Recording Purchase - Works Contract (Uttar Pradesh)

In Tally.ERP 9, you can record a works contract transaction using a purchase voucher.

To record a works contract transaction

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

2.     Enter Supplier Invoice No. and Date.

3.     Select the Party's A/c Name.

4.     Select the Purchase Ledger with Purchase - Works Contract as the Nature of transaction.

Note: If purchase common ledger is being used:

§     Click F12: Configure in the invoice and set the option Allow Modification of Tax Details for VAT to Yes.

§     Select Purchase - Works Contract in the VAT Classification Details screen displayed on selecting the common purchase ledger.

5.     Select the stock item, enter the Quantity and Rate. Amount appears automatically.

o      In the Deduction Claimed for Tax Calculation screen, enter the percentage or amount of deduction.

o      Press Enter to save.

6.     Select the VAT and additional tax ledgers.

7.     Click A: Tax Analysis button to display the Tax Analysis screen.

o      Click F1: Detailed button to view the names of stock items. The Tax Analysis screen appears as shown below:

o      Pres Esc to return to purchase invoice screen.

The purchase invoice appears as shown below:

8.     Press Enter to save.