I am facing a problem in tracking the Purchase of Machinery (Capital Goods) in Tally.
Now for tally consider a Machinery pruchase as purchase it has to be entered via the Purchase Voucher otherwise it does not consider it as Purchase but when we buy some machinery the entry is put up as a JOURNAL voucher as in the below example:
Dr Machinery 10000
Cr Party 10000 (This is when machinery is purchased under CST)
Dr. Machinery :10000
Cr. Party :11200
Dr Input VAT :400
Dr VAT recoverable 2009-10): 400
Dr VAT Recoverable 2010-11): 400 (this is the case of VAT)
Now I would like to know if there is a way to automatically do this thing in Tally, as any entry made in a Journal voucher does not show up in the VAT return Reports as well.
PLease advise.
CAclubindia
