How to Pass Purchase & Sale Entry with VAT & CST - Vat CST Accounting.jpg

RELEVANT GROUPS IN TALLY FOR PURCHASE SALE ENTRIES

Group Name Ledger Name
Purchase Accounts All types of Purchase Accounts like
Purchase Local 12 %
Purchase Interstate 12%
Purchase Local 0%
Purchase Interstate 0%
Purchase (Composition)
Purchase Exempt (Unregistered Dealer)
Purchase Local (Exempt Registered)
Purchase Taxable (Unregistered Dealer)
Purchase Nil Rated (Unregistered Dealer)
Purchase Reverse Charge
Purchase Import Taxable 12%
Purchase Import Exempt
Purchase Import Nil Rated
Purchase (Own Branch)
Purchase Return
   
Sales Account All types of Sales Accounts like
Sales Local 12 % (Registered)
Sales Interstate 12%
Sales Local Nil Rated
Sales Interstate Nil Rated
Salers Export With Bond
Salers Export Taxable
Export (0%)
Sales Local (Exempt Registered)
Sale To Consumer (Taxable 12%)
Sale To Consumer (0%)
Sale To Consumer (Exempt)
Sales (Own Branch)
Sale Return
   
Duties and Taxes All types of Taxes like
INPUT CGST SGST IGST CESS
OUTPUT GST SGST IGST CESS
Excise Duty Payable etc
Service Tax Payable 
TDS Payables 
Input Vat Accounts 
Output Vat Accounts 
Cenvat Accounts
Sale tax
Income Tax
VAT Payable


Check Ledger List for full list of Ledger under which Group.

  1. Tally

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.