Tally 9 - FAQs on Excise for Dealers

Tally 9 – FAQs on Excise for Dealers

Q1. How do I enable Excise for Dealers in Tally 9?

Answer:

Go to Gateway of Tally > F11: Features > F3: Statutory & Taxation

1. Set Enable Dealer - Excise to Yes

2. Set Set/Alter Dealer - Excise to Yes

3. Specify Company Excise Details in the sub-screen that displays

Q2. Can I create Purchase and Sales vouchers for Non-Excisable goods also?

Answer:

Yes. You can use the default Sales and Purchase Voucher types available in Tally to enter purchase and sales vouchers for Non-Excisable goods.

Q3. How do I account for Sales / Purchase transactions of Excisable goods?

Answer:

To issue Cenvatable Invoices on sale / removal of excisable goods, a dealer in excisable goods is required to create separate Voucher Types (such as, Excise Purchase and Excise Sales) and set Use for Dealer Excise to Yes.

Q4. How do I enter Excise Details for Supplier and Customer ledgers?

Answer:

To enter Excise details in Supplier and Customer ledgers, set the option Excise Details to Yes in the Supplier/ Customer master creation screen

1. Enter Customer/ Supplier related excise information

Q5. How do I enter Excise Details for a Stock Item?

Answer:

Go to Gateway of Tally> Inventory Info. > Stock Item> Create/Alter

1. Set Excise Details to Yes in the Stock Item Master Creation screen

2. In the sub-screen of the stock item, fill in the relevant Excise Details such as Tariff classification, applicable duties of Excise and Method of calculation

Q6. Can I define the stage of purchase at the time of purchase entry?

Answer:

Yes. During purchase entry, the Nature of Purchase table displays the user-definable default nature of purchase stipulated in the Party Master. Nature of Purchase is based on the status of the selling dealer (supplier) or the stage of sale of excisable goods.

Q7. Can Purchase value and Assessable value be different?

Answer:

Yes. While creating an Excise Purchase Invoice, at the Excise Details for sub-screen, the Assessable value entered in the amount column is prefilled by default. However, it is undefinable if the Assessable Value is different from the Purchase value.

Q8. How do I refer to Purchases with CENVAT Credit availability while passing excise duty in a Sales invoice?

Answer:

On selecting a Stock Item while creating an Excise invoice,, a list of Purchase invoices against which the Stock item was purchased and for which the CENVAT Credit is available displays. Select the required Purchase reference to pass on the credit.

Q9. How do I print Supplier and Manufacturer details in an Excise invoice?

Answer:

In the print configuration for the Sales invoice, click F12: Configure and set Print Trader Supplier Info to Yes to print Supplier and Manufacturer details in an Excise invoice.

Q10. How do I view the Excise Stock Register?

Answer:

To view the Excise Stock Register,

Go to Gateway of Tally > Display > Statutory Reports > Dealer Excise

Reports > Excise Stock Register

Q11. How do I view the Excise Purchase Bill Register?

Answer:

To view the Excise Purchase Bill Register,

Go to Gateway of Tally > Display > Statutory Reports > Dealer Excise Reports > Excise Purchase Bill Register

Q12. How do I view Form-2 (Statutory Quarterly Return) in Tally?

Answer:

To view Form-2 (Quarterly Return),

Go to Gateway of Tally > Display > Statutory Reports > Dealer Excise Reports > Form-2

Q13. How do I enter PLA RG 23 Serial Number in Tally?

Answer:

In the Excise Details sub screen of a Purchase Voucher, enter the (PLA RG 23) Serial number recorded in the Manual Purchase register to print it against the Supplier/Manufacturer Invoice number. Follow the same procedure in a Sales Invoice.

Q14. How do I enter Opening stock inventory for Excise item?

Answer:

Go to Gateway of Tally > Inventory info > Excise Opening Stock to enter

opening stock for an Excise Item.

Q15. How do I find out Total duty passed on and Balance duty available

Item wise or purchase bill wise?

Answer:

Go to Gateway of Tally > Display > Statutory Reports > Dealer Excise

Reports > Excise Stock register/Excise Purchase Bill Register to obtain the

Item wise/Purchase bill wise amount of duty passed and balance duty available.