Managing VAT with Tally 9

VAT & CST comprise plethora of rules and involve intricate computation.There are many issues involving complex computation and adjustments in respect of valuation of stock, tax element included in stock-in-hand, purchase & consumption of goods from unregistered dealers, inter state sales, purchases & transfers, import & export, input tax credit adjustments & carry forward.People have to consult books on Law as well as books on accounting to maintain proper accounts & submit returns.Often, they use customized or special external applications for Invoicing & Accounting and re-enter the data in their centralised accounting system. This details extra effort, time & cost incurred on duplicate data entry and rectification of errors resulting there from.TALLY, the most popular accounting software, contains in-built modules to compute & maintain VAT & CST accounts, invoices & statutory returns.This book is aimed to give complete solution to accountants providing important legal provisions on VAT & CST as well as implementation & maintenance of an integrated invoicing & accounting system using Tally 9. This will help you to maintain all information centralized without using any other software application.Part A of the book contains the salient features, important law & rules of VAT & CST, in simple language. It explains the main provisions of law regarding charge, realisation, payment of tax submission of returns and maintenance of relevant records, servicing as a guide book on law and rules on the relevant subjects.Part B of the book contains detailed steps of maintaining accounts relating to VAT & CST, forms receipts, issues & tracking of pending forms.