This page provides all the FAQ related to VAT feature in general.
1. What is VAT?
2. What is the hierarchy followed for picking tax details in VAT?
3. How do I define tax at company level?
4. How do I define tax at group level?
5. How do I define a common VAT rate to all the stock items that are categorised under the same group?
6. How do I change or revise the VAT rate?
9. How to calculate VAT on item rate?
10. How to specify VAT details of the party when recording a cash sale?
11. How do I define VAT details in purchase and sales ledgers?
12. How do I specify VAT details in party ledgers?
13. How do I create CST ledgers?
14. How do I view the history of VAT rates defined?
15. How to record interstate transactions against Form H and I?
It is not necessary to record an adjustment entry to adjust output VAT with input VAT amount whenever VAT is payable, because the VAT amount is auto adjusted from release 5.0 onwards.
18. Why does the PAN number not appear in the printed invoice?
To print PAN in the invoice, ensure that the Ledger Name and the Mailing Name under Ledger master are the same.
19. How to view the declaration receivable and payable forms in 5.x?
20. VAT payable amount is not pre-filled while recording stat payment transaction, why?
21. How do I define state-wise MRP?
22. When VAT is not calculated on MRP, how do I display the MRP on an invoice?
Yes, the option Is Against Form C can be enabled at party ledger creation screen.
To do this
● Open the interstate party ledger creation or alteration screen.
● Set the option Set/Alter VAT Details to Yes .
● Set the option Sales/purchases against Form C to Yes or No , as required.
26. Are the tax payment transactions included in Total number of transactions shown in VAT computation?
27. How to adjust for difference in VAT amount from VAT triangulation report?
29. How to Include/Add Specific Additional ledger values?
30. What is restrictive tax invoice?
33. How to override the tax classification details for deemed export and branch transfer outward?
34. How to configure tax rates after migrating VAT data?
36. How to capture the post-dated tax payment transactions in VAT/CST triangulation reports?
1. How to generate Annexures from triangulation report?
To generate annexures, click A : Annexures from the triangulation reports of Bihar, Delhi, Gujarat, Madhya Pradesh, Maharashtra and Tamil Nadu.
2. What are the enhancements in triangulation experience in release 5.4?
3. How to resolve Incomplete/mismatch in information transactions from Release 5.4?
4. How to resolve ledger exceptions from Incomplete/mismatch in information transactions?
5. What is the function of button View Accepted as is ?
The View Accepted as is button in the VAT form report displays the list of vouchers, the exceptions which were accepted as is. The exceptions in vouchers can be corrected or accepted as is to be included in returns. All such vouchers which were included using accept as is option are listed in this report.
6. How to generate annual returns?
7. How to save unsaved quarterly returns from Annual return screen?
9. Are annual returns for Bihar and Gujarat available in Release 4.93?
No. The annual return forms for Bihar and Gujarat are supported only from Release 5.4.
10. Is it required to save monthly/quarterly returns to generate Annual Returns?
1. How do I copy default accounting details from one stock item to another stock item/group?
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