If you have availed work contract services, you need to record a transaction for the purchase of works contract. You can record all deductions applicable in the works contract.
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 ledger in Party's A/c Name option.
4. Select the Purchase Ledger with Purchase - Works Contract predefined as the Nature of Transaction.
5. Select the stock item, and enter the amount.
6. Enter the information in Works Contract Details screen as shown below:
7. Select the VAT and surcharge ledgers.
8. Click A: Tax Analysis to display the Tax Analysis screen.
9. Click F1: Detailed 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 Enter to save.