FAQ - VAT (Assam)

This page provides all the FAQ related to VAT for Assam.

Defining Tax Rates

Creating Masters

Recording Purchase Transactions

Recording Sales Transactions

Recording Adjustment and Payment Transactions

Forms and Annexures

Resolving Exceptions

Defining Tax Rates

1.     How do I enable VAT?

2.     How do I define tax rates at stock item level?

3.     How do I define tax rate for stock group?

4.     The VAT rate I have configured has changed now. How can I revise the rate in my data?

Creating Masters

1.     How do I create a supplier ledger?

2.     How do I create a customer ledger?

3.     How do I create a purchase ledger?

4.     How do I create a sales ledger?

5.     How do I create a VAT ledger under Duties & Taxes?

6.     How do I create a VAT classification?

Recording Purchase Transactions

1.     How do I record local purchase transaction for items attracting multiple VAT rates?

2.     How do I record interstate purchase invoice against Form C?

3.     How do I record interstate purchase invoice for items attracting multiple CST rates?

4.     How do I record purchase invoice with MRP?

5.     How do I record purchase of Schedule IV Goods?

6.     How do i record retail purchases (non-creditable) for Assam?

7.     How to configure for Non-creditable goods (Assam)?

8.     How to configure for VAT on pre-owned cars for Assam?

Recording Sales Transactions

1.     How do I record a local sales invoice for taxable goods with multiple VAT rates?

2.     How do I record an interstate sales invoice against Form C?

3.     How do I record an interstate sales invoice for items attracting multiple CST rates?

4.     How do I record sales transaction with tax on MRP?

Recording Adjustment and Payment Transactions

1.     How do I record a purchase return?

2.     How do I record a sales return?

3.     How do I record a payment voucher?

4.     How do I record a journal voucher for reversal of input tax?

Forms and Annexures

1.     What are excluded transactions?

2.     What are included transaction?

3.     What is summary of exceptions?

4.     How to print and generate VAT Form 13 ?

5.     How to print and generate CST Form III?

6.     How to generate Annexures?

7.     What forms and Annexures are supported for Assam VAT?

8.     What forms are not supported for Assam VAT?

Resolving Exceptions

1.     How do I resolve Unable to determine country/state exception?

2.     How do I resolve Unable to determine party's dealer type exception?

3.     How do I resolve Unable to determine duty type of ledger exception?

4.     How do I resolve Unable to determine the tax details of the stock group/stock item(s) exception?

5.     How do I resolve Unable to determine the tax details of group/ledger(s) exception?

6.     How do I resolve Conflict in party's country/state in master and transaction exception?

7.     How do I resolve Transactions accepted with tax information conflicts exception?

8.     How do I resolve Mismatch in tax amount exception?

9.     How do I resolve Unable to determine nature of adjustment exception?