Implementation of Excise for Dealers in Tally.ERP 9 for Dealers... · PDF...

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  • Implementation of Excise for Dealers in Tally.ERP 9

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    Version: Implementation of Excise for Dealers in Tally.ERP 9/Release 3.1/April 2011

  • Contents

    IntroductionBasic Concepts in Excise Duty ................................................................................................................................. 1

    Excisable Goods ..................................................................................................................................................... 1Dealer of Excisable Goods ........................................................................................................................................ 1First Stage Dealer ....................................................................................................................................................... 2Second Stage Dealer ................................................................................................................................................... 2Registration of Dealers ............................................................................................................................................... 3CENVAT Credit .......................................................................................................................................................... 3

    Purchases from Manufacturer ................................................................................................................................ 4Purchases from a Agent of Manufacturer ............................................................................................................... 5Purchases from Importer ........................................................................................................................................ 5Purchases from First Stage Dealer ........................................................................................................................ 6Purchases from Second Stage Dealer ..................................................................................................................... 6

    Salient Features of Dealer Excise Compliant Tally.ERP 9 ................................................................................. 7

    Lesson 1: Enabling Dealer Excise in Tally.ERP 91.1 Enabling Excise in Tally.ERP 9 ..................................................................................................................... 8

    1.1.1 Create Company ........................................................................................................................................... 81.1.2 Enable Excise ................................................................................................................................................ 91.1.3 Enable VAT ................................................................................................................................................. 12

    Lesson 2: Creation of Masters2.1 Sales and Purchase Ledgers ............................................................................................................................ 142.2 Duties & Taxes Ledger ................................................................................................................................... 172.3 Party Ledgers ................................................................................................................................................... 202.4 Tariff Classification ......................................................................................................................................... 242.5 Stock Items ....................................................................................................................................................... 252.6 Creating Excise Voucher Type ...................................................................................................................... 33

    Lesson 3: Dealer Excise Opening Stock3.1 Accounting Excise Opening Stock ................................................................................................................ 38

    Lesson 4: Transactions4.1 Purchase of Excisable Goods ......................................................................................................................... 48

    4.1.1 Purchases from a Manufacturer ................................................................................................................. 484.1.2 Purchases from Agent of a Manufacturer (Consignment Agent) ............................................................... 554.1.3 Purchase from First Stage Dealer .............................................................................................................. 594.1.4 Purchase From Agent of Manufacturer ...................................................................................................... 634.1.5 Purchase from Manufacturer Depot ........................................................................................................... 674.1.6 Purchase From Agent of Dealer ................................................................................................................. 71

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  • Contents

    4.1.7 Selection of Same Item Multiple Times in Excise Purchase .................................................................764.2 Sale of Excisable Goods ...........................................................................................................................82

    4.2.1 Excise Sales (Excise Invoice) ................................................................................................................834.2.2 Excise Invoice without Supplier Trader Information ...........................................................................904.2.3 Excise Invoice cum Commercial Invoice ..............................................................................................924.2.4 Commercial Invoice ..............................................................................................................................964.2.5 Sale of Goods Purchased Form Agent of Manufacturer ....................................................................1004.2.6 Sale of Goods Purchased from Manufacturer Depot .........................................................................1034.2.7 Sales of Goods Purchased From Agent of Dealer .............................................................................. 1064.2.8 Sale of Goods Purchased from Agent of Manufacturer (Consignment Agent) .................................. 1094.2.9 Selection of Same Item Multiple Times in Excise Sales ...................................................................... 112

    4.3 Customs Clearance ...................................................................................................................................1164.3.1 Full clearance of Imported Goods ...................................................................................................... 1164.3.2 Partial Clearance of Imported Goods ................................................................................................ 1204.3.3 Conditional Pass on of Special AED of CVD ...............................................