Purchases – Exempt

To create the Voucher for Purchase of Exempt goods:

Go to Gateway of Tally > Accounting Vouchers > F9: Purchases

1. Enter the reference number in the Ref field. The invoice date will automatically be entered in the Date field and this can be changed if required.

2. Select the Party’s A/c Name from the List of Ledger Accounts.

3. Select the purchase ledger grouped under Purchase Accounts with VAT/tax class - Purchases – Exempt.

4. The VAT/Tax Class appears as Purchases – Exempt.

5. Select the Name of Item from the List of Items.

6. Enter the Quantity and Rate. The amount is automatically displayed in the Amount field.

7. Enter the details in the field Narration, if required.

8. Press Y or Enter to accept and save.

Note: The value of exempt goods purchased using the VAT/Tax Class - Purchases – Exempt will be captured in Box 14 under Purchase Value column of MUSAK–19.The purchase value with transaction details will also be captured in Annexure MUSAK–16 and MUSAK–18.