Visual Catpro
   
To implement Entry Tax :

1.      Open an A/c  'Entry Tax Paid' in F.A.Master
2.      Press 'F5: VAT Class' option in Bottom Button bar in Master Updation Module.
3.      Attach Vat Class 'Entry Tax' with this account as shown below:

graphic


Any amount debited in this account shall be shown at S.No. 4 (g) ( Add : Any other ITC, Please specify ) of Form VAT-15. It shall increase the net input tax credit available.

In Form VAT-16 Entry tax will be shown as a note below the Net Tax Payable details. Net Tax Payable shall be reduced by Entry Tax Paid.