Type search words and press enter
Seamless e-invoicing is now at your fingertips. Check out our self-help videos.
https://help.tallysolutions.com/docs/te9rel49/Value_Added_Tax/Composite_VAT/VAT_Adj_Class_for_Journal.htm

Creating a VAT Adjustment Class for Journal

 

To create a VAT Adjustment Class,

Go to Gateway of Tally >Accounts Info. > Voucher Types > Alter > Journal

  • In the Voucher Type Alteration screen, enter the Name of Class, for e.g., VAT Adjustment Class.

  • Set Use Class for VAT Adjustments to Yes.

  • Press Enter to go back to Voucher Type Alteration screen.

  • Press Y or Enter to accept and save the screen.

Note: The voucher class is created for enabling the list of VAT Adjustments (flags) in journal. The same is used for recording the adjustments in the form.

The VAT Adjustment to be used for recording the adjustment entries will be displayed for selection based on the State and the Type of Dealer pre-defined in the F3: Statutory & Taxation Features. The VAT Adjustments pertaining to Karnataka will be displayed on selecting the Voucher class created for the journal voucher.

 

Mail this article