Payment Section of VAT-15 (Punjab)

1 : Net Tax payable

(i) CST

Displays auto calculated value from box 6(k)(i) of VAT-15.

(ii) VAT

Displays auto calculated value from box 6(k)(ii) of VAT-15.

(iii) PIDF

This field is currently blank.

2 : DETAILS OF VOLUNTARY PAYMENT OF INTEREST & PENALTY ON LATE PAYMENT OF TAX

Type of Tax

Displays VAT or CST based on the Tax Type selected in Stat Payment Details screen of payment voucher.

Amount of Tax paid late

Displays the amount of VAT and additional tax entered in payment voucher if interest or penalty amount is paid along with it.

If more than one transaction is recorded, the consolidated value of all the transactions appears here. Based on the type of tax selected, the corresponding amount of interest and penalty appears in separate rows.

Amount of interest @ 0.5%

Displays the amount entered by selecting the Payment Type as Interest in the Payment Type screen of payment voucher. If more than one transaction is recorded, the consolidated value of all the transactions appears here. Based on the type of tax selected, the corresponding interest amount appears here.

Amount of penalty @ 2% (if voluntarily paid with tax)

Displays the amount entered by selecting the Payment Type as Penalty in the Payment Type screen of payment voucher. If more than one transaction is recorded, the consolidated value of all the transactions appears here. Based on the type of tax selected, the corresponding penalty amount appears here.

Total of Interest & Penalty

Displays auto calculated value.

3 : Tax Payable (After Interest & Penalty)

Amount

Displays auto calculated value.

Payment to be made for

This field is currently blank.

4 : Details of Payments already made

Mode of Payment

Displays:

●      Cash if cash ledger is selected in the tax payment voucher.

●      Cheque/DD or E-Payment, based on the Transaction Type selected in Bank Allocations screen of tax payment voucher.

Challan /Instrument No.(CIN)

Displays the Challan No./BIN entered for the payment voucher in the Stat Payment Details screen of Tax Payment Reconciliation screen.

Note: If the Challan No./BIN is not provided, then the information entered in Instrument No. field appears here.

Date(dd/mm/yyyy)

Displays the Deposit Date entered for the payment voucher in the Stat Payment Details screen of Tax Payment Reconciliation screen.

Bank/Treasury Name

Displays the Name of the Bank entered for the payment voucher in the Stat Payment Details screen of Tax Payment Reconciliation screen.

Bank Code/Treasury Code

Displays the Branch code(remittance) entered for the payment voucher in the Stat Payment Details screen of Tax Payment Reconciliation screen.

VAT Amount

Displays the total amount of VAT and additional tax entered in tax payment voucher.

PMF Amount

Displays auto calculated value.

PMIDF Amount

Displays auto calculated value.

Total Amount

Displays auto calculated value.

Total

Displays auto calculated value.