Annexure 24 - VAT Form 15 (Punjab)

Select H Form as the Form to receive in Statutory Details screen.

In the transaction, set the option Is purchase from exempted unit to Yes.

Nature of Transactions in Template	Nature of Transaction in Invoice
Discount/Incentive	Displays all purchase returns recorded (with the nature of transactions provided in Prerequisites of purchases) in debit note and journal voucher by selecting the Nature of Return as Cash Discount or Trade Discount.
Exempted Purchase	Displays purchases recorded with the following nature of transactions: ● Purchase Exempt ● Purchase Taxable - Capital Goods In the transaction, set the option Is purchase from exempted unit? to Yes. When common purchase ledger is used, if the stock item selected in the transaction is predefined as: ● Exempt, the value appears against Exempted purchases (nature of transaction in template). Tax Type is set to Exempt in VAT Details screen of stock item. ● Tax Free, the value appears against Tax Free Purchase (nature of transaction in template). Tax Type is set to Tax Free in VAT Details screen of stock item.
Purchase Return	Displays all purchase returns recorded (with the nature of transactions provided under Prerequisites of purchase) in debit note by selecting the Nature of Return as Not Applicable. Displays only those transactions of purchase returns recorded within six months from the original invoice date.
Retail Purchase	Displays the value of purchases recorded by selecting Non-Creditable Purchases as the nature of transaction, with Party Entity/Org. Type set to Retail.
Tax Free Purchase	Displays the value of purchases with Purchase - Tax Free selected as the nature of transaction. When common purchase ledger is used, if the stock item selected in the transaction is predefined as: ● Exempt, the value appears against Exempted purchases (nature of transaction in template). Tax Type is set to Exempt in VAT Details screen of stock item. ● Tax Free, the value appears against Tax Free Purchase (nature of transaction in template). Tax Type is set to Tax Free in VAT Details screen of stock item.
Purchase Against H Form	Displays purchases recorded with the nature of transaction Purchase Deemed Export (select H Form as the Form to issue in Statutory Details screen of purchase invoice).
Purchases liable to Purchase Tax u/s 19(1)	Displays purchases with Purchases - Schedule H Items (u/s 19(1)) selected as the nature of transaction.
Purchase of taxable goods from other than Taxable and Registered Person except goods liable to Purchase Tax u/s19(1)	Displays purchases recorded with the nature of transaction Purchase from Unregistered Dealer, by selecting purchase ledger or stock item predefined with, any Schedule other than Schedule H.
Purchase from Taxable Person	Displays purchases recorded: ● With the nature of transaction Purchase Taxable and Purchase Taxable - Capital Goods. ● By selecting the Type of Dealer as Regular and entering the TIN in Party Details screen of the invoice.
Purchases not eligible for ITC u/s 13(5)	Displays the value of purchases recorded with the purchase ledger predefined with: ● Non Creditable Purchase - Special Goods as the Nature of transaction. ● Not Applicable as the Party Entity/Org. Type.
Repair/Job Work	Displays the value of purchases recorded with the nature of transaction Purchase - Works Contract.

In VAT Details screen of stock item, press Ctrl+C in the option Trade name to make the selection.

In VAT Details screen of stock item, select the Commodity name.

Nature of Transactions in Template	Nature of Transaction in Invoice
Exempted Purchase	Displays purchases recorded with the following nature of transactions: ● Purchase Exempt ● Purchase Taxable - Capital Goods In the transaction, set the option Is purchase from exempted unit? to Yes. When common purchase ledger is used, if the stock item selected in the transaction is predefined as: ● Exempt, the value appears against Exempted purchases (nature of transaction of template). Tax Type is set to Exempt in VAT Details screen of stock item. ● Tax Free, the value appears against Tax Free Purchase (nature of transaction of template). Tax Type is set to Tax Free in VAT Details screen of stock item.
Tax Free Purchase	Displays the value of credit note recorded with the nature of transaction Purchase - Tax Free. When common purchase ledger is used, if the stock item selected in the transaction is predefined as: ● Exempt, the value appears against Exempted purchases (nature of transaction of template). Tax Type is set to Exempt in VAT Details screen of stock item. ● Tax Free, the value appears against Tax Free Purchase (nature of transaction of template). Tax Type is set to Tax Free in VAT Details screen of stock item.
Purchase Against H Form	Displays the value of credit note recorded with the nature of transaction Purchase Deemed Export (select H Form as the Form to issue in Statutory Details screen of purchase invoice).
Purchases liable to Purchase Tax u/s 19(1)	Displays purchases with Purchases - Schedule H Items (u/s 19(1)) selected as the nature of transaction.
Purchase of taxable goods from other than Taxable and Registered Person except goods liable to Purchase Tax u/s19(1)	Displays purchases recorded with the nature of transaction Purchase from Unregistered Dealer, by selecting purchase ledger or stock item predefined with, any Schedule other than Schedule H.
Purchase from Taxable Person	Displays purchases recorded: ● With the nature of transaction Purchase Taxable and Purchase Taxable - Capital Goods. ● By selecting the Type of Dealer as Regular and entering the TIN in Party Details screen of the invoice.
Purchases not eligible for ITC u/s 13(5)	Displays purchases recorded with the purchase ledger predefined with: ● Non Creditable Purchase - Special Goods as the Nature of transaction. ● Not Applicable as the Party Entity/Org. Type.
Repair/Job Work	Displays the value of purchases recorded with the nature of transaction Purchase - Works Contract.

e-VAT Annexure 24 (Punjab)

Prerequisites