TALLY ERP 9 PURCHASE ENTRY . IF I WANT TO CLAIM VAT INPUT
Querist : Anonymous
1. PURCHASE FIXED ASSESTS FROM OUT OF STATE @ 12.5%
2. PURCHASE FIXED ASSESTS FROM OUT OF STATE @ 2%
3. PURCHASE CONSUMBLE GOODS FROM OUT OF STATE @ 12.5%
4. PRUCHASE SONSUMBLE GOODS FROM OUT OF STATE @ 2%
&
5. I WANT TO CLAIM INPUT VAT THAN ENTRY ?.
6. AND IF I DONT WANT TO CLAIM INPUT VAT THAN ENTRY ? .
Fixed assets to capitalize
Consumable item to be treated as consumable purchase.
Form C to be issued on CST 2% concessional rate central purchase.
Querist : Anonymous
SO whatever CST you have paid for Fixed Assets will be capitalized and you can avail depreciation on that. For CST paid on Consumables goods it will increase the cost of Consumables and charged accordingly.
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