Tally

Dear all

my query is whether purcahse is to be show with duty +vat amount in Purchase reg. and P&L or without duty +vat

 

We have older release of Tally  , firstly we backed up and download the latest version then we restore the data but now problem ocuurs 

 

before latest release the P&L shows only cost of Purchase and Duty and VAT go under Duties & Taxes 

 

after restoring the latest version the purchse in P&L and purchase reg shows the purchase cost with duty and VAT 

 

how can we resolve this problem 

Replies (5)

Only Cost of Purchase should reflect in purchase book

please check the group of Duty and VAT ledgers

For future ..

u shoud do the entries with breakup it will easier while claiming input credit.    

Purchase and VAT is to be debited separately. Purchase should only be reflected in trade accounts and input VAT is to be shown separately.

Input VAT is an asset and purchase is coming under purchase accounts.

Call Tally solutions for technical help.

yes

 

 

Thanks to all

Only Cost of Purchase should reflect in purchase verify grouping of Duty and VAT ledgers

 

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