To account for input tax refund
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 Refund of 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 accept and return to the voucher.
3. Debit the ledger grouped under Current Assets and enter the amount.
4. Credit the input VAT ledger. The journal voucher appears as shown below:
5. Press Enter to save.
'Recording Refund of Input Tax (Assam)' has been shared with
