Purchase from Unregistered Dealer (Karnataka)

Record a transaction for purchase from URDs, and create a journal entry to account for tax on purchase from URDs.

To record a purchase transaction from unregistered dealers

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

2. Click F12: Configure and s et the option Allow modification of Tax Details for VAT? to Yes .

3. Enter the Supplier Invoice No. and Date .

4. Select the supplier ledger in field Party’s A/c Name .

5. Select a common purchase ledger in which the option Is VAT/CST Applicable? is set to Applicable , and Set/Alter VAT Details? is not enabled.

6. Select Purchase From Unregistered Dealer as nature of transaction in the VAT Classifications Details screen , and press Enter .

7. Select the required stock items whose VAT rates are specified either at the stock group or stock item level. Enter the Quantity and Rate .

8. Set the option Provide VAT Details? to Yes / No , as required.

The purchase invoice appears as shown below:

9. Press Enter to save.