To create a Purchase ledger:
Go to Gateway of Tally > Accounts Info. > Ledgers > Create
Enter the Name of the ledger, for e.g., Purchases @ 15% – Goods
Select Purchase Accounts as the group name in the Under field
Set Inventory values are affected to Yes (This field appears only in case of Accounts with Inventory companies)
Set the option Used In VAT Returns to Yes. The VAT/Tax Class sub screen is displayed.
Select the VAT/Tax classification - Purchases @ 15% from the list of VAT/Tax Class. The list consists of purchase classifications applicable to Bangladesh.
Press Enter to return to the Purchase Ledger creation screen
Press Y or Enter to accept and save the screen
Similarly, create a ledger for purchase of services by selecting Purchases @ 15% – Services as the VAT/Tax Class.
Note: The purchase of both goods and services are taxable at a fixed rate of 15%.
'Purchase Ledger' has been shared with
