https://help.tallysolutions.com/docs/te9rel63/Tax_India/VAT/West_Bengal/Decrease_of_Input_Tax.htm

Recording Decrease of Output Tax (West Bengal)

A journal voucher is created to adjust the decreasing output tax in lieu of Tax Deferred by selecting the flag Decrease of Output Tax .

To create journal voucher for decreasing output tax in lieu of Tax Deferred

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 . In the Stat Adjustment Details screen,

o Select Type of duty/tax as VAT .

o Select the option Decrease of Output Tax in the field Nature of adjustment .

o Select the option Tax Deferred in the field Additional Details for tax deferred adjustment entry.

or

o Select the option Tax Paid in Excess for decreasing output tax in lieu of tax paid in excess.

o Press Enter to save and return to voucher screen.

3. Debit the VAT ledger created under the group Duties & Taxes .

o Enter the Rate and Assessable Value in the VAT Details screen.

o Press Enter to return to voucher screen.

4. Enter the amount in Debit column.

5. Credit the ledger created under the group Current Assets .

The journal voucher appears as shown below:

6. Press Enter to accept.