Sales Transfer of Right to Use (VAT)
You can record interstate sales selecting the nature of transaction Sales Transfer of Right to Use.
This nature of transaction is provided for Bihar, Kerala, Odisha and West Bengal.
- Gateway of Tally > Vouchers > press F8 (Sales).
Alternatively, press Alt+G (Go To) > Create Voucher > press F8 (Sales). - 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. - Select the sales ledger grouped under Sales Accounts with the Nature of transaction set to Sales Transfer of Right to Use, and predefined with the applicable tax rate.
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. - Select the stock item. Enter the Quantity and Rate. In the VAT Details screen
- Enter the details as shown below:
Note: The above screen appears only when the State is selected as West Bengal in the Company VAT Details screen.
- Press Enter to accept the screen and return to the sales invoice. The sales invoice appears as shown below:
- Enter the details as shown below:
- 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.