Saturday, August 31, 2019

Excise for Manufacturer In Tally.ERP 9

http://tally9book.com/Pages/Statutory-Taxation/Excise-Manufacture/excise-contents.html

CONTENTS
(Excise for Manufacturer In Tally.ERP 9)
 
A-      Enabling Excise in Tally.ERP 9

B-      Excise transactions to generate G.A.R.-7
  1.  Excise Purchases (Purchase of Raw Materials)
       Step-1. Create Masters

           i. Party Ledger
          ii. CENVAT Type Duty Ledgers
              a. Basic Excise Duty (CENVAT)
              b. Education Cess (CENVAT)
              c. Secondary Education Cess (CENVAT)
         iii. Purchase Ledger
      Step-2. Create Excise Purchase Voucher Type
      Step-3. Create Tariff Classification
      Step-4. Create Stock Item
      Step-5. Record a Excise Purchase Voucher
  1. Availing CENVAT Credit on Purchases
    Step-1 : Create Voucher Class in Debit Note Voucher

    Step-2 : Record a Debit Note Voucher
  1. Manufacture of Finished Goods
    Step-1 : Create Manufacturing Journal Voucher Type

    Step- 2: Create stock Item
    Step- 3 : Record a Manufacturing Journal
  1. Excise Sales
    Step-1 : Create Masters

    i. Customer Ledger
    ii. Sales Ledger
    iii. VAT Duty Ledger
    Step- 2 : Create Excise Voucher Type
    Step-3 : Record a Excise sales voucher
                      Printing Excise Sales Invoic
  1. Adjustment of CENVAT Credit availed against the Duty Payable.
    Step-1 :           Create Voucher Class in Journal Voucher

    Step- 2 :          Record a Journal Voucher
  1. Payment of Excise Duty
  7. Generating G.A.R.- 7
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