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Purchases Treated As Deemed Exports (VAT)

You can record purchases treated as deemed exports by selecting the nature of transaction Purchase Deemed Export.

This nature of transaction is provided for Assam, Chandigarh, Dadra & Nagar Haveli and Daman & Diu, Delhi, Goa, Haryana, Himachal Pradesh, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Odisha, Puducherry, Punjab, Uttarakhand, and West Bengal.

1. Gateway of Tally > Vouchers > press F9 (Purchase).
   Alternatively, press Alt+G ( Go To) > Create Voucher > press F9 (Purchase).
2. Enter Supplier Invoice No. and Date.
3. Select the party ledger in the field Party A/c name.
4. Select the purchase ledger grouped under Purchase Accounts with the Nature of transaction set to Purchase Deemed Export.
   As in other transactions, you can create the ledger on the fly by pressing Alt+C. Alternatively, press Alt+G (Go To) > Create Master > type or select Ledger > and press Enter.
5. Select the stock item. Enter the Quantity and Rate.
6. Set the option Provide VAT details to Yes. In the Statutory Details screen
   • Select the Form to issue as shown below:
     
     

     Note: The options in the above screen appear based on the State selected in the Company VAT Details screen.

   • Enter the Form serial no., Form no. and Date of H Form.
   • Press Enter to save. The purchase invoice appears as shown below:
     
7. 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.