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Create A Voucher Class for Inclusive of Tax Calculations in Tally.ERP9

Voucher class can be used to automatically apply GST in transactions. You can create voucher class for inclusive-of-tax calculation as well as exclusive. The value of additional ledgers in the transaction should be included in the taxable value for calculating tax, which can also be automated using voucher class.

By creating voucher class with default tax ledgers and percentages, the errors that may arise due to the selection of wrong tax ledgers in the transactions can be avoided. It also reduces the time of voucher creation.

Voucher Class with Inclusive of Tax

In an inclusive voucher class, the tax amount is included in the sales value. Given below is the illustration of inclusive of tax voucher class under sales voucher type.

The sales ledger value and tax value are defined as percentage of the total sales value.

To create inclusive of tax voucher class

1.    Go to Gateway of Tally > Accounts Info > Voucher Types > Alter > Sales. Specify the details of the class as below:

Now pass a sales invoice using the voucher class created. The default account allocations selected in the voucher class will be automatically applied in the invoice. The invoice will not display the value of the default ledgers.

The auto-calculated value for the default ledgers can be viewed in the alteration mode. Open the invoice in alteration mode, and press Enter from the field Amount.

Voucher class without inclusive of tax

In a tax-exclusive voucher class, sales ledger and tax ledger percentages are exclusively defined.

As in tax-inclusive voucher class, the tax values will be applied automatically in the invoice. There is no need to select the tax ledgers.

You can create multiple voucher class for different tax rates or tax types depending on your requirement.

FAQ @ GST Invoicing and Printing
FAQ @ GST Features and Tax Calculations
Unregistered Dealers under GST
Recording Transactions under GST
Licensing and Migration for GST
Table-wise Report of GSTR-1
Using Multiple addresses for Ledger Account
Create A Voucher Class for Inclusive of Tax Calculations
Creating Voucher Types in Tally.ERP9
Restarting Voucher Numbering
Renewing Your Tally Software Service subscription for Tally.ERP 9
How to Upgrade to the Latest Tally.ERP 9 Release
How to Update Your Tally.ERP 9 License
How to Reactivate Tally.ERP 9 License
Surrendering Tally.ERP 9 License
Activating Tally.ERP 9 License
Configuring Tally.ERP 9 License from Tally Gateway Server
Summary of Exceptions- GSTR-2
Table-wise Report-GSTR-2
Returns Summary – GSTR-2
Computation Details- GSTR-2
Status Reconciliation- GSTR-2
Returns Summary- GSTR-1
Computation Details- GSTR-1
Summary of Exceptions- GSTR-1
Table-wise GSTR-1
Status Reconciliation-GSTR-1
Reversal of Tax Credit under GST
Refund of Tax Credit under GST
Recording Transitional Credit under GST
Adjustments Against Tax Credit under GST
Liability for interest, Penalty, Late Fee, and other Dues in GST
Advance Payment to Supplier under Reverse Charge in GST
GST Payment Voucher
Sales Returns under GST
Export Sales under GST
Sales of Mixed supply under GST
Sales of Composite Supply under GST
Nil-Rated GST-Sales
Exempt GST-Sales
GST-Sales to Consumer (B2C large and small invoices)
GST-Sales Involving Consignee (ship to) and buyer (bill to)
GST-Sale of Works Contract Services
Local GST-Sales
Interstate GST-Sales
GST-Sales of Goods and Services in a Single Invoice
Restart Voucher Numbering in GST Sale
Purchase Returns under GST
Record Inward Supply Of Services As Imports under GST
Raise Tax Liability under GST Purchase
Claim Tax Credit On The Liability Of Imports under GST Purchase
Nil Rated GST-Purchases
Exempt GST-Purchases
SEZ GST-Purchases
GST-Purchase of Works Contract Services
Local GST-Purchase
Interstate GST-Purchase
Updating / Creating a Sales Ledger under GST
Updating/Creating a Purchase Ledger under GST
Setting up GST Rates
Activating GST
Providing GST-related details
Sales Inclusive of Tax in Tally.ERP9
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