https://help.tallysolutions.com/docs/te9rel60/Tax_India/VAT/Punjab/PB_Journal_Vch.htm

Nature of Adjustments in Journal Voucher - Release 4.9x vs 5.2 (Punjab)

This topic provides a brief description about the nature of adjustments in Tally.ERP 9 Release 5.2 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 Release 5.2.

VAT Adjustments - upto Release 4.93

Nature of Adjustment (From 5.2)

Additional Details (From 5.2)

Adjustment of Output VAT Against Notional ITC

Decrease of Output Tax

Adjustment of Output VAT Against Notional ITC

Adjustments Towards Interest, Penalty Or Other Dues

Increase of Tax Liability

Increase of Tax Liability

Increase of Tax Liability

Interest

Penalty

Others

Adjustment Towards CST

Decrease of Input Tax

Against CST

Adjustment Towards Entry Tax

Reducing Tax Liability

Entry Tax

Adjustment Towards Refund Claim

Refund of Input Tax

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Apportionment of Input Tax for Tax Free Goods

Reversal of Input Tax

Apportionment of Input Tax for Tax Free Goods

Apportionment of ITC for Branch Transfer

Reversal of Input Tax

Apportionment of ITC for Branch Transfer

Apportionment of ITC U/s 13(4)

Reversal of Input Tax

Apportionment of ITC U/s 13(4)

Cash Discount on Sales

Decrease of Output Tax

Cash Discount on Sales

Eligible Notional ITC for the Current Period

Increasing Notional Input Tax

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Goods Sold Returned

Decrease in Sales

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Goods Used in Manufacturing - Tax Free Goods (Exempted Unit)

Reversal of Input Tax

Goods Used in Manufacturing - Tax Free Goods (Exempted Unit)

ITC Debited Earlier on Goods Received Back After Job Work

Increasing Input Tax

Goods Received Back After Job Work

ITC on Goods Sent for Job Work

Reversal of Input Tax

ITC on Goods Sent for Job Work

Other Adjustments (Purchase)

Reversal of Input Tax

Other Purchase Adjustment

Other ITC Adjustments

Reversal of Input Tax

Other ITC Adjustments

Purchase Cash Discount

Reversal of Input Tax

Cash Discount on Purchase

Purchase Trade Discount

Reversal of Input Tax

Trade Discount

Sales of Goods Outside the State

Decrease in Sales

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Tax on URD Purchase

Tax on URD Purchase

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TDS Adjustment

Decrease of Output Tax

TDS Adjustments