In Tally.ERP 9, you can record a sales voucher to account for a works contract transaction.
To record a works contract transaction
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales .
2. Select the party ledger in Party's A/c Name field.
3. Select the sales ledger with Sales - Works Contract as the Classification / Nature .
Note: If common ledger is being used, click F12: Configure in the invoice and set the option Allow Modification of Tax Details for VAT? to Yes . Select Sales - Works Contract in the VAT Classification Details screen displayed on selecting the common sales ledger.
4. Select the stock item and enter the Quantity and Rate .
5. Enter the percentage or amount of deduction. The Works Contract Details screen appears as shown below:
6. Select the VAT ledger.
7. Set the option Provide VAT Details? to Yes to view the Statutory Details screen.
In the Statutory Details screen,
o Set the option Is Sub Contractor to Yes or No , as required.
Note: Based on setting the option Is Sub Contractor to Yes / No , the relevant options are displayed for providing the works contract details.
o Enter the relevant details. The Statutory Details screen appears as shown below:
o Press Enter to save and return to sales invoice.
8. Click A : Tax Analysis to display the Tax Analysis screen.
o Click F1 : Detailed to view the stock items. The Tax Analysis screen appears as shown below:
o Press Esc to return to the sales invoice.
The sales invoice appears as shown below:
9. Press Enter to save.
'Sales - Works Contract (Rajasthan)' has been shared with
