Purchase with Transfer of Right to Use (VAT)

You can record purchases by selecting the nature of transaction Purchase Transfer of Right to Use .

This nature of transaction is provided for Odisha and West Bengal.

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

2. Enter the Supplier invoice no. and Date .

3. Select the party ledger in the field Party's A/c Name .

4. Select the purchase ledger grouped under Purchase Accounts with the Nature of transaction set to Purchase Transfer of Right to Use , and predefined with the applicable tax rate.

5. Select the stock item. Enter the Quantity and Rate . In the VAT Details screen:

● Enter the details as shown below:

Note: The above screen appears only when the State is selected as West Bengal in the Company VAT Details screen.

● Press Enter to accept and return to the purchase invoice.

6. The purchase invoice appears as shown below:

7. Press Enter to save.

The value of this transaction gets captured in the relevant fields of state-specific VAT/CST forms and annexures.