Recording Purchase of Fourth Schedule Goods (Assam)

To account purchases of non-creditable goods, create invoices with Non Creditable Purchase - Special Goods as nature of transaction.

To record transaction for purchase of non-creditable Fourth Schedule goods

1.     Go to Gateway of Tally > Accounting Vouchers > F9: Purchases.

2.     Enter Supplier Invoice No. and Date.

3.     Select the party ledger in the field Party's A/c Name.

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 Non-Creditable Purchase Special Goods.

5.     Select the stock items that have the following options, and enter Quantity and Rate for each stock item.

●      Calculation Type is set as On Value.

●      Tax rate is specified.

●      Tax type is set as Taxable.

●      Schedule is set as Fourth Schedule.

6.     Click A: Tax Analysis to display the Tax Analysis screen.

●      Click F1: Detailed to view the name of stock items. The Tax Analysis screen appears as shown below:

The purchase invoice appears as shown below:

7.     Press Enter to save.

Purchase Exempt for Fourth Schedule Goods

To record transaction for local purchase exempt for Fourth Schedule goods

1.     Go to Gateway of Tally > Accounting Vouchers > F9: Purchases.

2.     Enter Supplier Invoice No. and Date.

3.     Select the party ledger in the field Party's A/c Name.

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 have 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 Fourth Schedule.

The purchase invoice appears as shown below:

6.     Press Enter to save.