To view Annexure VII
1. Go to Gateway of Tally > Display > Statutory Reports > VAT > Form VAT 201 > Annexure Ready.
2. Press Enter.
3. Select Annexure VII.
4. Press Enter.
To export Annexure VII
1. Copy the required excel template to the Tally.ERP 9 installation folder.
2. Go to Gateway of Tally > Display > Statutory Reports > VAT > Form VAT 201 > Annexure Ready.
3. Select Annexure VII, and press Enter.
4. Press Ctrl+E to view the Export Report screen.
5. Press Enter to export.
Field |
Description |
|
Conditions / Situations |
Value of goods purchased (in Rs.) * |
VAT paid (in Rs.) |
1. Goods purchased for any of the purpose specified under sub-section (3) of Section 20 of the Act but are subsequently used otherwise |
Displays the assessable value entered in the journal voucher for reversing input tax on sales, excluding interstate sales. To record reversal of input tax 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. 3. Select VAT as the Type of Duty/ Tax. 4. Select Reversal of Input Tax as the Nature of adjustment. 5. Select Reverse Credit on Goods Sold Other Than Interstate Sales as the Additional Details. 6. Debit the expense ledger. 7. Credit VAT ledger. 8. Press Ctrl+A to accept. |
Displays the credit value of the VAT ledger. |
2. Goods purchased are lost due to theft, damage or for any other reason |
Displays the assessable value entered in the journal voucher for reversing input tax on damaged or lost goods. To record reversal of input tax 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. 3. Select VAT as the Type of Duty/ Tax. 4. Select Reversal of Input Tax as the Nature of adjustment. 5. Select Goods Damaged / Lost as the Additional Details. 6. Debit the expense ledger. 7. Credit VAT ledger. 8. Press Ctrl+A to accept. |
Displays the credit value of the VAT ledger. |
3. Goods purchased but remained unsold at the time of closure of business |
Displays the assessable value entered in the journal voucher for reversing input tax on goods unsold at the time of business closure. To record reversal of input tax 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. 3. Select VAT as the Type of Duty/ Tax. 4. Select Reversal of Input Tax as the Nature of adjustment. 5. Select Goods Unsold at the Time of Business Closure as the Additional Details. 6. Debit the expense ledger. 7. Credit VAT ledger. 8. Press Ctrl+A to accept. |
Displays the credit value of the VAT ledger. |
4. Goods purchased but remain unutilized or unsold on the date on which the exercise of option for composition of tax under this Act, is allowed |
Displays the assessable value entered in the journal voucher for reversing input tax on To record reversal of input tax 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. 3. Select VAT as the Type of Duty/ Tax. 4. Select Reversal of Input Tax as the Nature of adjustment. 5. Select Switch Over as the Additional Details. 6. Debit the expense ledger. 7. Credit VAT ledger. 8. Press Ctrl+A to accept. |
Displays the credit value of the VAT ledger. |
5. Goods purchased but remain unutilized or unsold on the date on which the exercise of option for composition of tax under this Act, is allowed |
Displays the assessable value entered in the journal voucher for reversing input tax on goods unsold as per Section 16. To record reversal of input tax 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. 3. Select VAT as the Type of Duty/ Tax. 4. Select Reversal of Input Tax as the Nature of adjustment. 5. Select Goods Unsold As Per Section 16 as the Additional Details. 6. Debit the expense ledger. 7. Credit VAT ledger. 8. Press Ctrl+A to accept. |
Displays the credit value of the VAT ledger. |
6. Goods purchased are utilized in manufacture of goods exempted from tax |
Displays the assessable value entered in the journal voucher for reversing input tax on manufacturing of goods exempted from tax. To record reversal of input tax 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. 3. Select VAT as the Type of Duty/ Tax. 4. Select Reversal of Input Tax as the Nature of adjustment. 5. Select Manufacturing of Exempt Goods as the Additional Details. 6. Debit the expense ledger. 7. Credit VAT ledger. 8. Press Ctrl+A to accept. |
Displays the credit value of the VAT ledger. |
7. Goods purchased are exempted from levy of tax subsequently** |
Displays the assessable value entered in the journal voucher for reversing input tax on goods exempted from tax. To record reversal of input tax 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. 3. Select VAT as the Type of Duty/ Tax. 4. Select Reversal of Input Tax as the Nature of adjustment. 5. Select Exempted Goods as the Additional Details. 6. Debit the expense ledger. 7. Credit VAT ledger. 8. Press Ctrl+A to accept. |
Displays the credit value of the VAT ledger. |
8. Total |
Displays auto calculated value. |
Displays auto calculated value. |
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