Release Notes
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Recording a Transaction for Decrease of Output Tax

You can record a journal voucher decrease in output tax.

To create journal voucher for decrease of output 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. In the Stat Adjustment Details screen,

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

o Select the option Decrease of Output Tax in the Nature of adjustment field.

o Select the option Tax Deferred in Additional Details field.

o Press Enter to save and return to voucher screen.

3. Debit the VAT ledger.

o Enter the Rate and Assessable Value in the VAT Details screen.

o Press Enter to return to voucher screen.

4. Enter the amount in the Debit column.

5. Credit the ledger grouped under Current Liabilities.

6. Set the option Provide VAT Details to Yes and enter the From and To dates, else retain it as No.

7. Enter Narration, if required. The journal voucher appears as shown below:

8. Press Enter to save.

The states with Decrease of Output Tax available as the Nature of Adjustment are given below:

State Name	Nature of Adjustment	Additional Details	Voucher Entry
Andhra Pradesh	Decrease of Output Tax	TDS Adjustments	Debit: VAT ledger. Credit: Ledger grouped under Current Assets.
Assam	Decrease of Output Tax	Not Applicable	Debit: VAT ledger. Credit: Income/sales ledger.
		Reversal of Labour and Service Charges	Debit: Sales ledger. Debit: VAT/CST ledger. Credit: Income ledger (predefined with the nature of transaction Labour Charges Collected or Interstate Labour Charges Collected).
		TDS Adjustments	Debit: VAT ledger. Credit: Ledger grouped under Current Assets.
Bihar	Decrease of Output Tax	Adjustment Against Tax Liability On Subsequent Sales	Debit: VAT ledger. Credit: Ledger grouped under Indirect Incomes/Current Liabilities.
		Rebate	Debit: VAT ledger. Credit: Income ledger.
		Tax Deferred	Debit: VAT ledger. Credit: Ledger grouped under Current Liabilities.
		Tax Paid in Excess	Debit: VAT ledger. Credit: Ledger grouped under Current Assets.
Chandigarh	Decrease of Output Tax	Not Applicable	Debit: Sales ledger. Debit: VAT ledger. Credit: Expenses ledger.
		Adjustment of Output VAT Against Notional ITC	Debit: Expenses ledger. Credit: VAT ledger.
		Cash Discount on Sales	Credit: Party ledger. Debit: Sales ledger. Debit: VAT ledger.
		TDS Adjustments	Debit: VAT ledger. Credit: Ledger grouped under Current Assets.
		TDS on Works Contract	Debit: VAT ledger. Credit: Ledger grouped under Current Assets.
Chhattisgarh	Decrease of Output Tax	Other Adjustments	Debit: Sales ledger. Debit: VAT ledger Credit: Party ledger or ledger grouped under Current Assets.
		Tax Deferred	Debit: VAT ledger. Credit: Ledger grouped under Current Assets.
		Tax Deferred on Purchase of Goods	Debit: VAT ledger. Credit: Ledger grouped under Current Assets.
		Tax Paid by Sub Contractor	Debit: Sales ledger. Debit: VAT ledger. Credit: Sales ledger. Credit: Party ledger.
		TDS Adjustments	Debit: VAT ledger. Credit: Ledger grouped under Current Assets.
Dadra and Nagar Haveli	Decrease of Output Tax	Bad Debts Written Off	Debit: Expense ledger. Debit: VAT ledger. Credit: Party ledger.
		Other Adjustments	Debit: Sales ledger. Debit: VAT ledger. Credit: Party ledger.
		TDS Adjustments	Debit: VAT ledger. Credit: Ledger grouped under Current Assets.
Delhi	Decrease of Output Tax	Bad Debts Written Off	Debit: VAT ledger. Debit: Expenses ledger. Credit: Party ledger.
		Against CST	Debit: CST Ledger. Credit: VAT ledger.
		Other Adjustments	Debit: Sales ledger. Debit: VAT ledger Credit: Party ledger.
		Reversal of Labour and Service Charges	Debit: Sales ledger. Debit: VAT ledger. Credit: Expense ledger.
		TDS Adjustments	Debit: VAT ledger. Credit: Ledger grouped under Current Assets.
Gujarat	Decrease of Output Tax	Deposit on Voluntary Registration	Debit: VAT ledger. Debit: Additional tax ledger. Credit: Ledger grouped under Current Assets.
		Sales of Commission Agent	Debit: VAT ledger. Debit: Additional tax ledger. Credit: Party ledger.
		TDS Adjustments	Debit: VAT ledger. Debit: Additional tax ledger. Credit: Ledger grouped under Current Assets.
		Towards Remission u/s 41	Debit: VAT ledger. Debit: Additional tax ledger. Credit: Income ledger.
Haryana	Decrease of Output Tax	Tax Paid in Excess	Debit: VAT ledger. Credit: Ledger grouped under Current Liabilities.
Himachal Pradesh	Decrease of Output Tax	Excess Paid	Debit: VAT ledger. Credit VAT ledger.
		Purchase from Exempted Unit	Debit: VAT ledger Credit: Expenses ledger.
		Purchase of Schedule-C Goods	Debit: VAT ledger. Credit: Expense ledger.
Jharkhand	Decrease of Output Tax	Reversal of Labour and Service Charges	Debit: Sales ledger. Debit: VAT/CST ledger. Credit: Labour charges ledger (with nature of transaction Labour Charges Collected or Interstate Labour Charges Collected).
Jharkhand	Decrease of Output Tax	TDS Adjustments	Debit: VAT ledger. Credit: Ledger grouped under Current Assets.
Karnataka	Decrease of Output Tax	Reversal of Labour and Service Charges	Debit: VAT ledger. Credit: Expenses ledger.
		TDS Adjustments	Debit: VAT ledger. Credit: Ledger grouped under Current Assets.
		Tax Deferred	Debit: VAT ledger. Credit: Ledger grouped under Current Liabilities.
		Tax Paid in Excess	Debit: VAT ledger. Credit: Ledger grouped under Current Liabilities.
Kerala	Decrease of Output Tax	Advance Tax	Debit: VAT/CST ledger. Credit: Ledger grouped under Current Liabilities.
Kerala	Decrease of Output Tax	Tax Deferred	Debit: VAT ledger. Credit: Ledger grouped under Current Liabilities.
Madhya Pradesh	Decrease of Output Tax	Tax Deferred	Debit: VAT/CST ledger. Credit: Ledger grouped under Current Liabilities.
		Tax Exempted	Debit: VAT/CST ledger. Credit: Ledger grouped under Current Assets.
		Tax Paid in Excess	Debit: VAT/CST ledger. Credit: Ledger grouped under Current Liabilities.
		TDS Adjustments	Debit: VAT/CST ledger. Credit: Ledger grouped under Current Assets.
Maharashtra	Decrease of Output Tax	Works Contract - Labour/other charges	Debit: VAT ledger. Credit: Expenses ledger.
Odisha	Decrease of Output Tax	Advance Tax	Debit: VAT ledger. Credit: Ledger grouped under Current Assets.
		Credit note issued by seller (excess VAT in purchase)	Debit: VAT ledger. Credit: Party ledger.
		Tax Paid in Excess	Debit: VAT ledger. Credit: Ledger grouped under Current Liabilities.
Puducherry	Decrease of Output Tax	Other Adjustments	Debit: Sales ledger. Debit: VAT ledger. Credit: Party/cash ledger.
		Tax on URD Purchase	Debit: VAT ledger. Credit: Expense ledger.
		TDS Adjustments	Debit: VAT ledger. Credit: Ledger grouped under Current Assets.
Punjab	Decrease of Output Tax	Adjustment of Output VAT Against Notional ITC	Debit: VAT ledger. Debit: Surcharge ledger. Credit: Notional tax ledger (the option Use for Notional ITC? has to be enabled in the ledger master).
		Cash Discount on Sales	Debit: Sales ledger. Debit: VAT ledger. Debit: Surcharge ledger. Credit: Party ledger.
		TDS Adjustments	Debit: VAT ledger. Debit: Surcharge ledger. Credit: Ledger grouped under Current Assets.
		Trade Discount	Debit: Sales ledger. Debit: VAT ledger. Debit: Surcharge ledger. Credit: Party ledger.
Rajasthan	Decrease of Output Tax	Tax Deferred	Debit: VAT ledger. Credit: Ledger grouped under Current Liabilities.
Telangana	Decrease of Output Tax	TDS Adjustments	Debit: VAT ledger. Credit: Ledger grouped under Current Assets.
Uttarakhand	Decrease of Output Tax	Other Adjustments	Debit: Sales ledger. Debit: VAT ledger. Credit: Party ledger.
West Bengal	Decrease of Output Tax	Tax Deferred	Debit: VAT/CST ledger. Credit: Ledger grouped under Current Liabilities. or Debit: Ledger grouped under Current Liabilities. Credit: VAT/CST ledger.
West Bengal	Decrease of Output Tax	Tax Paid in Excess	Debit: VAT/CST ledger. Credit: Ledger grouped under Current Assets.

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Tally.ERP 9 Topics

Recording a Transaction for Decrease of Output Tax