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's A/c Name.
4. Select the Purchase Ledger with Purchase - Works Contract as the Nature of Transaction.
5. Select the stock item, enter the Quantity and Rate. Amount appears automatically.
6. Enter the percentage or amount of deduction in the Deduction Claimed for Tax Calculation screen.
7. Select the VAT ledger.
8. Click A: Tax Analysis button to display the Tax Analysis screen.
9. Click F1: Detailed button 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 O to accept the invoice with the changed value.