Journal Voucher

Below is a brief description about the nature of adjustments in Tally.ERP 9 release 5.1, and how each adjustment corresponds to the adjustment flags available in previous releases. Journal vouchers for accounting adjustments can be recorded using the various nature of adjustments provided in 5.1.

VAT Adjustments - upto Release 4.93	Nature of Adjustment - From 5.1
VAT Adjustments - upto Release 4.93	Nature of Adjustment	Additional Details
Adjustment in Input Tax on Account of Branch Transfer	Reversal of Input Tax	Stock Transfer
Adjustment of Output VAT Against Notional ITC	Decrease Of Output Tax	Adjustment of Output VAT Against Notional ITC
Adjustment Towards CST	Decrease of Input Tax	Against CST
Adjustment Towards Refund Claim	Refund of Input Tax	---
Apportionment of Input Tax for Tax Free Goods	Reversal of Input Tax	Apportionment of Input Tax for Tax Free Goods
Apportionment of ITC for Branch Transfer	Reversal of Input Tax	Apportionment of ITC for Branch Transfer
Apportionment of Notional ITC for Manufacturing Tax Free Goods	Reversal of Input Tax	Apportionment of Notional ITC for Manufacturing Tax Free Goods
Cash Discount on Sales	Decrease Of Output Tax	Cash Discount on Sales
Installment of Input Tax on Stock Held on Appointed Day	Increasing Input Tax	Installment of Input Tax on Stock Held on Appointed Day
Interest for Sales by Hire Purchase Or Installment Purchase	Increase of Tax Liability	Sales by Hire Purchase Or Instalment Purchase
Other Adjustments (Purchase)	Reversal of Input Tax	Other Purchase Adjustment
Other Adjustments (Sales)	Decrease Of Output Tax	---
Purchase Cash Discount	Reversal of Input Tax	Cash Discount on Purchase
Purchase Trade Discount	Reversal of Input Tax	Trade Discount
Reversal of ITC	Reversal of Input Tax	Not Applicable
Reversal of Notional ITC on Account of Sales	Reversal of Notional Input Tax	On Account of Sales
Reversal of Notional ITC on Branch Transfer and Consignment	Reversal of Notional Input Tax	On Branch Transfer and Consignment
Reversal of Notional ITC on Purchase Return	Reversal of Notional Input Tax	On Purchase Return
Reversal of Tax in Sales	Increase Of Output Tax	---
Tax on Schedule H Items	Increase of Tax Liability	Schedule H Items
Tax on URD Purchase	Tax on URD Purchase	---
TDS Adjustment	Decrease Of Output Tax	TDS Adjustments
TDS on Works Contract	Decrease Of Output Tax	TDS on Works Contract
Trade Discount on Sales	Increase Of Output Tax	Trade Discount

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Tally.ERP 9 Topics

Journal Voucher