The journal adjustment entries can be recorded by selecting the appropriate VAT Adjustments from the list, which displays as shown:
To create an entry for TDS Adjustment,
Go to Gateway of Tally > Accounting Vouchers > F7: Journal > Select the appropriate Voucher Class from the list displayed.
Select TDS Adjustment in the Used for field
Debit Composite Tax Payable ledger grouped under Duties & Taxes with the Type of Duty/Tax as Others
Enter the Amount in the Debit field
Credit Tax Deducted at Source grouped under Current Assets
Select the Business Style as either Works Contract or Not Applicable based on the transaction.
The credit Amount is automatically entered
Accept the journal voucher.
'Creating a Journal Voucher (Composite VAT)' has been shared with
