Exporting Form VAT 15

To generate Form 15

1. Go to Gateway of Tally > Display > Statutory Reports > VAT > Form 15.

2. Press Ctr+E.

3. Select Excel (Spreadsheet) in Format field.

Note:

(i) Ensure that the directory specified at Export Location has the Form15(CH).xls template downloaded from the department website.

(ii) Period provided to generate Form 15 report appears in From and To fields of Export Report screen.

4. Enter the Name and Status/Designation of authorised person.

5. Enter the Place of filing returns.

6. Enter the Date of filing original return.

7. Press Enter to export the form.

The exported form appears as shown below:

Field Name	Description
VRN	Displays the TIN entered in Company VAT Details screen of Statutory & Taxation features.
For Period - From and To	Displays the From (blank for beginning) and To (blank for end) dates captured in Export Report screen of Form 15 report.
Name of the person	Displays the Mailing Name entered in the Company Creation screen.
Address of the person	Displays the Address entered in the Company Creation screen.
Pin	Displays PIN Code entered in the Company Creation screen.
State	Displays the State selected in the Company Creation screen.
Tel	Displays the Telephone No. entered in the Company Creation screen.
Fax	Displays the Fax No. entered in the Company Creation screen.
Email address	Displays the E-Mail entered in the Company Creation screen.
1 SALES DETAILS
(a) Gross Sales*	Displays the following details: ● Gross assessable value of taxable sales. Displays the value of sales recorded with the following nature of transactions: ● Sales Taxable ● Sales - Works contract ● Net assessable value of taxable inter-state sales. Displays the value of sales recorded with the following nature of transactions: ● Interstate Sales - Against Form C ● Interstate Sales - E1 ● Interstate Sales - Taxable ● Interstate Sales - Works Contract ● Net assessable value of exempt sales Displays the value of sales recorded with the following nature of transactions: ● Interstate Sales - E2 ● Interstate Deemed Export ● Interstate Sales Exempt ● Interstate Sales Exempt - E1 ● Deemed Export ● Exports ● Interstate Sales - Zero Rated ● Sales Exempt: In the ledger, the Party Entity/Org. Type can be set to Exempted Unit or Not Applicable. ● Sales Zero Rated: The option Party Entity/Org. Type can be set to any of the following: o Not Applicable o Diplomatic Missions, U.N, UNICEF, WHO & Foreign Aid o SEZ / STP / EHTP ● Discount value entered for sales with Sales Taxable and Sales - Works Contract selected as the nature of transactions.
(b) Less: Zero rated sales	Displays the net assessable value of exports, deemed exports and zero rated sales. Displays the value of sales recorded with the following nature of transactions: ● Exports ● Deemed Export ● Interstate Deemed Export ● Sales Zero Rated: The option Party Entity/Org. Type can be set to any of the following: o Not Applicable o Diplomatic Missions, U.N, UNICEF, WHO & Foreign Aid o SEZ / STP / EHTP
(c) Less: Inter-state sales	Displays the net assessable value of interstate sales. Displays the value of sales recorded with the following nature of transactions: ● Interstate Sales - Against Form C ● Interstate Sales - E1 ● Interstate Sales Exempt - E1 ● Interstate Sales Exempt ● Interstate Sales - E2 ● Interstate Sales - Taxable ● Interstate Sales - Works Contract ● Interstate Sales - Zero Rated: The option Party Entity/Org. Type can be set to any of the following: o Not Applicable o Diplomatic Missions, U.N, UNICEF, WHO & Foreign Aid o SEZ / STP / EHTP
(d) Less : Tax free sales	Displays the net assessable value of tax free and exempt sales. Displays the value of sales recorded with the following nature of transactions: ● Sales Exempt: In the ledger, the Party Entity/Org. Type can be set to Exempted Unit or Not Applicable. ● Sales - Tax Free
(e) Less : Deductions (Sales return, Cash/trade discount etc.)	Displays the assessable value credit note recorded for the current period with Sales Taxable and Sales - Works Contract selected as the nature of transactions. Discount value of taxable sales and works contract is also displayed here. The following Nature of Return are considered here: ● Not Applicable ● Cancelled ● Change in Consideration ● Change in Nature ● Trade Discount ● Cash Discount
(f) Less: Tax element included in sales	Displays the credit value of journal vouchers recorded for increase of output VAT. To record the increase of output tax 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select VAT as the Type of duty/tax. o Select Increase of Output Tax as the Nature of Adjustment. o Select Not Applicable or Trade Discount in Additional Details section. 3. Debit the sales ledger. 4. Credit the output VAT ledger. 5. Enter the tax Rate, Assessable Value in VAT Details screen. 6. Press Ctrl+A to save.
(g) Net sales subject to VAT	Displays auto-calculated value.
1-A Branch Transfers/Consignment Transfers	Displays the net assessable value of consignment and branch transfers. Displays the value of sales recorded with the following nature of transactions: ● Branch Transfer Outward ● Consignment Transfer Outward ● Interstate Branch Transfer Outward ● Interstate Consignment Transfer Outward
2 PURCHASE DETAILS
2(a) Gross Purchases (excluding capital goods and but including goods received by stock transfer)	Displays the following details: ● Gross assessable value of purchases with Purchase Taxable selected as the nature of transaction. ● Net assessable value of inter-state taxable purchases. Displays the value of purchases recorded with the following nature of transactions: ● Interstate Purchase - Against Form C ● Interstate Purchase - E1 ● Interstate Purchase - Taxable ● Net assessable value of all exempt purchases Displays the value of purchases recorded with the following nature of transactions: ● Imports ● Purchase From Unregistered Dealer ● Purchase Deemed Export ● Interstate Purchase - E2 ● Consignment Transfer Inward ● Interstate Consignment Transfer Inward ● Branch Transfer Inward ● Interstate Branch Transfer Inward ● Interstate Purchase Deemed Export ● Interstate Purchase Exempt - E1 ● Interstate Purchase Exempt ● Interstate Purchase - Zero Rated ● Purchase Exempt: In the ledger, o The Party Entity/Org. Type is set to Exempted Unit or Not Applicable. o The Schedule option is to Schedule H. ● Discount value entered for purchases with Purchase Taxable selected as the nature of transactions.
2(b) Less: Imports from outside India	Displays the net assessable value of imports and deemed exports. Displays the value of purchases recorded with the following nature of transactions: ● Imports ● Purchase Deemed Export ● Interstate Purchase Deemed Export
2( c) Less: Inter-State Purchases/goods received from Branches/principals outside U.T., Chandigarh	Displays the assessable value of interstate purchases. Displays the value of purchases recorded with the following nature of transactions: ● Interstate Branch Transfer Inward ● Interstate Consignment Transfer Inward ● Interstate Purchase - Against Form C ● Interstate Purchase - E1 ● Interstate Purchase - E2 ● Interstate Purchase Exempt - E1 ● Interstate Purchase Exempt ● Interstate Purchase - Zero Rated ● Interstate Purchase - Taxable ● Branch Transfer Inward ● Consignment Transfer Inward
2(d) Less: Tax Free Purchases	Displays the net assessable value of tax free and exempt purchases. Displays the value of purchases recorded with the following nature of transactions: ● Purchase Exempt: In the ledger, the Party Entity/Org. Type can be set to Exempted Unit or Not Applicable. ● Purchase - Tax Free
2(e) Less: Purchase liable to Purchase Tax u/s 19(1) and 20	Displays the net assessable value of purchases with Purchase From Unregistered Dealer and Purchase Exempt selected as the nature of transaction. The Schedule option is set to Schedule H in VAT Details screen of purchase ledger.
2(f) Less: Deductions (purchase return, cash/trade discount, etc.)	Displays the assessable value debit note recorded for the current period with Purchase Taxable selected as the nature of transactions. Discount value of taxable purchase is also displayed here. The following Nature of Return are considered here: ● Not Applicable ● Change in Consideration ● Change in Nature ● Trade Discount ● Cash Discount
2(g) Net: purchases eligible for input tax credit [a-(b+c+d+e+f)]	Displays auto-calculated value.
2(h) Purchases of capital goods eligible for input tax credit	Displays the net assessable value of purchases with Purchase Taxable - Capital Goods selected as the nature of transaction.
3 OUTPUT TAX
(a) VAT on net taxable sales within the return period	Displays the output VAT on the net taxable assessable of sales captured in box 1(g) for the current period. Output VAT on sales recorded with the following nature of transactions: ● Sales - Taxable ● Sales - Works Contract
(b) Add : Purchases Tax on turnover as per Col. 2( e )	Displays the credit value entered for VAT ledger in journal voucher. To account for purchase tax 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. Set the options as given below in the Stat Adjustment Details screen. o Select VAT as the Type of duty/tax. o Select Tax on URD Purchase as the Nature of Adjustment. 3. Debit the ledger grouped under Indirect Expenses. 4. Credit the purchase tax ledger (grouped under Duties & Taxes with Type of duty/tax set to VAT). 5. Enter the tax Rate and Assessable Value in VAT Details screen. 6. Press Ctrl+A to save.
(c) Add/Less : Output tax for prior period adjustment	Displays the output VAT collected in credit note recorded for the previous or prior period with Sales Taxable and Sales - Works Contract selected as the nature of transactions. The following Nature of Return are considered here: ● Cancelled (Prior Period) ● Change in Nature (Prior Period) ● Change in Consideration (Prior Period) ● Change in Consideration (Previous Year) ● Prior Period
(d) Total Output Tax	Displays auto-calculated value.
4 INPUT TAX CREDIT ON ACTUAL BASIS
(a) ITC brought forward from previous year	Displays auto-calculated value. This amount matches with the amount shown in box 5h(i).
(b) Add ITC on Non Capital goods	Displays auto-calculated value.
(c) Add ITC on Capital goods	Displays details of the following transactions: ● Debit value entered for input VAT ledger in purchase voucher recorded for purchase of capital goods. Capital goods ledger should be grouped under Fixed Assets and the option: ● Is VAT/CST Applicable must be set to Applicable. ● Set/Alter VAT Details must be enabled. In VAT Details screen of capital goods ledger, the option Nature of transaction must be set to Purchase Taxable - Capital Goods. ● Reversal of input tax credit on capital goods. To avail input tax on capital goods 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select VAT as the Type of duty/tax. o Select Input Tax Credit Admitted On Capital Goods as the Nature of Adjustment. 3. Debit the input VAT ledger. 4. Select the purchase reference and enter the purchase details in Credit Settlement Details screen. 5. Enter the tax amount. 6. Credit the ledger grouped under Current Assets. 7. Press Ctrl+A to save.
(d) Add: Installment of ITC on stock held on appointed day	Displays the debit value entered for input tax ledger in journal voucher to avail tax credit on opening stock. To account for tax credit on opening stock in journal voucher 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select VAT as the Type of duty/tax. o Select Increasing Input Tax as the Nature of Adjustment. 3. Debit the input VAT ledger. Enter the tax Rate and Assessable Value. Enter the tax amount. 4. Credit the ledger grouped under Current Assets. 5. Press Ctrl+A to save.
(e) Add TDS, if any	Displays debit value of VAT entered in journal voucher to account for TDS adjustment. To account for TDS adjustment 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select VAT as the Type of duty/tax. o Select Decrease Of Output Tax as the Nature of Adjustment. o Select TDS Adjustments in Additional Details section. 3. Debit the VAT ledger. Enter the tax Rate and Assessable Value. Enter the tax amount. 4. Credit the ledger grouped under Current Assets. 5. Press Ctrl+A to save.
(f) Less: Apportionment of ITC for Branch Transfer	Displays the credit value of input VAT entered in journal voucher to account for reversal of tax credit on tax free goods. To reverse the tax credit on tax free goods 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Reversal of Input Tax, as the Nature of adjustment. o Select Apportionment of Input Tax for Tax Free Goods in Additional Details section. 3. Debit the expense or purchase ledger and enter the amount. 4. Credit the VAT ledger. Enter the tax Rate, Assessable Value, Commodity Name and Commodity Code. 5. Press Ctrl+A to save.
(g) Less: Apportionment of ITC for Branch Transfer	Displays the credit value of input VAT entered in journal voucher to account for reversal of tax credit on branch transfers. To reverse the tax credit on branch transfers 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Reversal of Input Tax, as the Nature of adjustment. o Select Apportionment of ITC for Branch Transfer in Additional Details section. 3. Debit the expense ledger and enter the amount to be reversed. 4. Credit the VAT ledger. Enter the tax Rate and Assessable Value. 5. Press Ctrl+A to save.
(h) Add/Less: Adjustment ITC for purchase return/discount	Displays the value captured in box 4(b) of worksheet section.
(i) Add/Less: Reversal of ITC	Displays the credit value of input VAT entered in journal voucher to account for reversal of tax credit. To reverse the tax credit 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Reversal of Input Tax, as the Nature of adjustment. o Select Not Applicable in Additional Details section. 3. Debit the expense ledger and enter the amount to be reversed. 4. Credit the VAT ledger. Enter the tax Rate and Assessable Value. 5. Press Ctrl+A to save.
(j) Total Input tax credit available	Displays auto-calculated value.
4-A INPUT TAX CREDIT ON NOTIONAL BASIS
(a) Brought forward from previous year	Displays auto-calculated value. This amount matches with the amount shown in box 5h(ii).
(b) Add ITC notional on Non Capital goods	Displays the debit value of notional tax credit on non-capital goods entered in journal voucher. To account for notional tax credit on non-capital goods 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Notional Input Tax Credit on non capital Goods, as the Nature of adjustment. o Select on Non Capital Goods in the Additional Details section. 3. Debit the expense ledger and enter the tax amount to be reversed. 4. Credit the notional tax ledger. Enter the tax Rate and Assessable Value. Note: To identify a ledger for notional tax, in the ledger grouped under Duties & Taxes with Type of duty/tax set to VAT, set the option Use for Notional ITC to Yes. 5. Press Ctrl+A to save.
(c) Add ITC notional on Capital goods	Displays details of the following transactions: ● Debit value entered for input VAT ledger in purchase voucher recorded for purchase of capital goods. Capital goods ledger should be grouped under Fixed Assets and the option: ● Is VAT/CST Applicable must be set to Applicable. ● Set/Alter VAT Details must be enabled. In VAT Details screen of capital goods ledger, the option Nature of transaction must be set to Purchase - Capital Goods Notional ITC. ● Reversal of input tax credit on capital goods. To record the notional tax credit on capital goods 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select VAT as the Type of duty/tax. o Select Notional Input Tax credit on Capital Goods as the Nature of Adjustment. o Select on Capital Goods in the Additional Details section. 3. Debit the notional input tax ledger. Note: To identify a ledger for notional tax, in the ledger grouped under Duties & Taxes with Type of duty/tax set to VAT, set the option Use for Notional ITC to Yes. 4. Select the purchase reference and enter the purchase details in Credit Settlement Details screen. 5. Enter the tax amount. 6. Credit the ledger grouped under Current Assets. 7. Press Ctrl+A to save.
(d) Less: Apportionment of Notional ITC on manufacturing tax free goods	Displays the credit value of notional input tax entered in journal voucher to account for reversal of notional tax credit on tax free goods. To reverse the notional tax credit on tax free goods 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Reversal of Input Tax, as the Nature of adjustment. o Select Apportionment of Input Tax for Tax Free Goods in Additional Details section. 3. Debit the expense ledger and enter the amount to be reversed. 4. Credit the notional input tax ledger. Enter the tax Rate and Assessable Value. Note: To identify a ledger for notional tax, in the ledger grouped under Duties & Taxes with Type of duty/tax set to VAT, set the option Use for Notional ITC to Yes. 5. Press Ctrl+A to save.
(e) Reversal of Notional ITC on account of sales	Displays the credit value of notional input tax entered in journal voucher to account for reversal of notional tax credit on sales. To reverse the notional tax credit on sales 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Reversal of Notional Input Tax, as the Nature of adjustment. o Select on Account of Sales in Additional Details section. 3. Debit the expense ledger and enter the amount to be reversed. 4. Credit the notional input tax ledger. Enter the tax Rate and Assessable Value. Note: To identify a ledger for notional tax, in the ledger grouped under Duties & Taxes with Type of duty/tax set to VAT, set the option Use for Notional ITC to Yes. 5. Press Ctrl+A to save.
(f) Reversal of Notional ITC on branch transfer and consignment	Displays the credit value of notional input tax entered in journal voucher to account for reversal of notional tax credit on branch or consignment transfer . To reverse the notional tax credit on branch and consignment transfer 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Reversal of Notional Input Tax, as the Nature of adjustment. o Select on Branch Transfer and Consignment in Additional Details section. 3. Debit the expense ledger and enter the amount to be reversed. 4. Credit the notional input tax ledger. Enter the tax Rate and Assessable Value. Note: To identify a ledger for notional tax, in the ledger grouped under Duties & Taxes with Type of duty/tax set to VAT, set the option Use for Notional ITC to Yes. 5. Press Ctrl+A to save.
(g) Reversal of Notional ITC on purchase return	Displays the credit value of notional input tax entered in journal voucher to account for reversal of notional tax credit on purchase returns. To reverse the notional tax credit on purchase returns 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Reversal of Notional Input Tax, as the Nature of adjustment. o Select on Purchase Return in Additional Details section. 3. Debit the expense ledger and enter the amount to be reversed. 4. Credit the notional input tax ledger. Enter the tax Rate and Assessable Value. Note: To identify a ledger for notional tax, in the ledger grouped under Duties & Taxes with Type of duty/tax set to VAT, set the option Use for Notional ITC to Yes. 5. Press Ctrl+A to save.
(h) Total Notional input tax credit available	Displays auto-calculated value.
5 TAX PAYABLE/EXCESS INPUT TAX CREDIT
(a) Total Output tax [as per 3(d)]	Displays auto-calculated value. This amount matches with the amount shown in box 3(d).
(b) Less: Total Actual ITC as per col. 4(j)	Displays auto-calculated value. This amount matches with the amount shown in box 4(j).
( c) Difference (a-b) (if output tax is more than input tax, balance is adjusted out of Notional ITC, if any. Otherwise amount is to be deposited)	Displays auto-calculated value.
(d)(i) Excess ITC after adjustment in (c) (ACTUAL)	Displays auto-calculated value.
(d)(ii) Excess ITC after adjustment in ( c) (NOTIONAL)	Displays the credit value of notional input tax entered in journal voucher to adjust notional tax credit against output VAT. To adjust notional tax credit against output VAT 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Decrease of Output Tax, as the Nature of adjustment. o Select Adjustment of Output VAT Against Notional ITC in Additional Details section. 3. Debit the expense ledger and enter the amount to be reversed. 4. Credit the notional input tax ledger. Enter the tax Rate and Assessable Value. Note: To identify a ledger for notional tax, in the ledger grouped under Duties & Taxes with Type of duty/tax set to VAT, set the option Use for Notional ITC to Yes. 5. Press Ctrl+A to save.
(e) CST liability for the return period, if any.	Displays auto-calculated value.
(f) Excess actual ITC as per col. (d), if any	Displays auto-calculated value. This amount matches with the amount shown in box 5(dj).
(g) Difference (e-f) (if output tax is more than input tax, Balance is adjusted out of Notional ITC, if any. Otherwise amount is to be deposited)	Displays auto-calculated value.
(hi) Excess ITC after adjustment under (g) (ACTUAL)	Displays auto-calculated value.
(hii) - Excess ITC after adjustment under (g) (NOTIONAL)	Displays auto-calculated value.
6 DETAILS OF TAX PAYMENT DURING THE RETURN PERIOD
Payment Type ( CASH/CHALLAN/DRAFT /TREASURY)	Displays the Payment Type selected in the Stat Payment Details screen of tax payment voucher. Payment voucher created from Form 15 report by clicking S: Stat Payment.
Challan/Instrument No	Displays the Challan/Instrument No. entered for the payment transaction in Stat Payment Details screen of Tax Payment Reconciliation report. Click S: Set Details in Tax Payment Reconciliation screen to view the Stat Payment Details screen.
Date (dd/mm/yyyy)	Displays the Deposit Date entered for the payment transaction in Stat Payment Details screen of Tax Payment Reconciliation report. Click S: Set Details in Tax Payment Reconciliation screen to view the Stat Payment Details screen.
Bank/Treasury	Displays the Name of Bank/Branch entered for the payment transaction in Stat Payment Details screen of Tax Payment Reconciliation report. Click S: Set Details in Tax Payment Reconciliation screen to view the Stat Payment Details screen.
Branch code	Displays the Branch code(remittance) entered for the payment transaction in Stat Payment Details screen of Tax Payment Reconciliation report. Click S: Set Details in Tax Payment Reconciliation screen to view the Stat Payment Details screen.
Amount	Displays the amount entered in the tax payment voucher.
Name & Signature	Displays the Name entered in the Export Report screen of Form 15 report. Appears on pressing Ctrl+E from Form 15 report.
Status	Displays the Status/Designation entered in the Export Report screen of Form 15 report. Appears on pressing Ctrl+E from Form 15 report.
WORKSHEET
1. BREAK UP OF TAXABLE SALES AND PURCHASES IN UNION TERRITORY, CHANDIGARH(EXCLUDING CAPITAL GOODS)
1(a) Rate
1(b): Gross Sales	Displays the gross assessable of sales with Sales Taxable selected as the nature of transaction attracting 1%, 4%, 5%, 8.8%, 12.5%, 20% and 22% tax rates.
1(b): VAT	Displays the gross output VAT on sales with Sales Taxable selected as the nature of transaction attracting 1%, 4%, 5%, 8.8%, 12.5%, 20% and 22% tax rates.
1( c): Gross Purchases	Displays the gross assessable of purchases with Purchase Taxable selected as the nature of transaction attracting 1%, 4%, 5%, 8.8%, 12.5%, 20% and 22% tax rates.
1( c): VAT	Displays the gross input VAT on purchases with Purchase Taxable selected as the nature of transaction attracting 1%, 4%, 5%, 8.8%, 12.5%, 20% and 22% tax rates.
2: BREAK-UP OF GOODS SOLD UNDER WORKS CONTRACT
2(a): Rate
2(b): Gross Value of works contract executed	Displays the gross assessable of sales with Sales - Works Contract selected as the nature of transaction attracting 1%, 4%, 5%, 8.8%, 12.5%, 20% and 22% tax rates.
2(c): Less: Value of labour	Displays the deduction entered in Deductions Claimed for Tax Calculation screen of sales recorded with Sales - Works Contract selected as the nature of transaction.
2(d): Taxable value	Displays the Taxable Value calculated after Deductions in Deductions Claimed for Tax Calculation screen of sales recorded with Sales - Works Contract selected as the nature of transaction.
2(e): VAT	Displays the gross output VAT on taxable value of sales calculated after deduction, with Sales - Works Contract selected as the nature of transaction.
2(f): Less: Tax deducted at source	Displays the debit value of journal voucher recorded to account for TDS adjustment. To account for TDS adjustment on works contract 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Decrease of Output Tax, as the Nature of adjustment. o Select TDS on Works Contract in Additional Details section. 3. Debit the VAT ledger. Enter the tax Rate and Assessable Value. Enter the tax amount to be reversed. 4. Credit the ledger grouped under Current Assets. 5. Press Ctrl+A to save.
2(g) - Net Output tax	Displays auto-calculated value.
3: BREAK-UP OF ZERO RATED SALES
3(a) Category
3(b) Gross Sales - Sales Against H Form	Displays the gross assessable value of sales with Deemed Export and Interstate Deemed Export selected as the nature of transaction.
3(c) Less: Sales Return - Sales Against H Form	Displays the assessable value of credit note with Deemed Export and Interstate Deemed Export selected as the nature of transaction.
3(d) Less: Discounts	Displays the discount value entered for sales with Deemed Export and Interstate Deemed Export selected as the nature of transaction.
3(e) Net Sales	Displays auto-calculated value.
3(b) Gross Sales - Export out of India	Displays the gross assessable value of sales with Exports selected as the nature of transaction.
3(c) Less: Sales Return - Export out of India	Displays the assessable value of credit note with Exports selected as the nature of transaction.
3(d) Less: Discounts - Export out of India	Displays the discount value entered for sales with Exports selected as the nature of transaction.
3(e) Net Sales Export out of India	Displays auto-calculated value.
3(b) Gross Sales - Sales Against E1/E2 Forms	Displays the gross assessable value of sales with Interstate Sales - E1, Interstate Sales - E2 and Interstate Sales Exempt - E1 selected as the nature of transaction.
3( c): Less: Sales Return - Sales Against H Form	Displays the assessable value of credit note with Interstate Sales - E1, Interstate Sales - E2 and Interstate Sales Exempt - E1 selected as the nature of transaction.
3(d): Less: Discounts	Displays the discount value entered for sales with Interstate Sales - E1, Interstate Sales - E2 and Interstate Sales Exempt - E1 selected as the nature of transaction.
3(e): Net Sales	Displays auto-calculated value.
4 BREAK UP OF DEDUCTIONS FROM SALES AND PURCHASES
4a: Deductions from sales for the current period
4a Sales_Returns	Displays the assessable value of sales returns recorded in: ● Credit note with Sales Taxable and Sales - Works Contract selected as nature of transactions with Nature of Return set to Not Applicable. The option Nature of Return appears in Statutory Details screen of credit note. ● Journal voucher for reducing the output tax. To account for sales returns in journal voucher 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Decrease of Output Tax, as the Nature of adjustment. o Select Not Applicable in Additional Details section. 3. Credit the party ledger and enter the amount. 4. Credit the sales ledger with Sales Taxable or Sales - Works Contract selected as the nature of transaction. 5. Debit the output VAT ledger. Enter the tax Rate and Assessable Value. 6. Press Ctrl+A to save.
4a - Cash/Trade Discount	Displays the assessable value of discount accounted for in: ● Credit note by selecting the Nature of Return as Cash Discount or Trade Discount. The option Nature of Return appears in Statutory Details screen of credit note. ● Journal voucher to account for cash discount. To account for cash discount in journal voucher 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Decrease of Output Tax, as the Nature of adjustment. o Select Cash Discount on Sales in Additional Details section. 3. Credit the party ledger. 4. Debit the output VAT ledger. Enter the tax Rate and Assessable Value. Enter the tax amount to be reversed. 5. Debit the sales ledger with Sales Taxable or Sales - Works Contract selected as the nature of transaction. 6. Press Ctrl+A to save. ● Journal voucher to account for trade discount. To account for trade discount in journal voucher 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Increase of Output Tax, as the Nature of adjustment. o Select Trade Discount in Additional Details section. 3. Credit the party ledger. 4. Debit the output VAT ledger. Enter the tax amount to be reversed. 5. Debit the sales ledger with Sales Taxable or Sales - Works Contract selected as the nature of transaction. 6. Press Ctrl+A to save.
4a - Amount charged separately as interest for sales by hire purchase / instalments purchase	Displays the credit value of journal voucher recorded to account for sales by hire purchase or instalment purchase. To account for hire purchase 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Increase of Tax Liability, as the Nature of adjustment. o Select Sales by Hire Purchase Or Instalment Purchase in Additional Details section. 3. Debit the sales ledger. Enter the tax Rate and Assessable Value. Enter the amount. 4. Credit the output VAT ledger. Enter the tax Rate and Assessable Value. 5. Press Ctrl+A to save.
4a - Cancellation of Sales	Displays the assessable value of credit note with Sales Taxable and Sales - Works Contract selected as nature of transactions with Nature of Return set to Cancelled. The option Nature of Return appears in Statutory Details screen of credit note.
4a - Change in nature of Sales	Displays the assessable value of credit note with Sales Taxable and Sales - Works Contract selected as nature of transactions with Nature of Return set to Change in Nature. The option Nature of Return appears in Statutory Details screen of credit note.
4a - Change in Sale consideration	Displays the assessable value of credit note with Sales Taxable and Sales - Works Contract selected as nature of transactions with Nature of Return set to Change in Consideration. The option Nature of Return appears in Statutory Details screen of credit note.
4a - Others (Pl. specify nature)	Displays the value of journal voucher recorded for decrease in output tax. To account for decrease in output VAT 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Decrease of Output Tax, as the Nature of adjustment. o Select Not Applicable in Additional Details section. 3. Debit the sales ledger. Enter the tax Rate and Assessable Value. Enter the amount. 4. Debit the output VAT ledger. Enter the tax Rate and Assessable Value. Enter the tax amount. 5. Credit the expense ledger. 6. Press Ctrl+A to save.
4a - Total Deductions	Displays auto-calculated value.
4b: Deductions from purchases for the current period
4b - Purchase_Returns	Displays the assessable value entered for debit note with Purchase Taxable selected as nature of transactions and Nature of Return set to Not Applicable. The option Nature of Return appears in Statutory Details screen of credit note.
4b - Cash/Trade Discount	Displays the assessable value of discount accounted for in: ● Debit note by selecting the Nature of Return as Cash Discount or Trade Discount. The option Nature of Return appears in Statutory Details screen of credit note. ● Journal voucher to account for cash discount. To account for cash discount in journal voucher 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Reversal of Input Tax, as the Nature of adjustment. o Select Cash Discount on Purchase in Additional Details section. 3. Debit the expense ledger. Enter the tax amount to be reversed. 4. Credit the input VAT ledger Enter the tax Rate and Assessable Value. 5. Press Ctrl+A to save. ● Journal voucher to account for trade discount. To account for trade discount in journal voucher 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Reversal of Input Tax, as the Nature of adjustment. o Select Trade Discount in Additional Details section. 3. Debit the purchase ledger and enter the amount. 4. Credit the purchase ledger with Purchase Taxable selected as the nature of transaction. Enter the amount. 5. Credit the input VAT ledger. Enter the tax Rate and Assessable Value. 6. Press Ctrl+A to save.
4b - Others (Pl. specify)	Displays the value of journal voucher recorded for decrease in input tax for other purchases. To account for reversing input VAT for other purchases 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment to view the Stat Adjustment Details screen and set the options as given below: o Select Type of duty/tax as VAT. o Select the Reversal of Input Tax, as the Nature of adjustment. o Select Other Purchase Adjustment in Additional Details section. 3. Debit the party ledger. 4. Credit the purchase ledger VAT ledger. Enter the tax Rate and Assessable Value. Enter the amount. 5. Debit the input VAT ledger. Enter the tax Rate and Assessable Value. Enter the tax amount. 6. Press Ctrl+A to save.
4b - Total Deductions	Displays auto-calculated value.
5: PRIOR PERIOD ADJUSTMENTS
5a: Prior period adjustments of Sales
5a - Cancellation of Sales	Displays the assessable value of credit note with Sales Taxable and Sales - Works Contract selected as nature of transactions with Nature of Return set to Cancelled (Prior Period). The option Nature of Return appears in Statutory Details screen of credit note.
5a - Sales_Returns	Displays the assessable value of credit note with Sales Taxable and Sales - Works Contract selected as nature of transactions with Nature of Return set to Prior Period. The option Nature of Return appears in Statutory Details screen of credit note.
5a - Change in nature of Sales	Displays the assessable value of credit note with Sales Taxable and Sales - Works Contract selected as nature of transactions with Nature of Return set to Change in Nature (Prior Period). The option Nature of Return appears in Statutory Details screen of credit note.
5a - Change in Sale consideration	Displays the assessable value of credit note with Sales Taxable and Sales - Works Contract selected as nature of transactions with Nature of Return set to Change in Consideration (Prior Period). The option Nature of Return appears in Statutory Details screen of credit note.
5a - Sales Total	Displays the sum of all the above nature of returns.
5d: Prior period adjustment of purchases
5d - Cancellation of Purchases	Displays the assessable value of debit note with Purchase Taxable selected as nature of transactions with Nature of Return set to Cancelled (Prior Period). The option Nature of Return appears in Statutory Details screen of credit note.
5d - Purchase returns	Displays the assessable value of debit note with Purchase Taxable selected as nature of transactions with Nature of Return set to Prior Period. The option Nature of Return appears in Statutory Details screen of credit note.
5d - Change in nature of purchase	Displays the assessable value of debit note with Purchase Taxable selected as nature of transactions with Nature of Return set to Change in Nature (Prior Period). The option Nature of Return appears in Statutory Details screen of credit note.
5d - Change in purchase consideration	Displays the assessable value of debit note with Purchase Taxable selected as nature of transactions with Nature of Return set to Change in Consideration (Prior Period). The option Nature of Return appears in Statutory Details screen of credit note.
5d - Purchase Total	Displays auto-calculated value.
6: Any other Adjustment	This field is left blank.

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Tally.ERP 9 Topics

Exporting Form VAT 15