You can account for tax on purchases from unregistered dealers by creating a journal voucher.
To account for tax liability on purchase from unregistered dealers
1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal .
2. Click J : Stat Adjustment . In the Stat Adjustment Details screen,
o Select the option VAT in the Type of duty/tax field.
o Select the option Tax on URD Purchase in the Nature of adjustment field.
o Press Enter to save and return to the voucher screen.
3. Debit the ledger created under the group Indirect Expenses and enter the amount.
4. Credit the VAT ledger.
o Enter the Rate , Assessable Value , and Commodity Code , and select the Commodity name of the item purchased in the VAT Details screen. The VAT Details screen appears as shown below:
Note: The columns in the VAT Details screen appear based on the State selected in the Company Creation screen. In this example, Bihar is selected as the State .
o Press Enter to return to voucher screen.
The journal voucher appears as shown below:
5. Press Enter to save.
T he states with Tax on URD Purchase available as the Nature of Adjustment are given below:
|
State Name |
Nature of Adjustment |
Additional Details |
Voucher Entry |
|
Andhra Pradesh |
Tax on URD Purchase |
--- |
Debit: Expense ledger. Credit: VAT ledger. |
|
Assam |
Tax on URD Purchase |
--- |
Debit: VAT ledger. Credit: Ledger grouped under Current Assets . |
|
Bihar |
Tax on URD Purchase |
--- |
Debit: Expense ledger. Credit: VAT ledger. |
|
Chandigarh |
Tax on URD Purchase |
--- |
Debit: Purchase ledger. Credit: VAT ledger. |
|
Chhattisgarh |
Tax on URD Purchase |
--- |
Debit: Ledger grouped under Current Assets . Credit: VAT ledger. |
|
Gujarat |
Tax on URD Purchase |
--- |
Debit: Ledger grouped under Current Assets . Credit: VAT ledger. Credit: Additional tax ledger. |
|
Haryana |
Tax on URD Purchase |
Purchase at Lower Rate |
Debit: Expense ledger. Credit: VAT ledger. Credit: Expense/purchase ledger. |
|
Purchase at Lower Rate - Declared Goods |
Debit: Expense ledger. Credit: VAT ledger. Credit: Expense/purchase ledger. |
||
|
Purchase Without Payment of Tax |
Debit: Expense ledger. Credit: VAT ledger. Credit: Expense/purchase ledger. |
||
|
Purchase Without Payment of Tax - Declared Goods |
Debit: Expense ledger. Credit: VAT ledger. Credit: Expense/purchase ledger. |
||
|
Himachal Pradesh |
Tax on URD Purchase |
Not Applicable |
Debit: Expense ledger. Credit: VAT ledger. |
|
Purchase of Schedule-C Goods |
Debit: Expense ledger. Credit: VAT ledger. |
||
|
Jammu and Kashmir |
Tax on URD Purchase |
--- |
Debit: VAT ledger. Credit: Ledger grouped under Current Assets . |
|
Jharkhand |
Tax on URD Purchase |
--- |
Debit: Expense ledger. Credit: VAT ledger. |
|
Karnataka |
Tax on URD Purchase |
--- |
Debit: Expense ledger. Credit: VAT ledger. |
|
Kerala |
Tax on URD Purchase |
--- |
Debit: VAT ledger. Credit: Ledger grouped under Current Assets . |
|
Madhya Pradesh |
Tax on URD Purchase |
--- |
Debit: VAT ledger. Credit: Ledger grouped under Current Assets . |
|
Odisha |
Tax on URD Purchase |
--- |
Debit: VAT ledger. Credit: Ledger grouped under Current Assets . |
|
Puducherry |
Tax on URD Purchase |
--- |
Debit: Expense ledger. Credit: VAT ledger. |
|
Punjab |
Tax on URD Purchase |
--- |
Debit: Expense ledger. Credit: VAT ledger. credit: Surcharge ledger. |
|
Rajasthan |
Tax on URD Purchase |
--- |
Debit: Expense ledger. Credit: VAT ledger. |
|
Telangana |
Tax on URD Purchase |
--- |
Debit: Expense ledger. Credit: VAT ledger. |
|
Uttar Pradesh |
Tax on URD Purchase |
--- |
Debit: Purchase ledger. Credit: VAT ledger. |
|
West Bengal |
Tax on URD Purchase |
--- |
Debit: Expense/purchase ledger. Credit: VAT ledger. |