To record journal voucher for adjustment towards advance tax paid
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 the option VAT in the Type of Duty/Tax field.
2. Select the option Reducing Tax Liability in the field Nature of Adjustment.
3. Select the option Advance Tax in field Additional Details.
4. Press Ctrl+A to return to the voucher.
3. Debit the tax ledger created under the group Duties and Taxes.
o Enter the Rate and Assessable Value in the VAT Details screen.
o Press Enter to return to voucher.
4. Credit the ledger grouped under Current Assets, and enter the value.
The journal voucher appears as shown below:
5. Press Enter to save.
'Recording Adjustment on Advance Tax Paid (West Bengal)' has been shared with
