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https://help.tallysolutions.com/docs/te9rel51/Tax_India/VAT/Delhi/Form_1_DVAT.htm

Form 1

To generate  Form 1

  1. Go to Gateway of Tally > Display > Statutory Reports > VAT > Form I

  1. Press Ctrl+P to display the Printing screen.

  1. Select the Type of Return as either Original or Revised.

  2. Enter the details in the fields provided for Name, Status/Designation, Place and Date.

  3. If the Type of Return is set to Revised, additional fields will appear to enter the details of Original returns. Enter the relevant information in these fields.

  1. Press Enter to print Form 1 in Word format.

The exported Form I appears as shown below:

                                                     VAT Form I (Pg - 1)

                                                      VAT Form I (Pg - 2)

                                                       VAT Form I (Pg - 3)

                                                    VAT Form I (Pg - 4)

 

The explanation of Form 1 is given below:

Ward No.

The Ward No. entered in the Additional Information section of Company VAT Details screen is displayed here.

Original/Revised

On selecting the Type of Return as Original in the Print Report screen of Form 1 report, this section will be blank. If the Type of Return is selected as Revised and following details of original return have to be provided. The same gets displayed in the relevant fields of this section.

  • Date of Original Return

  • Acknowledgement Number

  • Date of Discovery of Mistake/Error

  • Reasons for revision

R1 Tax Period

The Month or Quarter is displayed with the year depending on the From and To dates entered in the Print Report screen of Form 1 report.

R2.1 TIN

The TIN entered in Company VAT Details screen of Statutory & Taxation features is displayed here.

R2.2 Full Name of Dealer

The Mailing Name entered in the Company Creation screen is displayed here.

R2.3 Address

The Address entered in the Company Creation screen is displayed here.

R2.4 Mobile No.

The Mobile Number entered in the Company Creation screen is displayed here.

R3 Description of top items you deal in

The top five stock items, contributing to 80% or more of the sales volume, dealt with during the tax period is displayed here. For each stock item, the following details will be displayed:

  • Sl. No.: Stock items are listed in the order of volume sold.

  • Commodity Code: Commodity code predefined in the stock item master.

  • Description of Goods: Name of the commodity predefined in Commodity Name field of stock item master.

  • Rate of Tax: The Tax Rate predefined in the stock item master.

R4 Turnover Details

R4.1 Gross Turnover

The total of local and interstate sales (box R4.2 + R4.3) is displayed here.

R4.2 Local Turnover

The assessable value of sales, other than Sales Exempt, recorded using Nature of Transactions provided for local sales is displayed here. In case of transactions recorded using Sales Exempt as the Nature of Transaction, the net value is displayed.

R4.3 Central Turnover

The assessable value of all sales, other than Interstate Sales Exempt, recorded using Nature of Transactions provided for interstate sales is displayed here. In case of transactions recorded using Interstate Sales Exempt as the Nature of Transaction, the net value is displayed.

R5 Less: Value of goods returned for sales made during the current tax period

The total assessable value of sales returns recorded using all the Nature of Transactions, other than Sales Exempt and Interstate Sales Exempt, provided for sales is displayed here.

R5.1 Net Turnover (Central) (R4.3 - R 5.0)

The net turnover of interstate sales (box R4.3 - R5.0) is displayed here.

R6 Deductions Claimed

R6.1 Export outside India

R6.1 (1) Exports [Sec. 5(1)]

The assessable value of all sales recorded using the Nature of Transaction Exports is displayed here.

R6.1 (2) High Sea Sales

The assessable value of all inter-state sales recorded using the Nature of Transaction Sales High Seas is displayed here.

R6.1(3) Sale against H Forms [Sec. 5(3) ( Inter-State)]

The assessable value of all inter-state sales recorded using the Nature of Transaction Interstate Deemed Export is displayed here.

R6.1(4) Sub-Total [R6.1(1)+R6.1(2)+ R6.1(3)]

The total value of exports, high sea sale and deemed exports [box R6.1(1) + R6.1(2) + R6.1(3)] is displayed here.

R6.2(1) On consignment basis

The assessable value of all inter-state sales recorded using the Nature of Transaction Interstate Consignment Transfer Outward is displayed here.

R6.2(2) Branch Transfer

The assessable value of all inter-state sales recorded using the Nature of Transaction Interstate Branch Transfer Outward is displayed here.

R6.2(3) Own goods transferred for Job Work against F Form

The value of goods entered in Material Out voucher is displayed here only when:

  • A godown, in which the option Our Stock with Third Party is enabled, is selected in Destination Godown option

  • Form F is selected in Statutory Details screen (displayed on enabling the option Provide Statutory Details)

  • Stock item attracts 0%, 1%, 5%, 12.5% and 20% tax rates.

R6.2(4) Other dealers 'goods returned after Job work against F-Form

The value of goods entered in Material Out voucher is displayed here only when:

  • A godown, in which the option Third Party Stock with Us is enabled, is selected in Destination Godown option.

  • Form F is selected in Statutory Details screen (displayed on enabling the option Provide Statutory Details).

  • Stock item attracts 0%, 1%, 5%, 12.5% and 20% tax rates.

R6.2(3) Sub-Total [R6.2(1)+R6.2(2)+R6.2(3)+R6.2(4)]

The total value of sales recorded against Form F [box R6.2(1) + R6.2(2) + R6.2(3) + R6.2(4)] is displayed here.

R6.3 Sales against C+E-I/ E-II Forms [Sec.6(2)]

The assessable value of all inter-state sales recorded using the following Nature of Transactions by selecting stock items predefined with 1% and 2% tax rates is displayed here.

  • Interstate Sales - E1

  • Interstate Sales - E2

  • Interstate Sales Exempt - E1

R6.4 Sales to diplomatic missions & U.N. etc. [Sec.6(3)]

The assessable value of all inter-state sales recorded with the following details is displayed here.

  • The Nature of Transaction is selected as Interstate Sales - Zero Rated

  • In the party ledger master, the Type of Exemption selected is Diplomatic Missions & U.N.

R.6.5 Sale of Exempted Goods (specified in Schedule 1 of DVAT ACT)

The assessable value of all inter-state sales recorded using the Nature of Transaction Interstate Sales Exempt is displayed here.  

R6.6 Sales covered under proviso to [Sec.9(1)] Read with Sec.8(4)]

The assessable value of sales recorded using Nature of Transaction Sales Non-Creditable is displayed here.

R6.7 Sales of Goods Outside Delhi (Sec.4)

This field is currently blank.

R6.8 Sale to S.E.Z. against Form I [Sec.8(6) to 8(8)]

The assessable value of all inter-state sales recorded using the Nature of Transaction Interstate Sales - Zero Rated is displayed here.

R6.9 Cost of Freight, deliveries, freight or installation, separately charged and cash discount allowed according to ordinary trade practices

The value entered in sales invoice for additional ledgers grouped under Direct/Indirect Expenses predefined with the following settings is displayed here.

  • Is VAT/CST Applicable is set to Not Applicable

  • Use for Assessable Value Calculation is set to No

R6.10 Job work, labour & Services charges for works contracts not amounting to sales but included in the Central Turnover

The amount deducted towards labour charges in works contract sales recorded with the following details is displayed here:

  • Sales transaction is recorded using the Nature of Transaction Interstate Sales - Works Contract.

  • In the Works Contract Details screen of sales invoice, the Type of Works Contract is set to Others and percentage or amount of deduction is entered only in Deduction for Labour Charges field.

R6.11 Total deductions claimed [R6.1(4) to R6.10)

The total deductions [box R6.1(4) to R6.10] is displayed here.

R6.12 Balance Total Taxable turnover of Inter State Sales (R5.1-R6.11)

The taxable turnover after considering the deductions [box R5.1 - R6.11] is displayed here.

R7.1 Turnover of Goods sold against C-Form (excluding sale of capital assets) [Goods specified in Schedule III of DVAT Act ( i.e.@ 5%)]

The assessable value of all inter-state sales recorded using the Nature of Transaction Interstate Sales - Against Form C by selecting stock items predefined with 5% tax rate is displayed in Turnover column.

The CST calculated on this assessable value using the CST ledger (grouped under Duties & Taxes with Type of Duty/Tax as CST) is displayed in Tax Payable column.

R7.2 Turnover of Goods sold against C-Form [goods not specified in any of the Schedules of DVAT Act ( i.e.@ 12.5%)]

The assessable value of all inter-state sales recorded using the Nature of Transaction Interstate Sales - Against Form C by selecting stock items predefined with 12.5% tax rate is displayed here.

The CST calculated on this assessable value using the CST ledger (grouped under Duties & Taxes with Type of Duty/Tax as CST) is displayed in Tax Payable column.

R7.3 Turnover of Goods sold against C-Form [Fourth Schedule of DVAT ACT ( i.e.@ 20%)]

The assessable value of all inter-state sales recorded using the Nature of Transaction Interstate Sales - Against Form C by selecting stock items predefined with 20% tax rate is displayed here.

The CST calculated on this assessable value using the CST ledger (grouped under Duties & Taxes with Type of Duty/Tax as CST) is displayed in Tax Payable column.

R7.4 Turnover of Goods (specified in Schedule II of DVAT Act)

The assessable value of all inter-state sales recorded using the Nature of Transaction Interstate Sales - Taxable by selecting stock items predefined with 1% tax rate is displayed here.

The CST calculated on this assessable value using the CST ledger (grouped under Duties & Taxes with Type of Duty/Tax as CST) is displayed in Tax Payable column.

R7.5 Turnover of Goods sold without C-Form [Goods specified in Schedule III of DVAT Act ]

The assessable value of all inter-state sales recorded using the Nature of Transaction Interstate Sales - Taxable by selecting stock items predefined with 5% tax rate is displayed here.

The CST calculated on this assessable value using the CST ledger (grouped under Duties & Taxes with Type of Duty/Tax as CST) is displayed in Tax Payable column.

R7.6 Turnover of Goods sold without C-Form [ goods not specified in any of the Schedules of DVAT Act]

The assessable value of all inter-state sales recorded using the Nature of Transaction Interstate Sales - Taxable by selecting stock items predefined with 12.5% tax rate is displayed here.

The CST calculated on this assessable value using the CST ledger (grouped under Duties & Taxes with Type of Duty/Tax as CST) is displayed in Tax Payable column.

R7.7 Turnover of Goods sold without C-Form [Fourth Schedule of DVAT Act]

The assessable value of all inter-state sales recorded using the Nature of Transaction Interstate Sales - Taxable by selecting stock items predefined with 20% tax rate is displayed here.

The CST calculated on this assessable value using the CST ledger (grouped under Duties & Taxes with Type of Duty/Tax as CST) is displayed in Tax Payable column.

R7.8 Total (R7.1 to R7.7)

The total of taxable turnover and CST [box R7.1 to R7.7] are displayed in Turnover and Tax Payable columns respectively.

R7.9 Less: Amount of tax on value of sold goods return under CST Act, for the previous tax periods but not older than six months

The assessable value of all Credit Note recorded using the Nature of Transaction Interstate Sales - Taxable and Interstate Sales - Against Form C by selecting Not Applicable as the Nature of Return in Statutory Details screen is displayed here.

The CST calculated on this assessable value using the CST ledger (grouped under Duties & Taxes with Type of Duty/Tax as CST) is displayed in Tax Payable column.

R7.10 Balance Tax Payable (R7.8-R7.9)

The balance amount of tax payable after deducting tax on sales returns [box R7.8 - R7.9] is displayed here.

R7.11 Balance Carried forward from previous tax period

This shows the amount of un-utilised tax credit brought forward from previous return period.

R7.12 Adjustment of Excess Tax Credit under DVAT towards CST liability (refer item R9.1 of Form DVAT-16)

The value of entry recorded in Journal voucher by select Adjustment Towards CST as the VAT Adjustment is displayed here. The journal entry is given below:

In journal voucher select Adjustment Towards CST in Used for field

Debit: CST ledger (grouped under Duties & Taxes with Type of Duty/Tax as CST)

Credit: Input VAT ledger (grouped under Duties & Taxes with Type of Duty/Tax as VAT)

R7.13 Net Tax [R7.10 – (R7.11 + R7.12 )]

The net tax liability [R7.10 - (R7.11 + R7.12)] is displayed here.

R 7.14 Interest, if payable

The value of entry recorded in Journal voucher by select Interest Payable on CST as the VAT Adjustment is displayed here. The journal entry is given below:

In Journal voucher select Interest Payable on CST in Used for field

Debit: Interest Expenses (grouped under Indirect Expenses)

Credit: Interest Payable ledger (grouped under Current Liabilities)

R.7.15 Penalty, if payable

The value of entry recorded in Journal voucher by select Penalty Payable on CST as the VAT Adjustment is displayed here. The journal entry is given below:

In journal voucher select Penalty Payable on CST in Used for field

Debit: Penalty (grouped under Indirect Expenses)

Credit: Penalty Payable ledger (grouped under Current Liabilities)

R7.16 Balance Payable (R.7.13+R7.14 +R7.15)

The total tax liability [R.7.13 + R7.14 + R7.15] is displayed here.

R7.17 Less: Amount deposited by the dealer (attach proof of payment with Form DVAT-56)

The details of CST dues paid using S: Stat Payment button of Form I report by specifying the bank details in VAT Payment Details screen of payment voucher is captured here.

R8 Net Balance* (R7.16- R7.17)

The net amount payable [box R7.16 - R7.17] is displayed here.

R9 Balance brought forward from line R8 (positive balance of R8)

The balance of input tax credit of box R8 is displayed here. Value will be displayed here only if the amount deposited is more than the liability payable.

R9.1 Adjusted against liability under Local Act

The debit values of entries recorded in Journal voucher by selecting Adjustment of Excess CST Towards VAT as the VAT Adjustment is displayed here.

In journal voucher select Adjustment of Excess CST Towards VAT in Used for field.

Debit: Input VAT ledger (grouped under Duties & Taxes with Type of Duty/Tax as VAT).

Credit: CST ledger (grouped under Duties & Taxes with Type of Duty/Tax as CST).

R9.2 Balance carried forward to next tax period

The excess input VAT credit available after adjusting the CST dues and claiming refund is displayed here.

R10 Year-wise details of pending forms/ declarations

This section will be currently blank.

R 11. Utilisation Account of Declaration Forms issued in Advance before filing of the tax return

This section will be currently blank.

R12. Verification

The Name of the authorised person entered in Print Report screen of Form 1 is displayed here.

Signature of the Authorised Signatory, Full name (first name, middle, surname), Designation/Status

The Name, Status/Designation of the authorised person entered in Print Report screen of Form 1 is displayed in relevant fields of this section.

Place

The Place entered in Print Report screen of Form 1 is displayed here.

Date

The Date entered in Print Report screen of Form 1 is displayed here.

 

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