To account for increase in tax liability
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 Increase of Tax Liability, as the Nature of adjustment.
3. Select the Interests in Additional Details section.
Note: Based on the selection made for Nature of Adjustments, the Additional Details option will appear or disappear.
4. Press Ctrl+A to return to the voucher.
3. Debit the expenses ledger created under Indirect Expenses. Enter the amount.
4. Credit the ledger created under Current Liabilities.
The journal voucher appears as shown below:
5. Press Enter to save.
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