Creating Voucher Types

Creating a Tax Invoice

Create a Tax Invoice Voucher Type before creating the invoices. All the taxable sales entries need to be entered in Tax invoice to generate the Challanpatra in the prescribed format of MUSAK - 11.

To create a Tax Invoice Voucher Type:

Go to Gateway of Tally > Accounts Info. > Voucher Types > Create

  1. Enter the Name of the Voucher Type, for e.g., Tax Invoice

  2. Select the Type of Voucher, for e.g., Sales from the List of Voucher Types

  3. In the Abbr. field, you may abbreviate the voucher type as per your requirement or retain the same

  4. Select the Method of Voucher Numbering as Automatic

  5. Set Print after saving Voucher to Yes or No as applicable

  6. Set Use for POS Invoicing to Yes or No as applicable

  7. Enter the Default Print Title as TAX INVOICE

  8. Enter Default Jurisdiction, if any

  9. Set the field Is Tax Invoice to Yes

  1. Press Y or Enter to accept and save the Tax Invoice

Note: In the sales voucher type, only when the option Is Tax Invoice is set to Yes, the invoice can be printed in the prescribed format of MUSAK-11.

 

Creating a Retail Invoice

The regular sales voucher type can be used for recording all sales transactions which do not include the tax element and also generate the challanpatra in the format of MUSAK-11A. In case where a separate retail invoice is required for identifying the non-taxable entries, retail invoice voucher type can be created.

To create the Retail Invoice Voucher Type:

Go to Gateway of Tally > Accounts Info. > Voucher Types > Create

  1. Enter the Name of the Voucher Type, for e.g., Retail Invoice

  2. Select the Type of Voucher, for e.g., Sales from the List of Voucher Types

  3. In the Abbr. field, you may abbreviate the voucher type as per your requirement or retain the same

  4. Select Automatic for the Method of Voucher Numbering

  5. Set Print after saving Voucher to Yes or No as applicable

  6. Set Use for POS Invoicing to Yes or No as applicable

  7. Enter the Default Print Title as RETAIL INVOICE

  8. Enter Default Jurisdiction, if any

  9. Set Is Tax Invoice to No

  1. Press Y or Enter to accept and save

Note: The regular sales invoice or the aforesaid retail invoice can be printed in the prescribed format of MUSAK-11A.

 

Altering a Tax Invoice to Create Voucher Class

To create a VAT Adjustment Class for Tax Invoice:

Go to Gateway of Tally >Accounts Info. > Voucher Types > Alter > Tax Invoice

  1. Enter the Name of Class as VAT EXCLUSIVE

  1. Press Enter to go to the next screen

  2. Go to Default Accounting Allocations for each Item in Invoice section. Select appropriate names and values under the columns Ledger Name, VAT/Tax Class, Percentage %, Rounding Method, Rounding Limit

  3. Under the column Override using Item Default?, select the option Yes or No as required. Setting Override using Item Default? to Yes, you can use Sales and Output VAT Ledgers as specified in the Stock Item

  4. Set the option Default Accounting Allocations for to Not Applicable (Refer to Voucher Class - Allocation of Stock Item for the usages of this option)

  1. Press Enter to return to the Voucher Type Creation screen

  2. Accept the tax invoice voucher type