Form RT-III is the annual VAT return form filed by registered dealers in Bihar. This annual return form can now be generated from Tally.ERP 9. Further, to help users in verifying the tax details before generating the returns, an accompanying report is provided that displays the tax computation for the return period.
The report is designed in way to allow you verify and finalise the annual return before filing. You can save the original returns, in case changes are made in periodic returns after saving, the report can be recomputed to updated the latest changes and either be overwritten or saved as revised.
When the annual return is saved multiple times, the latest saved version is exported/printed.
To display the report
● Go to Gateway of Tally > Display > Statutory Reports > VAT > Form RT-III.
The report appears as shown below:
The different sections of the report are:
● Particulars (Computation details)
Drill down from any part to display incrementally detailed information at subsequent levels.