Form VAT-2

The Form VAT - 2 is a payment challan which is generated on making statutory payments towards VAT.

To generate a VAT payment challan

1. Click S: Stat Payment and provide the relevant details.

2. Select the bank ledger.

3. Select the VAT ledger and enter the amount. Similarly, select ledgers created for interest, penalty, demand dues, other dues and TDS as applicable as shown below:

Note: For interest, penalty, TDS, other dues and demand ledgers grouped under Current Liabilities, select the relevant Types of Payment in the Payment Type screen.

4. Press Enter to accept the voucher. Go to alteration mode of this payment voucher (press PgUp).

5. Click P: Print button to print the voucher. In the Voucher Printing screen provide the relevant details. The Voucher Printing screen appears as shown below:

6. Press Enter to print.

The following four copies of Form VAT - 2 challan gets printed:

● CHALLAN A (To be retained in the Treasury)

● CHALLAN B (To be given to/to be retained by the Excise & Taxation Department)

● CHALLAN C (To be given to/to be retained by the Excise & Taxation Department)

● CHALLAN D (To be given to/to be retained by the 'Person')

The print preview of Form VAT -2 challan appears as shown below:

Description of data captured in each field of the challan is tabulated below:

Field Name	Description
District	Displays the District name entered in Company VAT Details screen.
Period From and To	Displays the dates entered in Period From and To fields in Stat Payment Details screen of payment voucher.
Last date of payment	Displays the Last Date of Payment entered in Voucher Printing screen of payment voucher.
1. By whom tendered	Displays the Name of the Tender entered in Voucher Printing screen of payment voucher.
2. Name of the person	Displays the Mailing Name entered in Company creation screen.
Complete Address	Displays the Address entered in Company creation screen.
VRN/TRN	Displays the TIN entered in Company VAT Details screen.
(a) Voluntary Tax VAT/TOT	Displays the amount entered for VAT ledger in payment voucher. It also displays the amount entered for expense or liability ledger by selecting the Type of Payment as TDS in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities VAT ledger must be grouped under Duties & Taxes with Type of duty/tax set to VAT.
(b) Additional Demand	Displays the amount entered for expense or liability ledger by selecting the Type of Payment as Demand in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities
(c) Penalty U/s	Displays the amount entered for expense or liability ledger by selecting the Type of Payment as Penalty in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities
(d) Interest	Displays the amount entered for expense or liability ledger by selecting the Type of Payment as Interest in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities
(e) Other Deposits	Displays the amount entered for expense or liability ledger by selecting the Type of Payment as Others in Payment Type screen of payment voucher. The ledger can be grouped under Direct Expenses or Indirect Expenses or Current Liabilities
(f) TOTAL IN FIGURES	Displays auto-calculated value.
TOTAL IN WORDS	Displays the amount in words.