To record journal entry to account tax on URD Purchase
1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal.
2. Click J: Stat Adjustment button.
3. Select the option VAT in the Type of duty/tax field.
4. Select the option Tax on URD Purchase in the Nature of adjustment field.
5. Press Enter to return to voucher.
6. Debit a VAT ledger created under the Duties and Taxes by enabling the option Use for Purchase Tax?, after selecting Type of duty/tax as VAT.
o Enter the rate and assessable value in the VAT Details screen.
7. Credit a ledger created under Current Assets, and enter the value in the Amount field. The completed screen appears as shown below:
8. Press Enter to save.
'Tax on Purchases from URDs (Andhra Pradesh)' has been shared with
