https://help.tallysolutions.com/docs/te9rel60/Tax_India/VAT/Chhattisgarh/ct_jv.htm

Nature of Adjustments in Journal Voucher - Release 4.93 vs 5.5 (Chhattisgarh)

Below is a brief description about the nature of adjustments in Tally.ERP 9 release 5.5, and how each adjustment corresponds to the adjustment flags available in previous releases. Journal vouchers for accounting adjustments can be recorded using the various nature of adjustments provided in 5.5.

VAT Adjustments - upto Release 4.93

Nature of Adjustment - From 5.5

Nature of Adjustment

Additional Details

Adjustment Towards CST

Decrease of Input Tax

Against CST

Interest Payable

Increase of Tax Liability

Interest

Other Adjustments (Sales)

Decrease of Output Tax

Other Adjustments

Tax on URD Purchase

Tax on URD Purchase

Stock Transfer

TDS Adjustment

Decrease Of Output Tax

TDS Adjustments

Value of Goods in Works Contract-Tax Paid by Sub-Contractor

Decrease Of Output Tax

Tax Paid by Sub-Contractor

Reversal of Input Tax Credit

Reversal of Input Tax

Stock Transfer

Newly introduced VAT adjustments

Nature of Adjustment - From 5.5

Nature of Adjustment

Additional Details

Decrease Of Input Tax

Against CST of capital goods

Decrease of Output Tax

Tax Deferred

Decrease of Output Tax

Tax Deferred on purchase of goods

Increasing Input Tax

Interest

Refund of Input Tax

Refund Claim

Refund of Input Tax

Refund Order

Reducing Tax Liability

Adjusting with ITC

Reducing Tax Liability

Adjusting with ITC of capital goods