https://help.tallysolutions.com/docs/te9rel64/Tax_India/VAT/Punjab/PB_Worksheet_4.htm

Worksheet 4 - e-VAT Form 15 (Punjab)

On exporting data to VAT-15 template, the relevant details are displayed in Worksheet 4.

Field Name

Description

4A. Goods purchased from exempted units

(a) Total purchases made during the return period

Displays auto calculated value.

(b). (i) Less: goods return

Displays zero in this field.

(b). (ii) Less : Cash Discount

Displays zero in this field.

(c). Less: goods used in manufacturing of tax free goods

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

(d) Less: goods exported out of India

Displays the value of purchases with Exports and Deemed Exports selected as the nature of transaction.

(e) Less: goods used in branch transfer/ consignment

Displays the value entered in the field Purchase value if purchase made from Exempted Unit , in Statutory Details screen of purchase invoice for the following nature of transactions:

Branch Transfer Outward

Interstate Branch Transfer Outward

Consignment Transfer Outward

Interstate Consignment Transfer Outward

(f) Less: Capital goods

Displays the assessable value of purchase of capital goods recorded.

(g) Less : sales made to other than taxable person

Displays the amount entered in the field Purchase value (if purchased from exempted units) , in VAT Details screen of sales invoice recorded with the following nature of transactions:

Sales Taxable

Sales - Tax Free

Sales Exempt

(h) Less : goods not eligible for ITC u/s 13(5)

Displays the assessable value of Non Creditable Purchase - Special Goods .

(i) Less: any other on which notional ITC not available

Displays the credit value entered for purchase exempt ledger in journal voucher to reverse the tax credit on other purchases .

(j) Net purchases eligible for notional ITC

Displays auto calculated value.

4B. Notional Input Tax Credit (For purchase from Exempted units only)

(a) Brought forward from previous return period

Displays auto calculated value. If opening balance is provided for notional tax ledger , the same is displayed.

(b) Add notional ITC @4% on purchases during period [as per WS-4A(j)]

Displays auto calculated value.

(c)Total Notional ITC available

Displays auto calculated value.

(d) Less: Notional ITC reversal if no stock of goods

Displays the credit value entered for notional tax ledger in journal voucher to reverse the tax credit when stock is unavailable .

(e) Net Notional ITC available

Displays auto calculated value.

4C. Information to be furnished by exempted unit

(a) Entitlement certificate no.

Displays the Entitlement Certificate No. entered in the Company VAT Details screen.

(b) Entitlement certificate date (dd/mm/yyyy)

Displays the Date entered for the Entitlement Certificate No. in the Company VAT Details screen.

(c) Date of expiry of exemption / deferment (dd/mm/yyyy)

Displays the Date of Expiry of Exemption/Deferment entered in the Company VAT Details screen.

(d) Total amount of exemption / deferment allowed

Displays the Total Amount of Exemption/Deferment allowed entered in the Company VAT Details screen.

(e) Output liability under

(i) PVAT

Displays auto calculated value.

(ii) CST

Displays auto calculated value.

(f) Output tax liability on branch transfers/consignment sales

This field will be currently left blank.

(g) Total Exemption availed (e)(i) + (e)(ii) + (f)

Displays auto calculated value.

(h) (i) Exemption/deferment available at the beginning of the return period (including under CST Act)

Displays the Opening Balance of Exemption/Deferment Amount entered in Export Report screen of Form 15 report.

(h) (ii) Exemption/deferment availed during the return period including refunds received

Displays the Exemption/deferment availed during the return period including refunds received entered in Export Report screen of Form 15 report.

(h) (iii) Balance at the end of the return period

Displays auto calculated value.