You can record transactions for purchases from unregistered dealers, and record tax paid on purchases from URD in Tally.ERP 9.
On this page:
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 Allow modification of Tax Details for VAT? to Yes.
● Press Ctrl+A to accept 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, as shown below:
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 override with 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.
'Recording Purchases from URD and Accounting for Purchase Tax (Punjab)' has been shared with
