https://help.tallysolutions.com/docs/te9rel60/Tax_India/VAT/Uttar_Pradesh/up_itc_cg.htm

Input Tax Credit Admitted on Capital Goods (Uttar Pradesh)

You can record input tax credit admitted on capital goods by creating a journal voucher.

To avail input tax credit for purchase of capital goods

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.

o     Select VAT as the Type of duty/tax.

o     Select Input Tax Credit Admitted On Capital Goods as the Nature of adjustment.

3.    Debit VAT ledger, enter required details in VAT Details screen.

o     Press Enter.

4.    Debit additional tax ledger.

5.    Credit the current assets ledger that was debited in the capital goods purchase transaction.

The journal voucher appears as shown below:

6.    Press Enter to save.