https://help.tallysolutions.com/docs/te9rel60/Tax_India/VAT/Maharashtra/MH_JV_Rev_input_tax.htm

Reversing Input Tax (Maharashtra)

In Tally.ERP 9, you can record a journal voucher to account for the reversal of input tax.

To create a journal voucher of reversal of input tax

1.    Go to Gateway of Tally > Accounting Vouchers > F7: Journal.

Note: You can create a journal voucher from Gateway of Tally > Display > Statutory Reports > VAT > select the VAT or CST form.

2.    Click J: Stat Adjustment to enable required options in the Stat Adjustment Details screen.

o     Select Type of duty/tax as VAT.

o     Select Reversal of Input Tax as Nature of adjustment.

o     Select Excess Claimed Earlier in the Additional Details field. The Stat Adjustment Details screen appears as shown below:

o     Press Enter to save, and return to the voucher.

3.    Debit the expense ledger, and enter the value.

4.    Credit the VAT ledger.

o     Enter the Rate, and Assessable Value in the VAT Details screen.

o     Press Enter to return to voucher screen.

The journal voucher appears as shown below:

5.    Press Enter to save.