To record a purchase - imports taxable
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 Imports Taxable as the Nature of transaction.
Note: If purchase 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 Imports Taxable in the VAT Classification Details screen displayed on selecting the common purchase ledger.
5. Select the stock item imported, enter the Quantity and Rate (in foreign currency).
o Enter the Rate of Exchange in the Forex Rate of Exchange screen. The amount is automatically displayed in the Amount field.
o Press Enter.
6. Select the common VAT ledger.
7. Click A: Tax Analysis button to display the Tax Analysis screen.
o Click F1: Detailed button to view the name of stock item. The Tax Analysis screen appears as shown below:
o Pres Esc to return to purchase invoice screen.
8. Enter Custom Entry No..
The purchase invoice appears as shown below:
9. Press Enter to save.