To account adjustments required in the process of business transactions, create journal vouchers.
To create a journal voucher
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 screen,
o Select Type of Duty/Tax as VAT .
o Select the Nature of Adjustment from the List of Nature of Adjustments .
Note: Based on the selection made for Nature of Adjustments , the Additional Details option will appear.
3. Debit the expenses or purchase ledger, and enter the value in the A mount field.
4. Credit the VAT ledger. Enter the VAT Rate and Assessable Value.
The journal voucher appears as shown below:
5. Press Enter to save.
'Input Tax Adjustment on Purchase from URDs (Andhra Pradesh)' has been shared with
