How to generate VAT Computation Statement from Tally?
VAT Computation Statement-
VAT Computation is the summary report of all transactions related to VAT.
Select Display→ Statutory Reports→ VAT Reports→ VAT Computation
The report is primarily is split into 2 sections, namely Sales & Purchases. Particulars of Output tax appears under Sales while Input tax under Purchases.
VAT Return-
The periodical VAT return forms can be accessed through the Tally. The Statutory return forms for each state varies and the Tally produces the return form applicable for the state.
Display→ VAT Reports→ VAT Forms→ VAT Return
