Chandigarh

• CST dues adjusted against input tax credit and transactions of 5% CST rate were not considered in Form 1, resolved:

• After recording a journal voucher for adjusting CST dues against available input tax credit, the adjusted amount was not being deducted from the Total Tax payable on row of CST Form 1. Also, it was appearing as the Balance Due/Excess paid, if any.

  Now, the adjusted amount is deducted from Total Tax payable on row and not displayed in Balance Due/Excess paid, if any row of CST Form 1.

• Assessable value of transactions attracting 5% CST rate were not displayed in box 3 of CST Form 1

  Now, the value of transaction recorded with 5% CST rate is displayed in box 3 of CST Form 1.

• Sales recorded for 12.5% VAT rate were displayed as sales of 22% in VAT15(CH).xls file, resolved: On exporting data to VAT15(CH).xls file, the transaction details of sales recorded for 12.5% VAT rate were displayed in the row provided for 22% in section 2 of worksheet.

  Now, the transactions details of sales attracting 12.5% VAT rate are displayed in the row provided for 12.5% in VAT15(CH).xls Worksheet.

• In Form VAT 16, the value of intra-state purchases incorrectly captured, resolved: When an exempt purchase and a taxable purchase were recorded in the same transaction, then the assessable value of the exempt purchase was not captured in the Form VAT 16.

  Now, the value of intra-state purchases is captured accurately. This is the consolidated net assessable value of all local transactions.

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