You can record a journal voucher for decrease in input tax.
To create journal voucher for decrease of input tax
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 the option VAT in the Type of duty/tax field.
o Select the option Decrease of Input Tax in the Nature of adjustment field.
o Press Enter to save, and return to voucher screen.
3. Debit the CST ledger.
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 the Debit column.
5. Credit the VAT ledger.
o Enter the Rate and Assessable Value in the VAT Details screen.
o Press Enter to return to the voucher screen.
6. Set the option Provide VAT Details? to Yes and enter the From and To dates, else retain the option as No .
Note: The option Provide VAT Details is provided as per state specific requirements of VAT/CST forms and annexures. In this example, Bihar is selected as the State .
7. Enter Narration , if required. The journal voucher appears as shown below:
8. Press Enter to save.
The states with Decrease of Input Tax available as the Nature of Adjustment are given below:
|
State Name |
Nature of Adjustment |
Additional Details |
Voucher Entry |
|
Andhra Pradesh |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
Assam |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
Bihar |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger or ledger grouped under Current Liabilities . |
|
Chandigarh |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
Tax Paid on Unsold Stock |
Debit: Ledger grouped under Current Assets . Credit: VAT ledger. |
||
|
Chhattisgarh |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
Against CST of capital goods |
Debit: CST ledger. Credit: VAT ledger. |
||
|
Dadra and Nagar Haveli |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger/ledger grouped under Current Liabilities . |
|
Change in Use of Goods, for Purchase Other Than for Which Credit Allowed |
Debit: Purchase ledger. Credit: VAT ledger. |
||
|
Other Adjustments |
Debit: Party Ledger. Credit: Purchase Ledger. Credit: VAT ledger. |
||
|
Delhi |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
Change in Use of Goods, for Purchase Other Than for Which Credit Allowed |
Debit: Purchase ledger. Credit: VAT ledger. |
||
|
Other Adjustments |
Debit: Party/expenses ledger. Debit: VAT ledger. Credit: Purchase ledger. |
||
|
Goa |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
Set Off Against Excess ITC Under Goa Sales Tax Act |
Debit: Expenses ledger. Credit: VAT ledger. |
||
|
Set Off Against Excess ITC Under Goa Tax on Entry of Goods Act |
Debit: Expenses ledger. Credit: VAT ledger. |
||
|
Set Off Against Excess ITC Under Goa VAT Act |
Debit: Expenses ledger. Credit: VAT ledger. |
||
|
Gujarat |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. Credit: Additional tax ledger. |
|
Haryana |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
Himachal Pradesh |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
Tax Paid on Unsold Stock |
Debit: Ledger grouped under Current Assets . Credit: VAT ledger. |
||
|
Jammu and Kashmir |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
Jharkhand |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
Madhya Pradesh |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
Maharashtra |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
Other Purchase Adjustment |
Debit: Expenses ledger. Credit: CST ledger. |
||
|
Other Purchase Adjustment (Capital Assets) |
Debit: Expenses ledger. Credit: CST ledger. |
||
|
Odisha |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
Credit note issued to buyer (excess VAT in sales) |
Debit: Party ledger. Credit: VAT ledger. |
||
|
Puducherry |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
Change in Use of Goods, for Purchase Other Than for Which Credit Allowed |
Debit: Purchase/expense ledger. Credit: VAT ledger. |
||
|
Other Adjustments |
Debit: Party/cash ledger. Credit: Purchase ledger. Credit: VAT ledger. |
||
|
Punjab |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Debit: Surcharge ledger. Credit: VAT ledger. Credit: Surcharge ledger. |
|
Tax not charged by the seller |
Debit: VAT ledger. Debit: Surcharge ledger. Credit: VAT ledger. Credit: Surcharge ledger. |
||
|
Tamil Nadu |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
Telangana |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
Uttarakhand |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger or ledger grouped under Current Liabilities . |
|
Refund Claim |
Debit: Refund claim ledger grouped under Current Assets . Credit: VAT ledger. |
||
|
Uttar Pradesh |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
West Bengal |
Decrease of Input Tax |
Against CST |
Debit: CST ledger. Credit: VAT ledger. |
|
Excess Claimed Earlier |
Debit: Purchases/expenses ledger. Credit: VAT ledger. |
