Sales - Works Contract

To record a works contract transaction

1.     Go to Gateway of Tally > Accounting Vouchers > F8: Sales

2.     Select the Party's A/c Name.

3.     Select the Sales Ledger with Sales - Works Contract as the Classification/Nature.

4.     Select the stock item, enter amount.

5.     Enter the percentage or amount of deduction in the Deduction Claimed for Tax Calculation screen as shown below:

6.     Select the VAT ledger.

7.     Click A: Tax Analysis button to display the Tax Analysis screen.

8.     Click F1: Detailed button to view the names of stock items in Tax Analysis screen.

9.     Press Esc to return to sales invoice. The sales invoice appears as shown below:

10.  Press O to override the invoice with the changed value.