VAT Form- 07 captures details of taxable purchases made from registered dealers within the state in the current period. The registered dealer submits the Form 7 along with VAT Form 10.
Transactions that fulfill the following prerequisites will be captured in the Form 07:
Transaction where the Nature of Transactions is
Purchase Taxable
Purchase - Works Contract or
Purchase Taxable - Capital Goods
In party ledger master,
The VAT TIN number is 11 digits long and does not start with 08
The Type of Dealer selected is RegularTo view VAT Form-07
To view Form 07
Go to Gateway of Tally > Display > Statutory Reports > VAT > Form VAT 10 > Select Annexure Ready > press Enter.
To print the form
Select Form 7, and press Enter.
Press Ctrl + P to print the form.
Enter required details in From (blank for beginning), To (blank for end), Name, Status/Designation, Place and Date field.
Press Enter to print the form.
The different fields in the form are described below:
Displays the name of the dealer submitting Annexure Form 07 along with Form 10, as entered in the company master.
Displays the TIN no. of the dealer submitting the returns, as recorded in the TIN field of Company VAT Details screen in F11: Statutory & Taxation.
Displays the details of local purchases of goods other than capital goods, from registered dealers.
Displays the serial numbers, incremental by 1, for the sales transactions captured in this section.
Displays the VAT invoice number given by the seller, on the purchase of goods other than capital goods, as recorded in Supplier Invoice No. field of purchase invoice.
Displays the date on which goods were purchased from registered dealers, as recorded in purchase invoice.
Displays the name of the local dealer from whom goods other than capital goods are purchased, as recorded in the ledger master of the supplier selected in the purchase transaction.
Displays the TIN number recorded in the TIN/Sales Tax No. field of VAT Details screen in ledger master of the supplier selected in the purchase transaction.
Displays the Commodity Name assigned to the item selected in the purchase transaction. When there are multiple commodities in a transaction, each one is captured in different row.
Displays the Schedule and Schedule Serial No. of the commodity assigned to the item selected in the purchase transaction. If there are multiple commodities in a transaction, each is captured in different row.
Displays the purchase value of the goods purchased by the dealer in the current return period. The purchase value of each commodity in the purchase transaction is captured in this field against the respective commodity name.
Displays the VAT amount paid by the dealer on each local purchase of goods from registered dealers in the current return period. The VAT paid on each commodity in a purchase transaction of capital goods is captured in this field.
Displays the Gross amount of VAT Invoice for the purchase of goods other than capital goods from registered dealers. The gross amount paid for each commodity in purchase transaction will be displayed.
This section captures the details of local purchases of capital goods from registered dealers.
Displays the serial numbers, incremental by 1, for the purchase transactions captured in this section.
Displays the VAT Invoice No. given by the seller, as recorded in Supplier Invoice No. field of purchase invoice, on the purchase of capital goods is captured in this column.
Displays the date on which goods were purchased from registered dealers (as recorded in the Date field in purchase invoice).
Displays the name of the local dealer from whom capital goods are purchased (as recorded in the ledger master of the supplier selected).
Displays the TIN number, as recorded in the TIN/Sales Tax No. field of VAT Details screen in ledger master of the supplier selected in the purchase transaction.
Displays the commodity name of the capital goods purchased by the dealer. The Commodity Name assigned to the item selected in the purchase transaction is captured in this field. If there are multiple commodities in a transaction, each one is captured in different row.
Displays the schedule and schedule serial number of the commodity (assigned to the item selected in the purchase transaction). If there are multiple commodities in a transaction, each is captured in different row.
Displays the purchase value of the capital goods purchased by the dealer in the current return period. The purchase value of each commodity in the purchase transaction is captured in this field against the respective commodity name.
Displays the VAT amount paid by the dealer on each local purchase of capital goods from registered dealers in the current return period.
Displays the gross amount of VAT invoice for the purchase of every capital good from registered dealers.
Displays the place where the dealer/authorized person for submitting the returns is located (as recorded in the Place field on Print Report screen of Form 07).
Displays the date recorded in the Date field on the Print Report screen of Form 07.
Displays the signature of the dealer/authorised person who is submitting the returns for the current return period. Authorised person can sign in this field after taking the print out of the form.
Displays the full name of the dealer/authorized person submitting the returns (as recorded in the Name field on the Print Report screen of Form 07).
Displays the status of the dealer/authorized person submitting the returns (as recorded in the Status/Designation field in Print Report screen of Form 07).
