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https://help.tallysolutions.com/docs/te9rel51/Tax_International/Kenya_VAT/vat_refund_claim.htm

VAT Refund Claim

Under VAT Act, the excess input VAT as prescribed by the Act can be claimed by the registered person as refund.

To record the VAT Refund Claim transaction,

Go to Gateway of Tally > Accounting Vouchers > F7: Journal > select VAT Adjustment Class from the Voucher Class List

  1. Select Adjustment Towards Refund Claim in the Used for field.

  2. Debit Refund Claimed ledger grouped under Current Assets.

  3. Enter the amount in debit field.

  4. Credit the Input VAT @ 16% ledger (created under Duties & Taxes with the Type of Duty/Tax as Input VAT @ 16%)

  5. In VAT Class Details screen the VAT/Tax Class selected while creating the ledger will be displayed. If the VAT Class is not selected for the ledger, you can select the appropriate VAT/Tax Class and skip the Assessable Value field.

  6. The Credit amount appears.

  7. In Brief Desc for VAT field, enter the brief description for VAT.

  1. Press Y or Enter to accept and save.

Note: The value of journal entry recorded by selecting Adjustment Towards Refund Claim in the Used for field is captured in box 15 of Form VAT 3.