https://help.tallysolutions.com/docs/te9rel60/Tax_India/VAT/Punjab/PB_Pur_Capital_Goods.htm

Recording Purchase of Capital Goods (Punjab)

You will need to record the purchase of capital goods in the course of your business. These purchases may be taxable or exempt. You can record the transaction for purchase of capital goods - taxable or exempt - in Tally.ERP 9.

On this page:

Purchase of capital goods - taxable

Purchase of capital goods - exempt

Capital Goods Attracting VAT

To record purchase of capital goods attracting VAT

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

2.    Press Ctrl+V to display the voucher mode.

3.    Click F12: Configure and enable the relevant option to view ledger grouped under Fixed Assets.

4.    Enter Supplier Invoice No. and Date in the purchase voucher.

5.    Credit the party ledger, and enter the amount.

6.    Debit the capital goods ledger.

7.    Debit the VAT ledger. Enter the VAT Details as shown below:

8.    Debit the surcharge ledger. Enter the information in the VAT Details screen.

9.    Enable the option Provide VAT Details?, and enter the additional purchase details.

10.  Press Enter to save. The purchase voucher appears as shown below:

11.  Press Enter to save.

Capital Goods Exempt from VAT

To record purchase of capital goods which are exempt from VAT

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

2.    Press Ctrl+V to display the voucher mode.

3.    Click F12: Configure and enable the relevant option to view ledger grouped under Fixed Assets.

4.    Enter Supplier Invoice No. and Date in the purchase voucher.

5.    Credit the party ledger, and enter the amount.

6.    Debit the capital goods ledger.

7.    Enable the option Provide VAT Details?, and enter the additional purchase details.

The purchase voucher appears as shown below:

8.    Press Enter to save.