https://help.tallysolutions.com/docs/te9rel60/Tax_India/VAT/Punjab/PB_FAQs.htm

FAQ - VAT (Punjab)

You will find all Punjab VAT related FAQ on this page.

On this page:

Defining Tax Rates

Creating Masters

Recording Purchase Transactions

Recording Sales Transactions

Recording Adjustment and Payment Transactions

Forms and Annexures

Resolving Exceptions

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 to configure a purchase ledger to use it for retail purchases and purchases from exempted unit?

2.    How to select the district in party ledger master?

3.    How to configure tax amount for pre-owned cars?

4.    How to configure Diesel and petrol details under stock item?

5.    How do I create a supplier ledger?

6.    How do I create a customer ledger?

7.    How do I create a purchase ledger?

8.    How do I create a sales ledger?

9.    How do I create a freight ledger?

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

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

12.  How do I configure a ledger for Notional tax credit?

13.  How do I create a surcharge ledger?

14.  How do I create a VAT classification?

Recording Purchase Transactions

1.    How to account for purchase of schedule H items?

2.    How to record transactions of pre-owned cars?

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

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

5.    How do I record interstate purchase invoice for items attracting multiple CST rates?

6.    How do I record purchases of capital goods?

7.    How do I record taxable purchases with freight charges?

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

9.    How do I record retail purchases?

Recording Sales Transactions

1.    When and how can the land customs station details be provided in the sales transaction?

2.    Which are the new deduction types provided for works contract?

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

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

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

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

7.    How to enable Rate (Inclusive of Tax) for the stock items while passing invoice?

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

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

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

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

12.  How do I record interstate sales with additional expense?

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

Recording Adjustment and Payment Transactions

1.    How to record journal vouchers for adjustments related to schedule H items?

2.    What are the adjustment transactions for notional ITC?

3.    How do I record a purchase return?

4.    How do I record a sales return?

5.    How do I record a payment voucher?

6.    How do I record a journal voucher for adjustment towards CST?

7.    How do I record a journal voucher for reversal of input tax?

8.    How do I create a journal voucher for TDS adjustment?

9.    How do I account for increase in output tax?

10.  How do I account for increase in tax liability?

11.  How do I account for increase in input tax?

12.  How do I account for refund of input tax?

Forms and Annexures

1.    List out the forms and annexures provided in Release 5.2?

2.    What is Form VAT 15 report?

3.    What are excluded transactions?

4.    What are included transaction?

5.    What are uncertain transactions?

6.    How do I export data to Form VAT 15?

7.    How do I export data to Form VAT 16?

8.    What information is displayed in Payment Section of Form 5?

9.    How do I export data to CST Form 1?

10.  How do I save the VAT return?

11.  How do I recompute the VAT returns?

12.  How do I view included transactions details?

13.  How do I view excluded transactions details?

14.  How do I print payment voucher as VAT challan?

15.  How do I print payment voucher as CST challan?

16.  Exporting data to Punjab VAT excel templates from Tally.ERP 9

Resolving Exceptions

1.    How do I resolve Unable to determine country/state exception?

2.    How do I resolve Unable to determine party's dealer type exception?

3.    How do I resolve Unable to determine duty type of ledger exception?

4.    How do I resolve Unable to determine the tax details of the stock group/stock item(s) exception?

5.    How do I resolve Unable to determine the tax details of group/ledger(s) exception?

6.    How do I resolve Conflict in party's country/state in master and transaction exception?

7.    How do I resolve Transactions accepted with tax information conflicts exception?

8.    How do I resolve Mismatch in tax amount exception?

9.    How do I resolve Unable to determine nature of adjustment exception?

10.  How do I resolve Unable to determine purchase tax details exception?

11.  How do I view Tax Payment Reconciliation report?

12.  What is Return Transaction Book?