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  • VAT in Tally

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    mahendra nath
    19 views2 pages
    A company purchased 1000 shirts for Rs. 200 per piece totaling Rs. 100,000 from Adil Ltd. with a 4% VAT of Rs. 4,000. The company then sold the shirts to Kavya Enterprise for Rs. 300 per piece totaling Rs. 150,000 with a 4% VAT of Rs. 6,000, resulting in a profit of Rs. 50,000 for the company after accounting for the VAT amounts.

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    vat examples in tally

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    Vat

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    A company purchased 1000 shirts for Rs. 200 per piece totaling Rs. 100,000 from Adil Ltd. with a 4% VAT of Rs. 4,000. The company then sold the shirts to Kavya Enterprise for Rs. 300 per piece totaling Rs. 150,000 with a 4% VAT of Rs. 6,000, resulting in a profit of Rs. 50,000 for the company after accounting for the VAT amounts.

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    © All Rights Reserved
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    19 views2 pages

    VAT in Tally

    Uploaded by

    mahendra nath
    A company purchased 1000 shirts for Rs. 200 per piece totaling Rs. 100,000 from Adil Ltd. with a 4% VAT of Rs. 4,000. The company then sold the shirts to Kavya Enterprise for Rs. 300 per piece totaling Rs. 150,000 with a 4% VAT of Rs. 6,000, resulting in a profit of Rs. 50,000 for the company after accounting for the VAT amounts.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    VAT in Tally

    Company has made a purchase of 1000


    pcs Shirt @ Rs200 per piece from Adil
    Ltd with VAT 4%. And sold it to Kavya
    Enterprise @ Rs 300. Do the Entry
    How it works?
    Purchase @ 100000
    VAT @ 4% = 4000

    PROFIT @ 150000 LOSS @ 80000


    VAT @ 4% = 6000 VAT @ 4% = 3200
    Govt Pay – Rs 2000 Govt will Pay – Rs800

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