Below is a brief description about the nature of adjustments in Tally.ERP 9 release 5.5, 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 5.5.
|
VAT Adjustments - upto Release 4.93 |
Nature of Adjustment - From 5.5 |
|
|---|---|---|
|
Nature of Adjustment |
Additional Details |
|
|
Adjustments Towards Purchase of Capital Goods |
Input Tax Credit Admitted On Capital Goods |
--- |
|
Adjustment Towards CST |
Decrease of Input Tax |
Against CST |
|
Input Tax Credit Available on Opening Stock |
Increasing Input Tax |
Opening Stock |
|
Reverse Credit on Others |
Reversal of Input Tax |
Others |
|
Reverse Credit on Stock Transfer |
Reversal of Input Tax |
Stock Transfer |
|
Tax on URD Purchase |
Tax on URD Purchase |
--- |
|
TDS Adjustment |
Reducing Tax Liability |
TDS Adjustments |
Newly introduced VAT adjustments
|
Nature of Adjustment - From 5.5 |
|
|---|---|
|
Nature of Adjustment |
Additional Details |
|
Decrease in Sales |
--- |
|
Decrease of Output Tax |
Other Adjustments |
|
Decrease of Input Tax |
Refund Claim |
|
Input Tax Adjustment for Purchases From URDs |
--- |
'Journal Voucher (Uttarakhand)' has been shared with
