Recording Sales - Works Contract (Puducherry)

Works contract sales transaction can be recorded using predefined nature of works contract or user defined nature of works contract

To record a works contract transaction

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

2.    Select customer ledger in the Party's A/c Name field.

3.    Select the sales ledger with Sales - Works Contract as the Nature of transaction.

Note: If 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 Sales - Works Contract in the VAT Classification Details screen displayed on selecting the common sales ledger.

4.    Select the stock item and enter the amount.

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

o     Press Enter to save and return to invoice screen.

5.    Select the VAT ledger.

6.    Click A: Tax Analysis to display the Tax Analysis screen.

o     Click F1: Detailed to view the stock items. The Tax Analysis screen appears as shown below:

o     Press Esc to return to the invoice screen.

The sales invoice appears as shown below:

7.    Press Enter to save.