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Challan Reconciliation Report (VAT)

Challan Reconciliation Report (VAT)

All the tax payment vouchers recorded for paying VAT and CST dues and other liabilities are displayed in Tax Payment Reconciliation report. For each payment, the bank and challan details have to be provided from this report.

 

View the Tax Payment Reconciliation report

  • Gateway of Tally > Display More Reports > Statutory Reports > VAT Reports > Challan Reconciliation.

    Alternatively, press Alt+G (Go To) > type or select Challan Reconciliation > and press Enter.

 

Set the Payment Details for Each Transaction

  1. Press Alt+S (Set Details). The Stat Payment Details screen appears with From and To dates.
  2. Retain or change the From and To dates.
  3. Enter the Deposit Date.
  4. Enter the Name of the Bank.
  5. Enter the Name of Branch.
  6. Enter the Branch code (remittance).
  7. Enter the Challan No.
  8. Enter the Instrument No.
  9. Select the Mode of Payment.
  10. Accept the screen. As always, you can press Ctrl+A to save.

Once these details are entered, the transaction disappears from this report. To display this transaction, enable the option Show transactions having challan details in the Configuration screen.

Column Names

Description

Date

Displays the Payment voucher date.

Particulars

Displays the bank or cash ledger selected in payment voucher.

Vch Type

Displays the name of the voucher type like Payment.

Vch No.

Displays the payment voucher number.

Type of Tax Payment

Displays VAT or CST based on the Tax Type selected in Stat Payment Details screen of payment voucher.

Payment Period

Displays the From and To dates entered in Stat Payment Details screen of Tax Payment Reconciliation report.

Deposit Date

Displays the Deposit Date entered in Stat Payment Details screen of Tax Payment Reconciliation report.

Bank Name

Displays the Name of the Bank entered in Stat Payment Details screen of Tax Payment Reconciliation report.

Branch Name

Displays the Name of Branch entered in Stat Payment Details screen of Tax Payment Reconciliation report.

Branch Code

Displays the Branch code (remittance) entered in Stat Payment Details screen of Tax Payment Reconciliation report.

Type of Payment

Displays the Type of Payment selected in the Payment Type screen of payment voucher.

Challan No.

Displays the Challan No. entered in Stat Payment Details screen of Tax Payment Reconciliation report.

Instrument No.

Displays the Instrument No. entered in Stat Payment Details screen of Tax Payment Reconciliation report.

Mode of Payment

Displays the Mode of Payment selected in Stat Payment Details screen of Tax Payment Reconciliation report.

Amount

Displays the amount entered in payment voucher.

 

Configuration

Press F12 (Configure) button and set the options as given below.

  • Show Payments For: Based on the Payment Type selected here, the transactions are displayed. On selecting Payment Type as:
    • VAT, only those payments recorded by selecting the Tax Type as VAT in payment voucher are displayed
    • CST, only those payments recorded by selecting the Tax Type as CST in payment voucher are displayed
  • Show Transactions having Challan Details: By default, only those transactions recorded without providing challan details are displayed. On enabling this option, all tax payment vouchers for which challan details are provided will also be displayed.
  • Show narration: On enabling this option, the narration entered in the payment voucher is displayed.

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