VAT Classifications in Tally
How can I create a new VAT Classification in Tally ERP 9 ?
Though VAT classifications can be viewed using “Gateway of Tally >> Display >> Statutory Info >> VAT Classifications”, Tally ERP does not provide any user-interface or menu-option to create VAT Class.
A work-around is to create VAT Class using “Gateway of Tally >> Import of Data >> Masters” option.
Steps :-
1) Download and unzip the XML tags for creating VAT Class
2) Next, select option “Gateway of Tally >> Import of Data >> Masters”
3) Select the file VAT-CLASS.XML (which you have downloaded in step 1) to import it in Tally
Here’s the XML code to create VAT class for “Output VAT @ 14%” for Karnataka State.
<ENVELOPE> <HEADER> <TALLYREQUEST>Import Data</TALLYREQUEST> </HEADER> <BODY> <IMPORTDATA> <REQUESTDESC> <REPORTNAME>All Masters</REPORTNAME> <STATICVARIABLES> <IMPORTDUPS>Modify with New Data</IMPORTDUPS> </STATICVARIABLES> </REQUESTDESC> <REQUESTDATA> <TALLYMESSAGE xmlns:UDF="TallyUDF"> <TAXCLASSIFICATION NAME="Output VAT @ 14%"> <NAME.LIST TYPE="String"> <NAME>Output VAT @ 14%</NAME> <NAME>Sales @ 14%</NAME> </NAME.LIST> <TAXTYPE>VAT</TAXTYPE> <SUBTAXTYPE /> <MARKFORDELETION>No</MARKFORDELETION> <CLASSIFICATIONISSALES>Yes</CLASSIFICATIONISSALES> <ISCOMPOSITECLASSIFICATION>No</ISCOMPOSITECLASSIFICATION> <RATEOFVAT>14</RATEOFVAT> <!-- Add your State here--> <TAXCLASSIFICATIONSTATE.LIST> <STATENAME>Karnataka</STATENAME> <TAXCLASSIFSTATEPERIOD.LIST> <PERIODFROM>20110401</PERIODFROM> </TAXCLASSIFSTATEPERIOD.LIST> </TAXCLASSIFICATIONSTATE.LIST> </TALLYMESSAGE> </REQUESTDATA> </IMPORTDATA> </BODY> </ENVELOPE>
Remarks :-
1) You can use “Gateway of Tally >> Display >> List of Accounts >> Alt + E” to export All Statutory Masters in XML format. This gives you the XML format supported by Tally. Modify it and you can create Statutory Masters as required.