https://help.tallysolutions.com/docs/te9rel60/Tax_India/VAT/Odisha/OD_Revl_Input_Tax.htm

Recording Reversal of Input Tax (Odisha)

A journal voucher is created to record the reversal of input tax with Nature of Adjustment as Reversal of Input Tax with appropriate Additional Details.

To create a journal voucher for 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 view the Stat Adjustment Details screen.

o     Select Type of duty/tax as VAT.

o     Select Nature of adjustment as Reversal of Input Tax.

o     Select Stock Transfer in the Additional Details field.

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 VAT Details as shown below:

o     Press Ctrl+A to accept.

The journal voucher appears as shown below:

5.    Enter Narration, if required.

6.    Press Enter to save.