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Purchase of Exempt Capital Goods (VAT)

Purchase of exempt capital goods can be recorded by selecting the nature of transaction Purchase Exempt – Capital Goods.

This nature of transaction is provided for Delhi, Haryana, Odisha, and Punjab.

  1. Gateway of Tally > Vouchers > press F9 (Purchase).
    Alternatively, press Alt+G (Go To) > Create Voucher > press F9 (Purchase). 
  2. Press Ctrl+H (Change Mode) to select the required voucher mode (As Voucher, in this case).
  3. Enter the Supplier Invoice No. and Date.
  4. Credit the party ledger and enter the amount.
  5. Debit the fixed assets ledger (grouped under Fixed Assets with Purchase Exempt – Capital Goods selected as the Nature of transaction), and enter the assessable value as shown below:
  6. Accept the screen. As always, you can press Ctrl+A to save.

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

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