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A new GSTR-2B API is applicable from 14th Nov 2024, which affects auto-reconciliation of GSTR-2B for Oct-24. Stay tuned for our upcoming release, TallyPrime 5.1, which supports this and makes reconciliation even smoother.
https://help.tallysolutions.com/docs/te9rel60/Tax_India/VAT/Karnataka/ka_local_pur_annx.htm

Local Purchase Annexure (Karnataka)

You can generate local purchase annexure by exporting data to the e-filing template.

Pre-requisites to capture values in Local Purchases Annexure

Party Ledger

Following details should be defined in the party ledger selected in the purchase invoice.

●     VAT TIN should be of 11 digits with '29' as the first two digits

●     Type of Dealer set to Regular, Unregistered or Composition

Nature of Transaction

In Local Purchases annexure, the values of purchase recorded using the following Nature of Transactions are displayed:

●     Purchase Taxable

●     Purchase - Works Contract

●     Purchase Exempt

●     Purchase From Composition Dealer

●     Purchase From Unregistered Dealer

●     Purchase Others

●     Consignment Transfer Inward

VAT Rates

To display transaction details of purchases recorded using the aforementioned taxable Nature of Transactions, the VAT rates have to be defined in the,

●     Stock item master.

●     Purchase ledger, if common ledger is not being used.

The tax rates considered in this annexure for purchases made from registered and unregistered dealers are, 1%, 2%, 4%, 5%, 5.5%, 12.5%, 13.5%, 14%, 14.5%, 15%, 15.65%, 17%, 20%, 25% and 28%.

The description on each column of this annexure is given below:

Field Name

Description

Seller TIN

Displays the VAT TIN of 11 digits with 29 as the first two digits predefined in the party master or entered in the Party Details screen of purchase invoice.

Name of Seller

Displays the name of the party or cash ledger selected in the purchase invoice.

Invoice Number

Displays the invoice number entered in the Supplier Invoice No. field of purchase invoice.

Invoice Date (DD/MM/YYYY)

Displays the invoice date entered in the Date field adjacent to Supplier Invoice No. field of purchase invoice in DD/MM/YYYY format.

Net Value

Displays the assessable value of purchases.

Tax Value

Displays the input VAT paid on taxable purchases.

Other Charges

Displays the value entered for separately charged expenses (ledger grouped under direct/indirect expenses with the option Use for Assessable Value Calculation set to No).

Total Value

Displays the invoice value.

 

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