To account for purchase of schedule H items, the nature of transaction Purchases - Schedule H Items (U/s 19(1)) should be predefined in the purchase ledger.
To create a purchase ledger
1. Go to Gateway of Tally > Accounts Info. > Ledgers > Create.
2. Enter the Name of the purchase ledger.
3. Select Purchase Accounts in the field Under.
4. Set the option Inventory values are affected? to Yes.
5. Set Is VAT/CST Applicable? to Applicable.
6. Enable the option Set/Alter VAT Details? to view the VAT Details screen.
7. Select Purchases - Schedule H Items (U/s 19(1)) as the Nature of Transaction.
8. Enter details in sections Other Info and VAT Rate, as required. The VAT Details screen appears as shown below:
9. Press Enter to go to the Accounting Voucher Creation screen.
10. Press Ctrl+A to accept.
To record purchase of Schedule H Items
1. Go to Gateway of Tally > Accounting Vouchers > F9: Purchases.
2. Enter the Supplier Invoice No. and Date if any.
3. Select the party ledger in Party's A/c Name option.
4. Select a Purchase Ledger predefined with Purchases - Schedule H Items (U/s 19(1)) as the Nature of transaction.
5. Select the required stock item. Enter Quantity and Rate. The Accounting Voucher Creation screen appears as shown below:
6. Press Enter to save.
The assessable value of purchase of schedule H items recorded will be displayed in the field 2(i) of VAT Form 15.