You can account for tax on purchases from unregistered dealers by creating a journal voucher.
To record journal entry to account for input tax adjustment for purchase from URD
1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal.
Note: You can create a journal voucher from Gateway of Tally > Display > Statutory Reports > VAT > select the VAT or CST form.
2. Click J: Stat Adjustment. In the Stat Adjustment screen,
o Select the option VAT in the Type of Duty/Tax field.
o Select the option Tax on URD Purchase in the Nature of Adjustment field.
o Press Enter to return to voucher.
3. Debit a ledger created under Indirect Expenses and enter the value in the Amount field.
4. Credit a VAT ledger created under Duties and Taxes and by selecting Type of duty/tax as VAT.
o Enter the Rate and Assessable Value in the VAT Details screen.
The completed screen appears as shown below:
5. Press Enter to save.
'Recording Input Tax Adjustments for Purchases from URD (Assam)' has been shared with