https://help.tallysolutions.com/docs/te9rel64/Tax_India/VAT/journal_vouchers/BR_Decr_in_Sale.htm

Decrease in Sales (VAT)

You can record a journal voucher for decrease in sales.

To create journal voucher for decrease in sales

1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal .

Note: You can create a journal voucher from Gateway of Tally > Display > Statutory Reports > VAT > select the VAT or CST form.

2. Click J : Stat Adjustment . In the Stat Adjustment Details screen,

o Select the option VAT in the Type of duty/tax field.

o Select the option Decrease in Sales in the Nature of adjustment field.

o Press Enter to save and return to voucher screen.

3. Debit the interstate sales ledger.

4. Enter the amount in the Debit column.

5. Debit the CST ledger.

o Enter the Rate and Assessable Value in the VAT Details screen.

o Press Enter to return to voucher screen.

6. Enter the amount in Debit column.

7. Credit the interstate sales ledger predefined with the nature of transaction Interstate Sales Exempt .

8. Set the option Provide VAT Details to Yes and enter the From and To dates, else retain it as No .

9. Enter Narration , if required. The journal voucher appears as shown below:

10. Press Enter to save.

The states with Decrease in Sales available as the Nature of Adjustment are given below:

State Name

Nature of Adjustment

Additional Details

Voucher Entry

Bihar

Decrease in Sales

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Debit: Sales ledger with nature of transaction provided for taxable interstate sales.

Debit: CST ledger.

Credit: Sales ledger with nature of transaction Interstate Sales Exempt .

Gujarat

Decrease in Sales

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Debit: Sales ledger with nature of transaction provided for taxable interstate sales.

Credit: Sales ledger with nature of transaction Interstate Sales Exempt .

Jharkhand

Decrease in Sales

Sales Outside the State

Debit: Sales ledger with nature of transaction provided for taxable interstate sales.

Credit: Sales ledger with nature of transaction Interstate Sales Exempt .

Maharashtra

Decrease in Sales

Deduction U/s 6A of Earlier Law (On Going)

Debit: Sales ledger with nature of transaction Sales - Works Contract - Ongoing .

Debit: VAT ledger

Credit: Sales ledger with nature of transaction Sales Exempt - Works Contract - Ongoing .

Punjab

Decrease in Sales

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Debit: Sales ledger with the nature of transaction Interstate Sales - Against Form C .

Debit: CST ledger.

Credit: Sales ledger with the nature of transaction Interstate Sales - Exempt .

Credit: Branch/division ledger.

Uttar Pradesh

Decrease in Sales

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Debit: Sales ledger with nature of transaction provided for taxable interstate sales.

Credit: Sales ledger with nature of transaction Interstate Sales Exempt .