The Form XI is the local declaration form used for local purchases/sales made at concessional VAT rates of 3%. You can track the vouchers for which Form XI is received and yet to be received.
● In the invoice,
o The party selected must be predefined as Regular in party master, or the Nature of Transaction must be selected as Purchase Taxable or Sales Taxable.
o Tax rate must be defined in the accounting or inventory masters.
● The Party Entity/Org. Type must be selected as Notification/Concessional Rate in purchase ledger.
To generate Form XI
1. Go to Gateway of Tally > Display > Statutory Reports > VAT > Form VAT XI.
2. Click S: Set/Alter Form No. and enter the details if the Form XI number and date:
o Are not entered in the Statutory Details screen (displayed on enabling the option Provide VAT details) of sales/purchase invoice.
o Are entered in the invoice but need to be altered.
3. Enter/alter/verify the Form XI number and date.
4. Press Enter to save.
The description of the fields in Form XI is given below:
Field |
Description |
Date |
Displays the voucher date. |
Particulars |
Displays the mailing name of party ledger. |
VAT TIN |
Displays the VAT TIN predefined for the party ledger or as entered in the Party Details screen of the voucher. |
Voucher Type |
Displays the name of the type of voucher (purchase, sales, debit note, credit note). |
Voucher Number |
Displays the voucher number. |
Assessable Value |
Displays the assessable value of the stock items selected in the voucher. |
Vat Amount |
Displays the tax amount. |
Invoice Amount |
Displays the total value of the voucher. |
Form Number |
Displays the Form XI No. entered in the Statutory Details screen (displayed on enabling the option Provide VAT details) of the voucher. |
Form Date |
Displays the Form XI Date entered in the Statutory Details screen (displayed on enabling the option Provide VAT details) of the voucher. |
To display the report based on:
● Voucher type, click F4: Change Voucher, and select the required voucher type.
● Status of Form XI, click F12: Configure and set the option Show Details of Form to Any or Not Received or Received as required.