Type search words and press enter
Seamless e-invoicing is now at your fingertips. Check out our self-help videos.
https://help.tallysolutions.com/docs/te9rel49/Value_Added_Tax/Regular_VAT/Purchase_Invoice.htm

Purchase Invoice

 

To create purchase invoice for purchase of taxable goods,

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

Press F12: Configure and set Use Common Ledger Account for Item Allocation to No.

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

  2. Select the stock items from the List of Items

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

  4. In the Accounting Details screen, select the purchase ledger with the required VAT/tax class.

  5. On selecting the purchase ledger predefined with VAT/Tax class, the same will be displayed in Accounting Details screen. Else, the VAT/Tax class has to be selected if it is not predefined in the purchase ledger master. On selecting Not Applicable in VAT/Tax class field, the error message is displayed as - VAT/Tax Classification not Selected.

  6. Select an expense ledger grouped under Direct Expenses by setting the option Use for Assessable Value Calculation to Yes with the Method of Apportioning to be made, Based on Value. Enter the expense amount.

  7. Select the appropriate Input VAT ledgers from the List of Ledger Accounts. The amount of Input VAT gets calculated on the aggregate of assessable value and the amount apportioned for the expense ledger.

  8. Set Is e-Sugam Applicable to Yes.

Note: The Commercial Taxes Department of Karnataka has introduced e-Sugam to upload the transportation details of notified goods before the movement of such goods. Set the option - Is e-Sugam Applicable to Yes on purchase of Notified Goods else set it to No.

  1. The e-Sugam sub-screen will be displayed for entering the details pertaining to:

  2. Invoice Delivery Date: The invoice date will be captured here.

  3. From Place: Enter the place from where the goods are despatched.

  4. To Place (Destination): Enter the name of place where the goods are to be delivered.

  5. Category of Transactions: The category of transactions as listed in the e-Sugam entry form in the Department website gets displayed as list of VAT Category Type. Select the required category based on the nature of transaction.

  1. Document Type: Based on the Category of transaction selected the Document Type gets displayed in this field. On selecting the following category, two document types get displayed for selection. The required document needs to be selected here:

  2. For the category - V-G  For Jobwork/Return After Jobwork/Line Sale, the Document types - LJV Consignment for Sale (Receipts) and OTH Others get listed.

  3. For the category - V-K  Others, the Document types - LJV Consignment for Sale (Receipts) and  OTH Others get listed.

  4. Transporter Name (Carries Name / Agent): Enter the name of transport service used by seller to despatch goods.

  5. Vehicle Number (Despatch through): Enter the Vehicle Number here.

  6. Bill of lading/LR-RR No.: Enter the bill of lading/LR-RR number

  7. Quantity with Units: The quantity entered for each stock item will be captured along with the respective unit of measurement.

  8. e-Sugam Number: The unique number displayed in the e-Sugam acknowledgement obtained on uploading dealer TIN with the transportation details before despatch of these goods needs to be entered here. The seller of goods will inform the number to the purchaser.

  1. Press Enter to return to purchase invoice creation screen.

  2. Set Show Statutory Details field to Yes if you want to view the purchase details with the tax break-up.

  1. Press Enter to view the Statutory Details screen

  2. Press Alt+F1 to view purchase value and tax break-up in detailed mode. The value of expense ledger is apportioned to the item value. The input VAT is calculated on the apportioned amount.

  1. Accept the Statutory Details screen and the purchase invoice.

 

Mail this article