Annexure V displays all adjustment values that are recorded by the dealer during the tax period.
To view Annexure V
1. Go to Gateway of Tally > Display > Statutory Reports > VAT > Form VAT 201 > Annexure Ready.
2. Press Enter.
3. Select Annexure V.
4. Press Enter.
To export Annexure V
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 V, and press Enter.
4. Press Ctrl+E to view the Export Report screen.
5. Press Enter to export.
The VAT amount entered in the journal vouchers recorded with the following details are captured in this annexure:
● Debit note issued by seller for insufficient VAT in purchase
o Nature of Adjustment: Increase Of Output Tax
o Additional Details: Debit note issued by seller (insufficient VAT in purchase)
o Debit: Party ledger
o Credit: VAT ledger
● Debit note issued to buyer for insufficient VAT in sales
o Nature of Adjustment: Increasing Input Tax
o Additional Details: Debit note issued to buyer (insufficient VAT in sales)
o Debit: VAT ledger
o Credit: Party ledger
● Credit note issued by seller for excess VAT in purchase
o Nature of Adjustment: Decrease of Output Tax
o Additional Details: Credit note issued by seller (excess VAT in purchase)
o Debit: VAT ledger
o Credit: Party ledger
● Credit note issued to buyer for excess VAT in sales
o Nature of Adjustment: Decrease of Input Tax
o Additional Details: Credit note issued to buyer (excess VAT in sales)
o Debit: Party ledger
o Credit: VAT ledger
A brief explanation about the annexure fields is given below:
|
Field Name |
Description |
|
Table I |
|
|
01. Details of credit Note / Debit Note received |
|
|
Credit note number |
Displays the Original Invoice No. entered in the credit note. |
|
Credit note date |
Displays the Date entered in the credit note. |
|
Value (in Rs.) |
Displays the assessable value entered in the credit note. |
|
Tax component (in Rs.) |
Displays the tax value entered in the credit note. |
|
Debit note number |
Displays the Original Invoice No. entered in the debit note. |
|
Debit note date |
Displays the Date entered in the debit note. |
|
Value (in Rs.) |
Displays the assessable value entered in the debit note. |
|
Tax component (in Rs.) |
Displays the tax value entered in the debit note. |
|
Table II |
|
|
02. Effects of credit note / debit note received on the ITC |
|
|
Rate of tax |
Displays the tax rate against which the transactions are recorded for increase or decrease in purchase value. The tax rates are: 1%, 2%, 5%, 10%, 13.5%, 14.5%, 25%, and 50%. |
|
Total value of credit note received (in Rs.) |
Displays the total assessable value of the credit note received from the seller. |
|
Total tax effect of credit notes received (in Rs) |
Displays auto calculated value. |
|
Total value of debit note received (in Rs.) |
Displays the total assessable value of the debit note received from the seller. |
|
Total tax effect of Debit notes received (in Rs.) |
Displays auto calculated value. |
|
Total |
Displays auto calculated value. |
|
Table III |
|
|
03. Details of credit Note / Debit Note issued |
|
|
Credit note number |
Displays the Original Invoice No. entered in the credit note. |
|
Credit note date |
Displays the Date entered in the credit note. |
|
Value (in Rs.) |
Displays the assessable value entered in the credit note. |
|
Tax component (in Rs.) |
Displays the tax value entered in the credit note. |
|
Debit note number |
Displays the Original Invoice No. entered in the debit note. |
|
Debit note date |
Displays the Date entered in the debit note. |
|
Value (in Rs.) |
Displays the assessable value entered in the debit note. |
|
Tax component (in Rs.) |
Displays the tax value entered in the debit note. |
|
Table IV |
|
|
04. Effects of credit note / debit note issued on output tax |
|
|
Rate of tax |
Displays the tax rate against which the transactions are recorded for increase or decrease in sales value. The tax rates are: 1%, 2%, 5%, 10%, 13.5%, 14.5%, 20%, 25%, 26%, 35%, and 50%. |
|
Total value of credit note issued (in Rs.) |
Displays the total assessable value of the credit note issued from the seller. |
|
Total tax effect of credit notes issued (in Rs) |
Displays auto calculated value. |
|
Total value of debit note issued (in Rs.) |
Displays the total assessable value of the debit note issued from the seller. |
|
Total tax effect of Debit notes issued (in Rs.) |
Displays auto calculated value. |
|
Total |
Displays auto calculated value. |
Last updated for Release 5.5.3
'Annexure V - Form VAT 201 (Odisha)' has been shared with
