https://help.tallysolutions.com/docs/te9rel63/Tax_India/VAT/West_Bengal/WB_Pur_WC.htm

Recording Purchase - Works Contract (West Bengal)

Purchase of works contract can be recorded with Purchase - Works Contract as the Nature of Transaction in the purchase invoice. Deduction can be claimed for tax calculation.

Works contract purchase transaction can be recorded using:

Predefined nature of works contract

Or

User defined nature of works contract

To record a works contract transaction with predefined nature of works contract

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

2. Select party ledger in the field Party's A/c Name .

3. Select purchase ledger with Purchase - 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 Purchase - Works Contract in the VAT Classification Details screen displayed on selecting the common purchase ledger.

4. Select stock item and enter the Quantity and Rate .

5. Select Nature of Contract from the predefined List of Nature of Works Contract .

6. Enter amount for Deductions , as required.

7. Define Assessable Value for VAT rate and amount. The completed Works Contract Details screen appears as shown below:

8. Press Enter to save and return to the Accounting Voucher Creation screen.

9. Select the VAT ledger.

10. Click A : Tax Analysis to view 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 Accounting Voucher Creation screen.

11. The purchase invoice appears as shown below:

12. Press Enter to save the invoice.

To record a works contract transaction with user defined nature of works contract

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

2. Select party ledger in field Party's A/c Name .

3. Select sales ledger with Purchase - 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 Purchase - Works Contract in the VAT Classification Details screen displayed on selecting the common purchase ledger.

4. Select stock item and enter the Quantity and Rate .

5. Select New Nature of Works Contract from the List of Nature of Works Contract , as shown below:

6. Enter name for the New Nature of Works Contract .

7. Enter rate and amount for Deduction for Labour Charges .

8. Define Rate of VAT and Assessable Value , as required. The completed Works Contract Details screen appears as shown below:

9. Press Enter to save and return to the Accounting Voucher Creation screen.

10. Select the VAT ledger.

11. 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 Accounting Voucher Creation screen.

12. The purchase invoice appears as shown below:

13. Press Enter to save the invoice.