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Recording Sales - Works Contract (Haryana)

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.