https://help.tallysolutions.com/docs/te9rel64/Tax_India/VAT/Odisha/OD_Annexure_V.htm

Annexure V - Form VAT 201 (Odisha)

Annexure V displays all adjustment values that are recorded by the dealer during the tax period.

To view Annexure V

1. Go to Gateway of Tally > Display > Statutory Reports > VAT > Form VAT 201 > Annexure Ready .

2. Press Enter .

3. Select Annexure V .

4. Press Enter .

T o export Annexure V

1. Copy the required excel template to the Tally.ERP 9 installation folder.

2. G o to Gateway of Tally > Display > Statutory Reports > VAT > Form VAT 201 > Annexure Ready .

3. Select Annexure V , and press Enter .

4. Press Ctrl+E to view the Export Report screen .

5. Press Enter to export.

The VAT amount entered in the journal vouchers recorded with the following details are captured in this annexure:

Debit note issued by seller for insufficient VAT in purchase

o Nature of Adjustment : Increase Of Output Tax

o Additional Details : Debit note issued by seller (insufficient VAT in purchase)

o Debit: Party ledger

o Credit: VAT ledger

Debit note issued to buyer for insufficient VAT in sales

o Nature of Adjustment : Increasing Input Tax

o Additional Details : Debit note issued to buyer (insufficient VAT in sales)

o Debit: VAT ledger

o Credit: Party ledger

Credit note issued by seller for excess VAT in purchase

o Nature of Adjustment : Decrease of Output Tax

o Additional Details : Credit note issued by seller (excess VAT in purchase)

o Debit: VAT ledger

o Credit: Party ledger

Credit note issued to buyer for excess VAT in sales

o Nature of Adjustment : Decrease of Input Tax

o Additional Details : Credit note issued to buyer (excess VAT in sales)

o Debit: Party ledger

o Credit: VAT ledger

A brief explanation about the annexure fields is given below:

Field Name

Description

Table I

01. Details of credit Note / Debit Note received

Credit note number

Displays the Original Invoice No. entered in the credit note.

Credit note date

Displays the Date entered in the credit note.

Value (in Rs.)

Displays the assessable value entered in the credit note.

Tax component (in Rs.)

Displays the tax value entered in the credit note.

Debit note number

Displays the Original Invoice No. entered in the debit note.

Debit note date

Displays the Date entered in the debit note.

Value (in Rs.)

Displays the assessable value entered in the debit note.

Tax component (in Rs.)

Displays the tax value entered in the debit note.

Table II

02. Effects of credit note / debit note received on the ITC

Rate of tax

Displays the tax rate against which the transactions are recorded for increase or decrease in purchase value.

Total value of credit note received (in Rs.)

Displays the total assessable value of the credit note received from the seller.

Total tax effect of credit notes received (in Rs)

Displays auto calculated value.

Total value of debit note received (in Rs.)

Displays the total assessable value of the debit note received from the seller.

Total tax effect of Debit notes received (in Rs.)

Displays auto calculated value.

Total

Displays auto calculated value.

Table III

03. Details of credit Note / Debit Note issued

Credit note number

Displays the Original Invoice No. entered in the credit note.

Credit note date

Displays the Date entered in the credit note.

Value (in Rs.)

Displays the assessable value entered in the credit note.

Tax component (in Rs.)

Displays the tax value entered in the credit note.

Debit note number

Displays the Original Invoice No. entered in the debit note.

Debit note date

Displays the Date entered in the debit note.

Value (in Rs.)

Displays the assessable value entered in the debit note.

Tax component (in Rs.)

Displays the tax value entered in the debit note.

Table IV

04. Effects of credit note / debit note issued on output tax

Rate of tax

Displays the tax rate against which the transactions are recorded for increase or decrease in sales value.

Total value of credit note issued (in Rs.)

Displays the total assessable value of the credit note issued from the seller.

Total tax effect of credit notes issued (in Rs)

Displays auto calculated value.

Total value of debit note issued (in Rs.)

Displays the total assessable value of the debit note issued from the seller.

Total tax effect of Debit notes issued (in Rs.)

Displays auto calculated value.

Total

Displays auto calculated value.

Last updated for Release 5.5.3