123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Service >> View Article

How To Record Gcc Vat Payments?

By Author: Manal
Total Articles: 43
Comment this article

You can record a payment to GCC VAT authorities using a payment receipt or voucher. Other payments made to the authorities, such as interest and penalties can also be recorded using this receipt.

To create a payment voucher

1. Enter Gateway of Tally -> Display -> Statutory Reports -> VAT -> VAT 201.
2. Click: Statutory Payment. In Statutory Payment Details screen,
• Retain or change the Period “From and To” dates.
• Select the Payment Type.
• Accept the screen.
3. Select the bank ledger.
4. Select the VAT ledger. The payable amount appears automatically.
5. Select the other ledgers, as required. To make payments for interest or penalty, select the ledgers that were created to account for these dues. Ensure that these ledgers are grouped under Direct Expenses, Indirect Expenses, or Current Liabilities.
6. Select the type of payment to be made to the GCC VAT authorities.
7. Enter relevant details in the Bank Allocations screen, and press Enter.
8. Accept the voucher.

Similarly, you can record other tax payments to be made to the VAT authorities.

You can enter details of the bank where the payment has been made later, in the Tax Payment Reconciliation report.

For more information, please get in touch with our team of experts on 00966-583117703 or send an email to tally@manalpro.com

Total Views: 28Word Count: 212See All articles From Author

Add Comment

Service Articles

1. Why Mobile Sip Dialer Is So Popular?
Author: sandip Patel

2. How To Develop The Mobile Game ?
Author: Omega Softwares

3. How Transfer Money Online To Another Account?
Author: Omega Softwares

4. How To Find Best Website Design Company
Author: Omega Softwares

5. Ways In Which Erp Eases The Process Of Supply Chain Management
Author: Prudence Technology

6. School Speaker Systems For Effective Control Of Classroom Time Table
Author: Chomkola

7. Advantages Of Hiring Packers And Movers For Home/office Shifting
Author: Srikanth

8. Is Astrology Approach Driven By External Input Or Internal Belief?
Author: Janani Astrology

9. Prefabricated Steel Buildings: Right Where You Need
Author: Priyanka Paul

10. Top 3 Benefits When Installing A Residential Garage Door Opener By Cookson Door Sales In Gilbert, Az
Author: Cookson Door Sales of Arizona

11. For Your Residential Garage Door Installation Trust Only Cookson Door Sales In Phoenix, Az
Author: Cookson Door Sales of Arizona

12. Advantages Of Working Onsite
Author: VertexPlus

13. How To Make Funeral Memorable
Author: Kathlinn

14. What Are The Major Services Of 24/7 Locksmith Miami?
Author: Drew Mcclain

15. Top 5 Trends Of Enterprise Labeling In 2019
Author: Kevin smith

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: