145. © Tally Solutions Pvt. Ltd. All Rights Reserved
  146. 146. © Tally Solutions Pvt. Ltd. All Rights Reserved
  147. 147. © Tally Solutions Pvt. Ltd. All Rights Reserved
  148. 148. © Tally Solutions Pvt. Ltd. All Rights Reserved
  149. 149. © Tally Solutions Pvt. Ltd. All Rights Reserved
  150. 150. Creating Stock Item - Finished Goods 1. AquaPure - 1 Ltr 2. AquaMini - 200 ml © Tally Solutions Pvt. Ltd. All Rights Reserved
  151. 151. © Tally Solutions Pvt. Ltd. All Rights Reserved
  152. 152. © Tally Solutions Pvt. Ltd. All Rights Reserved
  153. 153. © Tally Solutions Pvt. Ltd. All Rights Reserved
  154. 154. © Tally Solutions Pvt. Ltd. All Rights Reserved
  155. 155. © Tally Solutions Pvt. Ltd. All Rights Reserved
  156. 156. © Tally Solutions Pvt. Ltd. All Rights Reserved
  157. 157. © Tally Solutions Pvt. Ltd. All Rights Reserved
  158. 158. © Tally Solutions Pvt. Ltd. All Rights Reserved
  159. 159. Creating Stock Item - Finished Goods 1. AquaPure - 1 Ltr 2. AquaMini - 200 ml 3. AquaKing - 20 Ltr © Tally Solutions Pvt. Ltd. All Rights Reserved
  160. 160. © Tally Solutions Pvt. Ltd. All Rights Reserved
  161. 161. © Tally Solutions Pvt. Ltd. All Rights Reserved
  162. 162. © Tally Solutions Pvt. Ltd. All Rights Reserved
  163. 163. © Tally Solutions Pvt. Ltd. All Rights Reserved
  164. 164. © Tally Solutions Pvt. Ltd. All Rights Reserved
  165. 165. © Tally Solutions Pvt. Ltd. All Rights Reserved
  166. 166. © Tally Solutions Pvt. Ltd. All Rights Reserved
  167. 167. Creating Stock Item - Finished Goods 1. AquaPure - 1 Ltr 2. AquaMini - 200 ml 3. AquaKing - 20 Ltr 4. AquaEase - 20Ltr © Tally Solutions Pvt. Ltd. All Rights Reserved
  168. 168. © Tally Solutions Pvt. Ltd. All Rights Reserved
  169. 169. © Tally Solutions Pvt. Ltd. All Rights Reserved
  170. 170. © Tally Solutions Pvt. Ltd. All Rights Reserved
  171. 171. © Tally Solutions Pvt. Ltd. All Rights Reserved
  172. 172. © Tally Solutions Pvt. Ltd. All Rights Reserved
  173. 173. © Tally Solutions Pvt. Ltd. All Rights Reserved
  174. 174. © Tally Solutions Pvt. Ltd. All Rights Reserved
  175. 175. © Tally Solutions Pvt. Ltd. All Rights Reserved
  176. 176. Transactions © Tally Solutions Pvt. Ltd. All Rights Reserved
  177. 177. Creating a Excise Purchase Voucher Not Availing CENVAT Credit © Tally Solutions Pvt. Ltd. All Rights Reserved
  178. 178. © Tally Solutions Pvt. Ltd. All Rights Reserved
  179. 179. © Tally Solutions Pvt. Ltd. All Rights Reserved
  180. 180. © Tally Solutions Pvt. Ltd. All Rights Reserved
  181. 181. © Tally Solutions Pvt. Ltd. All Rights Reserved
  182. 182. © Tally Solutions Pvt. Ltd. All Rights Reserved
  183. 183. © Tally Solutions Pvt. Ltd. All Rights Reserved
  184. 184. When the CENVAT Credit is not availed • The Duty Legers selected won't display the ledger balance and duty amount will be apportioned to the Stock Item cost. © Tally Solutions Pvt. Ltd. All Rights Reserved
  185. 185. © Tally Solutions Pvt. Ltd. All Rights Reserved
  186. 186. © Tally Solutions Pvt. Ltd. All Rights Reserved
  187. 187. © Tally Solutions Pvt. Ltd. All Rights Reserved
  188. 188. © Tally Solutions Pvt. Ltd. All Rights Reserved
  189. 189. © Tally Solutions Pvt. Ltd. All Rights Reserved
  190. 190. Creating a Excise Purchase Voucher Availing CENVAT Credit © Tally Solutions Pvt. Ltd. All Rights Reserved
  191. 191. When the CENVAT Credit is availed… • The Duty Ledgers selected will display the ledger balance and duty amount will not be apportioned to the Stock Item Rate. © Tally Solutions Pvt. Ltd. All Rights Reserved
  192. 192. © Tally Solutions Pvt. Ltd. All Rights Reserved
  193. 193. © Tally Solutions Pvt. Ltd. All Rights Reserved
  194. 194. © Tally Solutions Pvt. Ltd. All Rights Reserved
  195. 195. © Tally Solutions Pvt. Ltd. All Rights Reserved
  196. 196. © Tally Solutions Pvt. Ltd. All Rights Reserved
  197. 197. © Tally Solutions Pvt. Ltd. All Rights Reserved
  198. 198. © Tally Solutions Pvt. Ltd. All Rights Reserved
  199. 199. © Tally Solutions Pvt. Ltd. All Rights Reserved
  200. 200. © Tally Solutions Pvt. Ltd. All Rights Reserved
  201. 201. © Tally Solutions Pvt. Ltd. All Rights Reserved
  202. 202. © Tally Solutions Pvt. Ltd. All Rights Reserved
  203. 203. © Tally Solutions Pvt. Ltd. All Rights Reserved
  204. 204. © Tally Solutions Pvt. Ltd. All Rights Reserved
  205. 205. © Tally Solutions Pvt. Ltd. All Rights Reserved
  206. 206. © Tally Solutions Pvt. Ltd. All Rights Reserved
  207. 207. When the CENVAT Credit is availed… • In Stock Vouchers report stock item rate is displayed as the actual purchase rate. • In this case the duty amount is not apportioned to the Stock item. © Tally Solutions Pvt. Ltd. All Rights Reserved
  208. 208. © Tally Solutions Pvt. Ltd. All Rights Reserved
  209. 209. © Tally Solutions Pvt. Ltd. All Rights Reserved
  210. 210. © Tally Solutions Pvt. Ltd. All Rights Reserved
  211. 211. © Tally Solutions Pvt. Ltd. All Rights Reserved
  212. 212. © Tally Solutions Pvt. Ltd. All Rights Reserved
  213. 213. Creating a Manufacturing Voucher • Manufacturing of Packed Drinking Water being a Process Industry, Manufacturing Journal is used to account the issue of raw materials to production floor and for the receipt of finished goods. • In case of discrete industries, Stock Journal can be used to account the issue of Raw materials to production floor and for the receipt of finished goods © Tally Solutions Pvt. Ltd. All Rights Reserved
  214. 214. Creating a Manufacturing Voucher… • To Manufacture > AquaPure - 1Ltr using Manufacturing Journal © Tally Solutions Pvt. Ltd. All Rights Reserved
  215. 215. © Tally Solutions Pvt. Ltd. All Rights Reserved
  216. 216. Creating a Manufacturing Voucher… • To Manufacture 10,000 U > AquaMini - 200 ml using Manufacturing Journal © Tally Solutions Pvt. Ltd. All Rights Reserved
  217. 217. © Tally Solutions Pvt. Ltd. All Rights Reserved
  218. 218. Creating a Manufacturing Voucher… • To Manufacture 10,000 U > AquaKing – 20 Ltr using Manufacturing Journal © Tally Solutions Pvt. Ltd. All Rights Reserved
  219. 219. © Tally Solutions Pvt. Ltd. All Rights Reserved
  220. 220. Creating a Manufacturing Voucher… • To Manufacture 1000 U > AquaEase - 20Ltr using Manufacturing Journal © Tally Solutions Pvt. Ltd. All Rights Reserved
  221. 221. © Tally Solutions Pvt. Ltd. All Rights Reserved
  222. 222. Creating a Excise Sales Voucher_ Rule 11 Invoice © Tally Solutions Pvt. Ltd. All Rights Reserved
  223. 223. © Tally Solutions Pvt. Ltd. All Rights Reserved
  224. 224. © Tally Solutions Pvt. Ltd. All Rights Reserved
  225. 225. © Tally Solutions Pvt. Ltd. All Rights Reserved
  226. 226. © Tally Solutions Pvt. Ltd. All Rights Reserved
  227. 227. © Tally Solutions Pvt. Ltd. All Rights Reserved
  228. 228. © Tally Solutions Pvt. Ltd. All Rights Reserved
  229. 229. © Tally Solutions Pvt. Ltd. All Rights Reserved
  230. 230. © Tally Solutions Pvt. Ltd. All Rights Reserved
  231. 231. © Tally Solutions Pvt. Ltd. All Rights Reserved
  232. 232. © Tally Solutions Pvt. Ltd. All Rights Reserved
  233. 233. © Tally Solutions Pvt. Ltd. All Rights Reserved
  234. 234. © Tally Solutions Pvt. Ltd. All Rights Reserved
  235. 235. © Tally Solutions Pvt. Ltd. All Rights Reserved
  236. 236. © Tally Solutions Pvt. Ltd. All Rights Reserved
  237. 237. Rule 11 Invoice for Stock Items Falling Under Different Valuation Type © Tally Solutions Pvt. Ltd. All Rights Reserved
  238. 238. © Tally Solutions Pvt. Ltd. All Rights Reserved
  239. 239. © Tally Solutions Pvt. Ltd. All Rights Reserved
  240. 240. © Tally Solutions Pvt. Ltd. All Rights Reserved
  241. 241. © Tally Solutions Pvt. Ltd. All Rights Reserved
  242. 242. © Tally Solutions Pvt. Ltd. All Rights Reserved
  243. 243. © Tally Solutions Pvt. Ltd. All Rights Reserved
  244. 244. © Tally Solutions Pvt. Ltd. All Rights Reserved
  245. 245. © Tally Solutions Pvt. Ltd. All Rights Reserved
  246. 246. © Tally Solutions Pvt. Ltd. All Rights Reserved
  247. 247. © Tally Solutions Pvt. Ltd. All Rights Reserved
  248. 248. © Tally Solutions Pvt. Ltd. All Rights Reserved
  249. 249. © Tally Solutions Pvt. Ltd. All Rights Reserved
  250. 250. © Tally Solutions Pvt. Ltd. All Rights Reserved
  251. 251. Rule 11 Invoice for Stock Items with Expenses © Tally Solutions Pvt. Ltd. All Rights Reserved
  252. 252. © Tally Solutions Pvt. Ltd. All Rights Reserved
  253. 253. © Tally Solutions Pvt. Ltd. All Rights Reserved
  254. 254. © Tally Solutions Pvt. Ltd. All Rights Reserved
  255. 255. © Tally Solutions Pvt. Ltd. All Rights Reserved
  256. 256. © Tally Solutions Pvt. Ltd. All Rights Reserved
  257. 257. © Tally Solutions Pvt. Ltd. All Rights Reserved
  258. 258. © Tally Solutions Pvt. Ltd. All Rights Reserved
  259. 259. © Tally Solutions Pvt. Ltd. All Rights Reserved
  260. 260. © Tally Solutions Pvt. Ltd. All Rights Reserved
  261. 261. © Tally Solutions Pvt. Ltd. All Rights Reserved
  262. 262. © Tally Solutions Pvt. Ltd. All Rights Reserved
  263. 263. © Tally Solutions Pvt. Ltd. All Rights Reserved
  264. 264. Creating a Debit Note (Purchase Returns) _ Rule 11 invoice • As per Rule 11 of the Central Excise (No.2) Rules, 2001 provides that no excisable goods shall be removed from a factory or a warehouse except under an invoice signed by the owner of the factory or his authorised agent. • The invoice shall be serially numbered and shall contain the registration number, description, classification, time and date of removal, rate of duty, quantity and value, of goods and the duty payable thereon. © Tally Solutions Pvt. Ltd. All Rights Reserved
  265. 265. Creating a Debit Note (Purchase Returns) _ Rule 11 invoice • Invoicing under Rule 11 of the Central Excise (No.2) Rules, 2001 is applicable even for Purchase Returns. • In case of purchase returns goods are removed from factory or warehouse to return the goods to the supplier. © Tally Solutions Pvt. Ltd. All Rights Reserved
  266. 266. © Tally Solutions Pvt. Ltd. All Rights Reserved
  267. 267. © Tally Solutions Pvt. Ltd. All Rights Reserved
  268. 268. © Tally Solutions Pvt. Ltd. All Rights Reserved
  269. 269. © Tally Solutions Pvt. Ltd. All Rights Reserved
  270. 270. © Tally Solutions Pvt. Ltd. All Rights Reserved
  271. 271. © Tally Solutions Pvt. Ltd. All Rights Reserved
  272. 272. © Tally Solutions Pvt. Ltd. All Rights Reserved
  273. 273. © Tally Solutions Pvt. Ltd. All Rights Reserved
  274. 274. © Tally Solutions Pvt. Ltd. All Rights Reserved
  275. 275. © Tally Solutions Pvt. Ltd. All Rights Reserved
  276. 276. © Tally Solutions Pvt. Ltd. All Rights Reserved
  277. 277. © Tally Solutions Pvt. Ltd. All Rights Reserved
  278. 278. © Tally Solutions Pvt. Ltd. All Rights Reserved
  279. 279. Creating a Journal Voucher_CENVAT Credit Adjustment • CENVAT Credit available to a Unit will be adjusted towards the Duty Payable to arrive at the Net Duty Payable to the Government. © Tally Solutions Pvt. Ltd. All Rights Reserved
  280. 280. Creating a Journal Voucher_CENVAT Credit Adjustment • In Tally.ERP to record the adjustment, CENVAT Duty and Excise Duty accounts are Credited and Debited, respectively to nullify their balances and the net balance in the Excise Duty ledgers will be paid to the Government. • CENVAT Credit Adjustment entry is recorded at the end of Every month or Quarter depending on the type of Manufacturer. © Tally Solutions Pvt. Ltd. All Rights Reserved
  281. 281. © Tally Solutions Pvt. Ltd. All Rights Reserved
  282. 282. © Tally Solutions Pvt. Ltd. All Rights Reserved
  283. 283. © Tally Solutions Pvt. Ltd. All Rights Reserved
  284. 284. © Tally Solutions Pvt. Ltd. All Rights Reserved
  285. 285. © Tally Solutions Pvt. Ltd. All Rights Reserved
  286. 286. © Tally Solutions Pvt. Ltd. All Rights Reserved
  287. 287. © Tally Solutions Pvt. Ltd. All Rights Reserved
  288. 288. Creating a Payment Voucher_GAR 7 Payment © Tally Solutions Pvt. Ltd. All Rights Reserved
  289. 289. © Tally Solutions Pvt. Ltd. All Rights Reserved
  290. 290. © Tally Solutions Pvt. Ltd. All Rights Reserved
  291. 291. © Tally Solutions Pvt. Ltd. All Rights Reserved
  292. 292. © Tally Solutions Pvt. Ltd. All Rights Reserved
  293. 293. Printing G.A.R.–7 Challan © Tally Solutions Pvt. Ltd. All Rights Reserved
  294. 294. © Tally Solutions Pvt. Ltd. All Rights Reserved
  295. 295. © Tally Solutions Pvt. Ltd. All Rights Reserved
  296. 296. Reports • Excise Computation • Daily Stock Register • PLA Register • Form ER 1 • Form ER 2 • CENVAT Credit Register © Tally Solutions Pvt. Ltd. All Rights Reserved
  297. 297. © Tally Solutions Pvt. Ltd. All Rights Reserved
  298. 298. © Tally Solutions Pvt. Ltd. All Rights Reserved
  299. 299. © Tally Solutions Pvt. Ltd. All Rights Reserved
  300. 300. © Tally Solutions Pvt. Ltd. All Rights Reserved
  301. 301. Daily Stock Register • Daily Stock Register is a record of stock maintained on daily basis. • A daily stock has to be maintained by every assessee. • This report contains details about Description of goods manufactured/produced, opening balance, Quantity manufactured or produced, Total quantity, Quantity removed, Assessable value, Amount of duty payable and details regarding amount of Duty actually paid. © Tally Solutions Pvt. Ltd. All Rights Reserved
  302. 302. © Tally Solutions Pvt. Ltd. All Rights Reserved
  303. 303. © Tally Solutions Pvt. Ltd. All Rights Reserved
  304. 304. PLA Register • Personal Ledger Account (PLA) is an current account through which Assessee pays the Duty to the Government. • The PLA register is credited when the duty is liable to pay and when the Duty is discharged (by CENVAT Credit /Payment) the PLA register will be debited. • The Duty Payable if any will be displayed as Balance. PLA and CENVAT Credit should be used only for payment of excise duty and not for any other payments like rent, fines, penalties etc. © Tally Solutions Pvt. Ltd. All Rights Reserved
  305. 305. © Tally Solutions Pvt. Ltd. All Rights Reserved
  306. 306. Form ER 1 Form ER 1 is a monthly return for production, removal of Goods, other relevant particulars and CENVAT Credit. • All the Excise Manufacturing (Regular/Large Tax payer) Units should file returns in Form ER 1. © Tally Solutions Pvt. Ltd. All Rights Reserved
  307. 307. © Tally Solutions Pvt. Ltd. All Rights Reserved
  308. 308. © Tally Solutions Pvt. Ltd. All Rights Reserved
  309. 309. © Tally Solutions Pvt. Ltd. All Rights Reserved
  310. 310. © Tally Solutions Pvt. Ltd. All Rights Reserved
  311. 311. CENVAT Credit Availed CENVAT Credit Availed report displays…  the details of CENVAT credit availed of Principal Input or Capital Goods. © Tally Solutions Pvt. Ltd. All Rights Reserved
  312. 312. CENVAT Credit Availed © Tally Solutions Pvt. Ltd. All Rights Reserved
  313. 313. © Tally Solutions Pvt. Ltd. All Rights Reserved
  314. 314. Thank you… © Tally Solutions Pvt. Ltd. All Rights Reserved

×