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YENNES Infotec P Limited
YENNES Infotec P Limited
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© Tally Solutions Pvt. Ltd. All Rights Reserved Value Added Tax
© Tally Solutions Pvt. Ltd. All Rights Reserved 22© Tally Solutions Pvt. Ltd. All Rights Reserved Value Added Tax VAT Purchases (Trading/ Capital goods) Sales (Tax, Retail, MRP) Purchase/ Sale Returns & Additions Classification Based Calculations Avail/ Adjust Input Credit Physical/ E-Returns
© Tally Solutions Pvt. Ltd. All Rights Reserved 33© Tally Solutions Pvt. Ltd. All Rights Reserved 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 44© Tally Solutions Pvt. Ltd. All Rights Reserved 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 55© Tally Solutions Pvt. Ltd. All Rights Reserved 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 66© Tally Solutions Pvt. Ltd. All Rights Reserved 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 77© Tally Solutions Pvt. Ltd. All Rights Reserved 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 19 States/Union Territories • Supporting Annexures for VAT/CST Forms
© Tally Solutions Pvt. Ltd. All Rights Reserved 88© Tally Solutions Pvt. Ltd. All Rights Reserved 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
© Tally Solutions Pvt. Ltd. All Rights Reserved Thank you Tally Solutions Pvt. Ltd. 331 - 336, Raheja Arcade Koramangala Bangalore - 560 095 Tel : +91 (80) 30282559 Fax : +91 (80) 30287329 Email: sales@tallysolutions.com
© Tally Solutions Pvt. Ltd. All Rights Reserved Thank you Tally Solutions Pvt. Ltd. 331 - 336, Raheja Arcade Koramangala Bangalore - 560 095 Tel : +91 (80) 30282559 Fax : +91 (80) 30287329 Email: sales@tallysolutions.com

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VAT

  • 1. © Tally Solutions Pvt. Ltd. All Rights Reserved Value Added Tax
  • 2. © Tally Solutions Pvt. Ltd. All Rights Reserved 22© Tally Solutions Pvt. Ltd. All Rights Reserved Value Added Tax VAT Purchases (Trading/ Capital goods) Sales (Tax, Retail, MRP) Purchase/ Sale Returns & Additions Classification Based Calculations Avail/ Adjust Input Credit Physical/ E-Returns
  • 3. © Tally Solutions Pvt. Ltd. All Rights Reserved 33© Tally Solutions Pvt. Ltd. All Rights Reserved Features of Value Added Tax • Accurate VAT calculation • Determine VAT Liability/Refund • Meets all accounting and statutory norms • Statutory VAT & CST Reports
  • 4. © Tally Solutions Pvt. Ltd. All Rights Reserved 44© Tally Solutions Pvt. Ltd. All Rights Reserved 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
  • 5. © Tally Solutions Pvt. Ltd. All Rights Reserved 55© Tally Solutions Pvt. Ltd. All Rights Reserved 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
  • 6. © Tally Solutions Pvt. Ltd. All Rights Reserved 66© Tally Solutions Pvt. Ltd. All Rights Reserved Meets all Accounting and Statutory norms • Seamless integration with Accounts & Inventory • Meets all Statutory Requirements of VAT provisions
  • 7. © Tally Solutions Pvt. Ltd. All Rights Reserved 77© Tally Solutions Pvt. Ltd. All Rights Reserved 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 19 States/Union Territories • Supporting Annexures for VAT/CST Forms
  • 8. © Tally Solutions Pvt. Ltd. All Rights Reserved 88© Tally Solutions Pvt. Ltd. All Rights Reserved 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
  • 9. © Tally Solutions Pvt. Ltd. All Rights Reserved Thank you Tally Solutions Pvt. Ltd. 331 - 336, Raheja Arcade Koramangala Bangalore - 560 095 Tel : +91 (80) 30282559 Fax : +91 (80) 30287329 Email: sales@tallysolutions.com
  • 10. © Tally Solutions Pvt. Ltd. All Rights Reserved Thank you Tally Solutions Pvt. Ltd. 331 - 336, Raheja Arcade Koramangala Bangalore - 560 095 Tel : +91 (80) 30282559 Fax : +91 (80) 30287329 Email: sales@tallysolutions.com