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Purchase, Sales, Additional Ledger for all States

You can create a common purchase ledger for all types of purchases without defining tax details in the purchase ledger master. The same can be done for common sales ledgers. For separate ledgers, you can define different tax rates in the purchase and sales ledger masters.

State Name

Purchase and Sales Ledger

In the VAT Details screen of purchase and sale ledger (displayed on enabling the option Set/alter VAT Details),

  • Ensure the Classification is set to Undefined.
  • Press F12 (Configure) and ensure that all the options are set to Yes.

Bihar

In the VAT Details screen,

1.Select the Nature of transaction.

2.Select the Type of goods, Nature of goods, Commodity name, press Ctrl+H (Helper), and Schedule.

3.Enter the Commodity code, Tax rate and Schedule Serial No.

4.Accept the screen. As always, you can press Ctrl+A to saveand return to the Ledger Creation screen.

Chhattisgarh

In the VAT Details screen,

1.Select the Nature of transaction. On selecting:

  • The following nature of transactions, the option Party Entity/Org. Type appears to select SEZ/STP/EHTP.
  • Interstate Purchase – Zero Rated
  • Interstate Sales – Zero Rated
  • The nature of transaction as Sales Exempt, the option Company nature of Business appears to set it to Agent, if required.

2.Select the Type of goods, Nature of goods, Commodity name(press Ctrl+H (Helper)). The Commodity code appears automatically.

3.Enter the Tax rate.

4.Accept the screen. As always, you can press Ctrl+A to saveand return to the Ledger Creation screen.

Dadra and Nagar Haveli

In the VAT Details screen,

1.Select the Nature of transaction. On selecting the following nature of transactions, the option Party Entity/Org. Type appears to select from the List of Entities/Org. Type.

  • Interstate Purchase – Zero Rated
  • Purchase Exempt
  • Purchase Taxable
  • Purchase – Works Contract
  • Interstate Sales Exempt
  • Interstate Sales Exempt – With Form C
  • Interstate Sales – Taxable
  • Interstate Sales – Works Contract
  • Interstate Sales – Zero Rated
  • Sales Exempt

2.Select the Type of goods.

3.Enter the Commodity nameand Commodity code.

4.Enter the Tax rate.

5.Select the Schedule.

6.Accept the screen. As always, you can press Ctrl+A to saveand return to the Ledger Creation screen.

Himachal Pradesh

In the VAT Details screen,

1.Select the Nature of transaction.

  • On selecting the following nature of transactions, the option Party Entity/Org. Type appears to select SEZ/STP/EHTP or Diplomatic Missions, U.N, UNICEF, WHO & Foreign Aid.
  • Interstate Purchase – Zero Rated
  • Purchase – Zero Rated
  • Sales Zero Rated
  • Interstate Sales – Zero Rated
  • On selecting the nature of transaction as Sales Exempt, the option Company nature of Business appears. You can set it to Agent, if required.

2.Select the Type of goods, Nature of goods, Commodity name(press Ctrl+C).

3.Enter the Commodity code and Tax rate.

4.Accept the screen. As always, you can press Ctrl+A to saveand return to the Ledger Creation screen.

Jammu and Kashmir

In the VAT Details screen,

1.Select the Nature of transaction. On selecting the following nature of transactions, the option Party Entity/Org. Type appears to select SEZ/STP/EHTP or Exempted/Concession by Notification or Diplomatic Missions, U.N, UNICEF, WHO & Foreign Aid.

  • Interstate Purchase – Zero Rated
  • Interstate Sales – Zero Rated

2.Select the Type of goods.

3.Enter the Commodity name, Commodity code and Tax rate.

4.Accept the screen. As always, you can press Ctrl+A to saveand return to the Ledger Creation screen.

Jharkhand

In the VAT Details screen,

1.Select the Nature of transaction. On selecting the following nature of transactions, additional options appear for selection:

  • Branch Transfer Inward (the option Party Entity/Org. Type appears to select Branch and Unit).
  • Consignment Transfer Inward (the option Party Entity/Org. Type appears to select the Agent or Principal).
  • Interstate Purchase – Zero Rated(the option Party Entity/Org. Type appears to select Diplomatic Missions, U.N, UNICEF, WHO & Foreign Aid and SEZ / STP / EHTP).
  • Branch Transfer Outward (the option Party Entity/Org. Type appears to select Branch and Unit).
  • Consignment Transfer Outward (the option Party Entity/Org. Type appears to select Agent and Principal).
  • Interstate Sales – Zero Rated(the option Party Entity/Org. Type appears to select Diplomatic Missions, U.N, UNICEF, WHO & Foreign Aid and SEZ / STP / EHTP).
  • Sales Exempt
  • The option Party Entity/Org. Type appears to select Exempt (Under Section 57/Notification/unit) and Reseller.
  • the option Company Nature of Business appears to as Exempted Unit appears as
  • Sales Taxable (Dealer, Importer, Manufacturer and Oil Company appear as the Party Entity/Org. Type).

2.Select the Type of goods, Commodity name(press Ctrl+C). The Commodity code appears automatically.

3.Enter the Tax rate.

4.Select the Schedule.

5.Accept the screen. As always, you can press Ctrl+A to saveand return to the Ledger Creation screen.

Rajasthan

In the VAT Details screen,

1.Select the Nature of transaction.

2.Select the Type of goods, Commodity name (press Ctrl+C), and Schedule.

3.Enter the Commodity code, Tax rate and Schedule Serial No.

4.Accept the screen. As always, you can press Ctrl+A to saveand return to the Ledger Creation screen.

Uttarakhand

In the VAT Details screen,

1.Select the Nature of transaction. On selecting the following nature of transactions, additional options are displayed:

  • Interstate Sales – Zero Rated or Sales Zero Rated (the option Party Entity/Org. Type appears to select Diplomatic Missions, U.N, UNICEF, WHO & Foreign Aid or SEZ / STP / EHTP).
  • Sales Taxable(the option Party Entity/Org. Type appears to select Notification/Concessional Rate).
  • Interstate Purchase – Zero Rated or Purchase – Zero Rated (the option Party Entity/Org. Type appears to select Diplomatic Missions, U.N, UNICEF, WHO & Foreign Aid or SEZ / STP / EHTP).
  • Purchase Taxable(the option Party Entity/Org. Type appears to select Notification/Concessional Rate).

2.Select the Type of goods and Reporting unit of measure.

3.Enter the Commodity name, Commodity code and Tax rate.

4.Select the Schedule.

5.Press Enter to save, and return to the Ledger Creation screen.

Uttar Pradesh

In the VAT Details screen,

1.Select the Nature of transaction.

2.Select the Schedule and Commodity name (press Ctrl+C). The Commodity code appears automatically.

3.Enter the Tax rate and Additional tax.

4.Accept the screen. As always, you can press Ctrl+A to saveand return to the Ledger Creation screen.

 

State Name

Additional Expense/Income Ledger

Ensure the ledger is grouped under expense/income.

Bihar

In the Ledger Creation screen, set the option:

1.Type of Ledger to,

  • Discount, if the ledger is being created to account for discount allowed/received.
  • Not Applicable, if the ledger is being created to account for expenses/incomes other than discount.

2.Is VAT/CST Applicableto Not Applicable.

3.Include in assessable value calculation for to,

  • Not applicable, if the ledger is being used to account for discount allowed/received.
  • VAT, if the ledger value has to be included as part of the assessable value for VAT calculation.
  • Select the Method of Calculation as Based on Quantityor Based on Value, as per the method chosen for apportionment, if the ledger is being used to account for expenses/incomes other than discount.

4.Accept the screen. As always, you can press Ctrl+A to save.

Chhattisgarh

In the Ledger Creation screen, set the option:

1.Type of Ledger to,

  • Discount, if the ledger is being created to account for discount allowed/received.
  • Not Applicable, if the ledger is being created to account for expenses/incomes other than discount.

2.Is VAT/CST Applicableto Not Applicable.

3.Include in assessable value calculation for to,

  • Not applicable, if the ledger is being used to account for discount allowed/received.
  • VAT, if the ledger value has to be included as part of assessable value for VAT calculation.
  • Select the Method of Calculation as Method of Calculation to Based on Quantityor Based on Value, as per the method chosen for apportionment, if the ledger is being used to account for expenses/incomes other than discount.

4.Accept the screen. As always, you can press Ctrl+A to save.

Himachal Pradesh

In the Ledger Creation screen, set the option:

1.Is VAT/CST Applicable? to Not Applicable.

2.Include in assessable value calculation for to VAT.

3.Method of Calculation to Based on Quantityor Based on Value as per the method chosen for apportionment.

4.Accept the screen. As always, you can press Ctrl+A to save.

Jharkhand

In the Ledger Creation screen, set the option:

1.Is VAT/CST Applicable? to Not Applicable.

2.Include in assessable value calculation for to VAT.

3.Method of Calculation to Based on Quantityor Based on Value as per the method chosen for apportionment.

4.Accept the screen. As always, you can press Ctrl+A to save.

Rajasthan

In the Ledger Creation screen, set the option:

1.Is VAT/CST Applicable? to Not Applicable.

2.Include in assessable value calculation for to VAT.

3.Method of Calculation to Based on Quantityor Based on Value as per the method chosen for apportionment.

4.Accept the screen. As always, you can press Ctrl+A to save

Uttarakhand

In the Ledger Creation screen, set the option:

1.Is VAT/CST Applicable? to Not Applicable.

2.Include in assessable value calculation for to VAT.

3.Method of Calculation to Based on Quantityor Based on Value as per the method chosen for apportionment.

4.Accept the screen. As always, you can press Ctrl+A to save.

Uttar Pradesh

In the Ledger Creation screen, set the option:

1.Is VAT/CST Applicable? to Not Applicable.

2.Include in assessable value calculation for to VAT.

3.Method of Calculation to Based on Quantityor Based on Value as per the method chosen for apportionment.

4.Accept the screen. As always, you can press Ctrl+A to save.

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