https://help.tallysolutions.com/docs/te9rel63/Tax_India/VAT/Maharashtra/MH_JV_Inc_Tax_Liability.htm

Increasing Tax Liability (Maharashtra)

In Tally.ERP 9, you can record a journal voucher to account for the increase of tax liability.

To create a journal voucher for increasing tax liability

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 to enable required options in the Stat Adjustment Details screen.

o Select Type of duty/tax as VAT .

o Select Increase of Tax Liability as the Nature of adjustment .

o Select the option Interest in Additional Details field. The Stat Adjustment Details screen appears as shown below:

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

3. Debit the expense ledger and enter the amount.

4. Credit the ledger grouped under Current Liabilities .

The journal voucher appears as shown below:

5. Press Enter to save.