Recording an Invoice for Exempt Purchases of Works Contract

You can record purchase of exempt works contract by selecting the nature of transaction Purchase Exempt - Works Contract.

This nature of transaction is provided for West Bengal.

To record an invoice for exempt works contract

1.    Go to Gateway of Tally > Accounting Vouchers > F9: Purchase.

2.    Enter the Supplier invoice no. and Date.

3.    Select the party ledger in the field Party's A/c Name.

4.    Select the purchase ledger grouped under Purchase Accounts with the Nature of transaction set to Purchase Exempt - Works Contract.

5.    Select the stock item. Enter the amount. The purchase invoice appears as shown below:

6.    Press Enter to save.

The value of this transaction gets captured in the relevant fields of state-specific VAT/CST forms and annexures.