How to send zero value Tax in Tally for Vat Computation and Vat Return?

Answer:

In order to send zero value Tax in tally to reflect in Vat Computation & Vat Return Report, use the steps given below…

You have to create a Journal entry in Tally.

1. In Tally we have to create a Journal Voucher Type with Class say Vat
2. Adjustment with ‘Use for Vat Adjustment = Yes’
3. Create a Ledger ‘Sale Exempt’ under ‘Sales Account’ with ‘Use in Vat Return = Yes’
4. At month end find the Assessable Value for ‘NONE’ Tax from RanceLab Software
5. Make a Journal entry for that amount as…

Sales a/c Dr
To Sale Exempt A/c Cr
With vat class Sale Exempt.