Monday, July 19, 2010
Resolved QuestionShow me another »
How can i download You tube videos?
How can i download You tube videos????
Best Answer - Chosen by Asker
download DAP software(download accelerator plus) from cnet.com. after downloading this software when you install this in pc during installation you get speed bit video download install it. when you go youtube just click download video option which is situated at your web browser.
How can i download You tube videos?
How can i download You tube videos????
Best Answer - Chosen by Asker
download DAP software(download accelerator plus) from cnet.com. after downloading this software when you install this in pc during installation you get speed bit video download install it. when you go youtube just click download video option which is situated at your web browser.
Sunday, July 18, 2010
Step 1:Enable Service Tax-yes
Set/Alter Service Tax Details-yes
Fill the Required the information
Step 2:Create Ledger (for Services)
a)Name : Advertising Consultancy (Work )
Under : Sales
Is service Tax Appliocable -yes
a window will open select :list of Service Categories -(Advertising Agency)
b) Name : output Service TAx (advt)
Under : Duties and Taxes
Type of duty and tax-service tax
Category name : advertising agency (work)
Note : Input : purchase
output:sales
c) Name :creative agency(party name to whom service is given)
under : sundry debtors
maintain bill wise detail-yes
is service tax applicable-yes
d) Name : advertising agency
under : Sundry creditor
maintain bill wise detail-yes
is service tax applicable-yes
Select not APPLICABLE
E)*oPTIONAL
Name: excise @16%
under Duties and taxes
type of tax:Excise
duty head : cess on duty
percentage :16%
method of calculation : surcharge on tax
f)Name : education cess excise
under Duties and taxes
type of tax:Excise
duty head : cess on duty
percentage :2
method of calculation : surcharge on tax
Step 3 : pass the Voucher entry
a) sales the Sevice
Press F8 -sales
To change from item name to particular press alt +i
use common ledger for narration -no (F12)
Party name : creative agency
particular: advertising consultancy
output advertisement(sales)
* a window will we opened if required fill expense
* give bill reference
b) Receipt voucher
Press f6- receipt the amount of service
Through against reference
C) DEPOSIT SERVICE TAX IN BANK
Press F5- payment voucher
Dr Output Tax
Select against ref select amount
Cr State Bank of India
Give service tax payment period
Accept entry
To print page up press alt + p >> print GAR Form –yes
Posted by Sheikh Vassem Raja at 6:08 AM 0 comments
Labels: Simple process of Service Tax in Tally
Monday, March 15, 2010
Accounts, Tax Audit(Sales Tax,Service)
Accounts Consultancy here we will consult you about Tax (Sales,Serive and more) so feel free to contact.
Posted by Sheikh Vassem Raja at 6:27 AM 0 comments
Labels: Account and Tax Audit
Tally Accountant JOb
Required Job of Tally ,or need a Tally Accountant Mail me at : vassemraja@in.com
Posted by Sheikh Vassem Raja at 5:29 AM 0 comments
Labels: tally Accountant
Thursday, March 11, 2010
VAT Rates
VAT Rates
According to the White Paper, there are 550 categories of goods under the VAT system. They are classified into the following four groups, depending on the VAT rate:
VAT @ 4%
The largest number of goods (270) comprising of basic necessity items such as drugs and medicines, agricultural and industrial inputs, capital goods and declared goods are under 4% VAT rate.
Exempted from VAT
There are about 46 commodities under the exempted category. This includes a maximum of 10 commodities that each state would be allowed to select, from a broader approved list for VAT exemption. The exempted commodities include natural and unprocessed products in unorganized sector as well as items, which are legally barred from taxation.
VAT @ 1%
This is for a specific category of goods like gold, silver, etc.
VAT@12.5%
The remaining commodities are under the general VAT rate of 12.5%.
Note: The few goods that are outside VAT as a matter of policy would include liquor, lottery tickets, petroleum products, as the prices of these items are not fully market-determined. These items will continue to be taxed under the sales tax act of the respective states.
Items
Rate of tax
Gold, silver and precious metals; Articles Gold, silver and precious metals includingJewelary made from Gold, Silver and other precious metals;
1%
Basic goods which are of basic necessities industries and agricultural inputs, declared goods and AED items, and Capital goods.
4%
Demerit Goods*
20%
General rate applicable to all items apart from above items and exempted category.
12.5%
Types of Dealers
There are two types of Dealers.
· Registered Dealers
· Unregistered Dealers
Registered Dealers
A dealer whose gross annual turnover is above the VAT threshold limit is required to register under VAT. This is mandatory. A new dealer will be allowed 30 days time from the date of liability to get registered.
A VAT registered dealer will be eligible for input tax credit. All Registered Dealers must follow the VAT law, irrespective of the size of the business. A Registered Dealer may sell to both Consumers and Non- Consumers.
A registered dealer can opt for compositions scheme.
Unregistered Dealers
A dealer whose annual turnover is less than Rs.5 lakhs is an Unregistered Dealer and has been granted the status of a Consumer. So, the VAT paid by an Unregistered Dealer is treated as his cost and is charged no further VAT on his sale. It is assumed that such small dealers will not be supplying other industries or dealers. Therefore they are not included into the VAT chain.
But if the small dealer is in the business of actually supplying to others besides consumers, then he can optionally choose to register and gain the benefits of a Registered Dealer.
The registered dealer pays VAT on goods purchased from unregistered dealer.
Criteria for Registration under VAT Composition Returns
Dealers eligible to be registered under VAT Composition Returns
The VAT Composition Returns is available to Dealers who:
· Resell goods in retail
· Run a Restaurant, Eating house, Club, Hotel (Other than Star Hotels), Refreshment rooms or Boarding Establishments
· Cater and serve food with non-alcoholic drinks
· Run Bakeries
· Dealers in second hand motor vehicles
· Engage in executing works contracts
The rate of tax payable under VAT Composition Returns for small dealers and other category of dealers is different.
Note: Dealers who make Inter-state purchases are not eligible for the VAT Composition Returns scheme. This provision applies to VAT implied in most of the states.
Dealers not eligible to be registered under VAT Composition Returns
The VAT Composition Returns is not available to:
· Manufacturers
· Importers
· Dealers who purchase any goods from a registered dealer on high seas basis
· Dealers who sell in retail Foreign Liquor and Country Liquor
· Dealers who sell in retail Drugs covered by Entry C-29
· Dealers who sell in retail notified Motor Spirits
Procedure for Opting VAT Composition
1. A Dealer, who is applying for a new VAT registration can opt to join the Vat Composition Returns by indicating the same in the appropriate box of the Application form.
2. A Dealer, who is already registered under VAT, can opt to join the VAT Composition Returns scheme, by submitting the duly completed prescribed Form to the jurisdictional VAT officer.
Restrictions:
If you have selected to pay Tax under the VAT Composition Returns scheme:
· You will not be allowed to claim any credits for input tax paid on your purchases
· You will not be entitled to issue any tax invoices
· You will not be allowed to charge and collect tax from your customers
· You have to retain tax invoices and retail invoices for all purchases
CST Transaction Forms
Dealers have to issue certain declarations in prescribed forms to buyers/sellers. The type of forms are C, D, E1, E2, F, H and I. Forms C, E1, E2, F and H are printed and supplied by Sales Tax authorities. Dealers have to issue declarations in these forms printed and supplied by the Sales Tax authorities. Form D is to be issued by government organization departments making purchases. These forms are to be prepared in triplicate.
Form C
The sales tax on inter-state sale is 4% or the applicable sales tax rate for sale within the State whichever is lower if the sale is to a dealer registered under CST and the goods are covered in the registration certificate of the purchasing dealer. The purchasing dealer is eligible to get these goods at concessional rate if a declaration in C form is submitted to the selling dealer.
Form D
Sale to government is taxable @ 4% or applicable sales tax rate for sale within the State whichever is lower. This concession on CST is applicable if Form D is issued by the government department which purchases the goods.
Form E1
This form is issued by the dealer who makes the first inter-state sale during movement of goods from one State to another. This enables the purchaser to claim exemption from CST on the second inter-state sale during the movement of goods by transfer of documents of title.
Form E2
This form is issued by the second or the subsequent seller when the goods move from one state to another in a series of inter-state sales by transfer of documents of title. This form enables the purchaser to claim exemption form CST on subsequent sale of goods
Form F
This form is issued when goods are despatched to another state as a consignment or to the branch of a dealer in another State. The CST is not payable if there is only inter-state stock transfer and there is no sale. To claim inter-state movement of goods as “not a sale”, the dealer has to produce a declaration in Form ‘F’ received from Consignment Agent or Branch Office in another State. One Form F covering receipts during one calendar month has to be issued.
Form H
This form is issued by an exporter for purchase of goods. The purchase of goods is for an export order or in pursuance of an export order. These goods are then sold in export and the form enables seller of the goods to the exporter to claim deduction on the goods sold for export.
Form I
This form is issued by a dealer located in a Special Economic Zone (SEZ). No CST is levied when sales is made to a dealer located in SEZ.
Posted by Sheikh Vassem Raja at 4:15 AM 0 comments
Labels: VAT Rates
Tuesday, March 9, 2010
Tally Short Keys
Function Key Combination
Windows
Functionality
Availability
F1
To select a company
At all masters menu screen
F1
To select the Accounts Button
At the Accounting Voucher creation and alteration screen
F1 (ALT+F1)
To select the Inventory Button
At the Inventory/Payroll Voucher creation and alteration screen
F1 (CTRL + F1)
To select Payroll Vouchers to alter
At the Accounting/Inventory voucher creation or alteration screen.
F2
To change the current date
To select company inventory features
At almost all screens in TALLY
At the F11: Features screen
F3
To select the company
To select Company Statutory & Taxation features
At almost all screens in TALLY
At F11: Features screen
F4
To select the Contra voucher
At Accounting / Inventory Voucher creation and alteration screen
F5
To select the Payment voucher
At Accounting / Inventory Voucher creation and alteration screen
F6
To select the Receipt voucher
At Accounting / Inventory Voucher creation and alteration screen
F7
To select the Journal voucher
At Accounting / Inventory Voucher creation and alteration screen
F8
To select the Sales voucher
At Accounting / Inventory Voucher creation and alteration screen
F8 (CTRL+F8)
To select the Credit Note voucher
At Accounting / Inventory Voucher creation and alteration screen
F9
To select the Purchase voucher
At Accounting / Inventory Voucher creation and alteration screen
F9 (CTRL+F9)
To select the Debit Note voucher
At Accounting / Inventory Voucher creation and alteration screen
F10
To select the Reversing Journal voucher
At Accounting / Inventory Voucher creation and alteration screen
F10 (Ctrl + F10)
To select the Memorandum voucher
At Accounting / Inventory Voucher creation and alteration screen
F11
To select the Functions and Features screen
At almost all screens in TALLY
F12
To select the Configure screen
At almost all screens in TALLY
Special Key Combination
Windows
Functionality
Availability
ALT + 2
To Duplicate a voucher
At List of Vouchers – creates a voucher similar to the one where you positioned the cursor and used this key combination
ALT + A
To Add a voucher
To Alter the column in columnar report
At List of Vouchers – adds a voucher after the one where you positioned the cursor and used this key combination.
Alters the column in all the reports which can be viewed in columnar format
ALT + C
To create a master at a voucher screen (if it has not been already assigned a different function, as in reports like Balance Sheet, where it adds a new column to the report)
To access Auto Value Calculator in the amount field during voucher entry
At voucher entry and alteration screens, at a field where you have to select a master from a list. If the necessary account has not been created already, use this key combination to create the master without quitting from the voucher screen.
At all voucher entry screens in the Amount field
ALT + D
To delete a voucher
To delete a master
To delete a column in any columnar report
(if it has not been already assigned a different function, as explained above)
At Voucher and Master (Single) alteration screens. Masters can be deleted subject to conditions, as explained in the manual.
All the reports screen which can be viewed in columnar format
ALT + E
To export the report in ASCII, HTML OR XML format
At all reports screens in TALLY
ALT + I
To insert a voucher
To toggle between Item and Accounting invoice
At List of Vouchers – inserts a voucher before the one where you positioned the cursor and used this key combination.
At creation of sales and purchase invoice
ALT + L
To select the Language Configuration
At almost all screens in TALLY.
ALT + K
To select the Keyboard Configuration
At almost all screens in TALLY.
ALT + O
To upload the report at your website
At all reports screens in TALLY
ALT + L
To select language for Tally Interface
At almost all screens of TALLY
ALT + M
To Email the report
At all reports screens in TALLY
ALT + N
To view the report in automatic columns
At all the reports where columns can be added
ALT + P
To print the report
At all reports screens in TALLY
ALT + R
To remove a line in a report
At all reports screens in TALLY
ALT + S
To bring back a line you removed using ALT + R
At all reports screens in TALLY
ALT + U
To retrieve the last line which is deleted using Alt + R
At all reports screens in Tally
ALT+ V
From Invoice screen to bring Stock Journal screen
At Invoice screen à Quantity Field à Press Alt + V to select the Stock Journal.
ALT + W
To view the Tally Web browser.
At all reports screens in TALLY
ALT + X
To cancel a voucher in Day Book/List of Vouchers
At all voucher screens in TALLY
ALT + R
To Register Tally
At almost all screens in TALLY.
CTRL + A
To accept a form – wherever you use this key combination, that screen or report gets accepted as it is.
At almost all screens in TALLY, except where a specific detail has to be given before accepting.
CTRL + B
To select the Budget
At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen
CTRL + ALT + B
To check the Company Statutory details
At all the menu screens
CTRL + C
To select the Cost Centre
To select the Cost Category
At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen
At Stock Groups/ Stock Categories/ Stock Items/ Reorder Levels/ Godowns/ Voucher Types / Units of Measure ( Inventory Info) creation/alteration screen
CTRL+ E
To select the Currencies
At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen
CTRL + G
To select the Group
At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen
CTRL + I
To select the Stock Items
At Stock Group/ Stock Categories/ Stock Items/ Reorder Levels/ Godowns/ Voucher Types / Units of Measure ( Inventory Info) creation/alteration screen
Ctrl + Alt + I
To import statutory masters
At all menu screens
CTRL + L
To select the Ledger
To mark a Voucher as Optional
At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen
At the creation and alteration of Vouchers
CTRL + O
To select the Godowns
At Stock Group/ Stock Categories/ Stock Items/ Reorder Levels/ Godowns/ Voucher Types / Units of Measure ( Inventory Info) creation/alteration screen
CTRL + Q
To abandon a form – wherever you use this key combination, it quits that screen without making any changes to it.
At almost all screens in TALLY.
CTRL + R
To repeat narration in the same voucher type
At creation/alteration of voucher screen
CTRL + Alt + R
Rewrite data for a Company
From Gateway of Tally screen
CTRL + S
Allows you to alter Stock Item master
At Stock Voucher Report and Godown Voucher Report
CTRL + U
To select the Units
At Stock Groups/ Stock Categories/ Stock Items/ Reorder Levels/ Godowns/ Voucher Types / Units of Measure ( Inventory Info) creation/alteration screen
CTRL + V
To select the Voucher Types
To toggle between Invoice and Voucher
At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen
At creation of Sales/Purchase Voucher screen
Special Function Key Combination
Windows
Functionality
Availability
ALT + F1
To close a company
To view detailed report
To explode a line into its details
To select Inventory vouchers to alter
At all menu screens
At almost all report screens
At almost all screens in TALLY
At the Inventory/ Payroll voucher creation or alteration screen.
ALT + F2
To change the period
At almost all screens in TALLY
ALT + F3
To select the company info menu
To create/alter/shut a Company
At Gateway of Tally screen
ALT + F4
To select the Purchase Order Voucher Type
At Accounting / Inventory Voucher creation and alteration screens
ALT + F5
To select the Sales Order Voucher Type
To view monthly and quarterly report
At Accounting / Inventory Voucher creation and alteration screens
At almost all report screens in TALLY
ALT + F6
To select the Rejection Out Voucher Type
To change the Sales Order Voucher Type
At Accounting / Inventory Voucher creation and alteration screens
ALT + F7
To select the Stock Journal Voucher Type
To accept all the Audit lists
At Accounting / Inventory Voucher creation and alteration screens
At TallyAudit Listing screen
ALT + F8
To select the Delivery Note Voucher Type
To view the Columnar report
At Accounting / Inventory Voucher creation and alteration screens
At Ledger Voucher screen
ALT + F9
To select the Receipt Note Voucher Type
At Accounting / Inventory Voucher creation and alteration screens
ALT + F10
To select the Physical Stock Voucher Type
At Accounting / Inventory Voucher creation and alteration screens
ALT + F12
To filter the information based on monetary value
At almost all report screens
Ctrl + F1
To select payroll vouchers for alteration
At the Accounting/Inventory Voucher creation or alteration screen
CTRL + ALT + F12
Advanced Config
At Gateway of Tally
Key Combination used for navigation
Windows
Functionality
Availability
PgUp
Display previous voucher during voucher entry/alter
At voucher entry and alteration screens
PgDn
Display next voucher during voucher entry/alter
At voucher entry and alteration screens
ENTER
To accept anything you type into a field.
To accept a voucher or master
To get a report with further details of an item in a report.
You have to use this key at most areas in TALLY
At the receivables report – press Enter at a pending bill to get transactions relating to this bill (e.g., original sale bill, receipts and payments against this bill, etc)
ESC
To remove what you typed into a field
To come out of a screen
To indicate you do not want to accept a voucher or master.
At almost all screens in TALLY.
SHIFT + ENTER
Collapse next level details
At Voucher Register screen and Trial Balance report
SHIFT + ENTER
To explode a line into its details
In almost all Reports:
At a Group/Stock Group/Cost Category/Godown/Stock Category – displays Sub Groups and Ledgers/Stock Items/Cost Centres/Secondary Godowns/Secondary Stock Categories
At a Voucher – displays its entries and narration
At a Stock Item- displays its godowns and batch details
At Voucher Register screen – displays the next level details
At Trial Balance report - displays the next level details
CTRL + ENTER
To alter a master while making an entry or viewing a report
At voucher entry and alteration screens
At all reports
Posted by Sheikh Vassem Raja at 1:34 AM 0 comments
Labels: Tally Short keys
Monday, March 8, 2010
tally query
Tally the Accounting Software .forevery big and small company
Posted by Sheikh Vassem Raja at 3:26 AM 0 comments
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Sheikh Vassem Raja
Bhopal, Madhya Pradesh, India
Hi myself Sheikh Vassem Raja iam a Computererized Accounting Faculty so iam able to know which type of Problem accountant Faced so here we will discuss it and solve it.
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▼ 2010 (6)
▼ March (6)
Service Tax in Tally
Accounts, Tax Audit(Sales Tax,Service)
Tally Accountant JOb
VAT Rates
Tally Short Keys
tally query
Set/Alter Service Tax Details-yes
Fill the Required the information
Step 2:Create Ledger (for Services)
a)Name : Advertising Consultancy (Work )
Under : Sales
Is service Tax Appliocable -yes
a window will open select :list of Service Categories -(Advertising Agency)
b) Name : output Service TAx (advt)
Under : Duties and Taxes
Type of duty and tax-service tax
Category name : advertising agency (work)
Note : Input : purchase
output:sales
c) Name :creative agency(party name to whom service is given)
under : sundry debtors
maintain bill wise detail-yes
is service tax applicable-yes
d) Name : advertising agency
under : Sundry creditor
maintain bill wise detail-yes
is service tax applicable-yes
Select not APPLICABLE
E)*oPTIONAL
Name: excise @16%
under Duties and taxes
type of tax:Excise
duty head : cess on duty
percentage :16%
method of calculation : surcharge on tax
f)Name : education cess excise
under Duties and taxes
type of tax:Excise
duty head : cess on duty
percentage :2
method of calculation : surcharge on tax
Step 3 : pass the Voucher entry
a) sales the Sevice
Press F8 -sales
To change from item name to particular press alt +i
use common ledger for narration -no (F12)
Party name : creative agency
particular: advertising consultancy
output advertisement(sales)
* a window will we opened if required fill expense
* give bill reference
b) Receipt voucher
Press f6- receipt the amount of service
Through against reference
C) DEPOSIT SERVICE TAX IN BANK
Press F5- payment voucher
Dr Output Tax
Select against ref select amount
Cr State Bank of India
Give service tax payment period
Accept entry
To print page up press alt + p >> print GAR Form –yes
Posted by Sheikh Vassem Raja at 6:08 AM 0 comments
Labels: Simple process of Service Tax in Tally
Monday, March 15, 2010
Accounts, Tax Audit(Sales Tax,Service)
Accounts Consultancy here we will consult you about Tax (Sales,Serive and more) so feel free to contact.
Posted by Sheikh Vassem Raja at 6:27 AM 0 comments
Labels: Account and Tax Audit
Tally Accountant JOb
Required Job of Tally ,or need a Tally Accountant Mail me at : vassemraja@in.com
Posted by Sheikh Vassem Raja at 5:29 AM 0 comments
Labels: tally Accountant
Thursday, March 11, 2010
VAT Rates
VAT Rates
According to the White Paper, there are 550 categories of goods under the VAT system. They are classified into the following four groups, depending on the VAT rate:
VAT @ 4%
The largest number of goods (270) comprising of basic necessity items such as drugs and medicines, agricultural and industrial inputs, capital goods and declared goods are under 4% VAT rate.
Exempted from VAT
There are about 46 commodities under the exempted category. This includes a maximum of 10 commodities that each state would be allowed to select, from a broader approved list for VAT exemption. The exempted commodities include natural and unprocessed products in unorganized sector as well as items, which are legally barred from taxation.
VAT @ 1%
This is for a specific category of goods like gold, silver, etc.
VAT@12.5%
The remaining commodities are under the general VAT rate of 12.5%.
Note: The few goods that are outside VAT as a matter of policy would include liquor, lottery tickets, petroleum products, as the prices of these items are not fully market-determined. These items will continue to be taxed under the sales tax act of the respective states.
Items
Rate of tax
Gold, silver and precious metals; Articles Gold, silver and precious metals includingJewelary made from Gold, Silver and other precious metals;
1%
Basic goods which are of basic necessities industries and agricultural inputs, declared goods and AED items, and Capital goods.
4%
Demerit Goods*
20%
General rate applicable to all items apart from above items and exempted category.
12.5%
Types of Dealers
There are two types of Dealers.
· Registered Dealers
· Unregistered Dealers
Registered Dealers
A dealer whose gross annual turnover is above the VAT threshold limit is required to register under VAT. This is mandatory. A new dealer will be allowed 30 days time from the date of liability to get registered.
A VAT registered dealer will be eligible for input tax credit. All Registered Dealers must follow the VAT law, irrespective of the size of the business. A Registered Dealer may sell to both Consumers and Non- Consumers.
A registered dealer can opt for compositions scheme.
Unregistered Dealers
A dealer whose annual turnover is less than Rs.5 lakhs is an Unregistered Dealer and has been granted the status of a Consumer. So, the VAT paid by an Unregistered Dealer is treated as his cost and is charged no further VAT on his sale. It is assumed that such small dealers will not be supplying other industries or dealers. Therefore they are not included into the VAT chain.
But if the small dealer is in the business of actually supplying to others besides consumers, then he can optionally choose to register and gain the benefits of a Registered Dealer.
The registered dealer pays VAT on goods purchased from unregistered dealer.
Criteria for Registration under VAT Composition Returns
Dealers eligible to be registered under VAT Composition Returns
The VAT Composition Returns is available to Dealers who:
· Resell goods in retail
· Run a Restaurant, Eating house, Club, Hotel (Other than Star Hotels), Refreshment rooms or Boarding Establishments
· Cater and serve food with non-alcoholic drinks
· Run Bakeries
· Dealers in second hand motor vehicles
· Engage in executing works contracts
The rate of tax payable under VAT Composition Returns for small dealers and other category of dealers is different.
Note: Dealers who make Inter-state purchases are not eligible for the VAT Composition Returns scheme. This provision applies to VAT implied in most of the states.
Dealers not eligible to be registered under VAT Composition Returns
The VAT Composition Returns is not available to:
· Manufacturers
· Importers
· Dealers who purchase any goods from a registered dealer on high seas basis
· Dealers who sell in retail Foreign Liquor and Country Liquor
· Dealers who sell in retail Drugs covered by Entry C-29
· Dealers who sell in retail notified Motor Spirits
Procedure for Opting VAT Composition
1. A Dealer, who is applying for a new VAT registration can opt to join the Vat Composition Returns by indicating the same in the appropriate box of the Application form.
2. A Dealer, who is already registered under VAT, can opt to join the VAT Composition Returns scheme, by submitting the duly completed prescribed Form to the jurisdictional VAT officer.
Restrictions:
If you have selected to pay Tax under the VAT Composition Returns scheme:
· You will not be allowed to claim any credits for input tax paid on your purchases
· You will not be entitled to issue any tax invoices
· You will not be allowed to charge and collect tax from your customers
· You have to retain tax invoices and retail invoices for all purchases
CST Transaction Forms
Dealers have to issue certain declarations in prescribed forms to buyers/sellers. The type of forms are C, D, E1, E2, F, H and I. Forms C, E1, E2, F and H are printed and supplied by Sales Tax authorities. Dealers have to issue declarations in these forms printed and supplied by the Sales Tax authorities. Form D is to be issued by government organization departments making purchases. These forms are to be prepared in triplicate.
Form C
The sales tax on inter-state sale is 4% or the applicable sales tax rate for sale within the State whichever is lower if the sale is to a dealer registered under CST and the goods are covered in the registration certificate of the purchasing dealer. The purchasing dealer is eligible to get these goods at concessional rate if a declaration in C form is submitted to the selling dealer.
Form D
Sale to government is taxable @ 4% or applicable sales tax rate for sale within the State whichever is lower. This concession on CST is applicable if Form D is issued by the government department which purchases the goods.
Form E1
This form is issued by the dealer who makes the first inter-state sale during movement of goods from one State to another. This enables the purchaser to claim exemption from CST on the second inter-state sale during the movement of goods by transfer of documents of title.
Form E2
This form is issued by the second or the subsequent seller when the goods move from one state to another in a series of inter-state sales by transfer of documents of title. This form enables the purchaser to claim exemption form CST on subsequent sale of goods
Form F
This form is issued when goods are despatched to another state as a consignment or to the branch of a dealer in another State. The CST is not payable if there is only inter-state stock transfer and there is no sale. To claim inter-state movement of goods as “not a sale”, the dealer has to produce a declaration in Form ‘F’ received from Consignment Agent or Branch Office in another State. One Form F covering receipts during one calendar month has to be issued.
Form H
This form is issued by an exporter for purchase of goods. The purchase of goods is for an export order or in pursuance of an export order. These goods are then sold in export and the form enables seller of the goods to the exporter to claim deduction on the goods sold for export.
Form I
This form is issued by a dealer located in a Special Economic Zone (SEZ). No CST is levied when sales is made to a dealer located in SEZ.
Posted by Sheikh Vassem Raja at 4:15 AM 0 comments
Labels: VAT Rates
Tuesday, March 9, 2010
Tally Short Keys
Function Key Combination
Windows
Functionality
Availability
F1
To select a company
At all masters menu screen
F1
To select the Accounts Button
At the Accounting Voucher creation and alteration screen
F1 (ALT+F1)
To select the Inventory Button
At the Inventory/Payroll Voucher creation and alteration screen
F1 (CTRL + F1)
To select Payroll Vouchers to alter
At the Accounting/Inventory voucher creation or alteration screen.
F2
To change the current date
To select company inventory features
At almost all screens in TALLY
At the F11: Features screen
F3
To select the company
To select Company Statutory & Taxation features
At almost all screens in TALLY
At F11: Features screen
F4
To select the Contra voucher
At Accounting / Inventory Voucher creation and alteration screen
F5
To select the Payment voucher
At Accounting / Inventory Voucher creation and alteration screen
F6
To select the Receipt voucher
At Accounting / Inventory Voucher creation and alteration screen
F7
To select the Journal voucher
At Accounting / Inventory Voucher creation and alteration screen
F8
To select the Sales voucher
At Accounting / Inventory Voucher creation and alteration screen
F8 (CTRL+F8)
To select the Credit Note voucher
At Accounting / Inventory Voucher creation and alteration screen
F9
To select the Purchase voucher
At Accounting / Inventory Voucher creation and alteration screen
F9 (CTRL+F9)
To select the Debit Note voucher
At Accounting / Inventory Voucher creation and alteration screen
F10
To select the Reversing Journal voucher
At Accounting / Inventory Voucher creation and alteration screen
F10 (Ctrl + F10)
To select the Memorandum voucher
At Accounting / Inventory Voucher creation and alteration screen
F11
To select the Functions and Features screen
At almost all screens in TALLY
F12
To select the Configure screen
At almost all screens in TALLY
Special Key Combination
Windows
Functionality
Availability
ALT + 2
To Duplicate a voucher
At List of Vouchers – creates a voucher similar to the one where you positioned the cursor and used this key combination
ALT + A
To Add a voucher
To Alter the column in columnar report
At List of Vouchers – adds a voucher after the one where you positioned the cursor and used this key combination.
Alters the column in all the reports which can be viewed in columnar format
ALT + C
To create a master at a voucher screen (if it has not been already assigned a different function, as in reports like Balance Sheet, where it adds a new column to the report)
To access Auto Value Calculator in the amount field during voucher entry
At voucher entry and alteration screens, at a field where you have to select a master from a list. If the necessary account has not been created already, use this key combination to create the master without quitting from the voucher screen.
At all voucher entry screens in the Amount field
ALT + D
To delete a voucher
To delete a master
To delete a column in any columnar report
(if it has not been already assigned a different function, as explained above)
At Voucher and Master (Single) alteration screens. Masters can be deleted subject to conditions, as explained in the manual.
All the reports screen which can be viewed in columnar format
ALT + E
To export the report in ASCII, HTML OR XML format
At all reports screens in TALLY
ALT + I
To insert a voucher
To toggle between Item and Accounting invoice
At List of Vouchers – inserts a voucher before the one where you positioned the cursor and used this key combination.
At creation of sales and purchase invoice
ALT + L
To select the Language Configuration
At almost all screens in TALLY.
ALT + K
To select the Keyboard Configuration
At almost all screens in TALLY.
ALT + O
To upload the report at your website
At all reports screens in TALLY
ALT + L
To select language for Tally Interface
At almost all screens of TALLY
ALT + M
To Email the report
At all reports screens in TALLY
ALT + N
To view the report in automatic columns
At all the reports where columns can be added
ALT + P
To print the report
At all reports screens in TALLY
ALT + R
To remove a line in a report
At all reports screens in TALLY
ALT + S
To bring back a line you removed using ALT + R
At all reports screens in TALLY
ALT + U
To retrieve the last line which is deleted using Alt + R
At all reports screens in Tally
ALT+ V
From Invoice screen to bring Stock Journal screen
At Invoice screen à Quantity Field à Press Alt + V to select the Stock Journal.
ALT + W
To view the Tally Web browser.
At all reports screens in TALLY
ALT + X
To cancel a voucher in Day Book/List of Vouchers
At all voucher screens in TALLY
ALT + R
To Register Tally
At almost all screens in TALLY.
CTRL + A
To accept a form – wherever you use this key combination, that screen or report gets accepted as it is.
At almost all screens in TALLY, except where a specific detail has to be given before accepting.
CTRL + B
To select the Budget
At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen
CTRL + ALT + B
To check the Company Statutory details
At all the menu screens
CTRL + C
To select the Cost Centre
To select the Cost Category
At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen
At Stock Groups/ Stock Categories/ Stock Items/ Reorder Levels/ Godowns/ Voucher Types / Units of Measure ( Inventory Info) creation/alteration screen
CTRL+ E
To select the Currencies
At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen
CTRL + G
To select the Group
At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen
CTRL + I
To select the Stock Items
At Stock Group/ Stock Categories/ Stock Items/ Reorder Levels/ Godowns/ Voucher Types / Units of Measure ( Inventory Info) creation/alteration screen
Ctrl + Alt + I
To import statutory masters
At all menu screens
CTRL + L
To select the Ledger
To mark a Voucher as Optional
At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen
At the creation and alteration of Vouchers
CTRL + O
To select the Godowns
At Stock Group/ Stock Categories/ Stock Items/ Reorder Levels/ Godowns/ Voucher Types / Units of Measure ( Inventory Info) creation/alteration screen
CTRL + Q
To abandon a form – wherever you use this key combination, it quits that screen without making any changes to it.
At almost all screens in TALLY.
CTRL + R
To repeat narration in the same voucher type
At creation/alteration of voucher screen
CTRL + Alt + R
Rewrite data for a Company
From Gateway of Tally screen
CTRL + S
Allows you to alter Stock Item master
At Stock Voucher Report and Godown Voucher Report
CTRL + U
To select the Units
At Stock Groups/ Stock Categories/ Stock Items/ Reorder Levels/ Godowns/ Voucher Types / Units of Measure ( Inventory Info) creation/alteration screen
CTRL + V
To select the Voucher Types
To toggle between Invoice and Voucher
At Groups/Ledgers/Cost Centres/ Budgets/Scenarios/Voucher Types/ Currencies (Accounts Info) creation and alteration screen
At creation of Sales/Purchase Voucher screen
Special Function Key Combination
Windows
Functionality
Availability
ALT + F1
To close a company
To view detailed report
To explode a line into its details
To select Inventory vouchers to alter
At all menu screens
At almost all report screens
At almost all screens in TALLY
At the Inventory/ Payroll voucher creation or alteration screen.
ALT + F2
To change the period
At almost all screens in TALLY
ALT + F3
To select the company info menu
To create/alter/shut a Company
At Gateway of Tally screen
ALT + F4
To select the Purchase Order Voucher Type
At Accounting / Inventory Voucher creation and alteration screens
ALT + F5
To select the Sales Order Voucher Type
To view monthly and quarterly report
At Accounting / Inventory Voucher creation and alteration screens
At almost all report screens in TALLY
ALT + F6
To select the Rejection Out Voucher Type
To change the Sales Order Voucher Type
At Accounting / Inventory Voucher creation and alteration screens
ALT + F7
To select the Stock Journal Voucher Type
To accept all the Audit lists
At Accounting / Inventory Voucher creation and alteration screens
At TallyAudit Listing screen
ALT + F8
To select the Delivery Note Voucher Type
To view the Columnar report
At Accounting / Inventory Voucher creation and alteration screens
At Ledger Voucher screen
ALT + F9
To select the Receipt Note Voucher Type
At Accounting / Inventory Voucher creation and alteration screens
ALT + F10
To select the Physical Stock Voucher Type
At Accounting / Inventory Voucher creation and alteration screens
ALT + F12
To filter the information based on monetary value
At almost all report screens
Ctrl + F1
To select payroll vouchers for alteration
At the Accounting/Inventory Voucher creation or alteration screen
CTRL + ALT + F12
Advanced Config
At Gateway of Tally
Key Combination used for navigation
Windows
Functionality
Availability
PgUp
Display previous voucher during voucher entry/alter
At voucher entry and alteration screens
PgDn
Display next voucher during voucher entry/alter
At voucher entry and alteration screens
ENTER
To accept anything you type into a field.
To accept a voucher or master
To get a report with further details of an item in a report.
You have to use this key at most areas in TALLY
At the receivables report – press Enter at a pending bill to get transactions relating to this bill (e.g., original sale bill, receipts and payments against this bill, etc)
ESC
To remove what you typed into a field
To come out of a screen
To indicate you do not want to accept a voucher or master.
At almost all screens in TALLY.
SHIFT + ENTER
Collapse next level details
At Voucher Register screen and Trial Balance report
SHIFT + ENTER
To explode a line into its details
In almost all Reports:
At a Group/Stock Group/Cost Category/Godown/Stock Category – displays Sub Groups and Ledgers/Stock Items/Cost Centres/Secondary Godowns/Secondary Stock Categories
At a Voucher – displays its entries and narration
At a Stock Item- displays its godowns and batch details
At Voucher Register screen – displays the next level details
At Trial Balance report - displays the next level details
CTRL + ENTER
To alter a master while making an entry or viewing a report
At voucher entry and alteration screens
At all reports
Posted by Sheikh Vassem Raja at 1:34 AM 0 comments
Labels: Tally Short keys
Monday, March 8, 2010
tally query
Tally the Accounting Software .forevery big and small company
Posted by Sheikh Vassem Raja at 3:26 AM 0 comments
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