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https://help.tallysolutions.com/docs/te9rel63/Tax_India/VAT/Karnataka/KA_Reversal_of_ITC.htm

Reversal of Input Tax (Karnataka)

You can create a journal voucher for reversal of input tax.

To create a journal voucher of reversal of input tax

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

N ote: You can create a journal voucher from Gateway of Tally > Display > Statutory Reports > VAT > select the VAT form.

2. Click J : Stat Adjustment . In the Stat Adjustment Details screen,

o Select Type of duty/tax as VAT .

o Select Reversal of Input Tax as Nature of adjustment .

o Select Others in the Additional Details field.

o Press Enter to save, and return to the voucher.

3. Debit the expense ledger, and enter the value.

4. Credit the VAT ledger.

o Enter the VAT Details as shown below:

o Press Ctrl+A to accept.

The journal voucher appears as shown below:

5. Press Enter to save.