The Form VAT - 2 is a payment challan which is generated on making statutory payments towards VAT.
To generate a VAT payment challan
1. Click S: Stat Payment and provide the relevant details.
In the Stat Payment Details screen,
1. Select VAT as Tax Type.
2. Enter the dates in Period From and To fields.
3. Select the required Type of Payment.
4. Press Enter to return to payment voucher.
2. Select the bank ledger.
3. Select the VAT ledger and enter the amount. Similarly, select ledgers created for interest, penalty, demand dues, other dues and TDS as applicable.
Note: For interest, penalty, TDS, other dues and demand ledgers grouped under Current Liabilities, select the relevant Types of Payment in the Payment Type screen.
4. Press Ctrl+A to accept the voucher. Go to alteration mode of this payment voucher (press PgUp).
5. Click P: Print to print the voucher. In the Voucher Printing screen provide the relevant details. The Voucher Printing screen appears.
In the Voucher Printing screen,
o Set Print as VAT Challan? to Yes.
o Enter the name of authorised person in Name of the Tender field.
o Enter the Last Date of Payment and Demand/Disposal Number.
6. Press Enter to print.
The following four copies of Form VAT - 2 challan gets printed:
● CHALLAN A (To Be retained by Bank)
● CHALLAN B (To Be retained in the Treasury)
● CHALLAN C (To be sent by the Treasury Officer to the Department Excise and Taxation Office)
● CHALLAN D (To be returned to the persons)
Description of data captured in each field of the challan is tabulated below:
Field Name |
Description |
1. District |
Displays the District name entered in Company VAT Details screen. |
2. TIN |
Displays the TIN entered in Company VAT Details screen. |
3. Name of Firm/Person/ Individual/Applicant: |
Displays the Mailing Name entered in Company creation screen. |
4. Complete Address |
Displays the Address entered in Company creation screen. |
5. By whom tendered |
Displays the Name of the Tender entered in Voucher Printing screen of payment voucher. |
6. Period |
Displays the dates entered in Period From and To fields in Stat Payment Details screen of payment voucher. |
7. Paid as |
|
(a) Voluntary Tax TOT |
This field is currently left blank. |
(b) Voluntary Tax VAT |
Displays the amount entered for VAT ledger in payment voucher. VAT ledger must be grouped under Duties & Taxes with Type of duty/tax set to VAT. |
(c) Advance Tax |
Displays the amount entered for expense or liability ledger by selecting the Type of Payment as Advance Tax in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities |
(d) Total VAT (a+b+c) |
Displays auto calculated value. |
(e) Additional tax payable u/s 8-B (Additional VAT) |
Displays the amount entered for expense or liability ledger by selecting the Type of Payment as Surcharge in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities |
(f) Additional demand Created by Order No. Dated: |
Displays the Demand/Disposal Number entered in the Voucher Printing screen of payment voucher. |
(f)1 Amount |
Displays the amount entered for expense or liability ledger by selecting the Type of Payment as Demand in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities |
(f)2 Interest |
Displays the amount entered for expense or liability ledger by selecting the Type of Payment as Interest in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities |
(f)3 Penalty |
Displays the amount entered for expense or liability ledger by selecting the Type of Payment as Penalty in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities |
(f) Total |
Displays auto calculated value. |
(g) TDS |
Displays the amount entered for expense or liability ledger by selecting the Type of Payment as TDS in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities |
(h) Cash Security |
Displays the amount entered for expense or liability ledger by selecting the Type of Payment as Cash Security in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities |
(i) Registration Fees |
Displays the amount entered for expense or liability ledger by selecting the Type of Payment as Registration Fees in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities |
(j) Processing Fees |
Displays the amount entered for expense or liability ledger by selecting the Type of Payment as Processing Fees in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities |
(k) Earnest Money/Bid Money |
Displays the amount entered for expense or liability ledger by selecting the Type of Payment as Earnest Money/Bid in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities |
(l) Any Other (To Be specified) |
Displays the amount entered for expense or liability ledger by selecting the Type of Payment as Others in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities |
(m) Entry Tax |
Displays the amount entered for expense or liability ledger by selecting the Type of Payment as Entry Tax in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities |
(n) Tax on Lotteries |
Displays the amount entered for expense or liability ledger by selecting the Type of Payment as Lottery Tax in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities |
(o) Total (in Figures) |
Displays auto calculated value. |
Name of Bank and Branch |
Displays the Name of the Bank and Name of the Branch entered in Stat Payment Details screen of Tax Payment Reconciliation report. |
'Form 2 Challan (Punjab)' has been shared with
