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Recording Purchase - Works Contract (Punjab)

If you have availed work contract services, you need to record a transaction for the purchase of works contract. You can record all deductions applicable in the works contract.

To record a works contract transaction

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

2. Enter Supplier Invoice No. and Date .

3. Select the party ledger in Party's A/c Name option.

4. Select the Purchase Ledger with Purchase - Works Contract predefined as the Nature of Transaction .

5. Select the stock item, and enter the amount.

6. Enter the information in Works Contract Details screen as shown below:

7. Select the VAT and surcharge ledgers.

8. Click A : Tax Analysis to display the Tax Analysis screen.

9. Click F1 : Detailed to view the names of stock items. The Tax Analysis screen appears as shown below:

10. Press Esc to return to purchase invoice. The purchase invoice appears as shown below:

11. Press Enter to save.