https://help.tallysolutions.com/docs/te9rel63/Tax_India/VAT/Karnataka/Purchase_Ledgers_Kar.htm

Creating Purchase Ledgers (Karnataka)

You can create purchase ledgers and define the nature of transactions using the procedure in this topic.

To create a common purchase ledger

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .

2. Enter the Name of the purchase ledger.

3. Select Purchase Accounts in the Under field.

4. Set the option Inventory values are affected? to Yes .

5. Set the option Type of Ledger? to Not Applicable .

Note: To create a discount ledger, group the ledger under Direct/Indirect Expenses, and select the Type of Ledger as Discount.

6. Set Is VAT/CST Applicable? to Applicable .

7. Press Enter to skip the field Set/Alter VAT Details? .

The Ledger Creation screen is displayed as shown below:

8. Press Enter to save.

To create a ledger defined with Nature of Transaction and tax rate

1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create .

2. Enter the Name of the purchase ledger.

3. Select Purchase Accounts in the Under field.

4. Set the option Inventory values are affected? to Yes .

5. Set the option Type of Ledger? to Not Applicable .

6. Set Is VAT/CST Applicable? to Applicable .

7. Enable the option Set/alter VAT Details?

8. Click F12: Configure to enable additional details. In the configuration screen, enable the option, Provide commodity details? , if required.

9. Set the Classification option in VAT Details screen to:

o Undefined if unique tax rate and commodity details have to be defined.

o Any of the user-defined Classification . Once it is applied, rest of the options disappear and cursor returns to Ledger Creation screen. Click here to view the detailed procedure of creating VAT Classifications .

10. Select the Nature of Transaction .

11. Specify the Commodity name , Commodity code , and Sub commodity code in the Other Info section.

12. Enter the Tax rate , and Tax type .

The VAT Details screen appears as shown below:

13. Press Ctrl+A to accept.