To record sales for works contract, you can set up the nature of transaction as Sales - Works Contract. You also need to provide the necessary details for the works contact to record the transaction.
To record a works contract transaction
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales
2. Select the Party's A/c Name.
3. Select the sales ledger with Sales - Works Contract as the nature of transaction.
o If the sales ledger is predefined with this nature of transaction, it need not be selected in the invoice.
o If common ledger is being used, click F12: Configure in the invoice and set the option Allow Modification of Tax Details for VAT to Yes.
4. Select the stock item and enter the amount. The Works Contract Details screen appears.
o Enter the required details in the Works Contract Details screen.
o Press Enter to return to voucher screen.
5. Select the VAT ledger.
6. Select the surcharge ledger.
7. Enter Narration, if any.
The sales invoice appears as shown below:
8. Press Enter to save.
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