Purchase with Additional Ledger (Karnataka)

You can record purchases with additional ledgers (expense/income).

To record purchases with additional (expense/income) ledgers

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

2. Click F12: Configure .

3. Enter Supplier Invoice No. and Date in the purchase invoice.

4. Select the supplier ledger in the 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 the stock items whose VAT rates are specified either at the stock group or stock item level. Enter Quantity and Rate .

7. Enter the percentage or amount of discount in the field Discount .

8. Select the discount ledger in which the option Type of Ledger is set as Discount (ensure the options Is VAT/CST Applicable and Include in assessable value calculation are set to Not Applicable ) and enter the value.

9. Select the VAT ledger.

10. Click A : Tax Analysis to view the Tax Analysis screen.

o Click F1 : Detailed to view in detailed mode. The Tax Analysis screen appears as shown below:

o Press Esc to return to purchase invoice.

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

The purchase invoice appears as shown below:

12. Press Enter to save.