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Recording Tax on URD Purchase (Haryana)

You can account for tax on purchases from unregistered dealers by creating a journal voucher.

To record journal entry to account tax on URD Purchase

1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal .

Note: You can create a journal voucher from Gateway of Tally > Display > Statutory Reports > VAT > select the VAT or CST form.

2. Click J : Stat Adjustment .

o Select the option VAT in the field Type of duty/tax .

o Select the option Tax on URD Purchase in the field Nature of adjustment .

o Select Additional Details for the type of adjustment selected.

3. Press Enter to return to voucher.

4. Debit a VAT ledger and enter the Rate , Surcharge Rate and Assessable Value in the VAT Details screen.

5. Debit a surcharge ledger and enter the rate and assessable value in the VAT Details screen.

6. Credit a ledger created under Current Assets , and enter the value in the Amount field.  The completed screen appears as shown below:

7. Press Enter to save.