You can generate local purchase return annexure by exporting data to the e-filing template.
Following are the pre-requisites to capture values in this annexure.
1. Party Ledger : Following details should be defined in the party ledger selected in the purchase invoice.
● VAT TIN should be of 11 digits with ' 29 ' as the first two digits
● Type of Dealer set to Regular , Unregistered or Composition
2. Nature of Transaction : In Local Purchase Returns annexure, the values of Debit Notes recorded using the following Nature of Transaction are displayed:
● Purchase Taxable
● Purchase - Works Contract
● Purchase Exempt
● Purchase From Composition Dealer
● Purchase From Unregistered Dealer
● Purchase Others
● Consignment Transfer Inward
3. VAT Rates: To display transaction details of purchase returns recorded in debit note using the aforementioned taxable Nature of Transactions, the VAT rates have to be defined in the,
● Stock item master
● Purchase ledger, if common ledger is not being used
The tax rates considered in this annexure for purchase returns made to registered and unregistered dealers are, 1%, 2%, 4%, 5%, 5.5%, 12.5%, 13.5%, 14%, 14.5%, 15%, 15.65%, 17%, 20%, 25% and 28%.
The description on each column of this annexure is given below:
|
Field Name |
Description |
|
Debit Note No. |
Displays the voucher number of debit note. |
|
Debit Note Date (DD/MM/YYYY) |
Displays the voucher date of debit note in DD/MM/YYYY format. |
|
Seller TIN |
Displays the VAT TIN of 11 digits with 29 as the first two digits predefined in the party master or entered in the Party Details screen of debit note. |
|
Name of Seller |
Displays the name of the party ledger selected in debit note. |
|
Net Value |
Displays the assessable value of debit note. |
|
Tax Value |
Displays the input VAT amount of debit note. |
|
Other Charges |
Displays the value entered for separately charged expenses (ledger grouped under direct/indirect expenses with the option Use for Assessable Value Calculation set to No ). |
|
Total Value |
Displays the invoice value of debit note. |
|
Original Invoice Number |
Displays the number entered in Original Invoice No. field of debit note. |
|
Original Invoice Date (DD/MM/YYYY) |
Displays the date entered in the Original Invoice field of debit note in DD/MM/YYYY format. |
'Local Purchase Returns Annexure (Karnataka)' has been shared with
