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Tax on Purchase from Unregistered Dealers (Punjab)

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

To create tax liability on purchase from unregistered dealers

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

2. Click J : Stat Adjustment . In the Stat Adjustment Details screen,

o Select Type of duty/tax as VAT .

o Select Tax on URD Purchase as the Nature of Adjustment .

3. Debit the expense ledger.

4. Enter the amount.

5. Credit the VAT ledger. Enter the VAT Details , as shown below:

6. Credit the surcharge ledger and enter the VAT Details . The journal voucher appears as shown below:

7. Press Enter to save.