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

Recording Refund of Input Tax (Maharashtra)

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

To create a journal voucher for refund

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 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 Refund of Input Tax as the Nature of adjustment .

o Select Not Applicable in the field Additional Details . The Stat Adjustment Details screen appears as shown below:

o Press Enter to save and return to voucher screen.

Note: Based on the selection made for Nature of adjustment , the Additional Details option is displayed.

3. Debit the ledger grouped under Current Assets and enter the amount.

4. Credit the VAT ledger.

5. Enter the tax Rate , and Assessable Value in the VAT Details screen.

6. Press Enter to return to voucher screen.

The journal voucher appears as shown below:

7. Press Enter to save.