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https://help.tallysolutions.com/docs/te9rel51/Tax_International/Botswana/Taxable_Purchases.htm

Purchases

The Value Added Tax is payable at the rate of 12% on all purchases made from Registered Persons.

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

In F12: Purchase Invoice Configuration, set the options as given below:

  • Use Common Ledger A/c for Item Allocation to Yes as single classification is selected for all stock items.

  • Allow selection of VAT/Tax Class during entry to No as the VAT/Tax class is defined in the ledger master and need not be selected again while invoicing.

Purchase Invoice without Additional Ledger

  1. Enter the Supplier Invoice number and date.

  2. Select Letsego Trading Limited in the Party’s A/c Name field from the List of Ledger Accounts.

  3. In the Party Details screen, enter/modify the required details.

  4. Select Purchase Ledger grouped under Purchase Accounts and predefined with VAT/Tax class - Purchases @ 12%.

  5. On selecting the Purchase @ 12% ledger, the VAT/Tax Class - Purchases @ 12% appears as it is defined in the ledger master.

  6. Select the Name of Item from the List of Items.

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

  8. Similarly select the required stock item, enter the Quantity and Rate. The amount is automatically displayed in the Amount field.

  9. Select the input VAT ledger with VAT/Tax class - Input VAT @ 12%. The value will be automatically calculated.

  10. The field Show Statutory Details will be set to No which can be enabled to view the breakup of assessable value and tax amount.

  1. Press Y or Enter to accept the Purchase Invoice.

Purchase Invoice with Apportioned Expenses

  1. Enter the Supplier Invoice number and date.

  2. Select Letsego Trading Limited in the Party’s A/c Name field from the List of Ledger Accounts.

  3. In the Party Details screen, enter/modify the required details.

  4. Select Purchase Ledger grouped under Purchase Accounts and predefined with VAT/Tax class - Purchases @ 12%.

  5. On selecting the Purchase @ 12% ledger, the VAT/Tax Class - Purchases @ 12% appears as it is defined in the ledger master.

  6. Select the Name of Item from the List of Items.

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

  8. Similarly select the required stock item, enter the Quantity and Rate. The amount is automatically displayed in the Amount field.

  9. Select Packing Material Ledger (grouped under Direct/Indirect Expenses by setting - Used in VAT Returns to No and Use for Assessable Value Calculation to Yes. Select the Method of Calculation as Based on Value).

  10. Select the input VAT ledger with VAT/Tax class - Input VAT @ 12%. The value will be automatically calculated.

  11. Set the field Show Statutory Details to Yes to view the breakup of assessable value with apportionment of expenses and tax amount.

  1. The Statutory Details screen gets displayed. Press F1: Detailed button (Alt+F1) to view the detailed screen as shown:

  1. Press Y or Enter to accept the Purchase Invoice.

Note: The gross assessable value of purchases recorded using the VAT/Tax class - Purchases @ 12% is captured in Standard Rate column of box 10. The input tax entered using the VAT ledger predefined with VAT/Tax class - Input VAT @ 12% gets displayed in Total Input Tax Claim column.

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