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

Refund of Input Tax (VAT)

You can record a journal voucher for input tax refund.

To account for input tax refund

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 Type of duty/tax as VAT .

o Select Refund of Input Tax , as the Nature of adjustment .

Note: Based on the selection made for Nature of Adjustments , the Additional Details option either appears or disappears.

o Press Ctrl+A to return to the voucher.

3. Debit the ledger grouped under Current Assets enter the amount.

4. Credit the input VAT ledger. The journal voucher appears as shown below:

5. Press Enter to save.

The states with Refund of Input Tax available as the Nature of Adjustment are given below:

State Name

Nature of Adjustment

Additional Details

Voucher Entry

Andhra Pradesh

Refund of Input Tax

---

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Assam

Refund of Input Tax

---

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Bihar

Refund of Input Tax

---

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Chandigarh

Refund of Input Tax

---

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Chhattisgarh

Refund of Input Tax

Not Applicable

Debit: CST ledger.

Credit: Ledger grouped under Current Assets .

and

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Refund Claim

Debit: CST ledger.

Credit: VAT ledger.

Dadra and Nagar Haveli

Refund of Input Tax

---

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Delhi

Refund of Input Tax

---

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Goa

Refund of Input Tax

---

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Gujarat

Refund of Input Tax

---

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Credit: Additional tax ledger.

Haryana

Refund of Input Tax

---

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Jammu and Kashmir

Refund of Input Tax

Not Applicable

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

---

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Jharkhand

Refund of Input Tax

---

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Karnataka

Refund of Input Tax

---

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Madhya Pradesh

Refund of Input Tax

Received from others

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Refund Order

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Self

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Specified Period

Debit: Party ledger grouped under Current Assets .

Credit: VAT ledger.

Transferred to others

Debit: VAT ledger.

Credit: Ledger grouped under Current Assets .

Maharashtra

Refund of Input Tax

Refund Order

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Odisha

Refund of Input Tax

Not Applicable

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Rule 65

Debit: VAT ledger.

Credit: Ledger grouped under Current Assets .

Rule 66

Debit: VAT ledger.

Credit: Ledger grouped under Current Assets .

Puducherry

Refund of Input Tax

---

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Punjab

Refund of Input Tax

---

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Credit: Surcharge ledger.

Telangana

Refund of Input Tax

---

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

Uttar Pradesh

Refund of Input Tax

Not Applicable

Debit: Expenses ledger.

Credit: VAT ledger.

Refund Order

Debit: Ledger grouped under Current Assets .

Credit: VAT ledger.

West Bengal

Refund of Input Tax

Refund Claim

Debit: Ledger grouped under Indirect Expenses / Current Assets .

Credit: VAT ledger.