FAQs - VAT (Madhya Pradesh)

This page provides all the FAQ related to VAT for Madhya Pradesh.

Defining Tax Rates

Creating Masters

Recording Purchase Transactions

Recording Sales Transactions

Recording Adjustment and Payment Transactions

Forms and Annexures

Resolving Exceptions

Release 5.4

Defining Tax Rates

1.     How do I enable VAT?

2.     How do I define tax rates at group level?

3.     How do I define tax rates at ledger level?

4.     How do I define tax rates at stock item level?

5.     The VAT rate I have configured has changed now. How can I revise the rate in my data?

Creating Masters

1.     How do I create a supplier ledger?

2.     How do I create a customer ledger?

3.     How do I create a purchase ledger?

4.     How do I create a sales ledger?

5.     How do I create a VAT ledger under Duties & Taxes?

6.     How do I create a VAT ledger under Current Assets or Current Liabilities?

7.     How do I create a VAT classification?

Recording Purchase Transactions

1.     How do I record local purchase transaction for items attracting multiple VAT rates?

2.     How do I record interstate purchase invoice against Form C?

3.     How do I record interstate purchase invoice for items attracting multiple CST rates without Form C?

4.     How do I record purchase works contract transaction?

5.     How do I record purchases of capital goods?

6.     How do I record purchases made from unregistered dealers?

Recording Sales Transactions

1.     How do I record a local sales invoice for taxable goods with multiple VAT rates?

2.     How do I record an interstate sales invoice against Form C?

3.     How do I record an interstate sales invoice for items attracting multiple CST rates?

4.     How do I record a sales works contract transaction?

5.     How do I record a sales transaction inclusive of tax?

6.     How do I record sales transaction with tax on MRP?

7.     How do I record a transaction by overriding tax details in invoice or voucher?

8.     How do I record a sales transaction with VAT and service tax?

9.     How do I record sales invoice with VAT and excise duty?

Recording Adjustment and Payment Transactions

1.     How do I record a purchase return?

2.     How do I record a sales return?

3.     How do I record a payment voucher?

4.     How do I record a journal voucher for interest payable?

Forms and Annexures

1.     What is VAT Form 10?

2.     How do I save the VAT return?

3.     How do I export Form 10?

4.     How do I export CST Form 5?

Resolving Exceptions

1.     How do I resolve No. of voucher with incomplete/mismatch in information exception?

2.     How do I resolve Country, state and dealer type mismatch/not specified exception?

3.     How do I resolve Tax rate/tax type not specified exception?

4.     How do I resolve Nature of transaction, assessable value, rate of tax modified in voucher exception?

5.     How do I resolve Incorrect tax type selected in tax ledger exception?

6.     How do I resolve Mismatch due to tax amount modified in voucher exception?

7.     How do I resolve Voucher with incomplete/incorrect adjustment details exception?

8.     How do I resolve Information required for generating annexure not provided exception?

Release 5.4

1.     What are the enhancements for Madhya Pradesh in Release 5.4?

2.     How to specify reporting unit of measure in items?

3.     What are the known gaps in Madhya Pradesh VAT forms?