Taxable Interstate Purchases (VAT)

You can record interstate purchases of taxable goods by selecting the nature of transaction Interstate Purchase – Taxable.

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

1. Gateway of Tally > Vouchers > press F9 (Purchase).
   Alternatively, press Alt+G ( Go To) > Create Voucher > press F9 (Purchase).
2. Enter 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 – Taxable 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.
5. Select the stock item. Enter Quantity and Rate for each stock item.
6. Select the CST ledger grouped under Purchase Accounts or Direct Expenses, with the option Type of duty/tax set to CST. The purchase invoice appears as shown below:
   
7. Accept the screen. As always, you can press Ctrl+A to save.

Note: All transactions recorded between party’s in new union territory Dadra & Nagar Haveli and Daman & Diu will be considered as local.

Interstate Purchase at Multiple CST Rates

1. Gateway of Tally > Vouchers > press F9 (Purchase).
   Alternatively, press Alt+G ( Go To) > Create Voucher > press F9 (Purchase).
2. Enter 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 a common purchase ledger in which the option Is VAT/CST applicable is set to Applicable, and the option Set/Alter VAT Details is not enabled.
5. Select the required stock items whose VAT rates are specified either at the stock group or stock item level. Enter the Quantity and Rate for each stock item.
6. 7.Select the CST ledger grouped under Purchase Accounts or Direct Expenses with the option Type of duty/tax set to CST.
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 purchase invoice. The purchase invoice appears as shown below:
   
10. 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.