https://help.tallysolutions.com/docs/te9rel64/Tax_India/VAT/jammu/jk_annx_48i.htm

Annexure 48I (Jammu & Kashmir)

Annexure 48I is a quarterly annexure. It has to be filed before the 30th day of the month succeeding the quarter. It displays the details of interstate purchases recorded during the return period.

Download the template of Annexure 48I from the E-Services Templates link of the commercial taxes department website .

Pre-requisites

Purchases recorded with the following nature of transactions are captured in Annexure 48I:

o Interstate Purchase - Taxable .

o Interstate Purchase Exempt .

o Interstate Purchase Exempt - With Form C

o Interstate Purchase - E2

o Interstate Purchase - E1

o Interstate Purchase - Against Form C

o Interstate Purchase Exempt - E1

To export data to Annexure 48I

1. Copy the excel template FORM VAT 48I.xls to the folder in which Tally.ERP 9 is installed.

2. Double-click FORM VAT 48I.xls template to open the file. The annexure template appears as shown below:

3. Go to Gateway of Tally > Display > Statutory Reports > VAT > Form VAT XI .

4. Click A : Annexures .

5. Select Annexure-48I and press Enter .

6. Press Ctrl+E to export the data to the template. Before exporting the data, Tally.ERP 9 will display the number of rows to be added in the template based on the data being exported.

7. Add the number of rows shown in the field No. of rows to be added to the template.

o Click Add Rows (+) in the VAT 48I sheet of the template.

o Press Ctrl+S to save the changes and close the template.

8. Press Enter to export data to the template. The relevant details are captured in Purchase Import sheet of the template.

Validation of Annexure 48I

Ensure macros are enabled before validating the data in the template.

Note: Macros are used to automate frequently-used tasks, such as, calculations, verification and analysis of data. The J&K VAT annexure excel templates have macros to verify data correctness and create upload file.

To validate the data exported to the template

1. Double-click FORMVAT 48I.xls template to open the file.

2. Click Validate in the Purchase Import sheet. If there are no errors, the message No error found in sheet. Do you want to generate Upload file? appears.

3. Click Yes .

4. Click Save . The upload file gets generated in .csv format in the same location.

Annexure Description - Annexure 48I (Jammu & Kashmir)

A brief explanation about the annexure columns is given below:

Column Name

Description

Date of Invoice*

Displays the:

Date entered for the Supplier Invoice no. in the invoice.

Date entered for Original Invoice No. in the debit note recorded for purchase returns.

Invoice Number*

Displays the:

Supplier Invoice no. entered in the invoice.

Original Invoice No. entered in the debit note recorded for purchase returns.

TIN of the Seller

Displays the VAT TIN predefined for the party ledger or as entered in the Party Details screen of the invoice.

Name of Seller

Displays the name of the party entered in the party ledger or in the Party Details screen of the invoice.

State of Seller

Displays the State predefined for the party ledger or as entered in the Party Details screen of the invoice.

0%

Displays the net assessable value of purchases and purchase returns recorded by selecting the following Nature of transactions :

Interstate Purchase Exempt

Interstate Purchase Exempt - E1

Interstate Purchase Exempt - With Form C

Interstate Purchase - E2

1%

Displays the net assessable value of purchases and purchase returns recorded with 1% tax rate by selecting the following Nature of transactions:

Interstate Purchase - Against Form C

Interstate Purchase - Taxable

Interstate Purchase - E1

5%

Displays the net assessable value of purchases and purchase returns recorded with 5% tax rate, by selecting the Nature of transaction as Interstate Purchase - Taxable .

13.5%

Displays the net assessable value of purchases and purchase returns recorded with 13.5% tax rate, by selecting the Nature of transaction as Interstate Purchase - Taxable .

40%

Displays the net assessable value of purchases and purchase returns recorded with 40% tax rate, by selecting the Nature of transaction as Interstate Purchase - Taxable .

(Other %)

Displays the tax rate of purchases and purchase returns recorded with other than 0%, 1%, 5%, 13.5% and 40% by selecting the following Nature of Transactions:

Interstate Purchase - Taxable

Interstate Purchase - E1

Interstate Purchase - Against Form C

Amount (Other %)

Displays the net assessable value of purchases and purchase returns recorded with other than 0%, 1%, 5%, 13.5% and 40% by selecting the following Nature of Transactions:

Interstate Purchase - Taxable

Interstate Purchase - E1

Interstate Purchase - Against Form C

Total Invoice Amount*

Displays auto calculated value.

System Total

Displays auto calculated value.