Annexure III displays details of purchase value of capital goods, and purchase value of goods not eligible for input tax as per Schedule D in the return period.
To view Annexure III
1. Go to Gateway of Tally > Display > Statutory Reports > VAT > Form VAT 201 > Annexure Ready.
2. Press Enter.
3. Select Annexure III.
4. Press Enter.
To export Annexure III
1. Copy the required excel template to the Tally.ERP 9 installation folder.
2. Go to Gateway of Tally > Display > Statutory Reports > VAT > Form VAT 201 > Annexure Ready.
3. Select Annexure III, and press Enter.
4. Press Ctrl+E to view the Export Report screen.
5. Press Enter to export.
The nature of transactions considered for Annexure III:
● Purchase Taxable - Capital Goods
● Purchases Non-Creditable
A brief explanation about the annexure fields is given below:
|
Field Name |
Description |
|
Table I |
|
|
Particulars of purchase of capital goods |
Displays the purchase value of capital goods at 2%, 5%, 13.5%, and 14.5% tax rate. The VAT paid on the goods is auto calculated. |
|
Table II |
|
|
Particulars of purchase of capital goods not eligible for input tax as per Schedule-D |
Displays the purchase value of capital goods that are not eligible for input tax credit under Schedule D at 2%, 5%, 13.5%, and 14.5% tax rate. The VAT paid on the goods is auto calculated. |
|
11. Total creditable input tax [05 (B) - 10(B)] |
Displays auto calculated value. |
|
12. Input Tax Credit on Capital goods brought forward from previous tax period |
Displays auto calculated value. To adjust the input tax credit record a journal voucher using Input Tax Credit Admitted On Capital Goods as the Nature of adjustment. To record input tax credit on capital goods 1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal. 2. Click J: Stat Adjustment. 3. Select VAT as the Type of Duty/ Tax. 4. Select Input Tax Credit Admitted On Capital Goods as the Nature of adjustment. 5. Debit VAT ledger. 6. Credit purchase, expense, or asset ledger. 7. Press Ctrl+A to accept. |
|
13. Total Creditable Input Tax [Box 11 + Box 12] |
Displays auto calculated value. |
Last updated for Release 5.5.3
'Annexure III - Form VAT 201 (Odisha)' has been shared with
