https://help.tallysolutions.com/docs/te9rel60/Tax_India/VAT/gujarat/gj_itc_cg.htm

Input Tax Credit Admitted on Capital Goods (Gujarat)

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. In the Stat Adjustment Details screen,

o     Select VAT in the Type of duty/tax field.

o     Select Reversal of Input Tax in the Nature of adjustment field.

o     Select Capital Goods in the Additional Details field.

3.    Debit the current asset ledger.

4.    Credit VAT ledger, and enter required details in VAT Details screen, as shown below:

5.    Credit additional tax ledger, and enter required details in VAT Details screen.

The journal voucher appears as shown below:

6.    Press Enter to save.