Purchases Not Taxable Under VAT

Purchases - Exempt

To create a voucher for Purchase of exempt goods,

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

1. Enter the Reference in the Ref field if required

2. Enter the Date of Purchase in the Date field

3. Select the Party’s A/c Name from the List of Ledgers. In case of Cash Purchases being made, select Cash ledger grouped under Cash-in-Hand in the Party A/c Name field

4. Select the required ledger in the Purchase Ledger field, for e.g., Purchases - Exempt

5. Select the VAT/Tax Class as Purchases - Exempt from the List of VAT/Tax Class, if it was not specified while creating ledger

6. Select the required stock item for e.g., Books & Periodicals from the List of Items

7. Enter Narration if required

8. Press Y or Enter to accept and save.

Purchases From Un-registered Dealers

To create a voucher for Purchase of goods from Unregistered dealers,

Go to Gateway of Tally > Accounting Vouchers > F9: Purchase Voucher

1. Enter the Reference in the Ref field if required

2. Enter the Date of Purchase in the Date field

3. Select the Party’s A/c Name from the List of Ledgers. In case of Cash Purchases being made, select Cash ledger grouped under Cash-in-Hand in the Party A/c Name field

4. Select the required ledger in the Purchase Ledger field, for e.g., Purchases From URDs

5. Select the VAT/Tax Class as Purchases - From Unregistered Dealers from the List of VAT/Tax Class, if it was not specified while creating ledger

6. Select the required stock item for e.g., Computer from the List of Items

7. Enter Narration if required

8. Press Y or Enter to accept and save.

Purchases - Imports

In F11: Features > F1: Accounting Features, set Allow Multi-Currency to Yes

Create a foreign currency RM (Malaysian Ringgit)

To create a voucher for Import of goods,

Go to Gateway of Tally > Accounting Vouchers > F9: Purchase Voucher

1. Enter the Reference in the Ref field if required

2. Enter the Date of Purchase in the Date field

3. Select the Party’s A/c Name from the List of Ledgers. In case of Cash Purchases being made, select Cash ledger grouped under Cash-in-Hand in the Party A/c Name field

4. Select the required ledger in the Purchase Ledger field, for e.g., Imports

5. Select the VAT/Tax Class as Imports from the List of VAT/Tax Class, if it was not specified while creating ledger

6. Select the required stock item for e.g., Air Conditioners from the List of Items

7. Enter the Quantity. Enter the Rate as RM 8.46

8. In the Forex Rate of Exchange screen, enter the Rate of Exchange as shown:

8. Enter Narration if required

9. Accept the Purchase invoice.

Similarly, create a purchase invoice using Purchases - Others as the VAT/Tax Classification.