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VAT Refund Claim (Kenya)

To create VAT refund claim, you have to create record a journal voucher and set Refund of Input Tax as the Nature of adjustment.

To create a journal voucher for refund

1.    Go to Gateway of Tally > Accounting Vouchers > F7: Journal.

2.    Click J: Stat Adjustment to enable the required options in the Stat Adjustment Details screen.

o     Select Refund of Input Tax, as the Nature of adjustment.

Note: Based on the selection made for Nature of Adjustments, the Additional Details option will appear or disappear.

o     Press Enter to return to the voucher.

3.    Debit the ledger grouped under Current Assets.

4.    Enter the amount.

5.    Credit the VAT ledger.

The journal voucher appears as shown below:

6.    Press Enter to save.