Printing VAT Form I (Puducherry)

To print Form I

1. Go to Gateway of Tally > Display > Statutory Reports > VAT > VAT Form I. The Form I report appears.

2. Click P: Print to display the Print Report screen. Based on the Form I report period, the From and To dates are displayed here. These dates can be changed from Form I report, if required.

3. Enter the Name, Status/Designation, Place and Date in the respective fields.

4. Press Enter to print the form.

Different fields in the form are explained below:

Field Name	Description
R.1Tax Period From To	Displays start and end dates of the period for with Form I report is generated respectively in DD/MM/YY format.
R.2 Tax Payer Identification Number (TIN)	Displays the VAT TIN number of the dealer filing the returns, as recorded in the TIN field in Company VAT Details screen.
R.2.1 Full Name of Dealer	Displays the name of the dealer as recorded in the Mailing Name field in Company Creation screen.
Turnover of Sales	Sales (Rs.) (A)	Output tax (Rs.) (B)
R.3 Sales taxable @ 1% >	Displays gross assessable value (including expense/income ledger values) of goods sold at VAT rate 1% in the reporting period. The transaction with Sales Taxable and Sales - Works contract as Nature of transaction are considered in this case. To include the income/expense value in voucher for assessable value calculation ● Select the option VAT in the Include in assessable value calculation for field of income/expense Ledger Creation screen. ● Select Based on Value or Based on Quantity in the Method of Calculation field based on your requirement.	Displays the output tax value corresponding to the sales at VAT rate 1%. The transaction with Sales Taxable and Sales - Works contract as Nature of transaction are considered in this case.
R.4 Sales taxable @ 4%	Displays gross assessable value (including expense/income ledger values) of goods sold at VAT rate 4% in the reporting period. The transaction with Sales Taxable and Sales - Works contract as Nature of transaction are considered in this case. To include the income/expense value in voucher for assessable value calculation ● Select the option VAT in the Include in assessable value calculation for field of income/expense Ledger Creation screen. ● Select Based on Value or Based on Quantity in the Method of Calculation field based on your requirement.	Displays the output tax value corresponding to the sales at VAT rate 4%. The transaction with Sales Taxable and Sales - Works contract as Nature of transaction are considered in this case.
R.5 Sales taxable @ 12.5%	Displays gross assessable value (including expense/income ledger values) of goods sold at VAT rate 12.5% in the reporting period. The transaction with Sales Taxable and Sales - Works contract as Nature of transaction are considered in this case.	Displays the output tax value corresponding to the sales at VAT rate 12.5%. The transaction with Sales Taxable and Sales - Works contract as Nature of transaction are considered in this case.
R.6 Sales taxable at other rates
R.6.1 Taxable @ ---	Displays gross assessable value of goods sold at a VAT rate other than 1%, 4%, and 12.5% in the reporting period. The transactions with Sales Taxable and Sales - Works contract as Nature of transaction and Industrial Input as Type of goods are considered in this case.	Displays the output tax value corresponding to the sales at a VAT rate other than 1%, 4%, and 12.5%. The transaction with Sales Taxable and Sales - Works contract as Nature of transaction and Industrial Input as Type of goods are considered in this case.
R.6.2 Taxable @ ---	Displays gross assessable value of goods sold at a VAT rate other than 1%, 4%, and 12.5% in the reporting period. The transaction with Sales Taxable and Sales - Works contract as Nature of transaction, and Industrial Input as Type of goods are considered in this case. (VAT rate other than in R.6.1)	Displays the output tax value corresponding to the sales at a VAT rate other than 1%, 4%, and 12.5%. The transaction with Sales Taxable and Sales - Works contract as Nature of transaction, and Industrial Input as Type of goods are considered in this case. (VAT rate other than in R.6.1)
R.6.3 Taxable @ ---	Displays gross assessable value of goods sold at a VAT rate other than 1%, 4%, and 12.5% in the reporting period. The transaction with Sales Taxable and Sales - Works contract as Nature of transaction, and Industrial Input as Type of goods are considered in this case. (VAT rate other than in R.6.1, and R.6.2)	Displays the output tax value corresponding to the sales at a VAT rate other than 1%, 4%, and 12.5%. The transaction with Sales Taxable and Sales - Works contract as Nature of transaction, and Industrial Input as Type of goods are considered in this case. (VAT rate other than in R.6.1, and R.6.2)
R.7 Exempt sales	Displays the net assessable (gross-returns) value including expense/income ledger values of exempt sales transactions recorded in the reporting period. The transactions with Sales Exempt as Nature of transaction are considered in this case. To include the income/expense value in voucher for assessable value calculation ● Select the option VAT in the Include in assessable value calculation for field of income/expense Ledger Creation screen. ● Select Based on Value or Based on Quantity in the Method of Calculation field based on your requirement.	This field is currently left blank.
R.8 Inter-state sales	Displays the net assessable (gross-returns) value including expense/income ledger values of interstate sales transactions recorded in the reporting period. The transactions with Interstate Sales - Against Form C, Interstate Sales - E1, Interstate Sales - E2, Interstate Sales - Taxable, Interstate Sales Exempt, and Interstate Sales Exempt - E1 as Nature of transaction are considered in this case. To include the income/expense value in voucher for assessable value calculation ● Select the option VAT in the Include in assessable value calculation for field of income/expense Ledger Creation screen. ● Select Based on Value or Based on Quantity in the Method of Calculation field based on your requirement.
R.8.1 Stock transfer	Displays the net assessable (gross-returns) value including expense/income ledger values of transactions recorded for transfer to a branch, or an agent. The transactions with Interstate Branch Transfer Outward, Interstate Consignment Transfer Outward, Branch Transfer Outward, and Consignment Transfer Outward are considered in this case. To include the income/expense value in voucher for assessable value calculation ● Select the option VAT in the Include in assessable value calculation for field of income/expense Ledger Creation screen. ● Select Based on Value or Based on Quantity in the Method of Calculation field based on your requirement.
R.9 Exports u/s 5(1), (3) & (5) of CST Act	Displays the net assessable (gross-returns) value including expense/income ledger values of transactions recorded for export of goods in the reporting period. The vouchers with Nature of transaction as Export, Interstate Deemed Export, Deemed Export, and Export with Type of goods as ATF are considered in this case. To include the income/expense value in voucher for assessable value calculation ● Select the option VAT in the Include in assessable value calculation for field of income/expense Ledger Creation screen. ● Select Based on Value or Based on Quantity in the Method of Calculation field based on your requirement.
R.9.1 Sales to SEZ u/s 8(6) of CST Act	Displays the net assessable (gross-returns) value including expense/income ledger values of transactions recorded for sales to special economic zone, and diplomatic mission in the reporting period. The transactions with Sale Zero Rated and Interstate Sales - Zero Rated as Nature of transaction are considered in this case. Additionally, the option Diplomatic Missions & U.N. or SEZ has to be selected in the Type of Exemption field in VAT Details screen of the party ledger selected in the transaction. To include the income/expense value in voucher for assessable value calculation ● Select the option VAT in the Include in assessable value calculation for field of income/expense Ledger Creation screen. ● Select Based on Value or Based on Quantity in the Method of Calculation field based on your requirement.
R.10 Adjustments (Increase/Decrease) (Complete Annexure - I and insert Total B here)		Displays net increase/decrease in output tax as per Annexure I.
R.11 Total	Displays the sum of values in Sales (Rs.) (A) column for Turnover of Sales.	Displays the total of values in Output tax (Rs.) (B) column for Turnover of Sales.
Turnover of Purchases	Purchases (Rs.) (A)	Input Tax (Rs.) (B)
R.12 Purchases on which VAT is not paid	Displays the net assessable value (gross -returns) including expense/income ledger values of transactions recorded for purchase of goods from unregistered and composite dealers. The transactions with Purchase From Unregistered Dealer, Purchase Exempt, and Purchase from Composition Dealer as Nature of transaction are considered in this case. To include the income/expense value in voucher for assessable value calculation ● Select the option VAT in the Include in assessable value calculation for field of income/expense Ledger Creation screen. ● Select Based on Value or Based on Quantity in the Method of Calculation field based on your requirement.
R.13 Non-creditable purchases	Displays the net assessable value (gross -returns) including expense/income ledger values of purchase transactions for which input credit cannot be claimed. The transactions with Purchases Non-Creditable as Nature of transaction are considered in this case. To include the income/expense value in voucher for assessable value calculation ● Select the option VAT in the Include in assessable value calculation for field of income/expense Ledger Creation screen. ● Select Based on Value or Based on Quantity in the Method of Calculation field based on your requirement.
R.14 Creditable purchases
R.14.1 Purchases taxable @ 1%	Displays the gross assessable value including expense/income ledger values of transactions recorded for purchase of goods at VAT rate 1% in the reporting period. The transactions with Purchase Taxable, Purchase - Works contract, and Purchase Taxable - Capital Goods as Nature of transaction, are considered in this case. Including when Industrial Input is selected as Type of goods. To include the income/expense value in voucher for assessable value calculation ● Select the option VAT in the Include in assessable value calculation for field of income/expense Ledger Creation screen. ● Select Based on Value or Based on Quantity in the Method of Calculation field based on your requirement.	Displays the input tax corresponding to purchases at VAT rate 1% in the reporting period. The transactions with Purchase Taxable, Purchase - Works contract, and Purchase Taxable - Capital Goods as Nature of transaction are considered in this case. Including when Industrial Input is selected as Type of goods.
R.14.2 Purchases taxable @ 4%	Displays the gross assessable value including expense/income ledger values of transactions recorded for purchase of goods at VAT rate 4% in the reporting period. The transactions with Purchase Taxable, Purchase - Works contract, and Purchase Taxable - Capital Goods as Nature of transaction are considered in this case. Including when Industrial Input is selected as Type of goods. To include the income/expense value in voucher for assessable value calculation ● Select the option VAT in the Include in assessable value calculation for field of income/expense Ledger Creation screen. ● Select Based on Value or Based on Quantity in the Method of Calculation field based on your requirement.	Displays the input tax corresponding to purchases at VAT rate 4% in the reporting period. The transactions with Purchase Taxable, Purchase - Works contract, and Purchase Taxable - Capital Goods as Nature of transaction are considered in this case. Including when Industrial Input is selected as Type of goods.
R.14.3 Purchases taxable @ 12.5%	Displays the gross assessable value including expense/income ledger values of transactions recorded for purchase of goods at VAT rate 12.5% in the reporting period. The transactions with Purchase Taxable, Purchase - Works contract, and Purchase Taxable - Capital Goods as Nature of transaction are considered in this case. Including when Industrial Input is selected as Type of goods. To include the income/expense value in voucher for assessable value calculation ● Select the option VAT in the Include in assessable value calculation for field of income/expense Ledger Creation screen. ● Select Based on Value or Based on Quantity in the Method of Calculation field based on your requirement.	Displays the input tax corresponding to purchases at VAT rate 4% in the reporting period. The transactions with Purchase Taxable, Purchase - Works contract, and Purchase Taxable - Capital Goods as Nature of transaction are considered in this case. Including when Industrial Input is selected as Type of goods.
R.14.4 Purchases taxable at other rates	Not applicable
R.14.4.1 Taxable @ ---	Displays the gross assessable value including expense/income ledger values of transactions recorded for purchase of goods at a VAT rate other than 1%, 4%, and 12.5% in the reporting period. The transactions with Purchase Taxable as Nature of transaction and Industrial Input as Type of goods is displayed against R.14.4.1 Taxable@x% (Indutrial Input) To include the income/expense value in voucher for assessable value calculation ● Select the option VAT in the Include in assessable value calculation for field of income/expense Ledger Creation screen. ● Select Based on Value or Based on Quantity in the Method of Calculation field based on your requirement.	Displays the input tax corresponding to the assessable value of purchases at a VAT rate other than 1%, 4%, and 12.5% in the reporting period.
R.14.4.2 Taxable @ ---	Displays the gross assessable value including expense/income ledger values of transactions recorded for purchase of goods at a VAT rate other than 1%, 4%, and 12.5% in the reporting period. (rate other than R.14.4.1) To include the income/expense value in voucher for assessable value calculation ● Select the option VAT in the Include in assessable value calculation for field of income/expense Ledger Creation screen. ● Select Based on Value or Based on Quantity in the Method of Calculation field based on your requirement.	Displays the input tax corresponding to the assessable value of purchases at a VAT rate other than 1%, 4%, and 12.5% in the reporting period. (rate other than R.14.4.1)
R.14.4.3 Taxable @ ---	Displays the gross assessable value including expense/income ledger values of transactions recorded for purchase of goods at a VAT rate other than 1%, 4%, and 12.5% in the reporting period. (rate other than R.14.4.1, and R.14.4.2) To include the income/expense value in voucher for assessable value calculation ● Select the option VAT in the Include in assessable value calculation for field of income/expense Ledger Creation screen. ● Select Based on Value or Based on Quantity in the Method of Calculation field based on your requirement.	Displays the input tax corresponding to the assessable value of purchases at a VAT rate other than 1%, 4%, and 12.5% in the reporting period. (rate other than R.14.4.1, and R.14.4.2)
R.15 Adjustments to tax credit (Complete Annexure- I and insert Total D here)	Not applicable	Displays net increase/decrease in input tax as per Annexure I.
R.16 Total Tax Credits		Displays the total of values in Input tax (Rs.) (B) column for Turnover of Purchases.
Calculation of tax due
R.17 Net Taxes – Difference of R.11.B and R.16	Displays the automatically computed value of difference in tax value captured in R.11B and R.16.
R.18 Less: Tax Deducted at Source	Displays the value of VAT tax adjusted towards tax deducted at source (TDS), as the value of duty ledger debited in the VAT adjustment journal voucher recorded by selecting Decrease of Output Tax as Nature of adjustment and TDS Adjustments as Additional Details. To create a Journal voucher for TDS adjustment 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Decrease of Output Tax in the Nature of adjustment field. o Select the option TDS Adjustments in Additional Details field. o Press Enter to return to voucher. 3. Debit the duty ledger created under the group Duties & Taxes. o Enter the Rate and Assessable Value in VAT Details screen and press Enter. 4. Enter the value in the Debit column. 5. Credit the ledger grouped under Current Assets. 6. Press Enter to save.
R.19 Add: Interest and Penalty	Displays the value of interest and/or penalty payable by the dealer, as the value of duty ledger debited in the VAT adjustment journal voucher recorded by selecting Increase of Tax Liability as Nature of adjustment and Penalty or Interest as Additional Details. To create a Journal voucher for interest/penaly payable 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Increase of Tax Liability in the Nature of adjustment field. o Select the option Penalty or Interest in Additional Details field. o Press Enter to return to voucher. 3. Debit the duty ledger created under the group Duties & Taxes. o Enter the Rate and Assessable Value in VAT Details screen and press Enter. 4. Enter the value in the Debit column. 5. Credit the ledger grouped under Current Liabilities. 6. Press Enter to save.
R.20 Balance (R.17 - R.18 + R.19)	Displays the auto computed value as per the given equation.
IF THE BALANCE ON R.20 IS POSITIVE, PAY TAX AND PROVIDE DETAILS IN THIS BOX
R.21 Tax paid (copy amount from R.20)	Display the voucher total of VAT payment vouchers appearing in Challan Reconciliation report for current period.
R.22 Pay order / Cheque /D.D. number / Receipt / Challan number
Instrument No.	Displays the challan number used to make VAT payments to the department, as recorded in the Instrument No. field in the Stat Payment Details screen of a payment transaction in Challan Reconciliation report.
Date	Displays the date of remitting VAT payment, as recorded in the Instrument Date field in the Stat Payment Details screen of a payment transaction in Challan Reconciliation report.
Rs.	Display the amount paid using the respective instrument number.
IF THE BALANCE ON R.20 IS NEGATIVE, FILL THIS BOX
R.23 Credits (copy amount from R.20)	Displays auto computed value, as the value in R.20, if positive.
R.24 Adjusted against liability under Central Sales Tax/other Dealers’ dues	Displays the excess of input credit available that can be adjusted against CST payable, as the value of duty ledger credited in the VAT adjustment journal voucher recorded by selecting Decrease of Input Tax as Nature of adjustment and Against CST as Additional Details. Further displays the CST amount due to the dealer, as the value of duty ledger credited in the VAT adjustment journal voucher recorded by selecting Reversal of Input Tax as Nature of adjustment and Tax Adjustment Towards Other Dealer's Dues as Additional Details. To create a Journal voucher for CST amount due 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Reversal of Input Tax in the Nature of adjustment field. o Select the option Tax Adjustment Towards Other Dealer's Dues in Additional Details field. o Press Enter to return to voucher. 3. Debit the Party ledger created under the group Sundry Debtors and the value in the Debit column. o Enter the required details in Bill-wise Details screen and press Enter. 4. Credit the VAT duty ledger grouped under Duties & Taxes. o Enter the Rate, Assessable Value, Commodity name and Commodity Code in VAT Details screen and press Enter. 5. Press Enter to save. To create a Journal voucher for adjustment against CST 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option CST in the Type of duty/tax field. o Select the option Decrease of Input Tax in the Nature of adjustment field. o Select the option Against CST in Additional Details field. o Press Enter to return to voucher. 3. Debit the CST duty ledger created under the group Duties & Taxes. o Enter the Rate and Assessable Value in VAT Details screen and press Enter. 4. Enter the value in the Debit column. 5. Credit the VAT duty ledger grouped under Duties & Taxes. 6. Press Enter to save.
R.25 Refund due [to claim refund see Rule 28(3)]	Displays the amount of credit that can be adjusted towards refund, as the value of duty ledger credited in the VAT adjustment journal voucher recorded by selecting Refund of Input Tax as Nature of adjustment. To create a Journal voucher for refund due 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Refund of Input Tax in the Nature of adjustment field. o Press Enter to return to voucher. 3. Debit the Current Assets ledger. 4. Enter the amount in Debit column. 5. Credit the VAT duty ledger grouped under Duties & Taxes. o Enter the Rate and Assessable Value, and press Enter. 6. Press Enter to save.
R.26 Carried forward to next tax period (R.23-R.24-R.25)	Displays the auto computed value based on the given equation.
DECLARATION
I/we………	Displays the name of the authorised signatory, as recorded in the Authorised Person field in the Company VAT Details screen.
S/o ……	Displays the name of the responsible person for authorised signatory, as recorded in the S/o, D/o, W/o field in Company VAT Details screen.
PLACE :	Displays the place of the registered dealer, as recorded in the Place field in Company VAT Details screen.
Signature:	This field is left blank for manual entry.
Name and Designation / Status and Relationship to the dealer with seal:	Displays the status and designation of the authorised person along with company seal. The status is captured from Status /Designation field in Company VAT Details screen.
Ph. No.	Displays the mobile number of the dealer, as recorded in the Mobile no. field in Company Creation or Company Alteration screen.
E-mail ID.	Displays the e-mail Id of the dealer, as recorded in the E-mail field in Company Creation or Company Alteration screen.
Annexure I (To be attached with the return where adjustments in Output Tax or Tax Credit are claimed)
TIN	Displays the VAT TIN number of the dealer filing the returns, as recorded in the TIN field in Company VAT Details screen.
A. Adjustments in Output Tax
Nature of adjustment	Increase in Output Tax (I)	Decrease in Output Tax (II)
1.Sale has been cancelled		Displays the value of duty ledger debited in credit note recorded for sales cancellation by selecting Cancelled as Nature of Return, in the reporting period. The transactions with Sales Taxable and Sales - Works contract as Nature of transaction are considered in this case. To record credit note for cancellation of sales 1. Go to Gateway of Tally > Accounting Vouchers > Ctrl+F8. 2. Press Ctrl+V for voucher mode. 3. Debit sales ledger(s) with Sales Taxable, and Sales - Works contract as the Nature of transaction. o Enter the required details in Inventory Allocation screen and press Enter. 4. Debit the VAT duty ledger and enter the amount in Debit column. 5. Credit the party and enter required details in Bill-wise Details screen. 6. Set the option Provide VAT Details? to Yes. ● Select Cancelled as the Nature of Return in Statutory Details screen. ● Press Enter to return to voucher creation. 7. Press Enter to save.
2.Nature of sale has changed	Displays the value of duty ledger credited in debit note recorded for change in nature of sales by selecting Change in Nature as Nature of Return, in the reporting period. The transactions with Sales Taxable and Sales - Works contract as Nature of transaction are considered in this case. To record debit note for change in nature of sales 1. Go to Gateway of Tally > Accounting Vouchers > Ctrl+F9. 2. Press Ctrl+V for voucher mode. 3. Debit the party and enter amount in Debit column. o Enter required details in Bill-wise Details screen and press Enter. 4. Credit sales ledger(s) with Sales Taxable, and Sales - Works contract as the Nature of transaction. o Enter the required details in Inventory Allocation screen and press Enter. 5. Select the VAT duty ledger and enter the amount in Credit column. 6. Set the option Provide VAT Details? to Yes. ● Select Change in Nature as the Nature of Return in Statutory Details screen. ● Press Enter to return to voucher creation. 7. Press Enter to save.	Displays the value of duty ledger debited in credit note, recorded for change in nature of sales by selecting Change in Nature as Nature of Return, in the reporting period. The transactions with Sales Taxable and Sales - Works contract as Nature of transaction are considered in this case. To record credit note for change in nature of sales 1. Go to Gateway of Tally > Accounting Vouchers > Ctrl+F8. 2. Press Ctrl+V for voucher mode. 3. Debit sales ledger(s) with Sales Taxable, and Sales - Works contract as the Nature of transaction. o Enter the required details in Inventory Allocation screen and press Enter. 4. Select the VAT duty ledger and enter the amount in Debit column. 5. Credit the party and enter required details in Bill-wise Details screen. 6. Set the option Provide VAT Details? to Yes. ● Select Change in Nature as the Nature of Return in Statutory Details screen. ● Press Enter to return to voucher creation. 7. Press Enter to save.
3.Change in agreed consideration	Displays the value of duty ledger credited in debit note recorded for change in consideration due to escalation of price, by selecting Change in Consideration as Nature of Return, in the reporting period. The transactions with Sales Taxable and Sales - Works contract as Nature of transaction are considered in this case. To record debit note for change in consideration sales 1. Go to Gateway of Tally > Accounting Vouchers > Ctrl+F9. 2. Press Ctrl+V for voucher mode. 3. Debit the party and enter amount in Debit column. o Enter required details in Bill-wise Details screen and press Enter. 4. Credit sales ledger(s) with Sales Taxable, and Sales - Works contract as the Nature of transaction. o Enter the required details in Inventory Allocation screen and press Enter. 5. Select the VAT duty ledger and enter the amount in Credit column. 6. Set the option Provide VAT Details? to Yes. ● Select Change in Consideration as the Nature of Return in Statutory Details screen. ● Press Enter to return to voucher creation. 7. Press Enter to save.	Displays the value of duty ledger debited in credit note, recorded for change in consideration due to de-escalation of price, by selecting Change in Consideration as Nature of Return, in the reporting period. The transactions with Sales Taxable and Sales - Works contract as Nature of transaction are considered in this case. To record credit note for change in nature of sales 1. Go to Gateway of Tally > Accounting Vouchers > Ctrl+F8. 2. Press Ctrl+V for voucher mode. 3. Debit sales ledger(s) with Sales Taxable, and Sales - Works contract as the Nature of transaction. o Enter the required details in Inventory Allocation screen and press Enter. 4. Select the VAT duty ledger and enter the amount in Debit column. 5. Credit the party and enter required details in Bill-wise Details screen. 6. Set the option Provide VAT Details? to Yes. ● Select Change in Consideration as the Nature of Return in Statutory Details screen. ● Press Enter to return to voucher creation. 7. Press Enter to save.
4.Sales return		Displays the value of duty ledger debited in credit note, recorded for return of goods, by selecting Not Applicable as Nature of Return, in the reporting period. The transactions with Sales Taxable and Sales - Works contract as Nature of transaction are considered in this case. To record credit note for sales return 1. Go to Gateway of Tally > Accounting Vouchers > Ctrl+F8. 2. Press Ctrl+V for voucher mode. 3. Debit sales ledger(s) with Sales Taxable, and Sales - Works contract as the Nature of transaction. o Enter the required details in Inventory Allocation screen and press Enter. 4. Select the VAT duty ledger and enter the amount in Debit column. 5. Credit the party and enter required details in Bill-wise Details screen. 6. Set the option Provide VAT Details? to Yes. ● Select Not Applicable as the Nature of Return in Statutory Details screen. ● Press Enter to return to voucher creation. 7. Press Enter to save.
5.Tax payable on goods held on the date of cancellation of registration	Displays the tax payable on closing stock at the time of cancelling the registration, as the value of duty ledger credit in VAT adjustment journal voucher recorded by selecting Increase of Tax Liability as Nature of adjustment and Tax Payable on Goods Held on the Date of Cancellation of Registration as Additional Details. To create a Journal voucher for tax payable on closing stock 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Increase of Tax Liability in the Nature of adjustment field. o Select the option Tax Payable on Goods Held on the Date of Cancellation of Registration in Additional Details field. o Press Enter to return to voucher. 3. Debit the expense ledger created under the group Indirect Expenses and enter the value in the Debit column. 4. Credit the duty ledger grouped under Duties & Taxes. o Enter the Rate, Assessable Value, Commodity name and Commodity Code in VAT Details screen and press Enter. 5. Press Enter to save.
6.Purchase tax	Displays the increase in output tax, as the value of duty ledger credited in VAT adjustment journal voucher recorded by selecting Tax on URD Purchase as Nature of adjustment. To create a Journal voucher for increase of output tax 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Tax on URD Purchase in the Nature of adjustment field. o Press Enter to return to voucher. 3. Debit the expense ledger. 4. Enter the value in the Debit column. 5. Credit the VAT ledger created for purchase tax, grouped under Duties & Taxes. o Enter the Rate and Assessable Value in VAT Details screen and press Enter. 6. Press Enter to save.	Displays the decrease in output tax, as the value of duty ledger debited in VAT adjustment journal voucher recorded by selecting Decrease of Output Tax as Nature of adjustment and Tax on URD Purchase as Additional Details. To create a Journal voucher for decrease of output tax 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Decrease of Output Tax in the Nature of adjustment field. o Select the option Tax on URD Purchase in the Additional Details field. o Press Enter to return to voucher. 3. Debit the VAT ledger created for purchase tax under the group Duties & Taxes. o Enter the Rate, Assessable Value, Commodity name and Commodity Code in VAT Details screen and press Enter. 4. Enter the value in the Debit column. 5. Credit the expense ledger. 6. Press Enter to save.
7.Others, if any (specify)	Displays the increase in output tax due to other adjustments, as the value of duty ledger credited in VAT adjustment journal voucher recorded by selecting Increase of Output Tax as Nature of adjustment and Other Adjustments as Additional Details. The transactions with Sales Taxable and Sales - Works contract as Nature of transaction are considered in this case. To create a Journal voucher for increase of tax due to other adjustments 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Increase of Output Tax in the Nature of adjustment field. o Select the option Other Adjustments in the Additional Details field. o Press Enter to return to voucher. 3. Debit the party and enter amount in Debit column. o Enter required details in Bill-wise Details screen and press Enter. 4. Credit sales ledger(s) with Sales Taxable, and Sales - Works contract as the Nature of transaction. o Enter the required details in Inventory Allocation screen and press Enter. 5. Select the VAT duty ledger and enter the amount in Credit column. o Enter the Rate and Assessable Value in VAT Details screen and press Enter. 6. Press Enter to save.	Displays the decrease in output tax due to other adjustments, as the value of duty ledger debited in VAT adjustment journal voucher recorded by selecting Decrease of Output Tax as Nature of adjustment and Other Adjustments as Additional Details. The transactions with Sales Taxable and Sales - Works contract as Nature of transaction are considered in this case. To create a Journal voucher for decrease of tax due to other adjustments 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Decrease of Output Tax in the Nature of adjustment field. o Select the option Other Adjustments in the Additional Details field. o Press Enter to return to voucher. 3. Debit sales ledger(s) with Sales Taxable, and Sales - Works contract as the Nature of transaction. o Enter the required details in Inventory Allocation screen and press Enter. 4. Enter the amount in Debit column. 5. Select the VAT duty ledger. o Enter the Rate and Assessable Value in VAT Details screen and press Enter. 6. Enter the amount in Credit column. 7. Debit the party and enter amount in Debit column. o Enter required details in Bill-wise Details screen and press Enter. 8. Press Enter to save.
8.Total	Displays auto computed sum of values in Increase in Output Tax (I) column.	Displays auto computed sum of values in Decrease in Output Tax (II) column.
B. Net Increase / (decrease) in Output Tax (I-II)	Displays difference in the values of the columns Increase in Output Tax (I) and Decrease in Output Tax (II). Negative value is displayed with (-) sign.
C. Adjustments in Tax Credit
Nature of adjustment	Increase in Tax Credit (III)	Decrease in Tax Credit (IV)
1.Tax credit carried forward from previous tax period(s)	Displays the tax credit available with the period, as the debit value of the duty ledger. In the first period, opening balance recorded for the duty ledger is displayed and subsequently the debit balance carried forward is displayed.
2. On receipt of debit note from the seller	Displays the value of duty ledger debited in credit note, recorded for reversal of tax on receipt of debit note from seller, by selecting Receipt of Debit Notes From Seller as Nature of Return, in the reporting period. The transactions with Purchase Taxable and Purchase - Works contract as Nature of transaction are considered in this case. To record credit note for reversal of tax on receipt of debit note from seller 1. Go to Gateway of Tally > Accounting Vouchers > Ctrl+F8. 2. Press Ctrl+V for voucher mode. 3. Debit purchase ledger(s) with Purchase Taxable, and Purchase - Works contract as the Nature of transaction. o Enter the required details in Inventory Allocation screen and press Enter. 4. Enter the amount in Debit column. 5. Select the VAT duty ledger and enter the amount in Debit column. 6. Credit the party and enter required details in Bill-wise Details screen. 7. Set the option Provide VAT Details? to Yes. ● Select Receipt of Debit Notes From Seller as the Nature of Return in Statutory Details screen. ● Press Enter to return to voucher creation. 8. Press Enter to save.
3. On receipt of credit note from seller		Displays the value of duty ledger credited in debit note, recorded for reversal of tax on receipt of credit note from seller, by selecting Receipt of Debit Notes From Seller as Nature of Return, in the reporting period. The transactions with Purchase Taxable and Purchase - Works contract as Nature of transaction are considered in this case. To record debit note for reversal of tax on receipt of credit note from seller 1. Go to Gateway of Tally > Accounting Vouchers > Ctrl+F9. 2. Press Ctrl+V for voucher mode. 3. Debit the party and enter amount in the Debit column. o Enter the required details in Bill-wise Details screen. 4. Credit purchase ledger(s) with Purchase Taxable, and Purchase - Works contract as the Nature of transaction. o Enter the required details in Inventory Allocation screen and press Enter. 5. Enter the amount in Credit column. 6. Select the VAT duty ledger and enter the amount in Credit column. 7. Set the option Provide VAT Details? to Yes. ● Select Receipt of Credit Notes From Seller as the Nature of Return in Statutory Details screen. ● Press Enter to return to voucher creation. 8. Press Enter to save.
4. Purchase return or rejects		Displays the value of duty ledger credited in debit note, recorded for reversal of tax on receipt of credit note from seller, by selecting Not Applicable as Nature of Return, in the reporting period. The transactions with Purchase Taxable and Purchase - Works contract as Nature of transaction are considered in this case. To record debit note for purchase returns 1. Go to Gateway of Tally > Accounting Vouchers > Ctrl+F8. 2. Press Ctrl+V for voucher mode. 3. Debit the party and enter amount in the Debit column. o Enter the required details in Bill-wise Details screen. 4. Credit purchase ledger(s) with Purchase Taxable, and Purchase - Works contract as the Nature of transaction. o Enter the required details in Inventory Allocation screen and press Enter. 5. Enter the amount in Credit column. 6. Select the VAT duty ledger and enter the amount in Credit column. 7. Set the option Provide VAT Details? to Yes. ● Select Not Applicable as the Nature of Return in Statutory Details screen. ● Press Enter to return to voucher creation. 8. Press Enter to save.
5. Goods subsequently used, fully or partly, for purposes other than for which credit is allowed		Displays the value of input credit reversed on use of goods for purpose other than intended. It is the value of the duty ledger credited in VAT adjustment journal voucher recorded by selecting Decrease of Input Tax as Nature of adjustment and Change in Use of Goods, for Purchase Other Than for Which Credit Allowed as Additional Details. To create a Journal voucher for decrease of input 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Decrease of Input Tax in the Nature of adjustment field. o Select the option Change in Use of Goods, for Purchase Other Than for Which Credit Allowed in the Additional Details field. o Press Enter to return to voucher. 3. Debit expense ledger created under Indirect Expenses and enter the amount in Debit column. 4. Credit the VAT duty ledger created under Duties & Taxes. o Enter the Rate and Assessable Value in VAT Details screen and press Enter. 5. Press Enter to save.
6. Branch/consignment transfer of goods from the state to other states on which previously input tax credit has been taken		Displays the value of input credit disallowed on branch/consignment transfer, as the value of the duty ledger credited in VAT adjustment journal voucher recorded by selecting Reversal of Input Tax as Nature of adjustment and Tax Credit Disallowed in Respect of Branch/Consignment Transfer as Additional Details. To create a Journal voucher for reversal of disallowed tax credit 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Reversal of Input Tax in the Nature of adjustment field. o Select the option Tax Credit Disallowed in Respect of Branch/Consignment Transfer in the Additional Details field. o Press Enter to return to voucher. 3. Debit expense ledger created under Indirect Expenses and enter the amount in Debit column. 4. Credit the VAT duty ledger created under Duties & Taxes. o Enter the Rate, Assessable Value, Commodity name, and Commodity Code in VAT Details screen and press Enter. 5. Press Enter to save.
7. Tax credit on Second-hand goods	Displays the tax credit availed on purchase of second hand goods with original invoice, as the value of duty ledger debited in VAT adjustment journal voucher recorded by selecting Increasing Input Tax as Nature of adjustment and Tax Credit for Purchase of Second-Hand Goods as Additional Details. To create a Journal voucher for increasing Input tax on second hand goods purchase 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Increasing Input Tax in the Nature of adjustment field. o Select the option Tax Credit for Purchase of Second-Hand Goods in the Additional Details field. o Press Enter to return to voucher. 3. Debit VAT duty ledger and enter the amount in Debit column. o Enter the Rate and Assessable Value in VAT Details screen and press Enter. 4. Credit income ledger created under Current Assets. 5. Press Enter to save.
8. Input tax credit upon withdrawal from Composition Scheme	Displays the value of tax credit availed on goods held upon withdrawal from composition scheme, as the value of duty ledger credit in VAT adjustment journal voucher recorded by selecting Increasing Input Tax as Nature of adjustment and Switch Over as Additional Details. To create a Journal voucher for increasing Input tax on withdrawal from composition scheme 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Increasing Input Tax in the Nature of adjustment field. o Select the option Switch Over in the Additional Details field. o Press Enter to return to voucher. 3. Debit VAT duty ledger created under Duties and Taxes. o Enter the Rate and Assessable Value in VAT Details screen and press Enter. 4. Enter the amount in Debit column. 5. Credit purchase ledger created under Purchase Accounts. o Enter the required details in Inventory Allocations screen and press Enter. 6. Press Enter to save.
9. Tax credit on trading stock and raw material held at the time of registration	Displays the value of tax credit on goods held at the time of registration, as the value of duty ledger debited in the VAT adjustment journal voucher recorded by selecting Increasing Input Tax as Nature of adjustment and Opening Stock as Additional Details. To create a Journal voucher for increasing Input tax on stock held during registration 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Increasing Input Tax in the Nature of adjustment field. o Select the option Opening Stock in the Additional Details field. o Press Enter to return to voucher. 3. Debit VAT duty ledger created under Duties & Taxes. o Enter the Rate and Assessable Value in VAT Details screen and press Enter. 4. Enter the amount in Debit column. 5. Credit purchase ledger created under Purchase Accounts. o Enter the required details in Inventory Allocations screen and press Enter. 6. Press Enter to save.
10. Goods lost, stolen or destroyed, used as gift / sample.		Displays the value of tax reversed for goods stolen, destroyed, and gifted in the reporting period, as the value of duty ledger credited in VAT adjustment journal voucher recorded by selecting Reversal of Input Tax as Nature of adjustment and Goods Lost, Stolen Or Destroyed, Used As Gift, Sample as Additional Details. To create a Journal voucher for reversal of tax credit due to loss/gift 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Reversal of Input Tax in the Nature of adjustment field. o Select the option Goods Lost, Stolen Or Destroyed, Used As Gift, Sample in the Additional Details field. o Press Enter to return to voucher. 3. Debit expense ledger created under Indirect Expenses and enter the amount in Debit column. 4. Credit the VAT duty ledger created under Duties & Taxes. o Enter the Rate, Assessable Value, Commodity name, and Commodity Code in VAT Details screen and press Enter. 5. Press Enter to save.
11. ITC on purchase of Capital Goods	Displays the value of tax credit claimed on purchase of capital goods (installments), as the value of duty ledger debited in the VAT adjustment journal voucher recorded by selecting Input Tax Credit Admitted On Capital Goods as Nature of adjustment. To create a Journal voucher for input tax credit on purchase of capital goods 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Input Tax Credit Admitted On Capital Goods in the Nature of adjustment field. o Press Enter to return to voucher. 3. Debit VAT duty ledger created under Duties & Taxes. o Select the purchase invoice and enter other details in the Credit Settlement Details screen and press Enter. 4. Enter the amount in Debit column. 5. Credit Current Assets ledger. 6. Press Enter to save.
12. ITC on Goods purchased for transfer of right to use.	Displays the value of ITC on purchases for transfer, as the value of duty ledger debited in the VAT adjustment journal voucher recorded by selecting Increasing Input Tax as Nature of adjustment and Tax Adjustment Towards Transfer of Right to Use as Additional Details. To create a Journal voucher for reversal of input on purchases for transfer 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Increasing Input Tax in the Nature of adjustment field. o Select the option Tax Adjustment Towards Transfer of Right to Use in the Additional Details screen. o Press Enter to return to voucher. 3. Debit VAT duty ledger created under Duties & Taxes. o Enter Rate and Assessable Value in VAT Details screen. 4. Enter the amount in Debit column. 5. Credit ledger created under Current Assets. 6. Press Enter to save.
13. Purchase tax (if ITC is available)	Displays the increase in tax for the purchase from unregistered dealer, as the value of duty ledger debited in VAT adjustment journal voucher recorded by selecting Input Tax Adjustment for Purchases From URDs as Nature of adjustment. To create a Journal voucher for ITC on purchase from URD 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. o Select the option VAT in the Type of duty/tax field. o Select the option Input Tax Adjustment for Purchases From URDs in the Nature of adjustment field. o Press Enter to return to voucher. 3. Debit the VAT duty ledger created under the group Duties & Taxes. o Enter the Rate, Assessable Value, Commodity name and Commodity Code in VAT Details screen and press Enter. 4. Enter the value in the Debit column. 5. Credit the expense ledger or ledger grouped under Current Assets. 6. Press Enter to save.
14. Others, if any (specify)	Displays the increase in input credit due to other adjustments, as the value of duty ledger debited in VAT adjustment journal voucher recorded by selecting Increasing Input Tax as Nature of adjustment and Other Adjustments as Additional Details. The transactions with Purchase Taxable and Purchase - Works contract as Nature of transaction are considered in this case.	Displays the decrease in input credit due to other adjustments, as the value of duty ledger credited in VAT adjustment journal voucher recorded by selecting Decrease of Input Tax as Nature of adjustment and Other Adjustments as Additional Details. The transactions with Purchase Taxable and Purchase - Works contract as Nature of transaction are considered in this case.
Total	Displays auto computed sum of values in Increase in Tax Credit (III) column.	Displays auto computed sum of values in Decrease in Tax Credit (IV) column.
D. Net Increase / (decrease) in Tax Credit (III-IV)	Displays auto computed value of difference in Increase in Tax Credit (III) and Decrease in Tax Credit (IV) columns. Negative value is displayed with (-) sign.
Signature	This field is left blank for signature.

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Tally.ERP 9 Topics

Printing VAT Form I (Puducherry)