VAT in Tally.ERP 9 Video Lecture | Tally ERP 9: Complete Training - Software Development

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FAQs on VAT in Tally.ERP 9 Video Lecture - Tally ERP 9: Complete Training - Software Development

1. What is VAT in Tally.ERP 9?
Ans. VAT in Tally.ERP 9 refers to the Value Added Tax feature available in the software. It allows businesses to calculate and manage the VAT payable or receivable on their transactions.
2. How can I enable VAT in Tally.ERP 9?
Ans. To enable VAT in Tally.ERP 9, go to the Gateway of Tally, click on F11: Features, and then select Statutory & Taxation. In the Statutory & Taxation menu, enable the option for VAT and provide the necessary details such as VAT registration number, tax type, and tax rate.
3. Can I generate VAT reports in Tally.ERP 9?
Ans. Yes, Tally.ERP 9 allows you to generate various VAT reports. You can access these reports by going to the Gateway of Tally, selecting Display, and then selecting Statutory Reports. From there, you can choose the VAT reports you need, such as the VAT Computation report or the VAT Return report.
4. Can I file VAT returns directly from Tally.ERP 9?
Ans. Yes, Tally.ERP 9 provides an option to file VAT returns directly from the software. Once you have generated the VAT Return report, you can export it in the required format and submit it online through the respective tax department's portal. Tally.ERP 9 also supports various e-filing modes for VAT returns.
5. Is VAT calculation automated in Tally.ERP 9?
Ans. Yes, VAT calculation is automated in Tally.ERP 9. The software automatically calculates the VAT amount based on the tax rate and applies it to the relevant transactions. This eliminates the need for manual calculation and reduces the chances of errors in VAT calculations.
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