The sales tax department introduced new Vat Challans in 3rd Quarter of
Financial year 2011-2012. New VAT Challan is introduced in Visual Catpro
Build 1250. Earlier we have to submit 3 different challans for VAT, PMF,
PMIDF from now we have to submit only one challan to deposit VAT, PMF,
PMIDF but we have to deposit different cheques for VAT, PMF, PMIDF.
You required to print 5 copies of the challan. To print new challan open
'VAT Reports' and click on 'F4: Challans' in 'Input Information for
VAT Returns' window as shown below:
Note: In new version you cannot make any change in payment grid.
After clicking on 'F4: Challans', following screen shall appaear:
Virtually this screen is divided in 4 parts as shown in above screen. Here is
the detail of each:
Part 1:
Part 1 shows the period of the challan and inputs last date of the return. If
no date is specified against Last Date prompt then 20th shall be printed as
last date. You have to select the paper size of the challan. The new challan
contains 5 copies. If you select 'Print on Legal Size Paper' then 5 copies
will be printed on a single Legal page where as in case A4 two pages will
be printed, 1st page contains 3 copies and 2nd page contains 2 copies.
You may check 'Show Addl. Column' to open the additional input
prompts for Demand, Penalty, Interest etc.
Part 2:
In part 2 you have to fill Vat, CST, Surcharge, Penalty etc. against their
relevant prompt.
Part 3:
Part 3 shows the 90%, 80% of VAT, PMF, PMIDF. This part is read only.
Visual Catpro automatically calculates the amount against these prompt.
You may modify the amount in PMF and PMIDF prompt by checking the
Check Box 'Edit' in Part 1.
Part 4:
Part 4 contains information about the Vat and CST Payments. Here you
have to specify Cheque No. Bank name and other prompted information.
You may click on (Print)button at the end of every row to print the
cheque.
In cheque printing Visual Catpro automatically specified the relevant 'Pay
To' name like 'THE EXCISE & TAXATION OFFICER' in case of 'VAT' ,
'THE PUNJAB MUNICIPAL FUND' in case of 'PMF' and 'THE PUNJAB
MUNICIPAL INFRASTRUCTURE DEVELOPMENT FUND' in case of
'PMIDF'.
Visual Catpro automatically pass journal entry of VAT PAYABLE. You
must have 'VAT PAYABLE' account in FA MAster and select Credit A/c
against the 'Credit A/c' prompt. To pass entry by click on 'F6: Pass
Entry'. similarly CST PAYABLE can also be passed.
Challan information can be Saved, Previewed and printed by clicking on
relevant button from Bottom Button Bar.
When you preview or print the challan then Visual Catpro prompts to
select the challan to print as shown below:
(Print) button at the end of every row to print the
cheque. 