Annexure-1B displays the details of capital goods purchased and the input credit claimed on it during the return period.
Pre-requisites
1. Purchase Transaction
● The Type of Dealer must be set to Regular in the party master, and in the Party Details screen of the purchase voucher.
● In the ledger grouped under Fixed Assets ,
o The Nature of Transaction must be selected as Purchase Taxable - Capital Goods .
o The Type of goods must be set to Not Applicable .
● VAT ledger has to be selected in the voucher to avail the first installment of tax credit.
Journal Voucher
2. In the journal voucher,
● Click J : Stat Adjustment . In the VAT Details screen,
● Select the Nature of adjustment as Input Tax Credit Admitted On Capital Goods .
● Debit the VAT ledger and select the purchase voucher reference in the Credit Settlement Details screen.
● Credit the current assets ledger.
● Press Ctrl+A to accept.
Add the required number of rows to the template for exporting data
1. Copy the excel template Offline_Return_version_1.5 to the Tally.ERP 9 installation folder.
2. Go to Gateway of Tally > Display > Statutory Reports > VAT > Form VAT III .
3. Press Ctrl+E to view the Export Report screen. Based on the Form VAT III report period, the quarter for which the return is being filed is displayed.
4. Select the Type of Return as Original or Revised . The type of return selected here gets considered for all annexures.
5. Set the option Show number of rows to add to Yes and press Enter to view the Form VAT III Excel Template Validations screen.
o Add the number of rows, as shown in this screen, for Annexure 1B, to capture the details in the template while exporting data.
o Press Ctrl+A to accept.
6. Press Enter to export data to the template. The relevant details are captured in Annexure 1B sheet of the template.
Export data only to Annexure 1B sheet of the template
1. Go to Gateway of Tally > Display > Statutory Reports > VAT > Form VAT III .
2. Click A : Annexures .
3. Select Annexure-1B and press Enter .
4. Click E : Export to view the Export Report screen. Based on the Form VAT III report period, the From and To dates are displayed here. These dates can be changed from the e-VAT Annexures report, if required. Ensure that the required number of rows are added to the template before exporting data.
5. Press Enter to export data.
The description of the fields in Annexure 1B is given below:
|
Field Name |
Description |
|
Sr. No. |
Displays the serial number of transactions. |
|
Date of invoice issued by the regd. Selling dealer |
Displays the supplier invoice Date entered in the purchase voucher. |
|
TIN of regd. Selling dealer |
Displays the VAT TIN predefined for the party ledger or as entered in the Party Details screen of the voucher. |
|
Invoice Number |
Displays the Supplier Invoice No. entered in the purchase voucher. |
|
Sale Value (before tax) |
Displays the assessable value of the fixed asset: ● Selected in the purchase voucher. ● Pre-filled in the Assessable Value column of the Credit Settlement Details screen of journal voucher based on the purchase voucher reference selected for VAT ledger. |
|
Rate of tax charged in percentage |
Displays the rate of tax applicable on the fixed assets ledger selected in the voucher. If the ledgers selected in a single voucher attract: ● Different VAT rates, then each ledger details appear in separate rows. ● Same rate, then the values are consolidated and displayed in a single row. |
|
Amount of tax charged |
Displays auto calculated value. |
|
Name of goods purchased |
Displays the Commodity name predefined for the fixed assets ledger selected in the voucher. |
