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

Increase of Output Tax (VAT)

You can create a journal voucher for the increase in output tax.

To create journal voucher for increase of output tax

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 to enable the required options in Stat Adjustment Details screen.

‚óŹ In the Stat Adjustment Details screen,

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

o Select the option Increase of Output Tax in the Nature of adjustment field.

o Select the option Advance Tax in Additional Details field.

o Press Enter to save and return to the voucher screen.

3. Debit the ledger grouped under Current Liabilities .

4. Enter the amount in the Debit column.

5. Credit the VAT ledger.

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

o Press Enter to return to voucher screen.

6. Set the option Provide VAT Details? to Yes , and enter the relevant details.

Note: The option Provide VAT Details? is provided as per state specific requirements of VAT/CST forms and annexures. In this example, Bihar is selected as the State .

7. Enter Narration , if required.

The journal voucher appears as shown below:

8. Press Enter to save.

The states with Increase of Output Tax available as the Nature of Adjustment are given below:

State Name

Nature of Adjustment

Additional Details

Voucher Entry

Assam

Increase of Output Tax

---

Debit: Income/sales ledger.

Credit: VAT ledger.

Bihar

Increase of Output Tax

Advance Tax

Debit: Ledger grouped under Current Liabilities .

Credit: VAT ledger.

Chandigarh

Increase of Output Tax

Not Applicable

Debit: Expenses ledger.

Credit: VAT ledger.

Trade Discount

Debit: Sales ledger.

Debit: VAT ledger.

Credit: Party ledger.

Dadra and Nagar Haveli

Increase of Output Tax

Bad Debts Recovered

Debit: Cash ledger.

Credit: Income ledger.

Credit: VAT ledger.

Other Adjustments

Debit: Sales ledger.

Debit: VAT ledger.

Credit: Party ledger.

Delhi

Increase of Output Tax

Bad Debts Recovered

Debit: Cash ledger.

Credit: Ledger grouped under Indirect Incomes .

Credit: VAT ledger.

Change EI/E2 Sales

Debit: Expenses ledger.

Credit: VAT ledger.

Other Adjustments

Debit: Party ledger.

Credit: Sales ledger.

Credit: VAT ledger.

Gujarat

Increase of Output Tax

Sales to Commission Agent

Debit: Ledger grouped under Current Assets .

Credit: Sales ledger.

Credit: VAT ledger.

Credit: Additional tax ledger.

Kerala

Increase of Output Tax

Not Applicable

Debit: Sales ledger.

Credit: VAT ledger.

Adjustment Against Arrears

Debit: Ledger grouped under Current Liabilities .

Credit: VAT ledger.

Odisha

Increase of Output Tax

Debit note issued by seller (insufficient VAT in purchase)

Debit: Party ledger.

Credit: VAT ledger.

Puducherry

Increase of Output Tax

Other Adjustments

Debit: Party/cash ledger.

Credit: Sales ledger.

Credit: VAT ledger.