Generating VAT Form 501A Online Andhra Pradesh : Commercial Taxes Department

Organization : Commercial Taxes Department
Service Name : Generating VAT Form 501A Online
State : Andhra Pradesh

Website : https://apct.gov.in/GSTPortal/Ap_index.aspx
Form 501A Online : https://apct.gov.in/GSTPortal/Ap_index.aspx

Generating VAT Form 501A Online:

1. TIN: Enter your TIN
2. Enterprise Name: System will display
3. Dealer Address: System will display

Related : APCT Application For VAT Registration Andhra Pradesh : www.statusin.in/429.html

4. Name of Tax deducting Authority: Enter name of agency which made TDS
5. Address of Tax deducting Authority: Enter address of agency which made TDS
6. Contract/Work order Date: Select date from Calendar
7. Contract details: Write in brief about contract
8. Full value of contract: Enter value in Rs. No coma and decimal (Ex. 45679123)
9. Bill No./Date: Enter Bill number and date. Ex. 1458/01-08-2012, 24568/02-08-2012
10. Total VAT Deducted in Bills: Enter total VAT deducted under ALL bills put together entered above in Rs. No coma and decimal. (Ex. 5679012)
11. VAT Remitted: System will enter same value as VAT deducted (Sl. No. 10)

12. TDS transferred or proposed to be transferred to subcontractor:
** Enter in Rs. No coma and decimal. It cannot be more than TDS paid to CTD.
** If you do not have details on rest of the points, generate Form with above details.
** Click Generate Form 501 A. System will generate Form 501 A with above details.
** Print and take it to TDS deducting authority for filling rest of the information and signature.

Complete Data entry of balance fields:
13. Click “Complete Data Entry Form 501 A” under Form 501 A Menu.
14. Enter Form No.: Enter unique number of Form 501 A. System will display content of Form
15. Challan Number: If amount was paid to CTD through Challan, enter Challan Number. It is mandatory. OR
16. Book Adjustment: If amount was paid to CTD through Book adjustment, enter Book adjustment Number. It is mandatory.

17. Challan/Book adjustment date: Select from Calendar.
18. Click Submit
19. Sign Form and Submit original Form 501 A in CTO office.

Entry of Form 501 A in eReturn:
1. Select Form 501 under Adjustment portion of eReturn.

2. Enter Unique Form 501 A Number and press Tab or click in Amount Field. System will check Form Unique number and Challan Number in system, if found, it will populate amount in relevant field. If unique no. is wrong or Challan no. is not entered by dealer, it will give error message accordingly.

Note:
Form 501 A can be entered in eReturn only after Form 501 A is generated and entry is completed in system including Challan Number and Challan date.

Helpdesk:
For any help write email to ctd_helpdesk@apct.gov.in

FAQs :
1. What is VAT?
Value Added Tax (VAT) is a form of sales tax. It is collected in stages on transactions Involving sales of goods. Tax paid on purchases (input tax) is rebated against tax payable on sales (output tax). VAT is levied on sales of all taxable goods. VAT is not levied if sales of goods are not made in the course of or in furtherance of business.

2. Who Should Pay Vat?
An individual, partnership, company etc., who sells goods in the course of business and who is registered or is required to register for VAT should pay VAT.

3. When Is Vat Chargeable?
VAT is chargeable if the sales of goods :
** are made in the State of Andhra Pradesh
** are made by a VAT dealer in the State
** are made in the course of or in furtherance of a business; and
** are not specifically exempt or zero-rated.

4. What Other Taxable Sales May Be Liable To Vat?
Other than your normal business sales, you should also account for VAT on the Following sales :
a. Sales to your staff or sales from vending machines;
b. Sales of business assets (e.g. Equipment, furniture, commercial vehicles);
c. Sales under Hire-purchase agreement or lease of goods to someone else;
d. Works contracts

5. Are There Any Other Kinds Of Sales?
Apart from taxable sales, there are sales that the Value Added Tax Act, 2005 specifies as exempt.