In the F12: Configuration of Stock item master, ensure the option - Calculate VAT on MRP/Marginal to Yes.
To create a Purchase invoice with MRP,
Go to Gateway of Tally > Accounting Vouchers > F9: Purchase
Enter the reference number in the Ref. field.
Select the Party’s A/c Name from the List of Ledger Accounts.
Select the Purchase Ledger with the required taxable VAT/Tax Class.
The VAT/Tax class appears as defined in Purchase ledger master.
Select the stock item from the List of Items and enter the Quantity and Rate. The amount is automatically displayed in the Amount field.
Enter the rate in MRP/Marginal field.
Select the required Input VAT ledger from the List of Ledger Accounts.
The input VAT gets calculated based on the MRP entered for the stock item.
Set Is e-Sugam Applicable to No.
Press Y or Enter to accept and save.
'Purchases on MRP' has been shared with
