To account for increase in input tax
1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal.
2. Click J: Stat Adjustment to enable the required options in the Stat Adjustment Details screen.
In the Stat Adjustment Details screen,
1. Select Type of duty/tax as VAT.
2. Select Increasing Input Tax, as the Nature of adjustment.
Note: Based on the selection made for Nature of Adjustments, the Additional Details option will appear or disappear.
3. Press Ctrl+A to return to the voucher.
3. Debit the expense ledger and enter the amount.
4. Credit the input VAT ledger. Enter the tax Rate and Assessable Value in VAT Details screen. The journal voucher appears as shown below:
5. Press Enter to save.
'Recording Increase in Input Tax (Chandigarh)' has been shared with
