Did you know that you can provide the opening balance for Input Tax Credit of a new Company?

July 27, 2010 by
Filed under: Tally ERP 9 

Did you know that you can provide the opening balance for Input Tax Credit of a new Company?

Yes, it is possible to provide the Opening Balance for Input Tax Credit in a newly created company by giving the amount in the Opening Balance field followed by Dr for the Input VAT Ledger grouped under Duties & Taxes and Type of Duty/Tax as VAT. The opening balance will be displayed in the VAT Computation and the respective Forms. Selection of Vat/Tax class is optional.

 

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3 Comments on Did you know that you can provide the opening balance for Input Tax Credit of a new Company?

  1. VIDYA on Thu, 19th Aug 2010 12:33 pm

    2. how can we transfer tha data in the taly to exel sheet

  2. pankaj on Tue, 8th Feb 2011 5:51 pm

    3. how can we transfer tha data in the taly to exel sheet

  3. Rajkumar Dass on Thu, 10th Feb 2011 5:13 pm

    4. how can we transfer tha data in the taly to exel sheet

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