You can generate local sales returns 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 Sales invoice.
● VAT TIN should be of 11 digits with ' 29 ' as the first two digits
● Type of Dealer set to Regular
2. Nature of Transaction : In Local Sales Returns annexure, the value of transactions recorded in credit note using the following nature of transaction are displayed:
● Sales Taxable
● Sales - Works Contract
● Sales Exempt
● Sales Others
● Consignment Transfer Outward
3. VAT Rates : To display transaction details of sales returns recorded in credit note using the aforementioned taxable nature of transactions, the VAT rates have to be defined in the,
● Stock item master
● Sales ledger, if common ledger is not being used
The tax rates considered in this annexure for Sales 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 |
|
Credit Note No. |
Displays the voucher number of credit note. |
|
Credit Note Date (DD/MM/YYYY) |
Displays the voucher date of credit note in DD/MM/YYYY format. |
|
Buyer 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 credit note. |
|
Name of Buyer |
Displays the name of the party ledger selected in credit note. |
|
Net Value |
Displays the assessable value of credit note. |
|
Tax Value |
Displays the VAT amount of credit 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 Charges (Net Value + Tax Charged + Other Charges) |
Displays the value of credit note. |
|
Original Invoice Number |
Displays the number entered in Original Invoice No. field of credit note. |
|
Original Invoice Date (DD/MM/YYYY) |
Displays the date entered in the Original Invoice field of credit note in DD/MM/YYYY format. |
'Local Sales Returns Annexure (Karnataka)' has been shared with
