Thursday, July 5, 2012

How to Submit AP VAT e- Returns Eg: 3 (http://registration.apct.gov.in/ctdportal/DlrServices/DLR_Index.aspx)

XYZ Company June 2012 Purchases
5% Purchase - Rs.84,000  (Basic Value: Rs.80,000 + 5% VAT: Rs.4,000)
14.5% Purchase - Rs.34,350 (Basic Value: Rs.30,000 + 14.5% VAT: Rs.4,350)
XYZ Company June 2012 Sales
5% Sales - Rs.110,250  (Basic Value: Rs.105,000 + 5% VAT: Rs.5,250)
14.5% Sales - Rs.5,725 (Basic Value: Rs.5,000 + 14.5% VAT: Rs.725)
 Now you can calculate June Month VAT Returns as follows:
VAT Input:
5% Input VAT -            Rs. 4,000
14.5% Input VAT -       Rs. 4,350
Total Input Tax Value: (Rs.4,000+Rs.4,350) = Rs. 8,350
VAT Output:
5% Output VAT -      Rs. 5,250
14.5% Output VAT - Rs.    725
Total Output Tax Value: (Rs.5,250+Rs.725) = Rs. 5,975
Total Input Tax - Total Output Tax (Rs.8,350-Rs.5,975) + Previous Month Input Credit (Nil) 
= Rs.2375 (Positive value)
Positive value means you can adjust Rs.2375 in June Month CST Returns or you can forward Rs.2,375 Input credit into the next month (July) VAT Returns.
 How to Submit AP VAT e- Returns for the above Eg: 3 

Open APCT website (Click here)
Enter your TIN & PW
Select "RETURNS" Tab then Click on "VAT RETURNS"


Select the Return Month "May"
Enter "0" Input Tax Credit from Previous month.
PURCHASES IN THE MONTH (INPUT): 
 Enter Rs.80,000 on the Sl.No.4, The ITC Claimed will come atomically (Rs. 4,000)
 Enter Rs30,000 on the Sl.No.5, The ITC Claimed will come atomically (Rs. .4,350)
You can see Total Amount of Input Tax Rs.8,350




SALES IN THE MONTH (OUTPUT):
Enter Rs.105,000 on the Sl.No.7, The VAT Due in will come atomically (Rs.5,250)
Enter Rs.5,000 on the Sl.No.8, The VAT Due in will come atomically (Rs.725)
You can see Total Amount of Output Tax Rs.5,975




You can see VAT Net Tax Payable (After Adjustment) Rs.0 &
You can see VAT Excess Credit Rs.2,375
You can also see another head 07a if you want to.....CST liability
If you want adjust this VAT excess credit to CST Returns you can Enter the adjustable amount here. remaining amount you can carry forwarded it to the next month VAT Returns.
Click on Approve button, then click on Submit button


Click Here For More VAT Returns Examples


More Use Full Links for AP VAT
5% Taxable Goods
Zero-Rated and Eligible for Input Tax Credit
List of Goods exempt from Tax under Section 7
List of goods taxable @ 1%
Goods subjected to tax at special rates
Goods Taxable at Standard Rate (RNR) of 14.5 %

1 comments:

  1. APVAT FROM 2 JUNE THE HYD. BILLING 2 % CST TAX TO ANDHRA PRADESH DEALERS AND ALSO IN MAY 2014 TAX EXCESS INPUT IT TO COME TO C/O TO JUNE VAT 200 RETURN PLEASE REPLY TO MY E MAIL diavs_ganiacc@yahoo.com G M DEVENDRAN

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