CHANDIGARH ADMINISTRATION EXCISE & TAXATION DEPARTMENT VAT 20 Annual Statement by a Taxable Person (See Section 26(7) and Rule 40) (Please read the INSTRUCTIONS carefully before filling the form and worksheet) VRN For period (dd.mm.yy) From ________ To __________ 1. SALES DETAILS Q1 Q2 Q3 Q4 (a) Gross Sales (b) Less : Zero rated sales (c) Less : Inter-state sale (d) Less : Tax free sales (e) Less : Sales as an Exempted Unit (for exempted units only) (f) Less : Branch Transfers/Consignment Transfers (g) Less : Deductions (please refer to section 4(a) of worksheet) (h) Net sales subject to VAT 2. PURCHASE DETAILS Q1 Q2 Q3 Q4 (a) Gross Purchases (excluding capital items) (b) Less : Imports from outside India (c) Less : Inter-state Purchases and Branch Transfer (d) Less : Purchases from exempt units. (e) Less : Tax free Purchases (f) Less : Purchase liable to Purchase Tax u/s 19(1) (g) Less : Deductions (please refer to section 4(b) of worksheet) (h) Purchases of non-capital items eligible for input tax credit (i) Purchase of capital items eligible for input tax credit. 3. OUTPUT TAX Q1 Q2 Q3 Q4 (a) VAT on net taxable sales within the period (b) Add : Purchase Tax on turnover as per Col. 2(f) (c) Add : CST on inter-state sales (d) Add/Less: Output tax for prior period adjustment. As per Col.5 of Worksheet (e) Add : Output tax on goods used in Works Contract as per Col. 2 of the Worksheet. (f) Net Output tax 4. INPUT TAX CREDIT Q1 Q2 Q3 Q4 (a) Input tax credit (on non-capital items) (b) Add : Input tax credit(on capital goods) (c) Add : Installment of input tax on stocks held on the appointed day. (d) Less : Apportionment of input tax for tax free goods. (e) Add/Less : Adjustment in input tax credit for sales returns/ discounts etc . (f) Less : Adjustment in input tax on account of branch transfers. (g) (h) Net input tax credits for the statement period 5. TAX PAYABLE/EXCESS INPUT TAX CREDIT Q1 Q2 Q3 Q4 (a) Net output tax [as per 3(f)] (b) Less opening balance of Input Tax Credit (c) Less net input tax credit for the period (d) Less tax paid (e) Balance Tax payable / refundable (f) Less tax paid now (g) Less amount eligible for refund Balance carried forward Declaration : I, solemnly declare that to the best of my knowledge and belief, the information given on this form is true and correct Name Designation Signature Date (dd.mm.yy) 6. PAYMENT DETAILS Challan instrument No. Date (dd.mm.yy) Bank/Treasury Branch code Amount WORKSHEET 1. BREAK UP OF TAXABLE SALES (other than under works contract) AND PURCHASE (other than capital goods) IN PUNJAB 1(a) Rate 1(b) Gross Sales VAT 1(c) Gross Purchases VAT At 1% At 4% At 12.5% At 20% At 30% Total 2. BREAK UP OF GOODS SOLD UNDER WORKS CONTRACT 2(a) Rate 2(b) Gross value of works contract executed 2(c) Less : deduction for Value of labour, services etc 2(d) Taxable value 2(e) Output tax 2(f) Less : Tax deducted at source 2(g) Net output tax At 1% At 4% At 12.5% At 20% Total 3. BREAK UP OF ZERO RATED SALES 3(a) Category 3(b) Gross sales 3(c) Less : sales returned
