Visual Catpro
   
Handling Purchase Tax in Visual Catpro

To handle Purchase Tax in Visual Catpro a new Vat Class is introduced namely: "PURCHASE TAX"

You have to pass a normal Purchase entry as shown below:
  
A/c Head
V.Class
Debit
Credit
Purchase A/c
PURCHASE LOCAL  U/S 19(1)
10000.00
 
Party A/c
 
 
10000.00


You also have to pass a separate entry for Purchase Tax as shown below:

  
A/c Head
V.Class
Debit
Credit
Purchase Tax A/c
PURCHASE TAX
400.00
 
PURCHASE TAX PAYABLE
 
 
400.00


Form VAT-15 is shown below:


graphic

Purchase amount Rs. 10000.00 will be shown in column 2(a). of VAT-15.

Rs. 10000.00 will be shown in Form VAT-24 as Non Taxable Purchase.