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Purchase from unregistered dealer
Journal entry to account for purchase tax
To record a purchase transaction from URDs
1. Go to Gateway of Tally > Accounting Vouchers > F9: Purchases.
2. Click F12: Configure and enable the relevant option.
In the Voucher Configuration screen,
● Set the option Allow modification of Tax Details for VAT? to Yes.
● Press Ctrl+A to save and return to invoice.
3. Enter the Supplier Invoice No. and Date if any.
4. Select the party ledger in Party's A/c Name option.
5. Select a common purchase ledger in which the option Is VAT/CST Applicable is set to Applicable, and Set/Alter VAT Details is disabled.
o Select Purchase From Unregistered Dealer as Classification / Nature in the VAT Classifications Details screen.
o Press Enter to save.
6. Select the required stock item. Enter Quantity and Rate. The purchase invoice appears as shown below:
7. Press O to consider the nature of transaction selected in the invoice and save.
To create tax liability on purchase from unregistered dealers
1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal.
2. Click J: Stat Adjustment to enable the required options in the Stat Adjustment Details screen.
In the Stat Adjustment Details screen,
● Select Type of duty/tax as VAT.
● Select Tax on URD Purchase, as the Nature of Adjustment.
3. Debit the expense ledger.
4. Enter the amount.
5. Credit the VAT ledger. Enter the VAT Details as shown below:
6. Credit the surcharge ledger and enter the VAT Details. The journal voucher appears as shown below:
7. Press Enter to save.
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