Form VAT 200

To generate Form VAT 200

1. Go to Gateway of Tally > Display > Statutory Reports > VAT > Form VAT 200.

2. Press Ctrl+P.

Note: To edit the details, click No. If Revised return is being filed, enter the date on which original return was filed in Date of Return field.

3. Press Enter to print the form.

The printed Form VAT 200 is shown below:

Page 1

Page 2

A brief explanation about the form fields is given below:

Field Name	Description
TIN	Displays the TIN entered in Company VAT Details screen of Statutory & Taxation features.
Enterprise Name	Displays the Mailing Name entered in the Company Creation screen.
Tax Division	Displays the tax division selected in the Division option of Company VAT Details screen.
Tax Circle	Displays the information entered in Circle field of Company VAT Details screen.
Return Type	Displays the status of the report if original or revised.
Return Date	Displays the Date of Return entered in the VAT Return 200 Printing screen. Click P: Print button of Form VAT 200 report.
Return Month - Year	Displays the month and year based on the period selected to view Form VAT 200 report.
01. Input tax credit from previous month VAT200	Displays auto-calculated value.
02. PURCHASES IN THE MONTH (INPUT)
(1) Exempt or non-creditable Purchases	Displays the net assessable value (purchase - purchase returns) of transactions recorded in purchase invoice and debit note and prices changes made using Credit Note in Value Excluding VAT column. ● Stock items must be predefined with the following settings: o The Schedule is selected as First Schedule in the item master. o Tax rate is defined as 1%, 2%, 5%, 14.5% at the item or stock group level. ● Any of the following Nature of Transactions have to be selected: o Purchase Exempt o Interstate Branch Transfer Inward o Interstate Consignment Transfer Inward o Imports o Interstate Purchase - Taxable o Interstate Purchase - Against Form C o Interstate Purchase - E1 o Interstate Purchase - E2 o Purchase From Unregistered Dealers o Purchase from Composition Dealer o Purchase Others
(2) 1%	Displays the values of transactions recorded by selecting stock items attaracting 1% tax rate in purchase invoice and debit note. ● Stock items must have the following settings: o The Schedule is selected as Third Schedule in the item master. o Tax rate is defined as 1% at the item or stock group level. ● Purchase Taxable has to be selected as the Nature of Transaction. Stock items must have the following settings: The Schedule is selected as Third Schedule in the item master. Tax rate is defined as 1% at the item or stock group level. Purchase Taxable as the Nature of Transaction. The net assessable value (purchase - purchase returns) and VAT are displayed in Value Excluding VAT and ITC Claimed columns respectively. The net assessable value and VAT are displayed in Value Excluding VAT and ITC Claimed columns respectively. (purchase - purchase returns) and price changes made using credit notes.
(3) 5%	Displays the values of transactions recorded by selecting stock items attracting 5% tax rate in purchase invoice and debit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Fourth Schedule in the item master. o Tax rate is defined as 5% at the item or stock group level. ● Any of the following Nature of Transactions have to be selected: o Purchase Taxable o Purchase - Works Contract o Purchase Taxable - Capital Goods The net assessable value and VAT are displayed in Value Excluding VAT and ITC Claimed columns respectively. (purchase - purchase returns) and price changes made using credit notes.
(4) 14.50%	Displays the values of transactions recorded by selecting stock items attracting 14.5% tax rate in purchase invoice and debit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Fifth Schedule in the item master. o Tax rate is defined as 14.5% at the item or stock group level. o Any of the following Nature of Transactions have to be selected: o Purchase Taxable o Purchase - Works Contract o Purchase Taxable - Capital Goods The net assessable value and VAT are displayed in Value Excluding VAT and ITC Claimed columns respectively. (purchase - purchase returns) and price changes made using credit notes.
(5) 16%	Displays the values of transactions recorded by selecting stock items attracting 16% tax rate in purchase invoice and debit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 16% at the item or stock group level. ● Non Creditable Purchase - Special Goods has to be selected as the Nature of Transaction. The net assessable value is displayed in Value Excluding VAT column. (purchase - purchase returns) and price changes made using credit notes.
(6) 20%	Displays the values of transactions recorded by selecting stock items attracting 20% tax rate in purchase invoice and debit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 20% at the item or stock group level. ● Non Creditable Purchase - Special Goods has to be selected as the Nature of Transaction. The net assessable value is displayed in Value Excluding VAT column. (purchase - purchase returns) and price changes made using credit notes.
(7) 22.25%	Displays the values of transactions recorded by selecting stock items attracting 22.5% tax rate in purchase invoice and debit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Petrol/Diesel is selected as the Type of Goods. o Tax rate is defined as 22.25% at the item or stock group level. ● Non Creditable Purchase - Special Goods has to be selected as the Nature of Transaction. The net assessable value is displayed in Value Excluding VAT column. (purchase - purchase returns) and price changes made using credit notes.
(8) 31.00%	Displays the values of transactions recorded by selecting stock items attracting 31% tax rate in purchase invoice and debit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Petrol/Diesel is selected as the Type of Goods. o Tax rate is defined as 31% at the item or stock group level. ● Non Creditable Purchase - Special Goods has to be selected as the Nature of Transaction. The net assessable value is displayed in Value Excluding VAT column. (purchase - purchase returns) and price changes made using credit notes.
(9) 33.00%	Displays the values of transactions recorded by selecting stock items attracting 33% tax rate in purchase invoice and debit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 33% at the item or stock group level. ● Non Creditable Purchase - Special Goods has to be selected as the Nature of Transaction. The net assessable value is displayed in Value Excluding VAT column. (purchase - purchase returns) and price changes made using credit notes.
(10) 70.00%	Displays the values of transactions recorded by selecting stock items attracting 70% tax rate in purchase invoice and debit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 70% at the item or stock group level. ● Non Creditable Purchase - Special Goods has to be selected as the Nature of Transaction. The net assessable value is displayed in Value Excluding VAT column. (purchase - purchase returns) and price changes made using credit notes.
(11) 130%	Displays the values of transactions recorded by selecting stock items attracting 130% tax rate in purchase invoice and debit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 130% at the item or stock group level. ● Non Creditable Purchase - Special Goods has to be selected as the Nature of Transaction. The net assessable value is displayed in Value Excluding VAT column. (purchase - purchase returns) and price changes made using credit notes.
(12) 140%	Displays the values of transactions recorded by selecting stock items attracting 140% tax rate in purchase invoice and debit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 140% at the item or stock group level. ● Non Creditable Purchase - Special Goods has to be selected as the Nature of Transaction. The net assessable value is displayed in Value Excluding VAT column. (purchase - purchase returns) and price changes made using credit notes.
(13) 150%	Displays the values of transactions recorded by selecting stock items attracting 150% tax rate in purchase invoice and debit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 150% at the item or stock group level. ● Non Creditable Purchase - Special Goods has to be selected as the Nature of Transaction. The net assessable value is displayed in Value Excluding VAT column. (purchase - purchase returns) and price changes made using credit notes.
(14) 160%	Displays the values of transactions recorded by selecting stock items attracting 160% tax rate in purchase invoice and debit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 160% at the item or stock group level. ● Non Creditable Purchase - Special Goods has to be selected as the Nature of Transaction. The net assessable value is displayed in Value Excluding VAT column. (purchase - purchase returns) and price changes made using credit notes.
(15) 175%	Displays the values of transactions recorded by selecting stock items attracting 175% tax rate in purchase invoice and debit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 175% at the item or stock group level. ● Non Creditable Purchase - Special Goods has to be selected as the Nature of Transaction. The net assessable value is displayed in Value Excluding VAT column. (purchase - purchase returns) and price changes made using credit notes.
(16) 190%	Displays the values of transactions recorded by selecting stock items attracting 190% tax rate in purchase invoice and debit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 190% at the item or stock group level. ● Non Creditable Purchase - Special Goods has to be selected as the Nature of Transaction. The net assessable value is displayed in Value Excluding VAT column. (purchase - purchase returns) and price changes made using credit notes.
Total Amount of Input Tax	Displays auto-calculated value.
03. SALES IN THE MONTH (OUTPUT)
(1) Exempt Sales and Exempt Transactions	Displays the net assessable value (sales - sales returns) of transactions recorded in sales invoice and credit note, and prices changes made using debit note in Value Excluding VAT column. ● Stock items must be predefined as First Schedule (the Schedule option must be set to First Schedule in the item master). ● Any of the following Nature of Transactions have to be selected: o Sales Exempt o Branch Transfer Outward o Consignment Transfer Outward
(2) Zero Rate Sales - International Exports	Displays the net assessable values of transactions recorded in sales invoice and credit note by selecting Exports as the Nature of Transaction. The amount is displayed in Value Excluding VAT column. (sales - sales returns) and price changes made using a credit note.
(3) Zero Rate Sales - Others (CST Sales)	This field displays the values of interstate transactions recorded in sales invoice and credit note. ● Stock items must be predefined with 1%, 2%, 5% and 14.5% tax rates. The tax rates can be defined at the item or stock group level. ● Any of the following Nature of Transactions have to be selected: o Interstate Sales - Taxable o Interstate Deemed Export o Interstate Sales - Zero Rated o Interstate Sales Exempt o Interstate Sales Exempt - E1 o Interstate Sales - E2 o Interstate Sales - E1 o Interstate Sales - Against Form C The net assessable value is displayed in Value Excluding VAT column. (sales - sales returns) and price changes made using a credit note.
(4) Tax Due on Purchase of goods	Displays the value of journal voucher recorded for input tax adjustment on purchases from unregistered dealers. The journal voucher has to be recorded by selecting: ● VAT as the Type of duty/tax. ● Input Tax Adjustment for Purchases From URDs as the Nature of Adjustment. Journal entry is given below: ● Debit: Expenses ledger. ● Credit: VAT ledger (grouped under Duties & Taxes; Type of duty/tax set to VAT; Use for Purchase Tax set to No). The VAT amount credited in the voucher appears in VAT Due in column. The assessable value entered in the sub screen displayed on selecting the VAT ledger is displayed in Value Excluding VAT in column.
(5) 1%	Displays the values of transactions recorded by selecting stock items attracting 1% tax rate in sales invoice and credit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Third Schedule in the item master. o Tax rate is defined as 1% at the item or stock group level. ● Sales Taxable has to be selected as the Nature of Transaction. The net assessable value and VAT are displayed in Value Excluding VAT and VAT Due in columns respectively. (sales - sales returns) and price changes made using a credit note.
(6) 5%	Displays the values of transactions recorded by selecting stock items attracting 5% tax rate in sales invoice and credit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Fourth Schedule in the item master. o Tax rate is defined as 5% at the item or stock group level. ● Any of the following Nature of Transactions have to be selected: o Sales Taxable o Sales - Works Contract The net assessable value and VAT are displayed in Value Excluding VAT and VAT Due in columns respectively. (sales - sales returns) and price changes made using a credit note.
(7) 14.50%	Displays the values of transactions recorded by selecting stock items attracting 14.5% tax rate in sales invoice and credit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Fifth Schedule in the item master. o Tax rate is defined as 14.5% at the item or stock group level. ● Any of the following Nature of Transactions have to be selected: o Sales Taxable o Sales - Works Contract The net assessable value and VAT are displayed in Value Excluding VAT and VAT Due in columns respectively. (sales - sales returns) and price changes made using a credit note.
(8) 16%	Displays the values of transactions recorded by selecting stock items attracting 16% tax rate in sales invoice and credit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 16% at the item or stock group level. ● Sales Taxable has to be selected as the Nature of Transaction. The net assessable value and VAT are displayed in Value Excluding VAT and VAT Due in columns respectively. (sales - sales returns) and price changes made using a credit note.
(9) 20%	Displays the values of transactions recorded by selecting stock items attracting 20% tax rate in sales invoice and credit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 20% at the item or stock group level. ● Sales Taxable has to be selected as the Nature of Transaction. The net assessable value and VAT are displayed in Value Excluding VAT and VAT Due in columns respectively. (sales - sales returns) and price changes made using a credit note.
(10) 22.25%	Displays the values of transactions recorded by selecting stock items attracting 22.25% tax rate in sales invoice and credit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Petrol/Diesel is selected as the Type of Goods. o Tax rate is defined as 22.25% at the item or stock group level. ● Sales Taxable has to be selected as the Nature of Transaction. The net assessable value and VAT are displayed in Value Excluding VAT and VAT Due in columns respectively. (sales - sales returns) and price changes made using a credit note.
(11) 31.00%	Displays the values of transactions recorded by selecting stock items attracting 31% tax rate in sales invoice and credit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Petrol/Diesel is selected as the Type of Goods. o Tax rate is defined as 31% at the item or stock group level. ● Sales Taxable has to be selected as the Nature of Transaction. The net assessable value and VAT are displayed in Value Excluding VAT and VAT Due in columns respectively. (sales - sales returns) and price changes made using a credit note.
(12) 33.00%	Displays the values of transactions recorded by selecting stock items attracting 33% tax rate in sales invoice and credit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 33% at the item or stock group level. ● Sales Taxable has to be selected as the Nature of Transaction. The net assessable value and VAT are displayed in Value Excluding VAT and VAT Due in columns respectively. (sales - sales returns) and price changes made using a credit note.
(13) 70.00%	Displays the values of transactions recorded by selecting stock items attracting 70% tax rate in sales invoice and credit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 70% at the item or stock group level. ● Sales Taxable has to be selected as the Nature of Transaction. The net assessable value and VAT are displayed in Value Excluding VAT and VAT Due in columns respectively. (sales - sales returns) and price changes made using a credit note.
(14) 130%	Displays the values of transactions recorded by selecting stock items attracting 130% tax rate in sales invoice and credit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 130% at the item or stock group level. ● Sales Taxable has to be selected as the Nature of Transaction. The net assessable value and VAT are displayed in Value Excluding VAT and VAT Due in columns respectively. (sales - sales returns) and price changes made using a credit note.
(15) 140%	Displays the values of transactions recorded by selecting stock items attracting 140% tax rate in sales invoice and credit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 140% at the item or stock group level. ● Sales Taxable has to be selected as the Nature of Transaction. The net assessable value and VAT are displayed in Value Excluding VAT and VAT Due in columns respectively. (sales - sales returns) and price changes made using a credit note.
(16) 150%	Displays the values of transactions recorded by selecting stock items attracting 150% tax rate in sales invoice and credit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 150% at the item or stock group level. ● Sales Taxable has to be selected as the Nature of Transaction. The net assessable value and VAT are displayed in Value Excluding VAT and VAT Due in columns respectively. (sales - sales returns) and price changes made using a credit note.
(17) 160%	Displays the values of transactions recorded by selecting stock items attracting 160% tax rate in sales invoice and credit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 160% at the item or stock group level. ● Sales Taxable has to be selected as the Nature of Transaction. The net assessable value and VAT are displayed in Value Excluding VAT and VAT Due in columns respectively. (sales - sales returns) and price changes made using a credit note.
(18) 175%	Displays the values of transactions recorded by selecting stock items attracting 175% tax rate in sales invoice and credit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 175% at the item or stock group level. ● Sales Taxable has to be selected as the Nature of Transaction. The net assessable value and VAT are displayed in Value Excluding VAT and VAT Due in columns respectively. (sales - sales returns) and price changes made using a credit note.
(19) 190%	Displays the values of transactions recorded by selecting stock items attracting 190% tax rate in sales invoice and credit note. ● Stock items must be predefined with the following settings: o The Schedule is selected as Sixth Schedule in the item master. o Tax rate is defined as 190% at the item or stock group level. ● Sales Taxable has to be selected as the Nature of Transaction. The net assessable value and VAT are displayed in Value Excluding VAT and VAT Due in columns respectively. (sales - sales returns) and price changes made using a credit note.
(20) For Oil Companies (Petrol and Diesel)	This row has to be filled manually.
Total amount of Output Tax	Displays auto-calculated value.
If Total Amount of Output Tax Exceeds Total Amount of Input Tax Pay this Amount	Displays the auto-calculated amount of VAT to be paid (Total amount of Output Tax column - Total Amount of Input Tax column).
04. ADJUSTMENT/CASH RECEIPTS DETAILS	Displays the Deposit Date, Name of the Bank, name of Branch, Branch Code (remittance) and Instrument No. entered in Stat Payment Details screen. To enter challan details 1. Go to Gateway of Tally > Display > Statutory Reports > VAT > Payment Reconciliation. 2. Select the payment voucher. 3. Click S: Set Details button. 4. Enter the payment details.
05. VAT Excess Credit	Displays auto-calculated value.
Refund/Credit Carried Forward Details
06. Refund	Displays the credit value of journal voucher recorded for input tax refund. The journal voucher has to be recorded by selecting: ● VAT as the Type of Duty/Tax. ● Refund of Input Tax as the Nature of Adjustment. ● Debit the refund claim ledger (grouped under Current Assets). ● Credit the VAT ledger (grouped under Duties & Taxes; Type of Duty/Tax set to VAT; Use for Purchase Tax set to No).
07. Credit Carried Forward	Displays auto-calculated value.
07a. If you want to adjust the excess amount against the liability under the CST Act please fill in this box the amount to be transferred towards CST liability.	Displays the value of journal voucher recorded for adjustment of input VAT against CST dues. The journal voucher has to be recorded by selecting: ● VAT as the Type of Duty/Tax. ● Decrease of Input Tax as the Nature of Adjustment. The Additional Details appears as Against CST in journal voucher. ● Debit the CST ledger (grouped under Duties & Taxes; Type of Duty/Tax set to CST). ● Credit the VAT ledger (grouped under Duties & Taxes; Type of Duty/Tax set to VAT; Use for Purchase Tax set to No).
07b. Net Credit Carried Forward	Displays auto-calculated value.
Declaration	Displays the Name, Status/Designation and Date entered in VAT Return 200 Printing screen of Form VAT 200 report.

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Form VAT 200