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https://help.tallysolutions.com/docs/te9rel64/Tax_India/gst/recording_a_jv_for_refund_of_tax_credit_under_gst.htm

Recording a Journal Voucher for Refund of Tax Credit under GST

You can claim the excess amount paid as tax, interest, penalty, late fee or other dues as refund using a journal voucher.

To record a journal voucher for refund

1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal .

2. Click J : Stat Adjustment .

3. In the Stat Adjustment Details screen, select the options as shown below:

4. Press Enter to save and return to the journal voucher.

5. Debit the bank ledger, and enter the amount of interest liability.

Note: To select bank or cash ledger, click F12: Configure and set the option Allow cash accounts in journal vouchers? to Yes in the Voucher Configuration screen.

6. Credit the GST ledgers or ledger grouped under Current Assets .

7. Press Ctrl+A to accept the journal voucher.

Similarly, you can record the journal voucher by selecting the Additional Details in the Stat Adjustment Details as:

Not Applicable , for refund of excess tax payment made.

Penalty , for refund of excess payment made towards penalty.

Late Fee , for refund of excess payment made towards late fee.

Others , refund of excess payment made towards other dues.