The Form VAT 100 report is designed to provide an overview of the statistics of transactions pertaining to a period. It displays the assessable value and tax amount of purchases and sales, the payments made, and the amount of VAT payable/ refundable. The report also displays the count of included transactions which form part of VAT annexures. Transactions which have partial information and require user intervention to provide the details are categorised as uncertain transactions. Drill-down reports are provided till the last level of voucher entry for each section of this report to display the complete information of vouchers categorised under it.
With the intuitive feature of exception handling provided in this report, the exceptions can be solved to generate the returns to be filed for a particular period. The report provides the facility to save the original returns. If any changes are made in transactions, the information can either be overwritten or saved as revised returns. It can be exported in Microsoft Word 97-2003 document format.
Form VAT 100 can be filed on time with the accurate information available from this report. It contains three main sections:
Statistics of Vouchers
Computation
Payment Details