Refunds received against Input Tax applicable for Delhi can be recorded in a journal entry.
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,
o Select Type of duty/tax as VAT.
o Select Refund of Input Tax, as the Nature of adjustment.
Note: Based on the selection made for Nature of Adjustments, the Additional Details option either appears or disappears.
o Press Ctrl+A to return to the voucher.
3. Debit the ledger grouped under Current Assets enter the amount.
4. Credit the input VAT ledger. The journal voucher appears as shown below:
5. Press Enter to save.
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