This section displays the transaction values considered in the returns and annexures along with the amount of liability, input credit, adjustments and VAT/CST payable or refundable. The assessable value of sales and purchases, and the tax applicable, if any, are displayed under respective columns for the specific period. Drill-down reports are provided for local purchases, interstate purchases, local sales and interstate sales and VAT adjustments till the transaction-level.
Total sales (local and interstate) which include the assessable value of taxable and exempted sales, and the corresponding tax amount are displayed here.
Click F1: Detailed to display the report in detailed mode.
Total value of all sales is displayed for transactions recorded by selecting:
● Kerala as the state, and the appropriate Nature of transactions provided for sales within the state. These are categorized as Local Sales.
● Kerala as the state, and the appropriate Nature of transactions provided for sales to parties outside Kerala. These are categorized as Inter State Sales.
To view all the sales transactions
1. Select any of the rows displayed under Local Sales or Inter State Sales.
2. Press Enter. The Voucher Register screen appears with the list of transactions. Columns for Cess Amount and Total Tax Amount (total of VAT and cess) are also displayed.
Total purchases (local and interstate) which include the assessable value of taxable and exempt purchases, and the corresponding tax amount are displayed here.
Total value of all purchases is displayed for transactions recorded by selecting:
● Kerala as the state, and the appropriate Nature of transactions provided for purchases within the state. These are categorized as Local Purchases.
● Any other state excluding Kerala as the state, and the appropriate Nature of Transactions provided for purchases from parties outside Kerala. These are categorized as Interstate Purchases.
To view all the purchase transactions
1. Select any of the rows displayed in italics, under Local Purchases or Interstate Purchases.
2. Press Enter. The Voucher Register screen appears with the list of transactions. Columns for Cess Amount and Total Tax Amount (total of VAT and cess) are also displayed.
Aggregate of taxes payable or refundable for a particular period is displayed here. Using this information, the required adjustment entries can be recorded. Excess input tax credit remaining after subtracting the output VAT against the input VAT, appears as refundable.
The various types of VAT adjustments done can either increase or decrease the liability/input credit. The VAT adjustment entries display only the aggregate value of input and output VAT.
The amount available after considering the adjustment entries recorded against the VAT payable or refundable amount is displayed here.
The CST payable or the excess amount paid on interstate sales, after considering the input VAT offset against the CST dues is displayed here.