To record transaction of local purchase of Schedule IV Goods
1. Go to Gateway of Tally > Accounting Vouchers > F9: Purchases.
2. Enter Supplier Invoice No. and Date.
3. Select the party ledger in Party's A/c Name option.
4. Select a purchase ledger where:
● Is VAT/CST Applicable is set to Applicable.
● Set/Alter VAT Details is enabled.
● Nature of Transactions is set as Purchase Taxable.
5. Select the stock items that has the following options and enter Quantity and Rate for each stock item.
● Tax rate is specified.
● Tax type set as Taxable.
● Schedule set as Fourth Schedule.
6. Click A: Tax Analysis to display the Tax Analysis screen.
● Click F1: Detailed to view the names of stock items.
The Tax Analysis screen appears as shown below:
The purchase invoice appears as shown below:
7. Press Enter to save.
To record transaction of local purchase exempt for Schedule IV goods
1. Go to Gateway of Tally > Accounting Vouchers > F9: Purchases.
2. Enter Supplier Invoice No. and Date.
3. Select the party ledger in Party's A/c Name option.
4. Select a purchase ledger where:
● Is VAT/CST Applicable is set to Applicable.
● Set/Alter VAT Details is enabled.
● Nature of Transactions is set as Purchase Exempt.
5. Select the stock items that has the following options and enter Quantity and Rate for each stock item.
● Tax Rate is specified as zero.
● Tax type is set to Exempt.
● Schedule is set to SCHEDULE IV.
The purchase invoice appears as shown below:
6. Press Enter to save.
'Recording Purchase of Schedule IV Goods (Assam)' has been shared with
