https://help.tallysolutions.com/docs/te9rel64/Tax_India/VAT/Goa/GA_Print_Form_III.htm

Printing Form VAT III (Goa)

You can generate and print Form VAT III. This topic explains the fields in the form.

To print Form III

1. Go to Gateway of Tally > Display > Statutory Reports > VAT > Form III . The Form III report appears.

2. Press Ctrl+P to display the Print Report screen. Based on the Form III report period, the From and To dates are displayed here. These dates can be changed from Form III report, if required.

3. Enter the Name and Status/Designation of authorised person.

4. Enter the Place and Date .

5. Press Enter to export data.

Form Description - Form VAT III (Goa)

The data gets exported to the e-return template.

Field Name

Description

Return of Sales and of Tax payable for the period from and To

Displays the period of Form III report.

(1) TIN

Displays the TIN entered in the Company VAT Details screen of Statutory & Taxation features.

Valid Upto

Displays the date entered for TIN - Valid Upto field in Company VAT Details screen of Statutory & Taxation features.

(2) Name of the dealer

Displays the Mailing Name entered in the Company Creation screen.

(3) Address of the dealer

Displays the Address entered in the Company Creation screen.

(4)A. Total turnover of sale received/receivable in respect of goods sold including value of goods transferred out of state otherwise than by way of sale (Details as per annexure A)

Displays:

Gross assessable value of local and interstate taxable sales .

Net assessable value of all exempt sales .

(4)B(1) Sales of exempted goods under rule 4(1)(b)

Displays the net assessable value of sales with Sales Exempt selected as the nature of transaction.

(4)B(2) Sale on which no tax is leviable under rule 4(1)(a)

Displays the net assessable value of sales with Sales Zero Rated selected as the nature of transaction.

(4)B(3) Sales in the course of inter-state trade under rule 4(1)(c)

Displays the gross assessable value of interstate sales .

(4)B(4) Sales in the course of import into or export out of India under rule 4(1)(c)

Displays the net assessable value of sales with Exports , Sales High Seas , Deemed Export and Interstate Deemed Export selected as the nature of transaction.

(4)B(5) Value of goods transferred or dispatched out of the state otherwise than by way of sales. (stock transferred) under rule 4(1)(e)

Displays the net value of sales with Interstate Branch Transfer Outward and Interstate Consignment Transfer Outward selected as the nature of transaction.

(4)B(6) Value of goods sent for sale to local agents under rule 4(1)(f).

Displays the net value of sales with Branch Transfer Outward and Consignment Transfer Outward selected as the nature of transaction.

(4)B(7) The amount of sale of goods returned within the prescribed time i.e. six months under rule 4(1)(d)

Displays the value of credit note with Sales - Works contract and Sales Taxable selected as the nature of transaction.

Displays sales returns recorded within six months from the original invoice date.

(4)B(8) Sum allowed as cash discount in the bill/tax invoice if it is included in the above sale under section 2(ad).

Displays the value entered for discount ledger in sales, with Sales - Works contract and Sales Taxable selected as the nature of transaction.

(4)B. Total of (1) to (8)

Displays auto calculated value.

(4)C. Taxable Turnover of sales (A-B)

Displays auto calculated value.

(5) A. Rate wise bifurcation of sales and output tax

Value

Tax

(5)A.1. Sales taxable @ 1%

Displays net assessable value of sales taxable at 1% .

Displays the tax amount of sales taxable at 1% .

(5)A.2. Sales taxable @ 5%

Displays net assessable value of sales taxable at 5% .

Displays the tax amount of sales taxable at 5% .

(5)A.3. Sales taxable @ 12.5%

Displays net assessable value of sales taxable at 12.5% .

Displays the tax amount of sales taxable at 12.5% .

(5)A.4. Sale of goods specified in schedule 'C' (give rate wise)

Displays net assessable value of sales taxable at any other rate .

Displays the tax amount of sales taxable at any other rate .

(5)(B) Total

Displays auto calculated value.

(5)C. Sale of capital goods and industrial inputs claimed under entry (23) and (53) respe. of Schedule ‘B’ and included in taxable @ 5% sales shown above.

Capital Goods

Industrial inputs

Displays the value of sales with:

Sales Taxable selected as the nature of transaction.

Sales ledger or stock items, which are predefined with the following settings:

o Tax rate is set to 5%.

o Schedule is selected as Schedule B .

o Type of goods is selected as Capital Goods .

Displays the value of sales with:

Sales Taxable selected as the nature of transaction.

Sales ledger or stock items, which are predefined with the following settings:

o Tax rate is set to 5%.

o Schedule is selected as Schedule B .

o Type of goods is selected as Industrial inputs .

(6) Turnover of purchases

6(i) Imports from out of India

Displays the net assessable value of purchases with Imports selected as the nature of transaction.

6(ii) Interstate purchases

Displays the net value of purchases recorded with the following nature of transactions in the Taxable column based on the tax rate :

Interstate Purchase - Against Form C

Interstate Purchase - Taxable

Interstate Purchase - E1

Displays the net value of purchases recorded with the following nature of transactions in the Exempted column based on the tax rate:

Interstate Purchase Exempt

Interstate Purchase Exempt - With Form C

Interstate Purchase Exempt - E1

Interstate Purchase - E2

Interstate Purchase - Zero Rated

Interstate Purchase Deemed Export

6(iii) Consignment transfers

Displays the  net assessable value of purchases with Branch Transfer Inward , Interstate Branch Transfer Outward , Interstate Consignment Transfer Outward and Consignment Transfer Inward selected as the nature of transaction in the Exempted column.

6(iv) Local purchases from registered dealers:

a) Against tax invoices

Displays the gross assessable value of purchases recorded by setting the option Purchase Against Restricted Tax Invoice? to No , in Statutory Details screen of purchase invoice for the following nature of transactions in the Taxable column based on the tax rate:

Purchase - Works contract

Purchase Taxable

Purchase Taxable - Capital Goods

b) Against restricted tax invoice

Displays the net assessable value of purchases recorded by setting the option Purchase Against Restricted Tax Invoice? to Yes , in Statutory Details screen of purchase invoice.

Displays the net assessable value of purchases recorded with the following nature of transactions in the Taxable column based on the tax rate:

Purchase - Works Contract

Purchase - Capital Goods

Purchase Taxable

Displays the net assessable value of purchases recorded with the following nature of transactions in the Exempted column:

Purchase - Zero Rated

Purchase Exempt

Purchase Deemed Export

6(v) Local purchase from composition dealers and unregistered dealers

Displays the net assessable value of purchases with Purchase From Composition Dealer and Purchase From Unregistered Dealer selected as the nature of transaction. The consolidated value of such purchases are displayed in Exempted column.

6(vi) Others

Displays the net assessable value of purchases with Purchases - Others , Non Creditable Purchase - Special Goods , Purchase - Zero Rated , Purchase Exempt , and Purchase Deemed Export selected as the nature of transaction. The value is displayed in Exempted column.

Total turnover of purchases

Displays auto calculated value.

(7) Input Tax Credit

(7)(a) Total admissible input tax on purchases covered under item 6(iv) above

Displays auto calculated value.

7(b)(i) Add: ITC admissible on account of opening stock held on appointed date/date of registration

Displays the debit value entered for VAT ledger in journal voucher for input tax on opening stock .

7(b)(ii) Add: ITC admissible on capital goods

Displays the debit value entered for VAT ledger in journal voucher for input tax on capital goods .

7(b)(iii) Add: ITC carried over from previous tax period

Displays auto calculated value.

7(b)(iv) Entry tax paid, if any (photocopy of challans to be enclosed)

Displays the debit value of VAT entered in journal voucher recorded for entry tax adjustment .

7(b)(v) 75% of net tax liability under the Net Present Value Compulsory Payment Scheme 2005

Displays the debit value of VAT entered in journal voucher recorded for compulsory payment scheme .

7. Total of b(1) to b(5)

Displays auto calculated value.

7. Total ITC of 7(a) & (b)

Displays auto calculated value.

7(c) Reverse credit on account of

(i) Goods (purchases) returned within the prescribed time

Displays the value of debit note recorded with Purchase - Works contract , Purchase Taxable - Capital Goods and Purchase Taxable selected as the nature of transaction.

Displays the purchase returns recorded within six months, from the original invoice date.

(ii) On stock transfer (5%)-Section 6(3)

Displays the credit value entered for VAT ledger in journal voucher to reverse the tax credit on stock transfer .

(iii) Apportionment for manufacturing of exempt goods

Displays the credit value entered for VAT ledger in journal voucher to reverse the tax credit on manufacture of exempt goods .

(iv) Any of the contingencies covered under sub-section (2), (3) & (5) & 6 of Section 9

Displays the credit value entered for VAT ledger in journal voucher to reverse the tax credit on contingencies .

(v) Others ( Please Specify)

Displays the credit value entered for VAT ledger in journal voucher to reverse the tax credit on any other transactions .

Total reduction [C(i) to C(v)]

Displays auto calculated value.

(8) Total input tax credit [7 (a) & 7(b)-7(c)]

Displays auto calculated value.

(9) Amount of tax payable/refundable/Carried forward (5B-8)

Displays auto calculated value, if the amount is payable or carried forward.

Displays the credit value entered for VAT ledger in journal voucher to account for VAT refund .

(10) Outstanding liability to be setoff against excess ITC, if any, under

(i) Goa VAT Act

Displays the credit value entered for VAT ledger in journal voucher to account for VAT liability .

(ii) Goa Sales Tax Act

Displays the credit value entered for VAT ledger in journal voucher to account for sales tax liability .

(iii) Goa Tax on Entry of Goods Act

Displays the credit value entered for VAT ledger in journal voucher to account for entry tax .

(iv) Central Sales Tax Act

Displays the credit value entered for VAT ledger in journal voucher to account for CST dues .

Total

Displays auto calculated value.

(11) Net amount of tax refundable/carried forward (9-10)

Displays auto calculated value.

(12) No. and date of receipted challans under which payment are made and TDS Certificates attached to this return in proof of payment

A. No. and date of Challan

Displays the challan number and date entered for the VAT payment voucher in Tax Payment Reconciliation screen.

B. No. and date of TDS Certificates ( Form VAT VII)

This field is left blank.

(13) Details of Bank account (only the changes in the Bank Account if any, during the return period to be reported)

This field is left blank.

Declaration

Displays the name, place, and date are displayed as provided in the Print Report screen of Form III .

Last updated for Release 5.5.3