Features of VAT in Tally
VAT is completely integrated with Tally. The VAT functionality in Tally supports the following features, making it easier for computation:
| • | Quick & easy setup |
| • | Fast & error-free voucher entry |
| • | Pre-defined list of sales & purchase classifications |
| • | Complete tracking of each transaction till annual returns |
| • | Printing of Tax invoice |
| • | VAT computation report |
| • | Better VAT-returns management |
| • | Monthly Return |