The Form 26 is a payment challan which is generated on making statutory payments towards VAT.
To generate a VAT payment challan
1. Click S: Stat Payment. In the Stat Payment Details screen,
o Select VAT as Tax Type.
o Enter the dates in Period From and To fields.
o Select the required Type of Payment.
o Press Ctrl+A to accept and return to payment voucher.
2. Select the bank ledger.
3. Select the VAT ledger and enter the amount. Similarly, select ledgers created for advance tax, assessed/re-assessed tax, interest, penalty, fees, and miscellaneous expenses as applicable.
Note: For ledgers grouped under Current Liabilities, select the relevant Types of Payment in the Payment Type screen.
4. Press Ctrl+A to accept the voucher.
5. Press PgUp to go to alteration mode of this payment voucher .
6. Click P: Print button to print the voucher. In the Voucher Printing screen provide the relevant details.
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.
7. Click C: Copies to view the Set the Number of Copies screen.
o Enter the required number in the field Number of Copies.
o Set the Type of Copy to Not Applicable.
o Press Enter to save and return to Voucher Printing screen.
8. Press Enter to print.
Description of data captured in each field of the challan is tabulated below:
Field Name |
Description |
_________ Government Treasury/ Sub-Treasury/ Branch of Bank of ________ |
Displays the name of the branch and bank in which tax amount is remitted as recorded in the Stat Payment Details screen displayed for particular payment voucher in Tax Payment Reconciliation report. |
Under Rs ( in words ) |
Displays the total tax payable for the quarter in the words. |
By whom tendered (1) |
Displays the name of the authorised person tendering the amount as recorded in the Voucher Printing screen. |
Name and Address of the Dealer on whose behalf money is paid and TIN (2) |
Displays the name and address of the dealer along with the TIN number. The name and address are captured from Mailing Name field of Company Creation/Company Alteration screen. The VAT registration is captured from the field TIN in Company VAT Details screen. |
Payment on account (3) |
Amount (to be entered in figures) (4) |
(a) Tax/ Lump-sum according to return for period from ___________ to _____________ |
Displays the total tax for the period captured in the adjacent field, as per the returns submitted. |
(b) Tax demanded after the Assessment for the period. |
This field is currently left blank. |
|
Case No. Assessed By |
This field is currently left blank. |
(c) Penalty |
Displays the penalty payable for the period. This value is captured from the value of the expense/liability ledger debited in payment voucher recorded by selecting Penalty as Type of Payment, in Stat Payment Details screen. |
(d) Interest |
Displays the interest payable for the period. This value is captured from the value of the expense/liability ledger debited in payment voucher recorded by selecting Interest as Type of Payment, in Stat Payment Details screen. |
(e) Registration Fee |
Displays the fee payable for the period. This value is captured from the value of expense/liability ledger debited in payment voucher recorded by selecting Fee as Type of Payment in Stat Payment Details screen. |
(f) Miscellanous |
Displays the miscellaneous payable for the period. This value is captured from the value of expense/liability ledger debited in payment voucher recorded by selecting Miscellaneous as Type of Payment in Stat Payment Details screen. |
TOTAL Rs. ( in figures) |
Displays total of all the values captured in the column in figures. |
TOTAL Rs. ( in words) |
Displays total of all the values captured in the column in words. |
Dated |
Displays the date in the challan used for depositing tax amount. This value is captured from Challan Date recorded in Stat Payment Details screen displayed for the payment voucher in Tax Payment Reconciliation report. |
Signature of the Dealer or Depositor |
This field is left blank for signature.. |
'Form 26 (Madhya Pradesh)' has been shared with
