The VAT forms for Delhi is designed to provide an overview of the statistics of transactions pertaining to a period. It displays the assessable value and tax amount on purchases and sales, payments made, and the amount of VAT payable/ refundable.
Form I also displays the count of included transactions which form a part of VAT annexures. Transactions which have partial information and require user intervention to provide the details are categorised as uncertain transactions. It is possible to view the drill-down reports till the last level of voucher entry for each section of this report and get 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.
To view the VAT forms
Go to Gateway of Tally > Display > Statutory Reports > VAT > Form VAT 10 or CST Form 1.
These VAT and CST forms can be filed on time with the accurate information available from this report. It contains three main sections:
1. Statistics of Vouchers
2. Computation
3. Payment Details