https://help.tallysolutions.com/docs/te9rel60/Tax_India/VAT/Jharkhand_VAT/jh_jv.htm

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

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 in Input Tax on Account of Branch Transfer

Reversal of Input Tax

Stock Transfer

Adjustment Towards Entry Tax Paid

Reducing Tax Liability

Entry Tax

ITC on opening stock

Increasing Input Tax

Opening Stock

TDS Adjustment

Decrease of Output Tax

TDS Adjustments

Reversal of Labour and Service Charges

Decrease of Output Tax

Reversal of labour charges

Attributable Input Tax Towards Exempted Sales

Reversal of Input Tax

Attributable Input Tax Towards Exempted Sales

Attributable Input Tax Towards Exempted Sales

Increasing Input Tax

Attributable Input Tax Towards Exempted Sales

Interest

Increase of Tax Liability

Interest

Penalty

Increase of Tax Liability

Penalty

Capital Goods adjustments

Input Tax Credit Admitted On Capital Goods

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Tax on URD Purchase

Tax on URD Purchase

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Adjustment towards CST

Decrease of Input Tax

Against CST

Amount of Tax Deferred

Decrease of Output Tax

Tax Deferred

Sales outside of the state

Decrease in Sales

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Adjustment Towards Refund Claim

Refund of Input Tax

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Newly introduced VAT adjustments

Nature of Adjustment - From 5.5

Nature of Adjustment

Additional Details

Reversal of Input Tax

Reversal on Common  Inputs

Adjustment Towards TDS Certificate

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