VAT - FAQ
This page provides all the FAQ related to VAT feature
is the hierarchy followed for picking tax details in VAT?
do I define tax at company level?
do I define tax at group level?
do I define a common VAT rate to all the stock items that are categorised
under the same group?
do I change or revise the VAT rate?
different commodity codes are defined for each stock item, why is the
same commodity code displayed in VAT annexures?
to fix the wrong VAT or CST value calculation and wrong display of excise
to calculate VAT on item rate?
to specify VAT details of the party when recording a cash sale?
do I define VAT details in purchase and sales ledgers?
do I specify VAT details in party ledgers?
do I create CST ledgers?
do I view the history of VAT rates defined?
to record interstate transactions against Form H and I?
it required to record adjustment entry to adjust output VAT with input
VAT amount from release 5.0 onwards?
VAT annexures the commodity code & commodity name captured for all
the items is same, whereas multiple commodity names and codes are configured
in item masters.
does the PAN number not appear in the printed invoice?
to view the declaration receivable and payable forms in 5.x?
payable amount is not pre-filled while recording stat payment transaction,
do I define state-wise MRP?
VAT is not calculated on MRP, how do I display the MRP on an invoice?
is not moving against "IS against C form?" field in Party Details,
if the option Sales/purchase against Form C? is enabled in the party master,
there an option to enable Is Against Form C? apart from Supplementary
Details or Party Details screen?
a VAT Return Form, what are
the tax payment transactions included in
number of transactions
shown in VAT computation?
to adjust for difference in VAT amount from VAT triangulation report?
to resolve the exception
party’s country/state in master and transaction
in VAT the return
to Include/Add Specific Additional ledger values?
is restrictive tax invoice?
happens when state name is not selected in ledger masters of data being
migrated from 4.93 to 5.x?
common sales and purchase ledgers are used in the invoice, can I select
the nature of transaction and override the tax rate and assessable value?
to override the tax classification details for deemed export and branch
to configure tax rates after migrating VAT data?
period displayed in Payment Details section of VAT returns report is different
from the reporting period. Why?
to capture the post-dated tax payment transactions in VAT/CST triangulation
to file VAT returns?
to generate Annexures from triangulation report?
are the enhancements in triangulation experience in release 5.4?
Incomplete/mismatch in information
transactions from Release 5.4?
to resolve ledger exceptions from
What is the function of button
Accepted as is
to generate annual returns?
to save unsaved quarterly returns from Annual return screen?
to generate annual returns when the books beginning date is after the
financial year beginning date?
annual returns for Bihar and Gujarat available in Release 4.93?
it required to save monthly/quarterly returns to generate Annual Returns?
do I copy default accounting details from one stock item to another stock
is the difference between Alt+E: Export and Ctrl+E: Export buttons provided
in statutory return and annexure reports?