Type search words and press enter

Recording Sales - Works Contract (Goa)

Record sales works contract details in vouchers with  Sales - 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 > F8: Sales > Tax Invoice .

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

3. Select the Sales Ledger with Sales - Works Contract as the Classification/Nature .

4. Select the stock item, enter amount.

5. Enter the percentage or amount of deduction in the Deduction Claimed for Tax Calculation screen as shown below:

6. Select the VAT ledger.

7. Click A : Tax Analysis to display the Tax Analysis screen.

8. Click F1 : Detailed to view the names of stock items in Tax Analysis screen.

9. Press Esc to return to sales invoice. The sales invoice appears as shown below:

10. Press Enter to save.

See Also

Creating a tax invoice voucher type