Form III is a monthly return to be filed by dealers registered under VAT. The Form III report provides an overview of the statistics of transactions pertaining to a period. It displays the following:
● Assessable value and tax amount of purchases, sales, and payments.
● The amount of VAT payable/ refundable.
● The count of included transactions that form a part of VAT annexures.
● Uncertain transactions which have partial information, and require user intervention to provide the required details.
This report has intuitive exception handling features. It can be drilled down to the voucher entry level to display complete information of each transaction. Exceptions can be solved to generate returns to be filed for a particular period. The report provides the facility to save the original returns. If any changes are made in transactions, the information can either be overwritten or saved as revised returns.
To view the Form III
● Go to Gateway of Tally > Display > Statutory Reports > VAT > Form III.
Form III can be filed on time with the accurate information available in this report. It has three main sections:
2. Computation
'Form VAT III (Goa)' has been shared with
