Interstate Purchase of Works Contract (VAT)

You can record interstate purchase of works contract by selecting the nature of transaction Interstate Purchase – Works Contract.

This nature of transaction is provided for Punjab.

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.
   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 – Works Contract.
   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, and enter the amount.
6. Enter the required details in Deduction Claimed for Tax Calculation screen. The Deduction Claimed for Tax Calculation screen appears as shown below:
   
7. Press Enter to accept the screen. As always, you can press Ctrl+A to save and return to the purchase invoice.
8. To view the VAT – Tax Analysis screen, press Ctrl+O (Related Reports) > select Voucher under Details of > type or select VAT – Tax Analysis.
   

   Note: If you are on TallyPrime Release 1.1.3 or earlier, follow the step:
   To view the VAT – Tax Analysis screen, press Ctrl+I (More Details) > select Voucher under Details of > type or select VAT – Tax Analysis.

9. Press Alt+F5 (Detailed) to view in detailed mode. The VAT – Tax Analysis screen appears as shown below:
   
10. Press Esc to return to the purchase invoice.
11. Set the option Provide VAT details to Yes, and enter the Statutory Details, as shown below:
    
12. Press Enter to accept the screen. As always, you can press Ctrl+A to save and return to the purchase invoice as shown below:
    
13. 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.