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PROCEDURE TO FILL THE ANNEXURE-G, H & I IN FORM-704

Today we are discuss on MVAT AUDIT FORM (704) Annexure, applicability of the annexure G Annexure-H & Annexure-I and Procedure to fill the annexure-g, h & i in form-704.

Applicability of the annexure G Annexure-H & Annexure-I  – 

Annexure-G  – are applicable only when there is a Interstate sales
Annexure-H – Export sales under H form
Annexure-I  – Branch transfer etc. For reducing the tax liability various types of forms are issued by buyer.

         Procedure to fill the Annexure-G :

  1. In this annexure details of all types of Forms, Declarations or Certificates received are entered here.
  2. If this annexure is applicable then select the Annexure-G option in Part-2 of MVAT Audit form-704.
  3. Annexure-G of MVAT Audit form-704 contains eight columns.
  4. Columns include: Sr No., Name of the dealer who has issued declarations or certificates, TIN/RC No., Declaration or certificate type, issuing state, Declaration No., Gross amount as per invoiced, covered by declaration (net of goods retured), Amount for which declaration received.
  5. In second column Name of the dealer who has issued declaration or certificates are entered.
  6. In third column TIN/RC no. of the dealer is entered which is given on the declaration or certificate itself.
  7. In fourth column you have to select the Declaration or Certificate type. Declaration or certificates are of various types like: C-Form, E I-Form, E II-Form, F-Form, Local H-Form, OMS H-Form, I-Form & J-Form.(provide the link for forms description)
  8. In fifth column you have to select the issuing state which is provided in the Form itself.
  9. In sixth column you have to entered the declaration no. which is given in the declaration or certificate itself.
  10. In seventh column you have to fill the gross amount as per invoice, covered by declaration (Net of goods returned). It means the invoice amount.
  11. In last column you have to fill the amount for which declaration received. The declaration amount may be less than the gross amount as per invoice.
  12. In this details are to be entered in descending amount order.
  13. It contains only 5000 rows. If there are more than 5000 entries then first fill up the 4999 rows in a descending order & fill the remaining entries in 5000th
  14. This Annexure doesn’t accept the negative values.

    Procedure to fill the Annexure-H:

  1. All the details of declaration or certificates (in local form –H) not received are entered here.
  2. If this annexure is applicable then select the Annexure-H option in Part-2 of MVAT Audit form-704.
  3. It also contains Eight columns. Columns like Sr No., Name of the dealer who has not issued the declarations or certificates, TIN No. if applicable, Invoice no., Date of Invoice, Taxable amount, Rate of tax applicable local rate & Tax liability.
  4. Column first & last is automatically filled.
  5. From Second to five column you have to entered the Name of the dealer, TIN no, Invoice no, Invoice date of the certificate which is not received.
  6. In sixth column you have to entered the taxable amount means the amount on which tax is leviable.
  7. In seventh column you have to enter the tax rate which is leviable if the declaration or certificate are not issued.
  8. Last column automatically shows the tax liability in case the declarations or certificates are not issued.
  9. In this details are to be entered in descending amount order.
  10. It contains only 200 rows. If there are more than 200 entries then first fill up the 199 rows in a descending order & fill the remaining entries in 200th
  11. This Annexure doesn’t accept the negative values.

     Procedure to fill the Annexure-I:

  1. All the details of declaration or certificates other than local form –H not received are entered here.
  2. If this annexure is applicable then select the Annexure-I option in Part-2 of MVAT Audit form-704.
  3. It contains Eleven columns. Columns like Sr No., Name of the dealer who has not issued the declarations or certificates, CST TIN No. if any, declaration or certificate type,  Invoice no., Date of Invoice, Taxable amount, tax amount,  Rate of tax applicable local rate, Amount of tax & Differential Tax liability.
  4. Column first & second last & last is automatically filled.
  5. From Second to six column you have to entered the Name of the dealer, TIN no, certificate or declaration type, Invoice no, Invoice date of the certificate which is not received.
  6. In seventh column you have to entered the taxable amount means the amount on which tax is leviable.
  7. In eighth column you have to enter the tax amount which is leviable if the declaration or certificate are issued.
  8. In ninth column you have to enter the tax rate (local) which is leviable if the declaration or certificate are not issued.
  9. Tenth column automatically calculated the tax amount at the local tax rate.
  10. Eleventh column automatically calculated the differential tax liability means difference between the tax at local rate & tax at concessional rate. Basically it is a difference between column 10 & 8.
  11. In this details are to be entered in descending amount order.
  12. It contains only 5000 rows. If there are more than 5000 entries then first fill up the 4999 rows in a descending order & fill the remaining entries in 5000th
  13. This Annexure doesn’t accept the negative values

 

 

 

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