To account purchases of non-creditable goods, create invoices with Non Creditable Purchase - Special Goods as nature of transaction.
To record transaction for purchase of non-creditable Fourth Schedule goods
1. Go to Gateway of Tally > Accounting Vouchers > F9: Purchases.
2. Enter Supplier Invoice No. and Date.
3. Select the party ledger in the field Party's A/c Name.
4. Select a purchase ledger where:
● Is VAT/CST Applicable? is set to Applicable.
● Set/Alter VAT Details? is enabled.
● Nature of Transactions is set as Non-Creditable Purchase Special Goods.
5. Select the stock items that have the following options, and enter Quantity and Rate for each stock item.
● Calculation Type is set as On Value.
● Tax rate is specified.
● Tax type is set as Taxable.
● Schedule is set as Fourth Schedule.
6. Click A: Tax Analysis to display the Tax Analysis screen.
● Click F1: Detailed to view the name of stock items. The Tax Analysis screen appears as shown below:
The purchase invoice appears as shown below:
7. Press Enter to save.
To record transaction for local purchase exempt for Fourth Schedule goods
1. Go to Gateway of Tally > Accounting Vouchers > F9: Purchases.
2. Enter Supplier Invoice No. and Date.
3. Select the party ledger in the field Party's A/c Name.
4. Select a purchase ledger where:
● Is VAT/CST Applicable? is set to Applicable.
● Set/Alter VAT Details? is enabled.
● Nature of Transactions is set as Purchase Exempt.
5. Select the stock items that have the following options, and enter Quantity and Rate for each stock item.
● Tax Rate is specified as zero.
● Tax type is set to Exempt.
● Schedule is set to Fourth Schedule.
The purchase invoice appears as shown below:
6. Press Enter to save.