Interstate Purchase Exempt (VAT)

You can record interstate purchases of exempt goods by selecting the nature of transaction Interstate Purchase Exempt.

This nature of transaction is provided for Assam, Bihar, Chandigarh, Chhattisgarh, Dadra & Nagar Haveli and Daman & Diu, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Jammu & Kashmir, Karnataka, Kerala, Ladakh, Madhya Pradesh, Puducherry, Tamil Nadu, Uttarakhand, and Uttar Pradesh.

1. Gateway of Tally > Vouchers > press F9 (Purchase).
   Alternatively, press Alt+G (Go To) > Create Voucher > press F9 (Purchase).
2. Enter the Supplier Invoice No. and Date.
3. Select the party ledger in the field Party A/c name.
   • In the Party Details screen, set the option Is against C Form to No. This option appears only when the State selected is other than the State selected in the Company VAT Details screen.
   • 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 purchase ledger predefined with the Nature of transaction set to Interstate Purchase Exempt.
   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, enter the purchase details in Statutory Details screen, and press Ctrl+A to accept. 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.