You can record for decrease in output tax by creating a journal voucher for TDS adjusment, and selecting Decrease in Output Tax as the Nature of adjustment.
To create a journal voucher for TDS adjustment
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 Decrease of Output Tax, as the Nature of adjustment.
3. Select the TDS Adjustments in Additional Details section.
Note: Based on the selection made for Nature of Adjustment, the Additional Details option either appears or disappears.
4. Press Ctrl+A to return to the voucher.
3. Debit the output VAT ledger. Enter the VAT Rate and Assessable value in VAT Details screen. Enter the tax amount.
4. Debit the surcharge ledger. Enter the VAT Rate and Assessable value in VAT Details screen. Enter the tax amount.
5. Credit the ledger grouped under Current Assets. The journal voucher appears as shown below:
6. Press Enter to save.
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