This document provides information about implementing excise tax compliance for dealers in Tally.ERP 9. It discusses key excise tax concepts for dealers like excisable goods, first and second stage dealers, and CENVAT credit. It then outlines the features available in Tally.ERP 9 for dealers to comply with excise tax requirements, including enabling excise tax, creating necessary masters, entering transactions, handling returns, and generating reports.
The document discusses the implementation of excise duty for manufacturers in Tally.ERP 9, including details on excise registration, types of excise duties, valuation methods, CENVAT credit rules, and the central excise invoice system for removals of goods. It provides an overview of the key concepts and processes involved in accounting for excise duty in Tally.ERP 9.
The document provides information about implementing TDS (tax deducted at source) functionality in Tally.ERP 9. It discusses the scope and applicability of TDS, the TDS process including payment and returns filing. It then describes the TDS features available in Tally.ERP 9 and provides step-by-step lessons on enabling TDS, performing TDS transactions for various scenarios, generating TDS reports, and filing e-returns.
This document provides guidance on implementing Tax Collected at Source (TCS) functionality in Tally.ERP 9. It discusses the scope and applicability of TCS as per Indian law, including the nature of goods subject to TCS, definitions of seller and buyer, payment timelines, and credit/returns processes. It also describes the key TCS features available in Tally.ERP 9, such as configuration options, statutory masters, ledger and stock item creation, and various sales and payment transactions involved in TCS compliance.
This document provides information and instructions about implementing Tax Deducted at Source (TDS) in the Tally.ERP 9 accounting software. It covers topics such as enabling TDS in Tally.ERP 9, completing various TDS transactions like deducting and paying TDS on expenses, adjusting TDS amounts, accounting for changes in TDS rates, and generating TDS reports and returns. The goal is to help users understand and properly utilize the TDS features in Tally.ERP 9 to comply with Indian tax regulations.
This document provides an overview of implementing Fringe Benefit Tax (FBT) in Tally.ERP 9. It discusses the key characteristics and scope of FBT under Indian law. It also outlines the features of FBT available in Tally.ERP 9 for configuration, accounting for FBT transactions, and generating statutory reports. The document is intended to help users understand and work with the FBT module in Tally for compliance with Indian FBT regulations.
Here are the steps to create Employee Masters in Tally.ERP 9:
1. Go to Gateway of Tally > Payroll Info. > Employees > Create
2. Select the Primary Cost Category as the Category
3. Type the Name of the Employee as Vijay Kumar
4. Specify the Name of the Employee Group as Administration in the field ‘Under’
5. Specify the Date of Joining as 01-04-2009
6. Press Enter to create the employee
Repeat the steps to create other employees:
Rahul under R&D group with DOJ as 01-04-2009
Mahesh under Sales group with DOJ as 01-04-2009
A
Implementation of value added tax in tally erp 9 | Tally Customization servic...stannventures.Pvt.Ltd
For more information about this PDF file. Please visit http://www.tallyspot.com
Ideal spot for a obtain Tally 9 ERP and download free Tally.ERP 9 versions. Up-grade Tally
Accounting Software & .NET Subscription, Advanced Web Interface Accounting Software for Asia & Most
ERP Software Products. Import data from tally & Data Connectivity to Tally.ERP 9 Import.
This document provides an overview of implementing TDS in Tally.ERP 9. It discusses the key aspects of the TDS process such as the scope, applicable payments, timeline for payment and issuing certificates. It also outlines the TDS features available in Tally.ERP 9 for enabling TDS, performing various TDS transactions, generating reports for computation, returns and reconciliation. The document is intended to guide users on using Tally's TDS functionality for accounting and compliance with Indian TDS regulations.
The document discusses the implementation of excise duty for manufacturers in Tally.ERP 9, including details on excise registration, types of excise duties, valuation methods, CENVAT credit rules, and the central excise invoice system for removals of goods. It provides an overview of the key concepts and processes involved in accounting for excise duty in Tally.ERP 9.
The document provides information about implementing TDS (tax deducted at source) functionality in Tally.ERP 9. It discusses the scope and applicability of TDS, the TDS process including payment and returns filing. It then describes the TDS features available in Tally.ERP 9 and provides step-by-step lessons on enabling TDS, performing TDS transactions for various scenarios, generating TDS reports, and filing e-returns.
This document provides guidance on implementing Tax Collected at Source (TCS) functionality in Tally.ERP 9. It discusses the scope and applicability of TCS as per Indian law, including the nature of goods subject to TCS, definitions of seller and buyer, payment timelines, and credit/returns processes. It also describes the key TCS features available in Tally.ERP 9, such as configuration options, statutory masters, ledger and stock item creation, and various sales and payment transactions involved in TCS compliance.
This document provides information and instructions about implementing Tax Deducted at Source (TDS) in the Tally.ERP 9 accounting software. It covers topics such as enabling TDS in Tally.ERP 9, completing various TDS transactions like deducting and paying TDS on expenses, adjusting TDS amounts, accounting for changes in TDS rates, and generating TDS reports and returns. The goal is to help users understand and properly utilize the TDS features in Tally.ERP 9 to comply with Indian tax regulations.
This document provides an overview of implementing Fringe Benefit Tax (FBT) in Tally.ERP 9. It discusses the key characteristics and scope of FBT under Indian law. It also outlines the features of FBT available in Tally.ERP 9 for configuration, accounting for FBT transactions, and generating statutory reports. The document is intended to help users understand and work with the FBT module in Tally for compliance with Indian FBT regulations.
Here are the steps to create Employee Masters in Tally.ERP 9:
1. Go to Gateway of Tally > Payroll Info. > Employees > Create
2. Select the Primary Cost Category as the Category
3. Type the Name of the Employee as Vijay Kumar
4. Specify the Name of the Employee Group as Administration in the field ‘Under’
5. Specify the Date of Joining as 01-04-2009
6. Press Enter to create the employee
Repeat the steps to create other employees:
Rahul under R&D group with DOJ as 01-04-2009
Mahesh under Sales group with DOJ as 01-04-2009
A
Implementation of value added tax in tally erp 9 | Tally Customization servic...stannventures.Pvt.Ltd
For more information about this PDF file. Please visit http://www.tallyspot.com
Ideal spot for a obtain Tally 9 ERP and download free Tally.ERP 9 versions. Up-grade Tally
Accounting Software & .NET Subscription, Advanced Web Interface Accounting Software for Asia & Most
ERP Software Products. Import data from tally & Data Connectivity to Tally.ERP 9 Import.
This document provides an overview of implementing TDS in Tally.ERP 9. It discusses the key aspects of the TDS process such as the scope, applicable payments, timeline for payment and issuing certificates. It also outlines the TDS features available in Tally.ERP 9 for enabling TDS, performing various TDS transactions, generating reports for computation, returns and reconciliation. The document is intended to guide users on using Tally's TDS functionality for accounting and compliance with Indian TDS regulations.
The document provides information about enabling Value Added Tax (VAT) in Tally.ERP 9. It discusses creating a company in Tally.ERP 9 and enabling VAT for that company. It explains the steps to set Enable VAT to Yes and select the state where the business is registered. It also discusses setting the type of dealer as Regular and entering the date from which regular VAT is applicable.
Implementation of tcs in tally erp 9 | Tally Implementation Services | Tally ...stannventures.Pvt.Ltd
For more information about this PDF file. Please visit http://www.tallyspot.com
Ideal spot for a obtain Tally 9 ERP and download free Tally.ERP 9 versions. Up-grade Tally
Accounting Software & .NET Subscription, Advanced Web Interface Accounting Software for Asia & Most
ERP Software Products. Import data from tally & Data Connectivity to Tally.ERP 9 Import.
Este documento proporciona instrucciones para realizar las parametrizaciones básicas en el módulo SD de SAP. Describe cómo crear la sociedad, organizaciones de ventas, canales de distribución, sectores, puestos de expedición y centros, que son elementos clave de la configuración maestra de SD.
GST and GSP (GST Suvidha Provider) Rolemukesh negi
GST Suvidha Providers (GSPs) are third party intermediaries introduced by GST to reduce the load on the GST IT infrastructure and simplify the invoice uploading and return filing process for large businesses. Large businesses can automate their processes by developing their own applications or using Application Service Providers (ASPs) who can consolidate, reconcile, and share the business's data with GSPs on their behalf. GSPs then file returns on behalf of businesses through secure APIs with the GSTN. ASPs act as intermediaries for businesses without internal IT capabilities, managing the process of sharing data with GSPs to electronically file returns.
This document outlines how to set up VAT ledgers and enable VAT functionality in Tally. It describes creating purchase, input VAT, sales, and output VAT ledgers, setting the correct group and VAT class for each. It then provides steps for performing a VAT adjustment, which involves noting the output VAT, input VAT and VAT payable amounts, creating a VAT adjustment voucher type, and making entries to adjust the output VAT, input VAT and VAT payable ledgers.
This document discusses key concepts related to Value Added Tax (VAT) in India, including:
1) VAT is a tax on the sale or purchase of goods levied by state governments based on constitutional powers. It aims to reduce cascading of taxes.
2) The key benefit of VAT over the previous sales tax system is the input tax credit mechanism, which allows traders to deduct taxes paid on previous purchases/inputs from their total tax liability on sales.
3) VAT applies at multiple stages of production and distribution, with tax charged on value added at each stage and cross-credits of taxes paid allowed through the input tax credit mechanism. This avoids double taxation.
Để xem full tài liệu Xin vui long liên hệ page để được hỗ trợ
:
https://www.facebook.com/garmentspace/
https://www.facebook.com/thuvienluanvan01
HOẶC
https://www.facebook.com/thuvienluanvan01
https://www.facebook.com/thuvienluanvan01
tai lieu tong hop, thu vien luan van, luan van tong hop, do an chuyen nganh
Equalisation Levy - Newly introduced - scope and nuances finalTilak Agarwal
A webinar on Scope and Nuances of newly introduced Equalisation Levy was presented to the members of Bangalore branch of ICAI. This presentation summarizes some of the relevant considerations and case studies along with issues unresolved on new EQ Levy on e-commerce business. Also covers the Interplay between EQ Levy and TDS u/s 194-O
If the assessing officer is satisfied that the total income of the buyer justifies the collection of TCS at a lower rate, the assessing officer shall, on an application made by the buyer in Form 13, give to him a certificate, as may be appropriate for the collection of tax at such lower rate. For more info visit : www.attitudetallyacademy.com
Phân tích tình hình tài chính tại công ty tnhh xuất nhập khẩu thương mại vận ...Thư viện Tài liệu mẫu
Tải file tài liệu tại Website: inantailieu.com hoặc sdt/ ZALO 09345 497 28
Khóa luận Phân tích tình hình tài chính tại công ty tnhh xuất nhập khẩu thương mại vận tải khánh hà
Hoàn thiện công tác công tác quản trị dòng tiền ngắn hạn tại công ty cổ phần ...NOT
Giá 10k/5 lượt download Liên hệ page để mua: https://www.facebook.com/garmentspace Xin chào, Nếu bạn cần mua tài liệu xin vui lòng liên hệ facebook: https://www.facebook.com/garmentspace Tại sao tài liệu lại có phí ??? Tài liệu một phần do mình bỏ thời gian sưu tầm trên Internet, một số do mình bỏ tiền mua từ các website bán tài liệu, với chi phí chỉ 10k cho 5 lượt download tài liệu bất kỳ bạn sẽ không tìm ra nơi nào cung cấp tài liệu với mức phí như thế, xin hãy ủng hộ Garment Space nhé, đừng ném đá. Xin cảm ơn rất nhiều
This document provides instructions for online filing of e-TDS returns in India. It explains that an entity must first register online and obtain an Organization ID and User ID. The entity must have a Digital Signature Certificate (DSC) for authentication. The document then outlines the step-by-step process for online registration, mapping the user to a TAN number, uploading the FVU file containing TDS details, checking the filing status, and downloading the provisional receipt. The process involves selecting the DSC at various stages for authentication and digital signing of documents.
Để xem full tài liệu Xin vui long liên hệ page để được hỗ trợ
:
https://www.facebook.com/garmentspace/
https://www.facebook.com/thuvienluanvan01
HOẶC
https://www.facebook.com/thuvienluanvan01
https://www.facebook.com/thuvienluanvan01
tai lieu tong hop, thu vien luan van, luan van tong hop, do an chuyen nganh
Download luận văn đồ án tốt nghiệp ngành kế toán với đề tài: Phân tích Bảng cân đối kế toán nhằm đánh giá công tác quản lý và sử dụng tài sản, nguồn vốn tại công ty Cổ phần điện tử Hải Phòng
This document provides an overview of using the User Managed Access (UMA) protocol and Keycloak for authorization. It describes UMA concepts like request tokens, resources, and permissions. It then demonstrates a sample UMA photo sharing application implemented with Keycloak. The application allows users to create photo albums, share albums with other users, and request access that can be approved or revoked. It also shows how to interact with the UMA functionality through REST APIs to perform actions like requesting access tokens, viewing resources, and managing permissions.
U.S. State and Local Indirect Tax OverviewAlex Baulf
The document provides an overview of U.S. state and local indirect tax. It discusses key concepts such as nexus, taxability, exemptions, and tax rates. It also examines the complexity of sales tax laws and how they can vary between states and local jurisdictions.
The document provides an overview of Botswana's financial sector as of 2010/2011. It discusses the evolution and structure of the banking sector, which has grown increasingly important to Botswana's economy. The regulatory framework for banks and other non-bank financial institutions is also examined. Several issues facing the financial sector are analyzed, including the impact of the global crisis, competition and profitability trends in the banking industry, and potential future sources of growth.
asistente que propone la imputación de costes a centros de coste u
órdenes.
Grupos
Grupo de Clases de Coste: permite agrupar clases de coste con características
similares para facilitar su tratamiento colectivo.
Grupo de Centros de Coste: permite agrupar centros de coste con
características similares para facilitar su tratamiento colectivo.
Grupo de Órdenes: permite agrupar órdenes con características similares
para facilitar su tratamiento
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Unlike erstwhile indirect tax regime, GST promises seamless credit on goods and services across the entire supply chain with some exceptions. In this webinar, we shall understand and analyse the provisions related to Input Tax Credit under the GST law
In the evolving environment of the new GST regime it is envisioned that the GST Suvidha Providers (GSP) concept is going to play a very important and strategic role.
Tally Brains is pioneer in Providing Tally Education across the globe. We provide franchisee to potential institutes and new comers also. For more query Visit our website-
Tallybrains.com or mail us to- info@tallybrains.com
1)Record orders placed/received
2) Make a reorder analysis of inventory
3) Create and maintain batch wise details, bill of materials and price lists
4) Display reports on various stock valuation methods and inventory ageing
analysis
5) Record zero valued entries
6) Record transactions using different actual and billed quantities
The document provides information about enabling Value Added Tax (VAT) in Tally.ERP 9. It discusses creating a company in Tally.ERP 9 and enabling VAT for that company. It explains the steps to set Enable VAT to Yes and select the state where the business is registered. It also discusses setting the type of dealer as Regular and entering the date from which regular VAT is applicable.
Implementation of tcs in tally erp 9 | Tally Implementation Services | Tally ...stannventures.Pvt.Ltd
For more information about this PDF file. Please visit http://www.tallyspot.com
Ideal spot for a obtain Tally 9 ERP and download free Tally.ERP 9 versions. Up-grade Tally
Accounting Software & .NET Subscription, Advanced Web Interface Accounting Software for Asia & Most
ERP Software Products. Import data from tally & Data Connectivity to Tally.ERP 9 Import.
Este documento proporciona instrucciones para realizar las parametrizaciones básicas en el módulo SD de SAP. Describe cómo crear la sociedad, organizaciones de ventas, canales de distribución, sectores, puestos de expedición y centros, que son elementos clave de la configuración maestra de SD.
GST and GSP (GST Suvidha Provider) Rolemukesh negi
GST Suvidha Providers (GSPs) are third party intermediaries introduced by GST to reduce the load on the GST IT infrastructure and simplify the invoice uploading and return filing process for large businesses. Large businesses can automate their processes by developing their own applications or using Application Service Providers (ASPs) who can consolidate, reconcile, and share the business's data with GSPs on their behalf. GSPs then file returns on behalf of businesses through secure APIs with the GSTN. ASPs act as intermediaries for businesses without internal IT capabilities, managing the process of sharing data with GSPs to electronically file returns.
This document outlines how to set up VAT ledgers and enable VAT functionality in Tally. It describes creating purchase, input VAT, sales, and output VAT ledgers, setting the correct group and VAT class for each. It then provides steps for performing a VAT adjustment, which involves noting the output VAT, input VAT and VAT payable amounts, creating a VAT adjustment voucher type, and making entries to adjust the output VAT, input VAT and VAT payable ledgers.
This document discusses key concepts related to Value Added Tax (VAT) in India, including:
1) VAT is a tax on the sale or purchase of goods levied by state governments based on constitutional powers. It aims to reduce cascading of taxes.
2) The key benefit of VAT over the previous sales tax system is the input tax credit mechanism, which allows traders to deduct taxes paid on previous purchases/inputs from their total tax liability on sales.
3) VAT applies at multiple stages of production and distribution, with tax charged on value added at each stage and cross-credits of taxes paid allowed through the input tax credit mechanism. This avoids double taxation.
Để xem full tài liệu Xin vui long liên hệ page để được hỗ trợ
:
https://www.facebook.com/garmentspace/
https://www.facebook.com/thuvienluanvan01
HOẶC
https://www.facebook.com/thuvienluanvan01
https://www.facebook.com/thuvienluanvan01
tai lieu tong hop, thu vien luan van, luan van tong hop, do an chuyen nganh
Equalisation Levy - Newly introduced - scope and nuances finalTilak Agarwal
A webinar on Scope and Nuances of newly introduced Equalisation Levy was presented to the members of Bangalore branch of ICAI. This presentation summarizes some of the relevant considerations and case studies along with issues unresolved on new EQ Levy on e-commerce business. Also covers the Interplay between EQ Levy and TDS u/s 194-O
If the assessing officer is satisfied that the total income of the buyer justifies the collection of TCS at a lower rate, the assessing officer shall, on an application made by the buyer in Form 13, give to him a certificate, as may be appropriate for the collection of tax at such lower rate. For more info visit : www.attitudetallyacademy.com
Phân tích tình hình tài chính tại công ty tnhh xuất nhập khẩu thương mại vận ...Thư viện Tài liệu mẫu
Tải file tài liệu tại Website: inantailieu.com hoặc sdt/ ZALO 09345 497 28
Khóa luận Phân tích tình hình tài chính tại công ty tnhh xuất nhập khẩu thương mại vận tải khánh hà
Hoàn thiện công tác công tác quản trị dòng tiền ngắn hạn tại công ty cổ phần ...NOT
Giá 10k/5 lượt download Liên hệ page để mua: https://www.facebook.com/garmentspace Xin chào, Nếu bạn cần mua tài liệu xin vui lòng liên hệ facebook: https://www.facebook.com/garmentspace Tại sao tài liệu lại có phí ??? Tài liệu một phần do mình bỏ thời gian sưu tầm trên Internet, một số do mình bỏ tiền mua từ các website bán tài liệu, với chi phí chỉ 10k cho 5 lượt download tài liệu bất kỳ bạn sẽ không tìm ra nơi nào cung cấp tài liệu với mức phí như thế, xin hãy ủng hộ Garment Space nhé, đừng ném đá. Xin cảm ơn rất nhiều
This document provides instructions for online filing of e-TDS returns in India. It explains that an entity must first register online and obtain an Organization ID and User ID. The entity must have a Digital Signature Certificate (DSC) for authentication. The document then outlines the step-by-step process for online registration, mapping the user to a TAN number, uploading the FVU file containing TDS details, checking the filing status, and downloading the provisional receipt. The process involves selecting the DSC at various stages for authentication and digital signing of documents.
Để xem full tài liệu Xin vui long liên hệ page để được hỗ trợ
:
https://www.facebook.com/garmentspace/
https://www.facebook.com/thuvienluanvan01
HOẶC
https://www.facebook.com/thuvienluanvan01
https://www.facebook.com/thuvienluanvan01
tai lieu tong hop, thu vien luan van, luan van tong hop, do an chuyen nganh
Download luận văn đồ án tốt nghiệp ngành kế toán với đề tài: Phân tích Bảng cân đối kế toán nhằm đánh giá công tác quản lý và sử dụng tài sản, nguồn vốn tại công ty Cổ phần điện tử Hải Phòng
This document provides an overview of using the User Managed Access (UMA) protocol and Keycloak for authorization. It describes UMA concepts like request tokens, resources, and permissions. It then demonstrates a sample UMA photo sharing application implemented with Keycloak. The application allows users to create photo albums, share albums with other users, and request access that can be approved or revoked. It also shows how to interact with the UMA functionality through REST APIs to perform actions like requesting access tokens, viewing resources, and managing permissions.
U.S. State and Local Indirect Tax OverviewAlex Baulf
The document provides an overview of U.S. state and local indirect tax. It discusses key concepts such as nexus, taxability, exemptions, and tax rates. It also examines the complexity of sales tax laws and how they can vary between states and local jurisdictions.
The document provides an overview of Botswana's financial sector as of 2010/2011. It discusses the evolution and structure of the banking sector, which has grown increasingly important to Botswana's economy. The regulatory framework for banks and other non-bank financial institutions is also examined. Several issues facing the financial sector are analyzed, including the impact of the global crisis, competition and profitability trends in the banking industry, and potential future sources of growth.
asistente que propone la imputación de costes a centros de coste u
órdenes.
Grupos
Grupo de Clases de Coste: permite agrupar clases de coste con características
similares para facilitar su tratamiento colectivo.
Grupo de Centros de Coste: permite agrupar centros de coste con
características similares para facilitar su tratamiento colectivo.
Grupo de Órdenes: permite agrupar órdenes con características similares
para facilitar su tratamiento
OBJECTIVE
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July, 2017 which was one of the most important reforms in the Indian Economy. Unlike erstwhile indirect tax regime, GST promises seamless credit on goods and services across the entire supply chain with some exceptions. In this webinar, we shall understand and analyse the provisions related to Input Tax Credit under the GST law
In the evolving environment of the new GST regime it is envisioned that the GST Suvidha Providers (GSP) concept is going to play a very important and strategic role.
Tally Brains is pioneer in Providing Tally Education across the globe. We provide franchisee to potential institutes and new comers also. For more query Visit our website-
Tallybrains.com or mail us to- info@tallybrains.com
1)Record orders placed/received
2) Make a reorder analysis of inventory
3) Create and maintain batch wise details, bill of materials and price lists
4) Display reports on various stock valuation methods and inventory ageing
analysis
5) Record zero valued entries
6) Record transactions using different actual and billed quantities
This document lists many Microsoft Excel shortcut keys for formatting cells, editing worksheets, navigating between sheets, inserting functions and charts, saving files, and more. Some keys select or format text, others find and replace, calculate worksheets, toggle views, insert and delete rows/columns, activate menus and toolbars, and open common dialog boxes like font and number formatting. The shortcut keys allow efficient navigation and editing in Excel without using the mouse.
Advanced voucher entry tutorial in Tally ERP 9Accounts Arabia
Describe the purpose of the Tally.ERP 9 Accounting Vouchers Create and alter Accounting Vouchers
Use vouchers to enter Accounting transactions
Describe the use of Non-Accounting Vouchers
Describe the purpose of the Tally.ERP 9 Inventory vouchers
Create and alter Inventory Vouchers
Using vouchers to enter Inventory transactions
In accounting terms, a voucher is a document containing the details of a financial transaction. For
example, a purchase invoice, a sales receipt, a petty cash docket, a bank interest statement, and
so on. For every such transaction made, a voucher is used to enter the details into the ledgers to
update the financial position of the company. This feature of Tally.ERP 9 will be used most often.
Tally is accounting software that integrates all key business operations like sales, finance, purchasing, inventory and manufacturing into one system. It allows users to access up-to-date business information from anywhere. Some key features include simplicity of use, speed in generating reports, an online support center, remote access capabilities, and the ability to backup and restore company data.
Hindi-University is a non-profit project based in Washington DC with the mission of being a leader in Hindi language education and a unique hub for cultural exchange. Hindi-University uses social-media (i.e. Youtube, Facebook, Udemy etc.) as an online forum to facilitate teaching individuals across the globe.
Hindi is one of the most widely spoken languages in the world: over 500 million people speak Hindi
Talk to us on twitter:
https://twitter.com/hindiuniversity
Subscribe on Youtube:
https://www.youtube.com/user/hindiuniversity/featured
The document provides a table listing useful Microsoft Office 2000 shortcut keys for various applications including Access 2000, Excel 2000, FrontPage 2000, Outlook 2000, PhotoDraw 2000, PowerPoint 2000 and more. The table lists the activity or function and its corresponding shortcut keys for each application.
This document provides instructions for creating a database in Microsoft Access 2007. It begins by explaining how to start Access and select a blank database template. It then guides the user through saving the database file and gives an overview of the new tabs and ribbons interface in Access 2007. The main content focuses on designing a table by adding field names like "Last Name" and selecting the appropriate data type for each field. The goal is to build a personnel database by breaking information like names and addresses into individual fields.
This document provides shortcuts in Tally accounting software to help users operate it faster. Some key shortcuts include Alt 2 to create a duplicate voucher, Ctrl A to accept a duplicate voucher without confirmation, Alt C for various functions like creating new vouchers and accessing the calculator, and Ctrl R to repeat the last voucher narration for faster data entry. The document also discusses how to disable window colors in Tally and copy narrations between vouchers.
The basic functions of the Tally.ERP 9 Inventory System
Creating and maintaining Inventory Masters
Creating and maintaining stock details
Creating stock items and entering opening balances.
The basic functions of Tally.ERP 9
F11: Features & F12: Configurations
Creating and Maintaining Chart of Accounts
Entering the opening balances for Ledgers
This document provides keyboard shortcuts for Microsoft Word, Excel, Outlook, Windows, and special characters. It includes over 300 shortcuts for common commands and functions. Some key shortcuts included are Ctrl+C to copy, Ctrl+V to paste, Ctrl+X to cut, Alt+Tab to switch between open apps, F2 to edit the selected cell in Excel, and Ctrl+A to select all content.
Maintain Bill-wise Details
Create and maintain cost Centers
Create and maintain Multiple Currencies
Configure and compute Interest Calculations
Create and maintain Budgets and Scenarios
Generate and print various reports
Shortcut Keys in Tally ERP 9
Tally ERP 9 provides a selection of keyboard Tally Shortcuts to access menu functionalities to increase data entry speed. You are able to either click the button in the button bar or press the appropriate function key or character underlined/double-underlined. Some links have a double-underlined means you must press CTRL + the character key. For example, in the voucher entry screen, to change the voucher type Credit Note, press CTRL + F8. (note double line under F8 Key)
The document contains questions related to accounting practices for various companies. It includes questions to create general ledgers, pass journal entries, show trial balances and financial statements for companies like Exchanger Services Pvt Ltd, Sagar Industries Ltd, Jakharia Computer Institute, and Daimand Infrasture Pvt Ltd. There are also questions on inventory management for companies like IBM Company and Sai Service & Motor Trader.
1. The document records various transactions made by Idhayam of Kumbakonam from January 1-31, 2010. These include starting the business with Rs. 180,000 cash, purchases and sales made for cash and credit, payments to creditors and expenses, and depreciation and bad debt allowances.
2. Journal entries are made for each transaction, debiting and crediting the appropriate accounts.
3. The document instructs to view the day book and individual ledger accounts in Tally Gateway to see details of each transaction recorded from January 1-31, 2010.
The document describes the various configuration options available in the F12: Configure menu in Tally.ERP 9. This menu allows modifying application-level configurations like voucher entry settings, numeric symbols, account/inventory information, printing formats, and other preferences. Key configuration areas include general settings, voucher entry options for accounting and inventory vouchers, data import/export rules and more. Changes made using F12: Configure are saved globally and affect all companies in the Tally.ERP 9 application.
Getting started with licensing | Tally.NET Services | Tally Intergation | Tal...stannventures.Pvt.Ltd
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1. Create a company called "National Traders" based in Tamil Nadu, India
2. Go to F11: Features and enable VAT
3. Select Tamil Nadu as the registered state in the Company VAT Details screen
This completes the initial setup to enable VAT functionality in Tally.ERP 9 for the dealer "National Traders" registered in Tamil Nadu.
To enable Service Tax in Tally.ERP 9 for a company:
1. Create the company Crystal Services (P) Ltd in Tally.ERP 9 and specify it is located in India.
2. Go to F11: Features > Statutory & Taxation > Select Service Tax.
3. In the Service Tax Configuration screen, select the applicable date to enable Service Tax functionality.
This will configure Tally.ERP 9 to track all Service Tax transactions for Crystal Services (P) Ltd, calculate tax payable/credit, and generate necessary reports as per
This document provides release notes for Tally.ERP 9 Series A Release 1.81 from June 2010. It includes enhancements to the Service Tax module to support migration, and fixes issues related to Tally.NET, accounting vouchers, excise for manufacturers, tax deducted at source, and value added tax. The document also details new features and enhancements included in Release 1.8 from May 2010, such as new licensing, service tax, audit features, and support for additional formats. It provides information on improvements to various modules, features, and the TDL.
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Tayabali Tomlin Successful Business Starter Pack 2010Aynsley Damery
The Financial, Tax and Accounting considerations of starting a new business - with this handy reference guide to starting a business, you should be able to successfully handle many of the problems encountered in starting and running a business. Always remember to seek professional advice in areas that you are not sure about. The benefits will far outweigh the cost. Good luck!
Getting started with excise for manufacturers | Tally Corporate Services | Ta...stannventures.Pvt.Ltd
This document provides an overview of excise duty requirements for manufacturers in India. Some key points:
- Excise duty is payable on goods manufactured in India and intended for domestic consumption. It is paid by manufacturers and the liability is passed to consumers.
- Manufacturers must register for an excise control code (ECC) number and excise registration. Goods can only be removed from factories or warehouses under serially numbered excise invoices.
- Duty is generally payable on a fortnightly basis, with payments due by the 20th for the 1st-15th period and 5th of the next month for the 16th-end period. However, the second half of March
Stroll Net will provide public internet terminals throughout Tech City for affordable internet access away from home or office. The business will be owned equally by Cam Piotr and Bob Green, with investors owning the remaining shares. Stroll Net aims to introduce an innovative product to meet the growing demand for internet access. Risks include whether there is sufficient demand and if people will pay for the service. The terminals will offer internet, email, advertising and prepaid services. Stroll Net expects to attract students and traveling business people in particular.
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This document is a product disclosure statement that describes Zurich's Taxi Insurance Composite Cover. It outlines what the policy covers, including own damage to the taxi and third party liability. It also describes how premiums are calculated, how to make a claim, privacy policies, and complaint procedures. The policy provides insurance protection for taxis and taxi drivers.
Powur pbc advocate policies and procedures - version 1.1Joshua Drake
This document outlines policies and procedures for advocates, including how to become an advocate, advocate status and responsibilities, sponsoring other advocates, proprietary information, resignation and termination, transferring advocate status, and use of trademarks and advertising. Key points include that no payment is required to become an advocate, advocates are independent contractors, they may sponsor other advocates but are limited in soliciting those sponsored by others, and certain confidential and proprietary information must be kept private.
This document is the policy wording for a Zurich Steadfast General and Products Liability Insurance policy. It includes definitions of key terms used in the policy such as advertising injury, bodily injury, occurrence, named insured, and products liability. It also outlines important information for policyholders regarding cooling-off periods, complaints handling, and claims procedures. The document provides the detailed terms and conditions of the general liability and products liability coverage provided by the insurance policy.
The Invest Plus user manual describes the setup wizard that allows users to easily create an Invest Plus database in 6 simple steps. The wizard guides users to enter basic personal details, cash and savings account information, financial year details, trading account and broker information to get started using Invest Plus. It provides an intuitive way to create a new file and set up the necessary master records to manage personal finances.
t was important for Yoli to come out of the gate with a formulation that represented what Yoli was truly all about. To do that, we needed to eliminate all of the bad and lock in only the good ingredients.
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Getting started with income tax | Tally Chennai | Tally Intergation | Tally ...stannventures.Pvt.Ltd
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This document provides information and instructions for implementing a payroll system in Tally.ERP 9. It discusses configuring payroll settings, creating payroll masters like employee groups and pay heads, processing attendance and payroll vouchers, and accounting for payroll taxes and contributions like PF, ESI, and professional tax. It also covers tracking salary advances, processing pay revisions and arrears, and payroll for contract employees. The document is intended to guide users through the full payroll implementation and processing cycle in Tally.ERP 9.
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Implementation of service tax in tally erp 9 | Tally Shopper | Tally Solutio...stannventures.Pvt.Ltd
The expenditure incurred by the pure agent on behalf of the recipient of service shall not
be included in the value of taxable service if following conditions are satisfied:
1. The pure agent should act only as an agent of the recipient of service and has no intention to
hold the title of goods or services procured.
2. The pure agent should not use the procured goods or services in any other capacity.
3. The expenditure incurred by the pure agent should be reimbursed by the recipient of service.
Money Equivalent
Money equivalent means the value of any taxable service provided without any consideration in
money, determined in accordance with the Service Tax (Determination of Value) Rules, 2006.
The document lists various types of reports available in the Tally.ERP 9 accounting software from April 2009. It includes financial reports like balance sheets and profit & loss statements, inventory reports like stock summaries and item movement analysis, job costing reports, payroll reports like payslips and attendance sheets, and point of sale reports like POS invoices. The reports allow users to analyze financial, inventory, payroll and sales data in the Tally.ERP 9 system.
Tally.ERP 9 is accounting software developed by Tally Solutions in 1986 that provides flexible and easy to use business solutions. It is one of the first accounting software packages to introduce no-code configurations and multilingual capabilities. With over 2 million users, Tally.ERP 9 offers integrated inventory management, financial reporting, receivables/payables management, and other tools to help businesses control costs and enhance productivity, management decision making, and business value.
This document provides an overview of excise duty in India. It defines excise duty as a tax on goods manufactured in India and intended for domestic consumption. It is payable by manufacturers at the time of production or removal of goods. The key points covered include the types of excise duties, eligible duties for CENVAT credit, valuation methods, the excise control code number system, and requirements for central excise invoicing.
Here are the steps to create an employee master in Tally.ERP 9:
1. Go to Gateway of Tally > Payroll Info > Employee Masters > Create
2. In the Employee Master Creation screen, enter the following details:
- Employee Code (Unique ID)
- Employee Name
- Date of Joining
- Employee Group (select the relevant group created earlier)
3. Press Enter. The Employee Statutory Details screen will be displayed.
4. Enter the relevant statutory details like PF Number, ESI Number etc.
5. Press Enter. The Employee Personal Details screen will be displayed.
6. Enter other details like date of birth, gender, address etc.
7. Press
This document provides guidance on implementing Central Sales Tax (CST) in Tally.ERP 9. It discusses CST basics, registration requirements, declaration forms used for CST transactions, and how to file CST returns. It then provides lessons on enabling CST in Tally.ERP 9, processing various CST transaction types like inter-state purchases and sales, accounting for CST adjustments and payments, and generating CST reports. The document aims to help users comply with CST regulations using Tally.ERP 9's features.
Job costing allows tracking costs and revenues for individual jobs or projects in Tally.ERP 9. Cost centers and inventory features are integrated to enable job costing. Job costing reports like job work analysis and material consumption summary determine profitability and track material movements for each job. Masters like cost centers, godowns, ledgers and stock items must be created and relevant vouchers passed to implement job costing functionality in Tally.ERP 9.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
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How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
3. Contents
Introduction
Basic Concepts in Excise Duty ...........................................................................................................................1
Excisable Goods ............................................................................................................................................... 1
Dealer of Excisable Goods ..................................................................................................................................1
First Stage Dealer .................................................................................................................................................2
Second Stage Dealer .............................................................................................................................................2
Registration of Dealers .........................................................................................................................................3
CENVAT Credit ....................................................................................................................................................3
Purchases from Manufacturer .......................................................................................................................... 4
Purchases from a Agent of Manufacturer ......................................................................................................... 5
Purchases from Importer .................................................................................................................................. 5
Purchases from First Stage Dealer .................................................................................................................. 6
Purchases from Second Stage Dealer ............................................................................................................... 6
Salient Features of Dealer Excise Compliant Tally.ERP 9 ...........................................................................7
Lesson 1: Enabling Dealer Excise in Tally.ERP 9
1.1 Enabling Excise in Tally.ERP 9 ...............................................................................................................8
1.1.1 Create Company ..................................................................................................................................... 8
1.1.2 Enable Excise .......................................................................................................................................... 9
1.1.3 Enable VAT ........................................................................................................................................... 13
Lesson 2: Creation of Masters
2.1 Sales and Purchase Ledgers ......................................................................................................................15
2.2 Duties & Taxes Ledger .............................................................................................................................18
2.3 Party Ledgers .............................................................................................................................................21
2.4 Tariff Classification ...................................................................................................................................25
2.5 Stock Items .................................................................................................................................................26
2.6 Creating Excise Voucher Type ................................................................................................................34
Lesson 3: Transactions
3.1 Purchase of Excisable Goods ...................................................................................................................40
3.1.1 Purchases from a Manufacturer ........................................................................................................... 40
3.1.2 Purchases from Agent of a Manufacturer ............................................................................................. 48
3.1.3 Purchase from an Importer ................................................................................................................... 52
3.1.4 Purchase from First Stage Dealer ........................................................................................................55
3.1.5 Purchase from Second Stage Dealer .................................................................................................... 61
3.2 Sale of Excisable Goods ...........................................................................................................................66
3.2.1 Excise Sales (Excise Invoice) ................................................................................................................ 67
3.2.2 Excise Invoice without Supplier Trader Information ........................................................................... 75
3.2.3 Excise Invoice cum Commercial Invoice .............................................................................................. 77
3.2.4 Commercial Invoice .............................................................................................................................. 81
i
4. Contents
3.2.5 Sale of Goods Purchased from an Importer ......................................................................................... 86
Lesson 4: Return of Goods
4.1 Sales Returns ...............................................................................................................................................91
4.2 Purchase Returns ........................................................................................................................................95
Lesson 5: Reports
5.1 Excise Stock Register ................................................................................................................................98
5.2 Excise Purchase Bill Register ................................................................................................................102
5.3 Sales and Purchase Extract .....................................................................................................................103
5.4 Form RG 23D ...........................................................................................................................................105
5.5 Quarterly Return - Form 2 ......................................................................................................................109
Lesson 6: Dealer Excise Opening Stock
6.1 Accounting Excise Opening Stock ........................................................................................................113
6.2 Quarterly Return - Form II .....................................................................................................................125
ii
5. Introduction
Excise duty or Duty of Excise is a tax on goods produced or manufactured in India and intended
for home consumption i.e, sale in India. The Excise duty is chargeable at the time of production or
manufacturing, but for convenience it is charged at the time of removal.
It is basically an indirect tax on the manufacturer or producer 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 under Central Excise Tariff Act, 1985. The duty is
commonly referred to as the Basic Excise Duty. Certain items like fibre, yarn and so on also
attract Additional Excise Duty under Additional Duties of Excise (Textiles and Textile Articles) Act,
1975 in addition to Basic duty of Excise.
Basic Concepts in Excise Duty
The following are some of the basic terms related to Excise.
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 conditions to be satisfied are,
The goods must be movable
The goods must be marketable i.e., saleable in the market as such goods. Actual sale of
goods in the market is not necessary as excise duty is chargeable on manufacture and not
on sale
The goods must be specified in the Central Excise Tariff Act
Dealer of Excisable Goods
A dealer of excisable goods is one who is registered under Central Excise Rules.
Any of the following categories would constitute a registered dealer
Depot of a manufacturer or the premises of the consignment agent of the manufacturer or
any other premises from where the goods are sold on behalf of the manufacturer
First stage dealer of excisable goods
1
6. Introduction
Second stage dealer of excisable goods
Depot of an importer or the premises of the consignment agent of the importer
First stage dealer of imported goods
Second stage dealer of imported goods
Figure . 1 Chart showing Dealers of Excisable Goods
First Stage Dealer
A First Stage Dealer is a dealer, who purchases the goods directly from,
The manufacturer under the cover of an invoice issued in terms of the provisions of Central
Excise Rules, 2002 or from the depot of the said manufacturer, or from premises of the
consignment agent of the said manufacturer or from any other premises from where the
goods are sold by or on behalf of the said manufacturer, under cover of an invoice or
An importer or from the depot of an importer or from the premises of the consignment
agent of the importer, under cover of an invoice
Second Stage Dealer
A Second Stage Dealer is a dealer who purchases the goods from a first stage dealer.
2
7. Introduction
Registration of Dealers
Every Dealer or Importer issuing CENVATable Invoices should be registered with the jurisdictional
Range Superintendent as per the procedure prescribed in Rule 9 of Central Excise (No. 2) Rules
2001. The registration is valid only for the premises it is granted. Where the manufacturer or
dealer, has more than one premise it is necessary to obtain a separate registration for each
premises from the respective Range Superintendent having jurisdiction over the premises,
whether it be a factory or a depot / branch office desiring to issue CENVAT invoices.
The registration numbers are PAN based 15 digit alpha numeric numbers. The first part denotes
10 character (alpha numeric) Permanent Account number issued by Income tax authorities and
the second part comprises of a fixed 2 character alpha code which is as follows:
Sl.No. Category Code
1. Central Excise Manufacturers XM
2. Registered Dealers XD
This is followed by a three character numeric code - 001, 002, 003 etc., i.e, where a manufacturer
has only one factory / dealer's premise / warehouse, the last three character will be 001. If there
are more than one factories / dealer's premises / warehouses of such a person holding common
PAN for all such premises, the last three character would be 002, 003 etc.
CENVAT Credit
A manufacturer or producer of final products shall be allowed to take credit referred as CENVAT
credit on the following:
Duty of excise specified in the First and Second Schedule to the Excise Tariff Act (ED).
Additional duty of Excise leviable under Additional Duties of Excise (Textile and Textile Arti-
cles) (AED [T and TA]).
Additional duty of Excise leviable under Additional Duties of Excise (Goods of Special
Importance) (AED [GSI]).
The National Calamity Contingent duty (NCCD) leviable under Finance Act.
Education Cess on excisable goods.
Additional Duty leviable under Customs Tariff Act.
The Central Government entitles manufacturer of excisable goods to avail CENVAT credit of duty
paid on the inputs purchased from a first stage dealer or a second stage dealer, as the case may
be, in terms of the provisions of Central Excise Rules, 2002.
Eventually, the manufacturer or producer can utilize the CENVAT credit for payment of duty of
excise on any final product.
3
8. Introduction
Consider the following diagrams to understand the mechanism of passing of CENVAT Credit by
various dealers of excisable goods.
Purchases from Manufacturer
Figure . 2 Purchases from Manufacturer
4
9. Introduction
Purchases from a Agent of Manufacturer
Figure . 3 Chart showing Purchases from Agent of Manufacturer
Purchases from Importer
Figure . 4 Chart showing Purchases from an Importe
5
10. Introduction
Purchases from First Stage Dealer
Figure . 5 Chart showing Purchases from First Stage Dealer
Purchases from Second Stage Dealer
Figure . 6 Chart showing Purchases from Second Stage Dealer
6
11. Introduction
Salient Features of Dealer Excise Compliant Tally.ERP 9
Following are the salient features of the excise module
Simple and user-friendly
Easy to setup and use
Generates Excise Invoice raised by first and second stage registered dealers to pass on
CENVAT Credit.
Allows Batch-wise Inventory details.
Provides option to print details of Manufacturer/ Supplier and all other relevant particulars
of the corresponding purchase invoice.
Tracks item history of excisable goods, right from the instance of purchase till the time of
sale/ passing / termination of CENVAT Credit.
Generates statutory returns and excise related reports as mandated, which are Form 2 and
Stock Register.
Provides flexibility to adjust unassigned CENVAT Credit well within the prescribed lapse
period.
Facilitates various Excise duty parameters like BED, AED (T and TA), AED (GSI), NCCD,
Education Cess and Additional Duty leviable under Customs Tariff Act.
7
12. Lesson 1: Enabling Dealer Excise in Tally.ERP 9
Tally.ERP 9’s Dealer Excise module facilitates complete Excise Accounting for dealers engaged in
trading of excisable goods and desiring to issue CENVATable invoices. It minimises the possibility
of erroneous data entry and ensures transparency and better levels of compliance with the
statutes. It requires a one-time configuration in Tally.ERP 9 for Dealer Excise features to be acti-
vated.
1.1 Enabling Excise in Tally.ERP 9
It takes a one-time configuration in Tally.ERP 9 for Excise features to be activated. Follow the
steps given below to enable Excise in Tally.ERP 9 for a new company Steelage Industries (P)
Ltd..
1. Create Company
2. Enable Excise
3. Enable VAT
Steelage Industries (P) Ltd., is dealing in Iron & Steel products such as Hot & Cold Rolled Coils,
Sheets etc.
1.1.1 Create Company
Go to Gateway of Tally > Alt + F3: Company Info. > Create Company
In the Company Creation screen,
Specify Steelage Industries (P) Ltd. as the Company Name and Address details
Select India in the Statutory Compliance for field
Specify the State, Pin code & Accounts with Inventory details
Specify Financial Year From & Books beginning from date as 1-4-2008
8
13. Enabling Dealer Excise in Tally.ERP 9
The completed Company Creation screen is displayed as shown.
Figure 1.1 Company Creation Screen
Press Enter to Accept
1.1.2 Enable Excise
To enable Excise Feature, for a company
1. Activate Excise Feature
2. Enable Set/Alter Excise Details
3. Excise Registration Details
4. Enter VAT TIN, Inter-state Sales Tax Number and Company’s PAN / Income – Tax No
To enable Excise Feature for Steelage Industries (P) Ltd.
Go to Gateway of Tally > F11: Features > F3: Statutory & Taxation
Set Enable Excise to Yes
Enable Set/Alter Excise Details to Yes
9
14. Enabling Dealer Excise in Tally.ERP 9
The Statutory & Taxation features screen appears as shown
Figure 1.2 F3: Statutory & Taxation Features
Press Enter, to view Excise Registration Details screen
In the Excise Registration Details screen appears as shown
10
15. Enabling Dealer Excise in Tally.ERP 9
Figure 1.3 Excise Registration Details Screen
1. Registration Type: Selects Dealer from Registration Types list
2. Address, Telephone No and PIN Code: Address, Telephone No. and PIN Code details are
captured from the company creation screen. If required, it can be altered.
3. Excise Details: Under this section provide Excise Details of the unit. Excise Details will be
specific to the Registration Type selected.
Registration Type selected will be displayed below the heading - Excise
Details to identify the unit as a manufacturer or a dealer.
Unit Mailing Name: The Mailing Name entered in the company creation will be displayed
as the Unit Mailing Name. If required, it can be altered.
11
16. Enabling Dealer Excise in Tally.ERP 9
Name entered in the Unit Mailing Name will be used in all Excise Reports.
Excise Registration (ECC) No.: Enter 15 digits Excise Registration Number (ECC) of the
Company/Unit, e.g. AAPBF2149RXD001
Date of Registration: Enter the date of Excise Registration, e.g. 10-4-2000
4. Other Details: In this section enter Range, Division and Commissionerate details
Range: Enter the code Name and Address of the range under which your company is reg-
istered.
Code: Enter Range Code as 090205
Name: Enter Range Name as Whitefield
Address: Enter the Range Address
Division: Enter the code Name and Address of the division under which your company is
registered.
Code: Enter Division Code as 0902
Name: Enter Division Name as Division II
Address: Enter the Division Address
Commissionerate: Enter the code Name and Address of the Commissionerate under
which your company is registered.
Code: Enter Commissionerate Code as 09
Name: Enter Commissionerate Name as Bangalore II
Address: Enter the Commissionerate Address
12
17. Enabling Dealer Excise in Tally.ERP 9
Figure 1.4 Completed Excise Registration Details
5. Press Enter to accept and save Excise registration Details
1.1.3 Enable VAT
To enable VAT Feature, for a company
6. Set the option Enable Value Added Tax (VAT) to Yes
7. Enable the option Set/Alter VAT Details to Yes
8. 8. Specify the Company VAT Details as shown below
Figure 1.5 VAT Details
13
18. Enabling Dealer Excise in Tally.ERP 9
9. Specify the VAT TIN, Inter-state Sales Tax Number and Company’s PAN / Income – Tax No
details
Figure 1.6 Statutory & Taxation Screen
Press Enter to accept
14
19. Lesson 2: Creation of Masters
Once you have enabled Dealer Excise in Tally.ERP 9, the excise option will now be available
during the creation of Excise masters. Create the following masters in Tally.ERP 9:
Sales & Purchase Ledgers
Duties & Taxes Ledger
Party Ledgers
Stock Items
Voucher Types
2.1 Sales and Purchase Ledgers
To create the following Purchases and Sales Ledgers:
Go to Gateway of Tally > Accounts Info. > Ledgers > Create
Ledger Under Inventory values Used in VAT VAT/Tax Class
are affected Returns
Sales @ 4% Sales Yes Yes Sales @ 4%
Accounts
Purchases @ 4% Purchase Yes Yes Purchases @ 4%
Accounts
Sales @ 12.5% Sales Yes Yes Sales @ 12.5%
Accounts
Purchases @ 12.5% Purchase Yes Yes Purchase @ 12.5%
Accounts
Purchase - Imports Purchase Yes Yes Imports
Accounts
15
20. Creation of Masters
1. Create Sales Ledger
Go to Gateway of Tally > Accounts Info. > Ledgers > Create
1. Enter the name of the sales ledger in the Name field e.g. Sales @ 4%
2. Select Sales Accounts in the Under field
3. Set Inventory values are affected to Yes
4. Set Used in VAT Returns to Yes and press Enter to view VAT/Tax Class Screen
5. In VAT/Tax Class Screen select Sales @ 4% as VAT/Tax Class
The completed Sales @ 4% ledger is displayed as shown.
Figure 2.1 Sales @ 4% ledger creation
6. Press Enter to accept.
If VAT is not applicable, set Used in VAT Returns to No in F11: Statutory &
Taxation master.
16
21. Creation of Masters
2. Create Purchase Ledger
Go to Gateway of Tally > Accounts Info. > Ledgers > Create
1. Enter the name of the purchase ledger in the Name field e.g. Purchases @ 4%
2. Select Purchase Accounts in the Under field
3. Set Inventory values are affected to Yes
4. Set Used in VAT Returns to Yes and press Enter to view VAT/Tax Class Screen
5. In VAT/Tax Class Screen select Purchases @ 4% as VAT/Tax Class
The completed Purchases @ 4% ledger is displayed as shown.
Figure 2.2 Purchase @ 4% Ledger Creation Screen
6. Press Enter to accept.
Similarly, create Sales @ 12.5%, Purchase @ 12.5% and Purchase - Imports ledgers.
17
22. Creation of Masters
2.2 Duties & Taxes Ledger
Create the following VAT Tax Ledgers:
Ledger Under Type of VAT/Tax Inventory % of cal- Method of
Duty / Class values are culation Calculation
Tax affected
Input VAT Duties & VAT Input VAT No 4% On VAT Rate
@ 4% Taxes @ 4%
Output VAT Duties & VAT Output No 4% On VAT Rate
@ 4% Taxes VAT @ 4%
Input VAT Duties & VAT Input VAT No 12.5% On VAT Rate
@ 12.5% Taxes @ 12.5%
Output VAT Duties & VAT Output No 12.5% On VAT Rate
@ 12.5% Taxes VAT @
12.5%
1. Create Input VAT ledger
Go to Gateway of Tally > Accounts Info. > Ledger > Create
1. Enter the name of the input VAT ledger in the Name field e.g. Input VAT @ 4%
2. Select Duties & Taxes in the Under field
3. In Type of Duty/Tax field select VAT from the List of Type of Duty/Tax
4. In VAT/Tax Class field select Input VAT @ 4%
5. Set Inventory values are affected to No
6. Pecentage of Calculation and Method of Calcualtion fields are updated based on
the VAT/Tax Class selected
7. In Rounding Method field select as Not Applicable
8. Set the Rounding Limit to 0
18
23. Creation of Masters
The completed Input VAT @ 4% ledger is displayed as shown.
Figure 2.3 Input VAT @ 4% Ledger Creation Screen
9. Press Enter to accept.
2. Create Output VAT ledger
Go to Gateway of Tally > Accounts Info. > Ledger > Create
1. Enter the name of the input VAT ledger in the Name field e.g. Output VAT @ 4%
2. Select Duties & Taxes in the Under field
3. In Type of Duty/Tax field select VAT from the List of Type of Duty/Tax
4. In VAT/Tax Class field select Output VAT @ 4%
5. Set Inventory values are affected to No
6. Pecentage of Calculation and Method of Calcualtion fields are updated based on
the VAT/Tax Class selected
7. In Rounding Method field select as Not Applicable
8. Set the Rounding Limit to 0
19
24. Creation of Masters
The completed Output VAT @ 4% ledger is displayed as shown
Figure 2.4 Output VAT @ 4% Ledger creation
9. Press Enter to accept.
Similarly, create Input VAT @12.5% and Output VAT @ 12.5% ledgers.
i. In instances, where a particular VAT Class is not applicable, select Not
Applicable to avail the flexibility to select the classifications while creat-
ing the Invoice.
ii. The applicable VAT rate and the basis of calculation for the selected VAT
class will be displayed automatically and the cursor skips the Percent-
age of Calculation and Method of Calculation field.
iii. If you select Not Applicable in the Default VAT/Tax class field, the cur-
sor moves to the Percentage of Calculation field and the Method of
Calculation is manually selected.
iv. If you select CST in Type of Duty/Tax, you will be prompted to specify
the rate in Percentage of Calculation and the applicable Method of
Calculation.
20
25. Creation of Masters
2.3 Party Ledgers
Sundry Creditors Ledgers
Ledger Under Maintain Excise Nature of Purchase
balances Details
bill- by-bill
Sterling Steel Industries Sundry Creditors Yes Yes Manufacturer
Globus Steel Traders Sundry Creditors Yes Yes Agent of Manufacturer
MM Iron & Steel Sundry Creditors Yes Yes First Stage Dealer
SBT Steel Traders Sundry Creditors Yes Yes Second Stage Dealer
Excellor Impex (P) Ltd., Sundry Creditors Yes Yes Importer
Sundry Debtors Ledgers
Ledger Under Maintain Excise Nature of Purchase
balances Details
bill- by-bill
Decora Equipments Sundry Debtors Yes Yes First Stage Dealer
EMPEE Engineering Sundry Debtors Yes Yes Second Stage Dealer
Innova Steel Traders Sundry Debtor Yes Yes -
1. Sundry Creditors Ledger
Go to Gateway of Tally > Accounts Info. > Ledgers > Create
1. Enter the name of the sudry creditor ledger in the Name field e.g. Sterling Steel
Industries
2. Select Sundry Creditors in the Under field
3. Set Maintain balances bill-by-bill to Yes
4. Mention the Default Credit Period, if any
5. Set Inventory values are affected to No
6. Enter the Mailing Details and Tax information
7. Enable Set/Alter Excise Details to Yes to display Excise Details screen
21
26. Creation of Masters
Figure 2.5 Sundry Creditor Ledger Creation Screen
8. In the Excise Details screen
Enter the Excise Registration (ECC) No. of the customer e.g. AFSDS0058FXD002
Enter the Date of Excise Registration in Date of Registration field e.g. 20-June-2002
Enter the Range under which the supplier's company is registered. E.g. Yeshwanth-
pur I
Enter the Division under which the supplier's company is registered. E.g. Yeshwanth-
pur
Enter the Commissionerate under which the premise of the Supplier's company is
registered. E.g. Bangalore II
In Default Nature of Purchase field select the option Manufacturer from the nature
of purchase list (the default type of purchases depends upon the status of the supplier,
whether he is a Manufacturer / First Stage Dealer / Importer / Second Stage Dealer/
Agent of Manufacturer/Purchase from Importer).
22
27. Creation of Masters
The Excise Details screen appears as shown
Figure 2.6 Excise Details Screen
During the normal course of business, the supplier of the goods may not be
always the manufacturer of the said goods, he can be a dealer as well. In
such cases, Tally.ERP 9 allows you to modify the nature of purchase during
voucher entry as required.
23
28. Creation of Masters
The Sterling Steel Industries (First Stage Dealer) Ledger creation screen is displayed as shown.
Figure 2.7 First Stage Dealer Ledger Creation Screen
9. Press Enter to accept.
The Excise Details sub-screen appears for ledgers created under Sundry
Creditors and Sundry Debtors only.
Similarly, create other Sundry Creditors and Sundry Debtors ledgers.
24
29. Creation of Masters
2.4 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 and next 2 digit represents
sub-heading and the last 2 digit represents sub-sub heading.
Tariff Classifcaication HSN Code Used For
Hot Rolled Coils 72271000 Excise
Cold Rolled Coils 72271008 Excise
Engine Valves 72172015 Excise
Iron Bar 72571615 Excise
Copper Alloy Strip 72271004 Excise
To create a Tariff Classification
Go to Gateway of Tally > Inventory Info. > Tariff Classifications > Create
1. In the Name field enter the name of the Tariff Classification e.g. Hot Rolled Coils
2. In HSN Code field enter the Tariff Classification Code e.g. 72271000
The Harmonized Commodity Description and Coding System (HS) of
tariff nomenclature popularly known as Harmonised System of Nomencla-
ture (HSN), is an internationally standardized system of names and numbers
for classifying traded products developed and maintained by the World
Customs Organization
3. In Used For field select Excise from the list of Tax Type.
The Tariff Classification created with the option Both will be displayed for
selection, during the creation of Stock Items on which Excise or VAT is
applicable.
Selection of the option VAT will restrict the display of Tariff classification
only for the Stock items on which the VAT is applicable.
The option VAT or Both will prompt the user to provide details of Sched-
ule Number and Schedule Serial Number.
4. In Notes field enter the details regarding the HSN Code selected.
25
30. Creation of Masters
The completed Tariff Classification creation screen appears as shown
Figure 2.8 Tariff Classification Creation
5. Press Enter to accept.
Similarly Create the remaining Tariff Classifications.
2.5 Stock Items
Stock Item Units Excise Tariff Clas- Basic Special CVD VAT %
Description Details sification Excise Excise (On
Duty Duty Imports)
Hot Rolled MT Yes Hot Rolled 16% NA NA 4%
Coils 100mm Coils
Cold Rolled MT Yes Cold Rolled 16% NA NA 4%
Coils 64 mm Coils
Engine Nos Yes Engine 16% NA NA 12.5%
Valves - 5” Valves
Iron Bars Kgs Yes Iron Bar 8% 4% NA 4%
Copper Alloy Kgs Yes Copper NA NA 8% 12.5%
Strips Alloy Strip
26
31. Creation of Masters
1. Stock Item (Basic Excise Duty)
To Create the Stock Items
Go to Gateway of Tally > Inventory Info. > Stock Items > Create
1. Enter the Name of the stock item as Hot Rolled Coils – 100mm
2. Specify the Group as Primary.
3. Define the Units as MT (Metric Tonnes)
4. In the Tariff Classification field select Hot Rolled Coils from the List of Tariff Clas-
sifications
Figure 2.9 Tariff Classification Selection
5. Enable Set/Alter Excise Details to Yes and press Enter to view Excise Details
screen
6. In the Excise Details screen
Excise Unit Name: By default Tally.ERP 9 displays Steelage Industries (P) Ltd. as
Excise Unit Name.
In Tally.ERP 9 excise units (Dealer/manufacturer) created are identified as
godowns. When the option Maintain Multiple Godowns/Excise Units is not
enabled in F11: Features > Inventory Features (F2) by default Tally.ERP 9
identifies the excise unit name with the Default Godown named - Main
Location
To create more than one Excise Unit user needs to enable Maintain
Multiple Godowns/Excise Units in F11: Features > Inventory Features
(F2).
27
32. Creation of Masters
Reporting UOM: By default the unit of Measurement selected under Units will be con-
sidered as UOM for all the reports.
Set/Alter Duty Details: Set this field to Yes to view the Duty Details screen.
Figure 2.10 Set/Alter Duty Details
7. In Duty Details screen
Select the Basic Excise Duty in the Type of Duty filed from the List of Excise Duty
classifications
Specify the Rate of Duty as 16%
Method of Calculation – Assessable Value will be defaulted automatically based on
the Type of Duty selected.
Select the Education Cess as the second duty in the Type of Duty filed from the List
of Excise Duty classifications
Specify the Rate of Duty as 2%
Method of Calculation – On Duty Value will be defaulted automatically based on the
Type of Duty selected.
Select the Secondary Education Cess as the third duty in the Type of Duty filed from
the List of Excise Duty classifications.
Specify the Rate of Duty as 1%
Method of Calculation – On Duty Value will be defaulted automatically based on the
Type of Duty selected
28
33. Creation of Masters
Secondary Education Cess is applicable from 11-5-2007
Figure 2.11 Excise Duty Details Screen
In cases, where Excisable commodity attracts Additional duties of Excise and
Special duties of Excise and so on, the same can activated as required from
the list of Types of Duties pop-up screen.
8. Accept the Excise Duty Details screen
9. In the Rate of VAT (%) field enter the VAT rate as 4%
29
34. Creation of Masters
The completed Stock item creation screen appears as shown
Figure 2.12 Stock Item Creation with Applicable duties of Excise
10. Press Enter to accept.
Similarly create Cold Rolled Coils 64 mm and Engine Valves - 5” stock items.
2. Stock Item (Basic Excsie Duty and Special Excise Duty)
Go to Gateway of Tally > Inventory Info.> Stock Items > Create
1. Enter the Name of the stock item as Iron Bars
2. Specify the Group as Primary
3. Define the Units as Kgs
4. In the Tariff Classification field select Iron Bar from the List of Tariff Classifica-
tions
5. Enable Set/Alter Excise Details to Yes and press Enter to view Excise Details
screen
6. In the Excise Details screen
Excise Unit Name: By default Tally.ERP 9 displays Steelage Industries (P) Ltd. as
Excise Unit Name.
Reporting UOM: By default the unit of Measurement selected under Units will be con-
sidered as UOM for all the reports.
Set/Alter Duty Details: Set this field to Yes to view the Duty Details screen
7. In Duty Details screen
Select the Basic Excise Duty in the Type of Duty filed from the List of Excise Duty
classifications
30
35. Creation of Masters
Specify the Rate of Duty as 8%
Method of Calculation – Assessable Value will be defaulted automatically based on
the Type of Duty selected.
Select the Special Excise Duty in the Type of Duty filed from the List of Excise Duty
classifications
Specify the Rate of Duty as 4%
Method of Calculation – Assessable Value will be defaulted automatically based on
the Type of Duty selected
Select the Education Cess as the second duty in the Type of Duty filed from the List
of Excise Duty classifications
Specify the Rate of Duty as 2%
Method of Calculation – On Duty Value will be defaulted automatically based on the
Type of Duty selected.
Select the Secondary Education Cess as the third duty in the Type of Duty filed from
the List of Excise Duty classifications.
Specify the Rate of Duty as 1%
Method of Calculation – On Duty Value will be defaulted automatically based on the
Type of Duty selected
Figure 2.13 Excise Duty Details Screen
8. Accept the Excise Duty Details screen
9. In the Rate of VAT (%) field enter the VAT rate as 12.5%
31
36. Creation of Masters
The completed Stock item creation screen appears as shown
Figure 2.14 Completed Stock Item Creation Screen
10. Press Enter to accept.
3. Stock Item (CVD)
Go to Gateway of Tally > Inventory Info.> Stock Items > Create
1. Enter the Name of the stock item as Copper Alloy Strips
2. Specify the Group as Primary
3. Define the Units as Kgs
4. In the Tariff Classification field select Copper Alloy Strip from the List of Tariff
Classifications
5. Enable Set/Alter Excise Details to Yes and press Enter to view Excise Details
screen
6. In the Excise Details screen
Excise Unit Name: By default Tally.ERP 9 displays Steelage Industries (P) Ltd. as
Excise Unit Name.
Reporting UOM: By default the unit of Measurement selected under Units will be con-
sidered as UOM for all the reports.
Set/Alter Duty Details: Set this field to Yes to view the Duty Details screen
7. In Duty Details screen
32
37. Creation of Masters
Select the Countervailing Duty (CVD) in the Type of Duty filed from the List of Excise
Duty classifications
Specify the Rate of Duty as 8%
Method of Calculation – Assessable Value will be defaulted automatically based on
the Type of Duty selected.
Select the Education Cess on CVD as the second duty in the Type of Duty filed from
the List of Excise Duty classifications
Specify the Rate of Duty as 2%
Method of Calculation – On Duty Value will be defaulted automatically based on the
Type of Duty selected.
Select the Secondary Education Cess on CVD as the third duty in the Type of Duty
filed from the List of Excise Duty classifications.
Specify the Rate of Duty as 1%
Method of Calculation – On Duty Value will be defaulted automatically based on the
Type of Duty selected
Figure 2.15 Excise Duty Details Screen
8. Accept the Excise Duty Details screen
9. In the Rate of VAT (%) field enter the VAT rate as 12.5%
33
38. Creation of Masters
The completed Stock Item creation screen appears as shown
Figure 2.16 Completed Stock Item Creation Screen
10. Press Enter to accept.
2.6 Creating Excise Voucher Type
Create the following Excise Voucher Types with the required specifications to record Excise trans-
actions.
Voucher Type Type of Use for Default Excise Default Print Class
Name Voucher Excise Unit Title
Excise-Purchases Purchase Yes Steelage Indus- - -
tries (P) Ltd.
Excise - Sales Sales Yes Steelage Indus- Excise Invoice No
tries (P) Ltd.
Commercial Sales Yes Steelage Indus- Tax Invoice Commercial
Invoice tries (P) Ltd. Invoice
Ex-Purchase Debit Yes Steelage Indus- No No
Return Note tries (P) Ltd.
Ex-Sales Return Credit Yes Steelage Indus- No No
Note tries (P) Ltd.
34
39. Creation of Masters
1. Create Excise Purchases Voucher Type
Go to Gateway of Tally > Accounts Info. > Voucher Types > Create
In the Voucher Type Creation screen,
1. Enter Excise - Purchases as name of the Voucher Type.
2. Select the Type of Voucher as Purchase from the list of voucher types
3. Type the Abbr. as Ex-Purc
4. Select the Method of Voucher Numbering as Automatic
5. Set Use Advance Configuration to No
6. By default Use Common Narration is set to Yes
7. Set Use for Excise to Yes
8. In Default Excise Unit field select Steelage Industries (P) Ltd. from the List of
Excise Units
The completed Excise - Purchases Voucher Type screen is displayed as shown.
Figure 2.17 Excise – Purchase Voucher Type Creation screen
9. Press Enter to accept.
2. Create Excise Sales Voucher Type Creation
In the Voucher Type Creation screen,
1. Type the name of the Voucher Type as Excise - Sales
2. Select the Type of Voucher as Sales from the list of voucher types
3. Type the Abbr. as Ex-Sale
35
40. Creation of Masters
4. Select the Method of Voucher Numbering as Automatic
5. Set Use Advance Configuration to No
6. By default Use Common Narration is set to Yes
7. Set Use for Excise to Yes
8. In Default Excise Unit field select Steelage Industries (P) Ltd. from the List of
Excise Units
9. Set Print after saving Voucher to Yes
10. Type the Default Print Title as EXCISE INVOICE
11. Set Is Tax Invoice to No
12. Specify the Declaration, if any
The completed Excise - Sales Voucher Type screen is displayed as shown.
Figure 2.18 Excise Sales Voucher Type Creation screen
Press Enter to accept
36
41. Creation of Masters
3. Create Commercial Invoice Voucher Type
In the Voucher Type Creation screen,
1. Type the name of the Voucher Type as Commercial Invoice
2. Select the Type of Voucher as Sales from the list of voucher types
3. Type the Abbr. as Com-Inv.
4. Select the Method of Voucher Numbering as Automatic
5. Set Use Advance Configuration to No
6. By default Use Common Narration is set to Yes
7. Set Use for Excise to Yes
8. In Default Excise Unit field select Steelage Industries (P) Ltd. from the List of
Excise Units
9. Set Print after saving Voucher to Yes
10. Type the Default Print Title as TAX INVOICE
11. Set Is Tax Invoice to Yes
12. Type the Declaration, if any
13. In the Name of Class field, type Commercial Invoice as the Voucher Class
Figure 2.19 Commercial Invoice with Voucher Class
14. Press Enter to view Voucher Type Class screen
15. In the Voucher Type Class screen,
set Use for Commercial Invoice to Yes.
Select End of List in the Exclude these Groups and Include these Groups fields
37
42. Creation of Masters
In Default Accounting Allocations for each Item in Invoice section,
Select Sales @ 4% from the List of Ledger Accounts under Ledger Name field
Select Sales @ 4% from the VAT/Tax Class in the VAT/Tax Class field
Specify 100% in the Percentage field
Set Override Item Defaults to No
In Additional Accounting Entries to be added in Invoice section,
Select Output VAT @ 4% from the List of Ledger Accounts in the Ledger Name field
Select On VAT Rate from the list of Calculation Methods in the Type of Calculation
field
Specify 4% in the Value Basis field
Select the Appropriate Rounding method
The completed Voucher Type Class screen is displayed as shown.
Figure 2.20 Completed Voucher Type Class Screen
16. Press Enter to accept and go back to the Voucher Type Creation screen
38
43. Creation of Masters
The completed Commercial Invoice Voucher Type is displayed as shown.
Figure 2.21 Completed Commercial Invoice Voucher Type
17. Press Enter to accept.
Similarly, create Ex–Sales Return and Ex–Purchase Return Voucher Types.
39
44. Lesson 3: Transactions
As discussed earlier, the manufacturer under the cover of any invoice issued in terms of the provi-
sions of Central Excise Rules, 2002 is entitled to pass the credit to the First Stage dealer. Now, let
us consider the following illustrations to understand, how CENVAT credit is passed to the subse-
quent dealers.
3.1 Purchase of Excisable Goods
Now, let us consider the following scenarios to illustrate Excise Purchase transactions in
Tally.ERP 9:
Purchase from a Manufacturer
Purchase from a Agent of a Manufacturer
Purchase from an Importer
Purchase from a First Stage Dealer
Purchase from a Second Stage Dealer
3.1.1 Purchases from a Manufacturer
Example 1:
On 4th April 2008, Steelage Industries purchased the following goods from M/s. Sterling Steel
Industries (Manufacturer) vide B.No. 457.
Item Qty Rate Assess- Excise Educat Secondar Total VAT @ Invoice
Descrip- (MT) able Duty ion y Amount 4% Amount
tion Value @ 16% Cess Educatio
@ 2% n Cess @
1%
Hot 400 500 2,00,000 32,000 640 320 2,32,960 9,318.40 2,42,278.40
Rolled
Coils –
100mm
Cold 600 450 2,70,000 43,200 864 432 3,14,496 12,579.84 3,27,075.84
Rolled
Coils -
64mm
40
45. Transactions
The same is accounted as shown:
Before passing the purchase entry ensure that you have created the necessary Input VAT ledgers
under Duties & Taxes group with relevant VAT classification.
Step 1: Setup
In F12: Configure (Purchase Invoice Configure)
Use Common Ledger A/c for Item Allocation to Yes
Figure 3.1 Purchase Invoice Configuration
Step 2: Create Purchase Invoice
Go to Gateway of Tally > Accounting Vouchers > Press F9:Purchase
1. In Voucher Type subscreen select Excise–Purchases from the List of Types
2. Press F2 and change date to 04-04-2008
3. Enter 457 in the Supplier Invoice No. and 04-04-2008 in the Date field
4. Excise Unit field defaults Steelage Industries (P) Ltd. as selected during voucher
Type creation.
5. Select Sterling Steel Industries in Party’s A/c Name field
6. The Supplier’s details screen is displayed
Specify the Supplier Details as shown (If the supplier of the goods is not the manufac-
turer, specify the details of the manufacturer of the goods in the Manufacturer /
Importer details section)
41
46. Transactions
Figure 3.2 Supplier's Details Sub-screen
Press Enter to accept the screen
7. In Nature of Purchase field nature of purchase Manufacturer appears by default
based on the predefinition in the ledger master. However, you can modify the same
depending upon the nature of purchase
Figure 3.3 Excise Purchase Voucher - Nature of Purchase selection
42
47. Transactions
8. Select Purchases @ 4% in the Purchase Ledger field, the VAT/Tax Class appears
by default as Purchases @ 4% based on the predefinition in ledger master.
9. Select Hot Rolled Coils – 100mm in the Name of Item field
10. Type the Quantity as 400
11. Specify the Amount as 2,32,960 and press Enter
12. The Excise Details screen is dispalyed as shown
Figure 3.4 Excise Details
The Basic Excise Duty and Cess amount is automatically calculated on the
Assessable Value (computed based on the Quantity and Rate entered in
the Voucher Creation screen). However, where separate Excise Duty & Cess
ledgers are not created to record duty amounts, the additional cost in respect
of Excise duty & cess amount is directly included in the purchase cost by
apportioning it by Quantity or by Value (by altering the Purchase Value in the
Rate Column). In such cases, the Assessable Value is required to be
specified as Purchase Cost before Excise Duty and Cess Amount.
Accept the Supplier Invoice No. as 457 and Supplier Invoice Date as 04-04-08 (The
Supplier Invoice No. & Supplier Invoice Date is defaulted from voucher screen)
43
48. Transactions
Specify 1 in the RG 23 Entry No. field (The PLA RG 23 Sl. No. represents the display
of this particular transaction in the relevant page of RG 23 D Register)
Type the Assessable Value as Rs. 2,00,000 (Assessable Value [Basic Value of
Goods] = Qty x Rate i.e, 400MT X Rs. 500) and press Enter
The completed Excise Details subscreen is displayed as shown.
Figure 3.5 Completed Excise Details sub-screen
The Excise Duty, Education Cess and Additional Education Cess amounts are automatically
calculated on the basis of configurations in the stock item master.
However, in some cases though the excise duty is chargeable at a specified rate, the net burden
on the buyer may be less than the prescribed percentage, in such cases Tally.ERP 9 provides the
flexibility to modify the amount of tax manually.
13. Press Enter to accept the Excise Details screen
14. Similarly, select Cold Rolled Coils - 64mm from the List of Excise Stock Items
15. Specify the Quantity as 600
16. Enter the amount as 3,14,496
17. In the Excise Details subscreen,
Press Enter to accept the Supplier Invoice No. as 457 and Supplier Invoice Date as
04-04-08
Specify 1 in the RG 23 Entry No. field
Type the Assessable Value as 2,70,000 and press Enter
The Excise Duty & Educ. Cess Amount is automatically calculated and prefilled
44
49. Transactions
Figure 3.6 Completed Excise Details Screen
18. Select Input VAT @ 4% ledger, VAT amount of Rs. 21898.24 is defaulted automati-
cally.
19. Set Show Statutory Details to Yes to view Statutory Details of the transaction
The Statutory Details screen is displayed as shown
Figure 3.7 Statutory Details Screen
45
50. Transactions
20. In the Bill-wise Details screen,
Select New Ref in the Type of Ref
Enter 457 in the Name field
Skip the Due Date, or Credit Days field
Accept the default Amount allocation and Dr/Cr.
The Bill-wise Details screen is displayed as shown
Figure 3.8 Bill-wise Details screen
Accept the bill-wise details.
21. Enter the transaction details in the Narration field.
46
51. Transactions
The completed Excise Purchase Invoice is displayed as shown
Figure 3.9 Completed Excise Purchase Invoice
22. Press Enter to accept.
The Excise duty on purchases may be accounted in two ways i.e., Exclu-
sive or Inclusive method. Under Exclusive method, Excise Duty, Educa-
tion Cess, Higher Education Cess & other duties of excise ledgers are
created and itemised separately in the Purchase Invoice and as a result
the excise amount paid is available separately in the respective ledgers.
This method is generally recommended for manufacturers intending to
maintain CENVAT balance separately and claiming CENVAT Credit.
Whereas, in case of Inclusive method, the Gross Amount before sales
tax is back calculated as the Assessable Value is determined accord-
ingly.
In this Chapter, Inclusive method is adopted and the value of Excise Duty
and other cess amount debited to Purchase Accounts i.e., apportioned
to the Purchase Cost.
The applicable Duties of Excise and Cesses are calculated in the Excise
Details for subscreen based on the Stock Item predefinition for the pur-
pose of declaration in the Excise Invoice.
47
52. Transactions
3.1.2 Purchases from Agent of a Manufacturer
Example 2:
On 5th April 2008, Steelage Industries purchased the following goods from M/s. Globus Steel
Traders (Agent of Manufacturer) vide B.No. 764.
Item Qty Rate Assess- Excise Educatio Secondary Total VAT Invoice
Descrip- (Nos) able Duty n Cess @ Education Amount @ Amount
tion Value @ 16% 2% Cess @ 1% 12.5%
Engine 500 600 3,00,000 48,000 960 480 3,49,440 43,680 3,93,120
Valves 5”
The same is accounted as shown:
Before passing the purchase entry, ensure necessary Input VAT ledgers are created under Duties
& Taxes group with relevant VAT classification.
Go to Gateway of Tally > Accounting Vouchers > Press F9:Purchase
1. In Voucher Type subscreen select Excise–Purchases from the List of Types
2. Press F2 and change date to 05-04-2008
3. Enter 764 in the Supplier Invoice No. and 05-04-2008 in the Date field
4. Excise Unit field defaults Steelage Industries (P) Ltd. as selected during voucher
Type creation
5. Select Globus Steel Traders in Party’s A/c Name field
6. The Supplier’s details screen is displayed
The Supplier Details are defaulted automatically
Under Manufacturer / Importer Details section
In the Name field select the Manufacturer / Importer from the List of Ledger
Accounts
In the Supplier’s Details by using Alt+M key or by clicking on the M: Manual
button in the buttons bar, Manufacturer /Importer details can be entered
manually or you can select the Manufacturer ledger from the List of
Ledger Accounts if the Manufacturere ledger is created and available.
48
53. Transactions
The completed Supplier’s Details screen is displayed as shown
Figure 3.10 Supplier’s Details
Accept the Supplier’s Details screen
7. In the Nature of Purchase filed Agent of Manufacturer is defaulted automatically as
defined in the ledger master.
8. Select Purchases @ 12.5% in the Purchase Ledger field, the VAT/Tax Class – Pur-
chases @ 12.5% is defaulted automatically
9. Select Engine Valves 5” in the Name of Item field
10. Type the Quantity as 500
11. Specify the Amount as 3,49,440 and press Enter
12. The Stock Item Excise details screen displays
Under Supplier Invoice Details section
The Supplier Invoice No. as 764 and Supplier Invoice date as 05-04-2008 is
defaulted from the voucher screen
Specify the RG 23D Entry No. This Number represents the display of this particular
transaction in the relevant page of RG 23 D Register
Enter Rs.3,00,000 in the Assessable Value field (It is the amount on which the Excise
Duty is calculated by the manufacturer)
49
54. Transactions
Under Manufacturer / Importer Invoice Details section
In Invoice Number field, by default the invoice number entered in the Supplier’s
Details screen for Manufacturer/ Importer will be displayed
The invoice date entered in the Supplier’s Details screen for Manufacturer/
Importer will be displayed in Invoice Date field.
Enter the RG 23 D Entry Number of the Manufacturer/ Importer in RG 23 D Entry No.
field
In the Billed Quantity field enter the actual Billed Quantity billed to the Agent of the
manufacturer
In Assessable Value enter the actual Assessable Value of the stock item
Duty Details displays the Duty Amount of both the Agent of Manufacturer and Manufacturer/
Importer.
Figure 3.11 Excise Details
13. Accept the Excise Details screen
14. Select Input VAT @ 12.5% ledger, the VAT Amount of Rs. 43,680 is automatically
calculated and prefilled
15. Set Show Stationery Details to Yes to view the Statutory Details of the transaction
16. In the Bill-wise Details screen,
Specify the Type of Ref as New Ref
Enter 764 in the Name field
Accept the default Amount allocation and Dr/Cr details.
50
55. Transactions
17. Enter the transaction details in the Narration field.
The completed Excise Purchase Invoice is displayed as shown.
Figure 3.12 Excise Purchase Invoice
18. Press Enter to accept
51
56. Transactions
3.1.3 Purchase from an Importer
Example 3:
On 7th April 2008, Steelage Industries purchased the following goods from M/s. Excellor Impex
(P) Ltd., vide B.No. 167
Item Description Qty Rate Assessa- CVD (On Education Secondary Invoice
(Kgs) ble Value Imports) @ 4% Cess @ 2% Education Amount
Cess @ 1%
Copper Alloy Strips 1000 400 4,00,000 16,000 320 160 4,16,480
The same is accounted as shown:
Go to Gateway of Tally > Accounting Vouchers > Press F9:Purchase
1. In Voucher Type subscreen select Excise–Purchases from the List of Types
2. Press F2 and change date to 07-04-2008
3. Enter 167 in the Supplier Invoice No. and 07-04-2008 in the Date field
4. Excise Unit field defaults Steelage Industries (P) Ltd. as selected during voucher
Type creation
5. Select Excellor Impex (P) Ltd., in Party’s A/c Name field
6. The Supplier’s details screen is displayed
By default, details pertaining to the supplier are displayed (if the supplier is not an
importer of said goods, enter the Importer information in the Manufacturer / Importer
Details section.
Figure 3.13 Supplier’s Details
52
57. Transactions
Accept the Supplier’s Details screen
7. The Nature of Purchase Importer as selected during the ledger master creation is
defaulted in the Nature of Purchase field
8. Select Purchases - Imports in the Purchase Ledger field, the VAT/Tax Class
appears by default as Imports
9. In Name of Item field select Copper Alloy Strips
10. Enter the Quantity as 1000
11. Specify the Amount as 4,16,480 and press enter to view the Excise Details screen
12. The Excise Details for screen appears
The Supplier Invoice No. as 167 and Supplier Invoice date as 07-04-2008 is
defaulted from the voucher screen
Specify 3 in the RG 23 Entry No. field
Type the Assessable Value as Rs. 4,00,000 (i.e, 1000MT X Rs. 400)
Figure 3.14 Excise details for Importer
Press Enter, the Countervailing Duty (CVD), Education Cess on CVD and Addi-
tional Education Cess on CVD amounts are automatically calculated and displayed.
Accept the Excise Details screen
53
58. Transactions
13. Set Show Statutory Details to Yes to view the transaction statutory details.
14. In the Bill-wise Details screen, accept the default details
15. Enter the transaction details in the Narration field
The completed Purchase from an Importer is displayed as shown.
Figure 3.15 Completed Excise Purchase Voucher
16. Press Enter to accept.
54
59. Transactions
3.1.4 Purchase from First Stage Dealer
Example 4:
On 8th April 2008, Steelage Industries purchased the following goods from M/s. MM Iron & Steel,
vide B.No. 1707.
Item Qty Rate Asses BED SED Educ Higher Total VAT VAT Invoice
Descrip- sable @ @ Cess Educ. Rate Amount Amount
tion Value 16% 4% @ Cess
or 8% 2% @ 1%
Engine 200 600 120000 19200 0 384 192 139776 12.5% 17472 157248
Valves 5”
Iron Bars 300 500 150000 12000 6000 360 180 168540 4% 6741.6 175281.6
The same is accounted as shown
Setup:
In F12: Configure (Purchase Invoice Configuration)
Ensure Use Common Ledger A/c for Item Allocation is set to No
Go to Gateway of Tally > Accounting Vouchers > Press F9:Purchase
1. In Voucher Type subscreen select Excise–Purchases from the List of Types
2. Press F2 and change date to 08-04-2008
3. Enter 1707 in the Supplier Invoice No. and 08-04-2008 in the Date field
4. Excise Unit field defaults Steelage Industries (P) Ltd. as selected during Voucher
Type creation
5. Select MM Iron & Steel in Party’s A/c Name field
6. The Supplier’s details screen is displayed
By default, Supplier details are defaulted automatically
Under Manufacturer / Importer Details section select Sterling Steel industries from
the List of Ledger Accounts. The Manufacturer / Importer details are prefilled auto-
matically from the ledger master
55
60. Transactions
Figure 3.16 Supplier’s Details
Accept the Supplier’s Details screen.
7. In the Nature of Purchase field First Stage Dealer is defaulted automatically as
defined in teh ledger master.
8. Select Engine Valves 5” in the Name of Item field
9. Type the Quantity as 200
10. Specify the Amount as 1,39,776 and press Enter to view Excise Details screen
11. In the Excise Details screen
Under Supplier Invoice Details section
The Supplier Invoice No. as 1707 and Supplier Invoice date as 08-04-2008 is
defaulted from the voucher screen
Specify 4 in the RG 23D Entry No. field. This Number represents the display of this
particular transaction in the relevant page of RG 23 D Register
Enter Rs.1,20,000 in the Assessable Value field (It is the amount on which the Excise
Duty is calculated by the manufacturer)
Under Manufacturer / Importer Invoice Details section
In Invoice Number field, by default the invoice number entered in the Supplier’s
Details screen for Manufacturer/ Importer will be displayed
The invoice date entered in the Supplier’s Details screen for Manufacturer/
Importer will be displayed in Invoice Date field.
Enter the RG 23 D Entry Number of the Manufacturer/ Importer in RG 23 D Entry No.
field
In the Billed Quantity field enter the actual Billed Quantity billed to the First Stage
Dealer.
In Assessable Value enter the actual Assessable Value of the stock item
56
61. Transactions
Duty Details displays the Duty Amount of both the First Stage Dealer and Manufacturer/
Importer.
Figure 3.17 Excise Details for screen
The Excise Duty, Education Cess and Secondary Education Cess amounts are automatically
calculated and prefilled
Accept the Excise Details screen
In Accounting Details screen, select Purchase @ 12.5% in the Particulars field and
the VAT/Tax Class is defaulted as Purchase @ 12.5%
57
62. Transactions
Figure 3.18 Accounting Details Screen
12. Similarly, select Iron Bars as the second Stock Item
13. Specify the Quantity as 300 & the Amount as 1,68,540 and press enter to view
Excise Details screen
14. In the Excise Details subscreen
Under Supplier Invoice Details section
The Supplier Invoice No. as 1707 and Supplier Invoice date as 08-04-2008 is
defaulted from the voucher screen
Specify 4 in the RG 23 Entry No. field. This Number represents the display of this par-
ticular transaction in the relevant page of RG 23 D Register
Enter Rs. 1,50,000 in the Assessable Value field (It is the amount on which the Excise
Duty is calculated by the manufacturer)
Under Manufacturer / Importer Invoice Details section
In Invoice Number field, by default the invoice number entered in the Supplier’s
Details screen for Manufacturer/ Importer will be displayed
The invoice date entered in the Supplier’s Details screen for Manufacturer/
Importer will be displayed in Invoice Date field.
Enter the RG 23 D Entry Number of the Manufacturer/ Importer in RG 23 D Entry No.
field
58
63. Transactions
In the Billed Quantity field enter the actual Billed Quantity billed to the First Stage
Dealer.
In Assessable Value enter the actual Assessable Value of the stock item
Duty Details displays the Duty Amount of both the First Stage Dealer and Manufacturer/
Importer.
Figure 3.19 Excise Details for Iron Bars
The Excise Duty, Education Cess and Additional Education Cess amounts are
automatically calculated and prefilled
Accept the Excise Details screen
15. In the Accounting Details screen, select Purchase @ 4% in the Particulars field
and the VAT/Tax Class is automatically defaulted as Purchase @ 4%
16. Select Input VAT @ 12.5% ledger and press Enter, the VAT amount is calculated and
displayed automatically
17. Select Input VAT @ 4% ledger and press Enter, the VAT amount is calculated and
dispalyed automatically
18. To view the statutory details of the transactions set Show Statutory Details to Yes
19. In the Bill-wise Details screen accept the default bill allocation.
59
64. Transactions
20. Enter the transaction details in Narration field
The completed Excise Purchase Invoice is displayed as shown.
Figure 3.20 Completed Purchase Voucher - First Stage Dealer
21. Press Enter to accept.
60
65. Transactions
3.1.5 Purchase from Second Stage Dealer
Example 5:
On 9th April 2008, Steelage Industries purchased the following goods from M/s. SBT Steel
Traders vide B.No. 1265
Item Qty Rat Asses BED SED Edu Sec. Total VAT VAT Invoice
Descrip- e sable @ @ Cess Educ Amount Rat Amount Amount
tion Value 16% 4% @ 2% Cess e
or 8% @ 1%
Hot Rolled 100 650 65000 10400 - 208 104 75712 4% 3028.48 78740.48
Coils
100mm
Iron Bars 200 500 100000 8000 4000 240 120 112360 4% 4494.4 116854.4
The same is accounted as shown:
Setup:
In F12: Configure (Purchase Invoice Configuration)
Set Use Common Ledger A/c for Item Allocation to Yes
Go to Gateway of Tally > Accounting Vouchers > Press F9:Purchase
1. In Voucher Type subscreen select Excise–Purchases from the List of Types
2. Press F2 and change date to 09-04-2008
3. Type 1265 in the Supplier Invoice No. and 09-04-2008 in the Date field
4. Excise Unit field defaults Steelage Industries (P) Ltd. as selected during Voucher
Type creation
5. Select SBT Steel Traders in Party’s A/c Name field
6. The Supplier’s details screen is displayed
By default, Supplier details are defaulted automatically
Select the Sterling Steel Industries in the Manufacturer / Importer Details section
61
66. Transactions
Enter the Manufacturer/Importer Invoice No. and Invoice Date
Figure 3.21 Supplier’s Details
7. Accept the Supplier’s Details screen
8. In the Nature of Payment field Second Stage Dealer is defaulted as selected in the
party ledger
9. Select Purchases @ 4% in the Purchase Ledger field. Based on the ledger predefi-
nition the VAT/Tax Class appears by default as Purchases @ 4%
10. Select Hot Rolled Coils 100 mm in the Name of Item field.
11. Type the Quantity as 100
12. Specify the Amount as 75,712 and press Enter to view Excise Details screen
13. In the Excise Details screen
Under Supplier Invoice Details section
The Supplier Invoice No. as 1265 and Supplier Invoice date as 08-04-2008 is
defaulted from the voucher screen
Specify 5 in the RG 23 Entry No. field. This Number represents the display of this par-
ticular transaction in the relevant page of RG 23 D Register
Enter Rs. 65,000 (100MT X Rs. 650) in the Assessable Value field (It is the amount on
which the Excise Duty is calculated by the manufacturer)
Under Manufacturer / Importer Invoice Details section
In Invoice Number field, by default the invoice number entered in the Supplier’s
Details screen for Manufacturer/ Importer will be displayed
The invoice date entered in the Supplier’s Details screen for Manufacturer/
Importer will be displayed in Invoice Date field.
Enter the RG 23 D Entry Number of the Manufacturer/ Importer in RG 23 D Entry No.
field
In the Billed Quantity field enter the actual Billed Quantity billed to the First Stage
Dealer.
62
67. Transactions
In Assessable Value enter the actual Assessable Value of the stock item
Duty Details displays the Duty Amount of both the Second Stage Dealer and Manufacturer/
Importer.
Figure 3.22 Excise Details Subscreen
The Excise Duty, Education Cess and Additional Education Cess amounts are automatically
calculated and prefilled.
In case of purchases form Second Stage Dealer, the invoice details of Man-
ufacturer/Importer of First Stage Dealer will be captured under Excise
Details.
Accept the Excise Details screen
14. Similarly, select Iron Bars from the List of Excise Stock Items
15. Type 200 in Quantity and 112360 as Amount and press enter to view Excise Details
screen
16. In Excise Details screen
Under Supplier Invoice Details section
The Supplier Invoice No. as 1265 and Supplier Invoice date as 08-04-2008 is
defaulted from the voucher screen
63
68. Transactions
Specify 5 in the RG 23 Entry No. field. This Number represents the display of this par-
ticular transaction in the relevant page of RG 23 D Register
Enter Rs. 1,00,000 (200 Kgs X Rs. 500) in the Assessable Value field (It is the
amount on which the Excise Duty is calculated by the manufacturer)
Under Manufacturer / Importer Invoice Details section
In Invoice Number field, by default the invoice number entered in the Supplier’s
Details screen for Manufacturer/ Importer will be displayed
The invoice date entered in the Supplier’s Details screen for Manufacturer/
Importer will be displayed in Invoice Date field.
Enter the RG 23 D Entry Number of the Manufacturer/ Importer in RG 23 D Entry No.
field
In the Billed Quantity field enter the actual Billed Quantity billed to the First Stage
Dealer.
In Assessable Value enter the actual Assessable Value of the stock item
Figure 3.23 Excise Details
Duty Details displays the Duty Amount of both the Second Stage Dealer and Manufacturer/
Importer
Accept the Excise Details screen
17. Select Input VAT @ 4% ledger. VAt amount of Rs. 7522.88 will be calculated and dis-
played automatically.
18. To view the statutory details of the transaction set Show Statutory Details to Yes
64
69. Transactions
19. In the Bill-wise Details accept the default bill allocation
The completed Excise Purchase Invoice is displayed as shown.
Figure 3.24 Completed Excise Purchase Invoice
20. Press Enter to accept.
65
70. Transactions
3.2 Sale of Excisable Goods
A dealer of excisable goods (First Stage / Second Stage dealer) is required to issue a invoice as
per Rule 11 of the Central Excise Rules 2002, on sale of excisable goods to registered Excise
dealers/ manufacture, in order to pass the CENVAT Credit to the subsequent dealer/ manufac-
turer. However, where there is no provision to pass the CENVAT Credit to the subsequent dealer,
he may issue a Commercial Invoice to the buying dealer/ customer.
Tally.ERP 9 allows you to generate and print Invoice as per Rule 11 for all the sales effected to
CENVAT Customers in the prescribed format besides facilitating generation of Non-CENVATable
Invoice viz., Commercial Invoice where sale is made to dealers other than manufacturers and
thus duty is not passed. The Commercial Invoices are not required to be issued in the prescribed
proforma.
Requirements of Excise Invoice
The Registered Location of the dealer is required to issue invoice in the prescribed format con-
taining the following details:
Minimum Three copies of Invoice are required to be prepared and the copies of the invoice
should be marked at the top in the following manner:
Original copy being marked as Original for Buyer
Duplicate copy being marked as Duplicate for Transporter
Triplicate copy being marked as Triplicate for Assessee
The dealer is required to issue only one invoice in respect of the consignment wherein all
the packages are dispatched in one lot however, in cases where the consignment is dis-
patched separately either on the same day or different days or loaded on more than one
vehicle, a separate invoice shall be made out for each lot or consignment.
The copies of the invoices issued by a first stage dealer and a second stage dealer shall be
marked at the top as First Stage Dealer and Second Stage Dealer respectively.
Name, address and Central Excise Registration number of the registered location issuing
the invoice, name of the jurisdictional range / Division / Commissionerate and company's
Income Tax Number and Sales Tax Registration Number should pre-printed on the Invoice.
Only one invoice book of each type shall be used by the registered location.
Each CENVAT Invoice issued by the location should bear a printed serial number, begin-
ning from 1st April of the year.
The serial numbers of the invoices to be used are to be intimated to the respective jurisdic-
tional Assistant Commissioner of Central Excise and obtain a dated acknowledgement of
such intimation.
Records and Invoice generated through computer are also recognized. In that case, the
serial number likely to be used in the forthcoming quarter should be intimated to the Asst.
Commissioner. As soon as the said serial Nos. are exhausted, a revised intimation may be
sent. Such registered Location should also send details of the software used including the
format for information of the Asst. Commissioner in case he demands.
In case of Records and Invoice generated through computer, the serial number likely to be
used in the forthcoming quarter should be intimated to the jurisdictional Assistant Commis-
66
71. Transactions
sioner of Central Excise. The details of software used including a format used for informa-
tion, is also required to be sent to the Assistant Commissioner.
Now, let us consider the following scenarios to illustrate Excise Sales transactions in Tally.ERP 9:
Excise Invoice
Excise Invoice without Supplier Trader Information
Excise Invoice cum Commercial Invoice
Commercial Invoice
3.2.1 Excise Sales (Excise Invoice)
Example 6:
On 10th April 2008, Steelage Industries sold the following goods to M/s. Decora Equipments,
Bangalore
Item Description Qty Rate VAT
Hot Rolled Coils – 100mm 250 700 4%
Cold Rolled Coils - 64 mm 300 575 4%
The same is accounted as shown
Step 1: Create Sales Invoice
Go to Gateway of Tally > Accounting Vouchers > Press F8: Sales
1. In Voucher Type subscreen select Excise–Sales from the List of Types
2. Press F2 and change date to 10-04-2008
3. In Ref field, enter the reference number of the transaction
4. The Excise Unit field displays Steelage Industries (P) Ltd. as selected during
voucher type creation.
5. Select Decora Equipments in Party’s A/c Name field
6. In the Despatch Details screen
Specify the Despatch Details and Order Details
The Date & Time of the consignment is automatically recorded in the Excise details
column along with the Buyer’s Details.
67
72. Transactions
Figure 3.25 Despatch Details Screen
Accept the despatch details screen
7. Select Sales @ 4% in the Sales Ledger field and the VAT/Tax class appears by
default as Sales @ 4%
8. Select Hot Rolled Coils – 100mm in the Name of Item field and press Enter to view
supplier details screen
9. In the Supplier Details screen
Select the Invoice No. 457 from the List of Purchases
68
73. Transactions
Figure 3.26 Supplier Details Subscreen
The List of Purchases displays the list of purchases made for the selected
item from different Suppliers (Manufacturer / First Stage Dealer / Second
Stage Dealer). However, once the goods purchased from a Manufacturer is
selected for Invoicing, only goods purchased from Manufacturer will be
displayed and If goods purchased from a First Stage Dealer is selected, only
purchases from First Stage Dealer will be displayed for Invoicing.
Specify the Quantity as 250
69
74. Transactions
Figure 3.27 Supplier Details sub-screen - Quantity details
Select End of List and press Enter to accept the screen
10. Specify the Rate as 700. Amount gets calculated and displayed automatically.
11. In the Name of Item field select Cold Rolled Coils - 64mm as the second item
12. In the Supplier Details screen
Select the Invoice No. 457 from the List of Purchases
Specify the Quantity as 300
70
75. Transactions
Figure 3.28 Supplier Details screen.
Once goods purchased from Manufacturer are selected for Invoicing subse-
quently only purchases from Manufacturer will only be displayed for selection
under List of Purchases.
Accept the Suppliers Details.
13. Specify the and Rate as 575 (the Amount is calculated and prefilled automatically)
14. Select Output VAT @ 4% ledger and press Enter, the VAT amount is calculated and
pre-filled as 13,900.
15. To view the Statutory Details set the option Show Statutory Details to Yes
16. In the Bill-wise Details screen, accept the default bill allocations.
17. Enter the transaction details in the Narration field
71
76. Transactions
The completed Sales Invoice is displayed as shown.
Figure 3.29 Completed Excise Sales Invoice screen
18. Press Enter to accept
Step 2: Print Sales Invoice
The Voucher Printing screen appears as shown since, Print after Saving option is enabled in
Excise Sales Voucher Type, if not enabled press Alt+P from the above screen.
Figure 3.30 Voucher Printing Screen
72