TALLY ERP 9 PURCHASE ENTRY . IF I WANT TO CLAIM VAT INPUT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 June 2011 what will be entry in tally erp 9

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 ? .

Ram Avtar Singh

Ram Avtar Singh (Expert)
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16 June 2011 You can Not take CST credit it will be added in cost of material.

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

Querist : Anonymous (Querist)

16 June 2011 not stisfied

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Praveen Maheshwari

Praveen Maheshwari (Expert)
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14 July 2011 Hello dear in the given Problem you are buying Fixed Assets and Consumables from outside state so you will be charged CST which is not available for Credit.

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.