When an amount is debited to an A/c to which Output VAT class is
attached, you are prompted to enter the Sub VAT Class for the
transaction. The various Sub Vat classes are as under:
1. Vat payment
2. Vat payment 10%
3. Others
Payment of 90% (100% in case of Chandigarh) is to be assigned the Sub
VAT class - 'Vat Payment'
Payment of 10% (applicable in Punjab) is to be assigned the Sub VAT class
- ' Vat Payment 10%'
When an amount is debited to an A/c to which 'C.S.T.' VAT class is
attached, you are prompted to enter the Sub Vat Class for the transaction.
The Sub VAT classes are 'C.S.T. Payment' & 'Others'.
When you make VAT Return, entries marked as described above will be
shown in payment details. Payments made in a month will be treated as
payment of VAT/CST against previous month. You may amend the
payment detail entries when they are shown in payment grid. Entries so
amended will be saved separately without affecting the accounting data.
Once you save the payment details by pressing 'OK' button, payments so
saved will be picked up in future.
Note:
Accounting entries for a row of payment details shall be picked up from
accounting data only if amount in that row does not exist. Auto-pick does
not work if you are using same Input / Output VAT A/c.
