https://help.tallysolutions.com/docs/te9rel60/Tax_India/VAT/West_Bengal/WB_Journal_Vch.htm

Nature of Adjustments in Journal Voucher - Release 4.9x vs 5.3 (West Bengal)

Below is a brief description about the nature of adjustments in Tally.ERP 9 release 5.3, 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 5.3.

VAT Adjustments - upto Release 4.93

Nature of Adjustment (5.3)

Additional Details (5.3)

Adjustment of Excess/short Amount of VAT

1.    Decrease of Input Tax

2.    Increasing Input Tax

3.    Decrease of Output Tax

4.    Increase of Tax Liability

1.    Excess Claimed Earlier

2.    Short Claimed Earlier

3.    Tax Paid in Excess

4.    Short Paid Earlier

Adjustment of ITC Towards Transfer Rights

Increasing Input Tax

Adjustment of ITC Towards Transfer Rights

Adjustment Towards CST

Decrease Of Input Tax

Against CST

Adjustment Towards Refund Claim

Refund of Input Tax

Refund Claim

Adjustment Towards Refund Order

Reducing Tax Liability

Refund Order

Advance Tax Paid

Payment Type: Advance

 

Amount of Tax Deferred

Decrease Of Output Tax

Tax Deferred

Input Tax Credit Available on Opening Stock

Increasing Input Tax

Opening Stock

Interest Payable on CST

Increase of Tax Liability

Interest Payable Under Section 33

Interest Payable Under Section 33

Increase of Tax Liability

Interest Payable Under Section 33

Late Fees Payable

Increase of Tax Liability

Late Fees

Others

Increase of Tax Liability

Others

Penalty Payable Under Section 32

Increase of Tax Liability

Penalty Payable Under Section 32

Purchase Tax Adjustments

Tax on URD Purchase

 

Reverse Credit - Goods Given As Gift, Free Sample

Reversal of Input Tax

Goods Given As Gift, Free Sample

Reverse Credit on Exempt Sale

Reversal of Input Tax

Sale of exempt  goods

Reverse Credit on Goods Damaged / Lost

Reversal of Input Tax

Goods Damaged / Lost

Reverse Credit on Others

Reversal of Input Tax

Others

Reverse Credit on Stock Transfer

Reversal of Input Tax

Stock Transfer

Reverse Credit - Transfer of Right to Use Goods, Gifts Or Self Consumptions

Reversal of Input Tax

Transfer of Right to Use Goods, Gifts Or Self Consumptions

Reverse Tax Credit - Used in Manufacture of Exempted Goods

Reversal of Input Tax

Manufacturing of Exempted Goods

Sale of Goods Outside the State

NA

NA

Tax on URD Purchase

Tax on URD Purchase

NA

Tax Paid in Excess

Decrease of Output Tax

Tax Paid in Excess

TDS Adjustment

Reducing Tax Liability

Adjusting with TDS