https://help.tallysolutions.com/docs/te9rel60/Tax_India/VAT/Himachal_Pradesh/hp_jv.htm

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

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

Adjustments Towards Interest, Penalty Or Other Dues

Increase of Tax Liability

Interest, Penalty, Other Dues

Adjustment Towards CST

Decrease of Input Tax

Against CST

Adjustment Towards Refund Claim

Refund of Input Tax

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Balance Tax Credit on Capital Goods

Input Tax Credit Admitted On Capital Goods

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Opening Input Tax Credit Available on Unsold Stock

Increasing Input Tax

Opening Stock

Reverse Input Tax Credit on Capital Goods

Reversal of Input Tax

Capital Goods

Tax Paid in Excess

Decrease of Output Tax

Excess Paid

Newly introduced VAT adjustments

Nature of Adjustment - From 5.5

Nature of Adjustment

Additional Details

Reversal of Input Tax

Goods Used in Telecom, Electricity and Other Power Generation

Reversal of Input Tax

Goods disposed off otherwise than by sale

Reversal of Input Tax

Purchases Used in Mfg. of Tax Free Goods

Reversal of Input Tax

Left in Stock on Closure of Business or Cancellation of Regn.

Reversal of Input Tax

Purchases from Un-Registered, Composition, Casual Dealers

Reversal of Input Tax

Goods Given As Gift, Free Sample

Reversal of Input Tax

Tax Adjustment Towards Transfer of Right to Use

Reversal of Input Tax

No Invoice or Non-Availability of Tax Details in Invoice

Reversal of Input Tax

Purchased on Concessional Rate of Tax

Reversal of Input Tax

Input Tax restricted Goods

Reversal of Input Tax

Others

Reversal of Input Tax

Fuels Used in Manufacture of Goods

Reversal of Input Tax

Tax Credit Disallowed in Respect of Branch/Consignment Transfer

Decrease of Input Tax

Tax Paid on Unsold Stock

Decrease of Output Tax

Purchase from exempted Unit

Decrease of Output Tax

Purchase of Schedule-C goods

Tax on URD Purchase

Purchase of Schedule-C goods

Tax on URD Purchase

Not Applicable

Decrease Of CST

Excess Credit Brought Forward From Previous Return