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Form 1

FORM 1

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Nagendiran Devakumar
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38 views1 page

Form 1

FORM 1

Uploaded by

Nagendiran Devakumar
Copyright
© © All Rights Reserved
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
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FORM 1

[see rule 7(1) (a), 7(2) & 7 (3) of the Tamil Nadu Value Added Tax Rules,2007]

VALUE ADDED TAX MONTHLY RETURN


Name of the Dealer:
To
The Assessing Authority, Circle, TIN Month & Year

INPUT TAX CREDIT TAX PAYABLE


Input Tax Credit carry forward (Rs.) (A) Purchase turnover under Sec 12
1 1
(Rs.)
(No input tax credit of capital goods to be Tax due Rs. (A1)
INPUT ITEMS Purchase value during Input Tax OUTPUT ITEMS Sales VAT due (Rs.)
the month (Rs.) credit (VAT turnover/value
(First schedule goods) paid)(Rs.) (Input Tax Credit allowable) inside the State
(Rs.)
(a)Goods taxable at 1% (a)Local sales at 1%
(b)Goods taxable at 4% (b)Local sales at 4%
(c)Goods taxable at 12.5% (c)Local sales at 12.5%
(d)Purchases u/s 12 Total=(a)+(b)+(c) 0 0
2
Total = (a)+(b)+(c)+(d) 0 0 Less: Sales return/unfructified sales
2
Less: Reverse Credit* Total (F) 0 (F1) 0
TOTAL (NET) (B) (B1) Zero rate sales (G)
Goods exempted (C) 1.Adjustment of advance tax
2.Entry tax paid, if any
Less: Total (1+2) (H1) 0
Net tax payable (T1)=(F1)-(H1) 0
(T2)=(A1)+(T1) 0
OUTPUT ITEMS

Eligible
CAPITAL GOODS Input Tax
Credit (Rs.) Exempted sales
(a)Upto previous month Less: Sales return/unfructified sales
(b)During the month Total (J) 0
3
Total 0 0 3
Less: Reverse Credit* Sales under Sec. 10 (S) (S1)
TOTAL (NET) (D) (D1) 0
1.Adjustment of advance tax
2.Entry tax paid,TDS,refund, if any
4 Total Input Tax Credit (E)= A+B1+D1) 0 Less: Total (1+2) (T3) 0

*vide Sec19 TOTAL TURNOVER (F)+(J)+(S) Net tax payable


0 (T4)=(T2+S1)-(T3) 0

B VAT Monthly Return Page 1

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