https://help.tallysolutions.com/docs/te9rel64/Tax_India/VAT/jammu/jk_annx_48l.htm

Annexure 48L (Jammu & Kashmir)

Annexure 48L is a quarterly annexure. It has to be filed before the 30th day of the month succeeding the quarter. It displays the details of taxable and interstate purchases made across the line of control during the return period.

Download the template of Annexure 48L 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 48L:

o Purchase Exempt

o Purchase Taxable

o Purchase from Unregistered Dealer

The option Is LOC Purchases? is set to Yes in the Statutory Details screen of the purchase invoice and debit note.

To export data to Annexure 48L

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

2. Double-click FORM VAT 48L.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-48L 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 48L 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 VAT 48L sheet of the template.

Validation of Annexure 48L

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 FORM VAT 48L.xls template to open the file.

2. Click Validate in the VAT 48L 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 48L (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 the 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.

Name of Seller*

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

Nature of Commodity*

Displays the Commodity Name predefined in the accounts or inventory masters of purchases and purchase returns recorded by:

Selecting the following Nature of transactions:

o Purchase Exempt

o Purchase Taxable

o Purchase from Unregistered Dealer

Setting the option Is LOC Purchases? to Yes in the Statutory Details screen of the purchase invoice.

0%

Displays the net assessable value of purchases and purchase returns recorded by:

Selecting Purchase Exempt as the Nature of transaction .

Setting the option Is LOC Purchases? to Yes in the Statutory Details screen of the purchase invoice.

1%

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

Selecting the following Nature of transactions:

o Purchase Taxable

o Purchase from Unregistered Dealer

Setting the option Is LOC Purchases? to Yes in the Statutory Details screen of the purchase invoice.

5%

Displays the net assessable value of purchases and purchase returns recorded with 5% tax rate by:

Selecting the following Nature of transactions:

o Purchase Taxable

o Purchase from Unregistered Dealer

Setting the option Is LOC Purchases? to Yes in the Statutory Details screen of the purchase invoice.

13.5%

Displays the net assessable value of purchases and purchase returns recorded with 13.5% tax rate by:

Selecting the following Nature of transactions:

o Purchase Taxable

o Purchase from Unregistered Dealer

Setting the option Is LOC Purchases? to Yes in the Statutory Details screen of the purchase invoice.

40%

Displays the net assessable value of purchases and purchase returns recorded with 40% tax rate by:

Selecting the following Nature of transactions:

o Purchase Taxable

o Purchase from Unregistered Dealer

Setting the option Is LOC Purchases? to Yes in the Statutory Details screen of the purchase invoice.

(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:

o Purchase Taxable

o Purchase from Unregistered Dealer

Setting the option Is LOC Purchases? to Yes in the Statutory Details screen of the purchase invoice.

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:

o Purchase Taxable

o Purchase from Unregistered Dealer

Setting the option Is LOC Purchases? to Yes in the Statutory Details screen of the purchase invoice.

Total Invoice Amount*

Displays the total assessable value of purchases and purchase returns recorded by:

Selecting the following Nature of transactions:

o Purchase Taxable

o Purchase from Unregistered Dealer

Setting the option Is LOC Purchases? to Yes in the Statutory Details screen of the purchase invoice.

System Calculated VAT Charged

Displays auto calculated value.

System Generated Total

Displays auto calculated value.