With Tally.ERP 9, you can record purchases that are taxable. Local purchases of stock items with multiple VAT rates can be done by selecting a common purchase ledger where VAT is set to Applicable.
To record local purchase of items with multiple VAT rates
1. Go to Gateway of Tally > Accounting Vouchers > F9: Purchases.
2. Enter Supplier Invoice No. and Date.
3. Select the party ledger in Party's A/c Name option.
4. Select a common purchase ledger in which the option Is VAT/CST Applicable is set to Applicable, and Set/Alter VAT Details is disabled.
6. Select the common VAT ledger.
Ledger must be grouped under Duties & Taxes in which the options:
o Type of Duty/Tax is set to VAT.
o Use for Purchase Tax is disabled.
o Percentage of Calculation is set to ‘0’.
7. Click A: Tax Analysis button to display the Tax Analysis screen.
8. Click F1: Detailed button to view the names of stock items.
The Tax Analysis screen appears as shown below:
9. Press Esc to return to purchase invoice.
The purchase invoice appears as shown below:
10. Press Enter to save.
'Recording Taxable Purchases (Telangana)' has been shared with