THE PUNJAB VALUE ADDED TAX FORMS, 2005.
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Body

FORM VAT 15

Return by a Taxable Person

(See Rule 36)

(Please read the INSTRUCTIONS carefully before filling the form and worksheet)

VRN

For period (dd.mm.yy)

From _______

To ______

Name of the person :

Address of the person:


	Pin	State
	Tel	Fax
	E-mail address :

1	SALES DETAILS	Exempted account	Non-Exempted account	Total
1	SALES DETAILS	(a)	(b)	(c)
(a)	Gross Sales*
(b)	Less: Zero rated sales
(c)	Less : Inter-State sale; including sales against H forms
(d)	Less : Tax free sales
(e)	Less : Sales return
(f)	Less : Cash/trade discount
(g)	Less : (i) Purchase value of goods from exempted goods sold to persons other than taxable persons
	(ii) Purchase value of goods from exempted unit sold to any persons
(h)	Less : Tax element included in sales
(i)	Less: Sales to various Managements exempted in State (Schedule-A)
(j)	Sales of Diesel & Petrol as have suffered tax in PB. In the hands of various Oil Companies
(k)	Less: Sales made against H form within State
(l)	Net sales subject to VAT
(m)	Payment made to contractor
2	PURCHASE DETAILS
(a)	Gross Purchases (including capital goods and stock transfer receipt)
(b)	Less: Imports u/s 5(1) of CST Act, 1956
(c)	Less : Inter-State Purchases including Purchases against 'H' Form
(d)	Less : Inter-State receipt of goods received from Branches/principals/stock transfer
(e)	Less : Tax free Purchases
(f)	Less : Purchases from persons other than taxable persons
(g)	Less: Local Purchases against 'H' form
(h)	Less: Purchases liable to Purchase Tax u/s 19(1) and 20 in the hands of the person filing the return
(i)	Less: Purchases not eligible for input tax credit under Section 13(5)
(j)	Less: Purchases return
(k)	Purchases of Diesel & Petrol taxable in the hands of various Oil Companies in Pb. [ Explanation 8 of Sec. 2 (zg)]
(l)	Less: cash discount /trade discount
(m)	Net Purchases eligible for input tax credit (non-exempted account) [a-(b+c+d+e+f+g+h+i+j+k+l)] or (ii) Amount of Purchases eligible for Refund in case of Exempted unit only (iii) Purchases eligible for notional input tax credit.
3	VAT OUTPUT TAX LIABILITY	Exempted goods	Non-Exempted goods	Total
(a)	VAT on net taxable sales during the return period
(b)	Add : Purchase Tax on turnover as per Col. 2(h)
(c)	Add/Less : Prior period net adjustment of output tax
(d)	TDS deducted & paid to ETD
(e)	Add ITC debited on goods sent for job work u/s 13(3)
(f)	Total Output tax [a-(b+/-c+d+e]
4	INPUT TAX CREDIT	Exempted goods	Non-Exempted goods	Total
4	INPUT TAX CREDIT	(a)	(b)	(c)
(a)	ITC brought forward from previous return period
(b)	Add : TDS against Tax Deduction Certificate; deducted & deposited in Govt. Treasury by contractee
(c)	Add : ITC on purchases made during the period as per of 2(m)
(d)	Add : ITC, debited earlier, on goods received back after job work u/s 13(3)
(e)	Add/less : Prior period net adjustment to input tax
(f)	Add: Entry tax eligible for input tax credit
(g)	Add: ITC on resale of goods specified in Section 19(1)& 20
(h)	Total Input tax credit available [a-(b+c+d+/-e+f+g]
(i)	Less : Apportionment of ITC for manufacturing tax free goods
(j)	Less : Apportionment of ITC for branch transfer u/s 13(2)
(k)	Add/Less : Apportionment ITC u/s 13(4)
(l)	Less: Retention of ITC on inter state sales of Schedule 'H' goods & products manufactured therefrom
(m)	Less: reduction of ITC as per condition no. 5 attached to D&E rules 1991
(n)	Less: Reversal of ITC if no stock of exempted goods
(o)	Less: Reversal of ITC on Capital goods as per rule 19
(p)	Less: Reversal of ITC for loss, destroyed and damaged goods (rule 21)
(q)	Net input tax credit available {(h)-[(i)+(j)+(k)+(l)+(m)+(n)+(o) +(p)]}
5	TAX PAYABLE/EXCESS INPUT TAX CREDIT	Exempted goods	Non-Exempted goods	Total
5	TAX PAYABLE/EXCESS INPUT TAX CREDIT	(a)	(b)	(c)
(a)	Total output tax as per 3(f)
(b)	Less: Monthly tax paid (i) 1st month of the quarter (ii) 2nd month of the quarter
(c)	Less: ITC
(d)	Difference (a-b-c) (If difference is positive deposit the amount with return)
(e)	Net amount payable
(f)	Excess ITC, if difference in (d) is negative
(g)	Less: CST liability for the return period
(h)	Difference (f-g) (If difference is negative then amount to be deposited under CST Act,1956 )
(i)	If (f-g) is positive then (i) Refund applied for (ii) Amount carried forward in the next return
(j)	(i) 90% VAT payable under '0040' in Challan VAT-2 (ii) 10% VAT payable under Punjab Municipal Fund in Challan VAT-2A

6. DETAILS OF TAX PAYMENT DURING THE RETURN PERIOD

Challan / instrument No.	Date (dd.mm.yy)	Bank/Treasury	Branch code	Amount
'0040' (90%)
Punjab Municipal Fund (10%)

For units availing Exemption or Deferment

Amount

(a)

Entitlement certificate no. and date

(b)

Date of expiry of exemption/deferment

(c)

Admissible amount of refund on tax paid purchases

(d)

Output liability under

(i) PVAT

(ii) CST

(e)

Total Exemption availed (c)+(d)

(f)

Total amount of exemption/deferment allowed

(i) Exemption/deferment available at the beginning of the return period (including under CST Act)

(ii) Exemption/deferment availed during the return period

(iii) Balance at the end of the return period

Miscellaneous information (wherever applicable)

Amount

(a)

Value of Branch Transfers/Consignment Transfers made during the return period

(b)

Value of Commission Sales made by Kacha Arhtiya during return period

(c)

Amount paid in original return

(d)

Liability as per revised return

(e)

Net tax payable/ excess paid

(f)

Value of Capital Goods purchased from taxable persons

Declaration : I, solemnly declare that to the best of my knowledge and belief, the information given on this form is true and correct
Name	Status
Signature	Dated

WORKSHEET

1. BREAK UP OF TAXABLE SALES AND PURCHASES IN PUNJAB
Rate	Gross Sales	VAT	Gross Purchases	VAT
At 1%
At 4%
At 5%
At 8.8%
At 12.5%
At 20%
At 22%
At 27.5%
Other (specify)
Total
Surcharge

2. PRIOR PERIOD ADJUSTMENTS
Prior period adjustment of sales	Adjustment in sale	Adjustment in Output tax	Prior period adjustment of purchases	Adjustment in purchase	Adjustment in Input tax
1	2	3	4	5	6
Cancellation of sales			Cancellation of purchase
Sales Returns			Purchase Returns
Change in nature of sales			Change in nature of purchase
Change in sale consideration due to debit notes			Change in purchase consideration due to credit notes
Total			Total

3. ANY OTHER ADJUSTMENT (PLEASE SPECIFY)