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Sales-and-Purchase-Books-Preparation-In-Nepa-953600

Sales and Purchase Books Preparation In Nepa

# purchasebook# salesbook# vat# procedures
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Sanjay sapkota,

Last Updated: 2023-03-25

 

Section 16(2) - A registered person shall use, for the purpose of keeping accounts, the purchase book and sales book certified by the concerned Tax Officer.



Rule 23(1) - A registered Person shall maintain the record of Books of Purchases and Sales Set Forth in Schedule 8 and 9.





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Procedures for preparing Sales Book-



1. Date Column (मिति) - The format has to be in YYYY.MM.DD.

2. Invoice Number (बीजक नम्बर) - Here input the Invoice number of the sales invoice.

3. Purchaser's Name (खरिदकर्ताको नाम) - Name of the purchasing Party as mentioned in the invoice.

4. Purchasers Pan No. (खरिदकर्ताको स्थायी लेखा नम्बर) - Pan Number of the Purchasing Party

5. Goods/Services (वस्तु वा सेवाको नाम)- The Name of Goods or Services sold as mentioned in the invoice.

6. Quantity of Items (वस्तु वा सेवाको परिमाण) - The Quantity in KG or Units as mentioned in the UOM column.

7. UOM (वस्तु वा सेवाको एकाई ) - Unit of Measurement

8. Total Sales/Export (जम्मा बिक्री / निकासी (रु)) - The total of Invoice Excluding VAT in Amount.

9. Exempt Amount (स्थानीय कर छुटको बिक्री मूल्य (रु)) - Total exempted sales in the invoice amount excluding VAT.

10. Taxable Sales (करयोग्य बिक्री) - This column has 2 rows, Amount and Tax. In the Amount Column Input amount by deducting 9 from 8. And in the Tax column enter the output VAT on the taxable sales. i.e. 13% of amount in the Amount (मूल्य (रु)) Column. Only Domestic taxable sales are entered in this column

11. Export Sales (निकासी) - We know export has many implications in VAT. In this column, there is no output VAT column, because export sales are zero rated. i.e. No tax will be applicable on export but you can claim credit on VAT paid during purchase for such sales. Hence in the four rows under this column, you will have to specify Total amount of export sales, Country of export , Declaration form Number, and Date of declaration form (Pragyapan Patra)

12. Be sure to Enter correct PAN number, Name of the taxpayer, Year and the tax period.



Procedures for preparing Purchase Book-



1. Date Column (मिति) - The format has to be in YYYY.MM.DD.

2. Invoice Number (बीजक नम्बर) - Here input the Invoice number in the purchase invoice.

3. Declaration Form Number (प्रज्ञापनपत्र नं.) - Enter the declaration form number in case of import of Raw materials.

4. Sellers Name (आपूर्तिकर्ताको नाम) - Sellers Name as mentioned in the invoice.

5. Pan Number (आपूर्तिकर्ताको स्थायी लेखा नम्बर) - PAN number of the Seller.

6. Description of the Goods purchased/Imported (खरिद/पैठारी गरिएका वस्तु वा सेवाको विवरण) - Enter the description as mentioned in the invoice.

7. Quantity (खरिद/पैठारी गरिएका वस्तु वा सेवाको परिमाण) - Quantity of the goods/services purchased, Imported.

8. UOM (वस्तु वा सेवाको एकाई ) - Unit of Measurement

9. Total (जम्मा खरिद मूल्य (रु)) - Total of Goods/Services purchased excluding VAT. In case of import the value shall be the value for VAT, which is Invoice Amount + Customs + Excise.

10. Purchase/Import of exempted Goods (कर छुट हुने वस्तु वा सेवाको खरिद / पैठारी मूल्य (रु)) - Enter the Value for exempted purchases.

11. Now out of the total of 9-10. i.e. taxable purchases, divide into three columns - 1. Taxable domestic purchases other than capital goods (करयोग्य खरिद (पूंजीगत बाहेक)) 2. Taxable imports other than capital goods (करयोग्य पैठारी (पूंजीगत बाहेक)) 3. Taxable Purchase/import of Capital Goods (पूंजीगत करयोग्य खरिद / पैठारी ).



Note - in the 'Amount' मूल्य column, always enter amount excluding VAT and enter VAT amount in the 'TAX' कर (रु) column.






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