To account for increase in output tax
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 Output Tax, as the Nature of adjustment.
3. Select the Cash Discount on Sales in Additional Details section.
Note: Based on the selection made for Nature of Adjustments, the Additional Details option either appears or disappears.
4. Press Ctrl+A to return to the voucher.
3. Debit the sales ledger and enter the assessable value.
4. Debit the output VAT ledger. Enter the Rate, Surcharge Rate and Assessable Value in VAT Details screen. Enter the tax amount.
5. Debit the surcharge ledger. Enter the Rate, Surcharge Rate and Assessable Value in VAT Details screen. Enter the tax amount.
6. Credit the party ledger. The journal voucher appears as shown below:
7. Press Enter to save.
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