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Stat.900 - Version 50


West Bengal

Form VAT 14

Revised Form VAT 14 for West Bengal has been provided.


Annexure
The following VAT Annexures has been revised
• Annexure A
• Annexure D
• Annexure F
• Annexure G


Activation of VAT Classification

The following VAT Classifications have been activated, with effect from October 1st, 2006.
ƒ Sale in the Course of Export Out of India ƒ Sales in the Course of Import Into India ƒ Other Exempt Sales
ƒ Sales Through Auctioneers / Agents



Deactivation of the following VAT Classifications with effect from October 1, 2006

ƒ Consignment/Branch Transfer Outward - Exempt Goods ƒ Consignment/Branch Transfer Outward -Imported Goods ƒ Consignment/Branch Transfer Outward - Rate > 12.5% ƒ Consignment/Branch Transfer Outward -Tax Rate < 4% ƒ Sales - Through Broker (Private Treaty Sale) ƒ Sales - to Local Agents
ƒ Branch Transfer Inward (As Agent/Auctioneer) ƒ Branch Transfer Inward (Within West Bengal) ƒ Purchase From URDs - Capital Goods @ 12.5% ƒ Purchase From URDs - Capital Goods @ 4% ƒ Purchase From URDs - Other Goods (Box 15E) ƒ Purchase of Raw Jute - by Millers
ƒ Purchases - From Unregistered Dealers ƒ Works Contract





Activation of VAT Adjustment Flags
The following VAT Adjustment flags have been activated, with effect from October 1st, 2006.

ƒ Tax on URD Purchase
ƒ Adjustment towards CST
ƒ Adjustment towards Refund Claim



Deactivation of VAT Adjustment Flags
The following VAT Adjustment flags have been deactivated, with effect from October 1st, 2006.

ƒ Adjustments towards Purchase of Capital Goods
ƒ Adjustments towards Purchase of Capital Goods during earlier period
ƒ Export Adjustments
ƒ Input Tax Refund on Packing Material for Export ƒ VAT Adjustment Towards 15 A
ƒ VAT Adjustment Towards 15 E
ƒ Return of Taxable Goods for Debit Note


Chhattisgarh

Form 17
Revised Form 17 for Chhatisgarh has been provided

Activation of VAT Classifications

The following VAT classifications have been activated with effect from October 1st, 2006.

ƒ Sales - to Local Agents
ƒ Sales to a Dealer Under SEZ/STP/EHTP ƒ Sales - u/s 2(x)
ƒ Sales on which tax paid by the principal ƒ Tax on URD Purchase

Deactivation of VAT Classifications

The VAT classification, Input Tax Adjustment for Purchases form URDs has been deactivated, with effect from October 1st 2006.

Activation of New VAT Adjustment Flags
The following VAT Adjustment flags have been provided with effect from October 1st, 2006.

ƒ Adjustment Towards CST
ƒ Value of Goods in works contract - tax paid by sub-contractor ƒ Other Adjustments (Sales)
ƒ Goods Sold Returned
ƒ Adjustment against VAT dues





Deactivation of VAT Adjustment Flags
The following VAT Adjustment flags have been deactivated, with effect from October 1st, 2006.

ƒ Other Adjustments
ƒ Tax Adjustment on Capital Goods

Minor Enhancements

Punjab

Form VAT 15

ƒ Box No. 1(d) displays the total sale value on Inter-State sale made
without H form and with CST amount, Sales to Diplomatic Missions &
U.N. etc.

ƒ Box No. 1(e) remains blank.

ƒ The CST amount in Box No. 1(a) of Form VAT 15 now appears appropriately.

ƒ 90% of the value of Box 6(K) is now displayed in Box 6(L)(i)

ƒ 10% of the value of Box 6(K) is now displayed in Box 6(L)(ii)

ƒ Box No. 1(c) displays the total sale value of Zero Rated sales, Exports and Inter-State sales made using H Form.

ƒ Column 1 (c) displays the value of the Sales entry created against H Form.

Form VAT 23

ƒ The value of Tax free sales appearing in Form VAT 23 will not include Export sales.

ƒ The value of sales transactions made using H Form will not be displayed in VAT Form 23.

ƒ Cash Sales summary is provided at the bottom of the Form.


Form VAT 24

ƒ The value of purchases made using H Form will not be displayed in VAT Form 24.

ƒ Cash Purchase summary is provided at the bottom of the Form.




Delhi

Form VAT 16

ƒ The Value of Sales entry passed for Exports in Delhi VAT is captured in Turnover (Central).

ƒ The field R11.1 in the form DVAT 16 displays the component of sales bill made against Form D only.


Form VAT 31

ƒ The values for VAT Classifications, Output VAT @ 4% on Works
Contract and Output VAT @ 12.5% on Works Contract are captured in the Local Sales column.
ƒ If you create a Local Sales with Excise Duty and Output VAT, the Excise Duty is calculated and the amount is captured in the Sales Price column in DVAT Form 31.

ƒ If you create a Credit note using VAT Adjustment Flags, Others or
Goods sold return, the amount is captured appropriately in the DVAT Form 31.


Tamil Nadu

Provision of New VAT Adjustment Flag
A new VAT Adjustment Flag, Input Tax Credit on Opening Stock has been provided for Tamil Nadu, to make voucher entry convenient.


Provision of New VAT Classification
The VAT Classification, Inter-State Sales - Spl. Category Goods, has been provided to make voucher entry convenient.



Bihar

ƒ In order to capture the value for Interstate Purchase 4% and 12.5%, you need to specify the Purchase rates while creating the ledger so that value appears in Part C.

ƒ Box No. 18, Sales to Customer and its corresponding Total have to be entered manually in Bihar VAT Form RT-II.




Karnataka

ƒ Box No. 9.8 of Form VAT 100 now captures Inter-State Purchase value.

ƒ Box Nos.1.7 and 1.8 of Form VAT 100 now appear appropriately.


Gujarat

If you create a Sales entry with two items and allocate one of the items to Sales @ 4% and the other to Sales Exempt, the appropriate amounts will appear in the VAT form.

Maharashtra

The Form 221 which can be filed monthly, quarterly and half yearly, will display the period as specified.


Orissa

Form type appears for the Sales entry created with VAT classification Consignment/ Branch Transfer Outward.


Jammu & Kashmir
In Form VAT 11 and Form VAT 11 A, the second page has been removed. Rajasthan

While generating Annexure 48 the error “Could not find original description” has been resolved.



VAT For Philippines

ƒ The value of 70% cap on Input VAT that can be availed in a month is captured in column 20E and Sch 6.
ƒ The value in Column 21 in the Monthly Value Added Tax Declaration form appears appropriately.


Service Tax (India)

The percentage of abatement can now be specified in the Tax Bill Allocation sub form. The abatement value is calculated using the value specified in the voucher and is printed in ST3 report.



VAT Composition Returns

Tamil Nadu

Form K has been provided for the state of Tamil Nadu.

Provision of New VAT Classification
The VAT Classification, Sales - Composition Tax @ 0.5%, has been provided to make voucher entry convenient.


Deactivation of VAT Classification
The VAT classification Sales - Composition Tax @ 1% has been deactivated.


Other Enhancements

ƒ You can now set Print in Simple Format to No in the Invoice Printing Configuration screen while printing the invoice.
ƒ VAT Reports Menu appears, if Type of Dealer is set to Composition to Regular in F11: Statutory & Taxation.

ƒ The VAT TIN (Regular) field is not an editable field for VAT Composition Companies.

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