To create journal voucher for decreasing output tax in lieu TDS paid
1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal.
2. Click J: Stat Adjustment to enable required options in Stat Payment Details screen.
In the Stat Adjustment Details screen,
o Select the option VAT in the Type of duty/tax field.
o Select the option Decrease of Output Tax in the Nature of adjustment field.
o Select the option TDS Adjustments in the Additional Details field.
o Press Enter to save and return to voucher screen.
3. Debit the CST ledger created under the group Duties & Taxes.
o Enter the Rate and Assessable Value in the VAT Details screen.
o Press Enter to return to voucher screen.
4. Enter the amount in Debit column.
5. Credit the input VAT ledger created under the group Current Assets.
o Enter the Rate and Assessable Value in the VAT Details screen.
o Press Enter to return to voucher screen.
The journal voucher appears as shown below:
6. Enter Narration, if required.
7. Press Enter to save.
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