Interstate Sales – Works Contract (VAT)

Record sales works contract details in vouchers with Interstate Sales – Works Contract as the Classification / Nature.

This nature of transaction is provided for Assam, Chandigarh, Dadra & Nagar Haveli and Daman & Diu, Delhi, Goa, Gujarat, Haryana, Jharkhand, Karnataka, Maharashtra, Odisha, Punjab, and Tamil Nadu.

1. Gateway of Tally > Vouchers > press F8 (Sales).
   Alternatively, press Alt+G (Go To) > Create Voucher > press F8 (Sales).
2. Select the party ledger in the field Party A/c name.
3. Select the sales ledger with Interstate Sales – Works Contract as the Classification / Nature.
   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.
   

   Note: For a common ledger, press F12 (Configure) in the invoice and set the option Modify Tax Rate details for VAT to Yes. Select Sales - Works Contract in the VAT Classification Details screen displayed on selecting the common sales ledger.

4. Select the stock item, and enter the Quantity and Rate.
5. Enter the percentage or amount of deduction. The Works Contract Details screen appears as shown below:
   
6. Select the VAT ledger.
   

   Note: Based on the state-specific tax structure, select cess/surcharge/additional tax ledger after VAT ledger.

7. To view the VAT – Tax Analysis screen, Press Ctrl+O (Related Reports) > select Voucher under Details of > and 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 > and type or select VAT – Tax Analysis.

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