A- Enabling Excise in Tally.ERP 9
B- Excise transactions to generate G.A.R.-7
1. Excise Purchases (Purchase of Raw Materials)
Step-1. Create Masters
i. Party Ledger
ii. CENVAT Type Duty Ledgers
a. Basic Excise Duty (CENVAT)
b. Education Cess (CENVAT)
c. Secondary Education Cess (CENVAT)
iii. Purchase Ledger
Step-2. Create Excise Purchase Voucher Type
Step-3. Create Tariff Classification
Step-4. Create Stock Item
Step-5. Record a Excise Purchase Voucher
- Availing CENVAT Credit on Purchases
Step-1 : Create Voucher Class in Debit Note Voucher
Step-2 : Record a Debit Note Voucher
- Manufacture of Finished Goods
Step-1 : Create Manufacturing Journal Voucher Type
Step- 2: Create stock Item
Step- 3 : Record a Manufacturing Journal
- Excise Sales
Step-1 : Create Masters
i. Customer Ledger
ii. Sales Ledger
iii. VAT Duty Ledger
Step- 2 : Create Excise Voucher Type
Step-3 : Record a Excise sales voucher
Printing Excise Sales Invoic
- Adjustment of CENVAT Credit availed against the Duty Payable.
Step-1 : Create Voucher Class in Journal Voucher
Step- 2 : Record a Journal Voucher
- Payment of Excise Duty
7. Generating G.A.R.- 7
|
