Purchase Order with Excise Details

Example: On 28-6-2008 ABC Company placed a purchased order with Lanco Manufacturers for the supply of 50,000 Pet Bottles @ 3 per bottle.

Set Up:

In F11: Features (Inventory Features)

• Set Allow Purchase Order Processing to Yes

Create Voucher Type

Create the Voucher Type - Excise Purchase Order as shown below

Record a Purchase Order

Go to Gateway of Tally > Accounting Vouchers > F4: Purchase Order

1. In Voucher Type sub form select Excise – Purchases Order as the voucher type.

2. Ensure that the Purchase Order Voucher is in Item Invoice Mode.

3. Enter the Date as 28-6-2008

4. In the Party A/c Name field select Lanco Manufacturers from the List of Ledger Accounts

5. In the Order No. field enter the order number as 001

6. In the Purchase Ledger field select Purchase of Raw Materials

7. In the VAT/Tax Class field the VAT Class will be defaulted automatically as defined in the ledger master

8. In the Name of Item field select Pet Bottles - 1Ltr and press enter to view the Item Allocation screen

9. In the Item Allocation screen

10. In Due on field enter the date of delivery of the stock e.g. 5-7-2008

11. In the Quantity field enter 30000

12. In the Rate field enter the rate as Rs.3

10. Select Basic Excise Duty @ 16% ledger, the Rate of Duty and Duty amount will be defaulted automatically

Note: To avail the CENVAT credit in the same voucher you can select CENVAT type of duty ledgers

11. Similarly select Education Cess @ 2% and Secondary Education Cess @ 1% ledgers

12. Select Input VAT @ 4% ledger. The VAT amount will be calculated and displayed automatically

13. Set Show Statutory Details to view the Statutory details screen

14. Enter Narration if any

15. Press Enter to save

Similarly, you can record the Excise Sales Orders, Delivery Notes and Receipt Notes and track them in Excise Purchases and Sales.