Create New Company in TAlly S/w
Only Accounts
Currency Symbol: Rs
Enable VAT (By Pressing F11 on Main Manu)
Tally Ledger Classification Setup in Target
(Accounting System >> Accounts MEnu >> Setup Ledger Accounts >>
Add New / Update Accounts >> Press F7 in Short Name and
Enter Class Name As Required in Tally S/w.)
Generally Class Names used in Tally Software for Sales/Purchase/Taxes A/c's As Below.
Sales Income
Sales @ 5.5%
Sales @ 14.5%
Sales @ 2%
Sales - Exempt
Output VAT
Output VAT @ 5.5%
Output VAT @ 14.5%
Output VAT @ 2%
Purchase Expenses
Purchase @ 5.5%
Purchase @ 14.5%
Purchase @ 2%
InterState Purchases @ 2% Against Form C
Input Taxes
Input VAT @ 5.5%
Input VAT @ 14.5%
Input VAT @ 2%
InterState Purchases @ 2% Against Form C