VAT Form 13 is a monthly and quarterly return form for the registered VAT dealers based on their total turnover for the assessable year.
The VAT Form 13 report provides an overview of the statistics of transactions pertaining to a period. It displays the following:
● Assessable value and tax amount of purchases, sales, payments
● The amount of VAT payable/ refundable
● The count of included transactions that forms a part of VAT annexures
● Uncertain transactions which have partial information, and require user intervention to provide the required details
This report has intuitive exception handling features. It can be drilled down to the voucher entry level to display complete information of each transaction. Exceptions can be solved to generate 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.
To view the VAT Form 13
● Go to Gateway of Tally > Display > Statutory Reports > VAT > VAT Form 13
Form 13 can be filed on time with the accurate information available in this report. It has three main sections:
2. Computation