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Sales Exempt – Works Contract – Ongoing (VAT)

You can record exempt on-going works contract sales by selecting the nature of transaction Sales Exempt – Works Contract – Ongoing.

This nature of transaction is provided for Maharashtra.

1. Gateway of Tally > Vouchers > press F8 (Sales).
   Alternatively, press Alt+G (Go To) > Create Voucher > press F8 (Sales).
2. Press Ctrl+H (Change Mode) to select the required voucher mode (Accounting Invoice, in this case).
3. Select the party ledger in the field Party A/c name.
   As always, press Alt+C, to create a master on the fly. Alternatively, press Alt+G (Go To) > Create Master > type or select Ledger > press Enter.
4. Select the sales ledger grouped under Sales Accounts with Nature of transaction set to Sales Exempt – Works Contract – Ongoing.
5. Enter the Amount. The sales invoice appears 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.