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Recording Purchase - Works Contract (Assam)

Record purchase works contract details in vouchers with Purchase - Works Contract as the Nature of Transaction . Deduction can be claimed for tax calculation.

To record a works contract transaction

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

2. Click F12: Configure .

3. Enter Supplier Invoice No. and Date .

4. Select the Party's A/c Name .

5. Select Purchase Ledger from the List of Ledger Accounts .

6. Select the Purchase - Works Contract as Classification/Nature in VAT Classification Details screen.

7. Select the stock item, enter the Quantity and Rate .

8. Press Enter to open the Works Contract Details screen.

o Enter Description of Contract , Deduction for Labour Charges , and Other Allowable Deductions .

The Works Contract Details screen appears as shown below:

o Press Enter to save.

9. Select the VAT ledger.

10. Press Esc to return to purchase invoice. The purchase invoice appears as shown below:

11. Press Enter to save.