IRD Purchase Book

The IRD Purchase Book (खरिद खाता) is the statutory purchase register under the 2082 procedure: one row per purchase bill with the BS date, the supplier's bill number, supplier name and PAN, total purchase, and the split into exempt purchases, taxable purchases, imports and the input VAT paid. The input VAT total is what you may set off against VAT collected, but only for bills that carry a valid supplier PAN and tax invoice; bills without them appear here with VAT in the non claimable column. Capital purchases such as the Rs 1,00,000 laptop are listed separately for the return. The demo lists 125 purchase invoices, including the two Market mind investment group bills, which carry no VAT.

Input VAT = Taxable purchases x 13%; Total purchases = Exempt + Taxable + Import; claimable input VAT needs a supplier PAN

1. 01Go to Nepal IRD > Purchase Book.
2. 02Set Company, From Date and To Date for the Nepali month.
3. 03Read Bill Date (BS), Supplier Bill No, Supplier PAN, Taxable Amount, Exempt, Import and VAT per row.
4. 04Check the VAT column total against the debits to VAT Receivable for the month.
5. 05Fix bills with a missing supplier PAN on the Supplier record, or accept the VAT as non claimable.
6. 06Export with Menu > Export and file it with the VAT return working papers.

Open to total input VAT you can claim against VAT collected in the month.

Lists the 125 demo purchase invoices with their input VAT, including two from Market mind investment group.