GCC VAT - Create Domestic Purchase for GCC VAT in Tally ERP 9
The purchase of goods or services from a supplier in the same country will attract VAT rates as applicable for the goods or services. For example, a business located in Abu Dhabi can purchase goods or services from a supplier in Dubai, or any other emirates of UAE, such purchases from suppliers located in UAE is considered domestic purchase.
Record purchases from a domestic supplier
1. Go to Gateway of Tally - Accounting Vouchers - F9: Purchase.
2. Specify the sales invoice no. and date received from the supplying party in the Supplier invoice no. and Date fields respectively.
3. In Party A/c name, select the supplier's ledger.
4. Select the purchase ledger applicable for local taxable purchases.
5. Select the required items, and specify the quantities and rates.
6. Select the VAT ledger.
You can view the tax details by clicking A: Tax Analysis. Click F1: Detailed to view the tax break-up.
7. Press Ctrl+A to accept.