Vat procedure

Prepare 201 This is a summery of all purchase and all sales
All purchase including folloiwng
Taxable purchase on which In put tax credit is receivalbe
Taxable purchase on which In put tax credit is not receivalbe
Tax Free Purchase
Stock received against Form F (Branch transfer received from other state)
Import

ALL SALES SALES INCLUDES

Taxable Sales
Tax Free Sales
Export
Branch Trasfer out side state

AFter 201prepare 201(A)

201 (A) includes invoice wise detail of taxable sales
201 (B) includes invoice wise detail of taxalbe purchase

201 (C) only quarterly stock movemtn