How to Convert Input Tax to Output Tax in Tally

 "Dear sir,
My name is mohammed shani, works in saudi arabia. My question is,  "How we can convert Input tax to output tax in tally?"  As you know both accounts are in one group "" taxes&Duties"" and I am totally puzzled.....

In a simple way of saying I have an out put tax amounts 1000 and I have to pay input tax as 750 . the balance amount, which is 250 I have to convert to output tax..Kindly advise me.

Mohammed shani palasser from Saudi arabia

Mohammed shani! If we pass the correct voucher entry of input vat with purchase of goods and output vat with sales. Tally will calculate automatically balance amount. In your word, it is the conversion of input tax to output tax. For getting this report, you need to go to display and then go to statutory reports. In statutory report, you have to open VAT report. In VAT report, you will see balance amount of tax which you have to pay.


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Svtuition: How to Convert Input Tax to Output Tax in Tally
How to Convert Input Tax to Output Tax in Tally
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