Scribd
Upload
29 views

RPT VATMonthly Returnnew

- This is a Value Added Tax (VAT) monthly return form submitted by Srimadhi Traders for the month of January 2011. - It shows that Srimadhi Traders had no purchases or sales during the month that were subject to VAT. - The only transaction was Rs. 50,500 of goods that were exempted from VAT. - As a result, Srimadhi Traders owed Rs. 0 in VAT for the month.

Uploaded by

vrsapthagiri
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
29 views

RPT VATMonthly Returnnew

- This is a Value Added Tax (VAT) monthly return form submitted by Srimadhi Traders for the month of January 2011. - It shows that Srimadhi Traders had no purchases or sales during the month that were subject to VAT. - The only transaction was Rs. 50,500 of goods that were exempted from VAT. - As a result, Srimadhi Traders owed Rs. 0 in VAT for the month.

Uploaded by

vrsapthagiri
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

FORM I

[see Rule 7(1)

VALUE ADDED TAX MONTHLY RETURN

Name of the dealer:


SRIMADHI TRADERS
To

The Assessing Authority, ARISIPALAYAM Circle, TIN 33202844361 Month 01 Year 2011

INPUT TAX CREDIT TAX PAYABLE

1 Input Tax Credit carry-forward (Rs.) (A) #Error 1 Purchase turnover under Sec. 12 0.00 Tax due 0.00
(No input tax credit of capital goods to be included here) (Rs.) Rs.(A1)

INPUT ITEMS Purchase value during Input Tax credit OUTPUT ITEMS Sales turnover/ value
the month(Rs.) (VAT paid)(Rs.) inside the State(Rs.)
(First schedule goods) (Input Tax Credit allowable) VAT due (Rs.)

(a) Goods taxable at 1% 0.00 0.00 (a) Local sales at 1% 0.00 0.00
(a) Goods taxable at 2% 0.00 0.00 (a) Local sales at 2% 0.00 0.00
(b) Goods taxable at 4% 0.00 0.00 (b) Local sales at 4% 0.00 0.00
(c) Goods taxable at 12.5% 0.00 0.00 (c) Local Sales at 12.5% 0.00 0.00
(d) Purchase under Sec. 12 0.00 0.00 Total 0.00 0.00
d1)Tax paid under sec.12 <---No--->
Total 0.00 0.00 2 Less: Sales return/Unfructified sales 0.00 0.00
2 Less : Reverse Credit* 0.00 0.00 Total (F) 0.00 (F1) 0.00
TOTAL (NET) (B) 0.00 (B1) 0.00 Zero rate sales 0.00
Goods exempted 50,500.00 1. Adjustment of advance tax 0.00
2. Entry tax paid, if any 0.00
Less: Total (1+2) (H1) 0
Net tax payable (T1) = (F1) - (H1) 0.00
(T2) = (T1) 0.00
OUTPUT ITEMS

(Input Tax Credit not all allowable)


Eligible Input Tax
CAPITAL GOODS Credit (Rs.) Exempt sales 53,500.00
(a) Upto previous month 0.00 0.00 Less: Sales return/Unfructified sales 0
(b) during the month 0.00 0.00 Total (J) 53,500.00
3 Total 0.00 0.00
Less : Reverse Credit* 0.00 0.00 3 Sales Under Sec. 10 (S) 0.00 (S1) 0
TOTAL (NET) (C) 0.00 (C1) 0.00 1. Adjustment of advance tax 0.00
2. Entry tax pid, TDS, refund, if any 0.00
Less: Total (1+2) (T3) 0.00
4 Total Input Tax Credit (D) = (A+B1+C1) #Error
Total TurnOver (F)+(J)+(S) 53,500.00 Net tax payable (T4) 0.00
* vide Sec 19 = (T2+S1)-(T3)

You might also like