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https://help.tallysolutions.com/docs/te9rel66/Tax_India/VAT/Karnataka/ka_local_sales_return_annx.htm

Local Sales Returns Annexure (Karnataka)

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.

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