You can create a journal voucher for increase in tax liability.
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 to enable the required options in Stat Adjustment Details screen.
● In the Stat Adjustment Details screen,
o Select the option VAT in the Type of duty/tax field.
o Select the option Increase of Tax Liability in the Nature of adjustment field.
o Select the option Interest in Additional Details field.
o Press Enter to save and return to voucher screen.
3. Credit the ledger grouped under Indirect Expenses .
4. Enter the amount in the Debit column.
5. Debit the ledger grouped under Current Liabilities .
6. Set the option Provide VAT Details? to Yes , and enter the relevant details.
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 Increase of Tax Liability available as the Nature of Adjustment are given below:
|
State Name |
Nature of Adjustment |
Additional Details |
Voucher Entry |
|
Andhra Pradesh |
Increase of Tax Liability |
Interest |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
|
Penalty |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Assam |
Increase of Tax Liability |
Interest |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
|
Interest, Penalty, Other Dues |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Penalty |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Bihar |
Increase of Tax Liability |
Additional Tax |
Debit: VAT ledger. Credit: Ledger grouped under Indirect Expenses / Current Liabilities . |
|
Interest |
Debit: Expenses ledger. Credit: VAT/CST ledger or ledger grouped under Current Liabilities . |
||
|
Penalty |
Debit: Expenses ledger. Credit: VAT/CST ledger or ledger grouped under Current Liabilities . |
||
|
Surcharge |
Debit: VAT ledger. Credit: Ledger grouped under Indirect Expenses / Current Liabilities . |
||
|
Chandigarh |
Increase of Tax Liability |
Sales by Hire Purchase Or Instalment Purchase |
Debit: VAT ledger. Credit: Ledger grouped under Current Liabilities . |
|
Schedule H Items |
Debit: Expenses ledger. Credit: VAT ledger. |
||
|
Chhattisgarh |
Increase of Tax Liability |
Interest |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
|
Dadra and Nagar Haveli |
Increase of Tax Liability |
Interest, Penalty, Other Dues |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
|
Tax Payable on Goods Held on the Date of Cancellation of Registration |
Debit: Expenses ledger. Credit: VAT ledger. |
||
|
Delhi |
Increase of Tax Liability |
Interest |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
|
Penalty |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Tax Payable on Goods Held on the Date of Cancellation of Registration |
Debit: Expenses ledger Credit: VAT ledger. |
||
|
Gujarat |
Increase of Tax Liability |
Interest |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
|
Penalty |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Himachal Pradesh |
Increase of Tax Liability |
Interest, Penalty, Other Dues |
Debit: Expenses ledger or ledger grouped under Current Liabilities . Credit: VAT ledger. |
|
Jharkhand |
Increase of Tax Liability |
Interest |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
|
Penalty |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Tax Deferred |
Debit: VAT ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Karnataka |
Increase of Tax Liability |
Interest |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
|
Others |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Kerala |
Increase of Tax Liability |
Interest |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
|
Penalty |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Settlement Fee Payable |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Madhya Pradesh |
Increase of Tax Liability |
Interest |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
|
Maharashtra |
Increase of Tax Liability |
Interest |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
|
Late Fees |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Switch Over |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Odisha |
Increase of Tax Liability |
Interest |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
|
Puducherry |
Increase of Tax Liability |
Interest |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
|
Others |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Penalty |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Tax Payable on Goods Held on the Date of Cancellation of Registration |
Debit: Expenses ledger. Credit: VAT ledger. |
||
|
Punjab |
Increase of Tax Liability |
Interest |
Debit: Expense ledger. Credit: VAT ledger. Credit: Surcharge ledger. |
|
Others |
Debit: Expense ledger. Credit: VAT ledger. Credit: Surcharge ledger. |
||
|
Other Payments |
Debit: Expense ledger. Credit: VAT ledger. Credit: Surcharge ledger. |
||
|
Penalty |
Debit: Expense ledger. Credit: VAT ledger. Credit: Surcharge ledger. |
||
|
Purchase Tax Sch. H Items |
Debit: Ledger grouped under Current Assets . Credit: VAT ledger. Credit: Surcharge ledger. |
||
|
Rajasthan |
Increase of Tax Liability |
Interest |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
|
Late Fees |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Switch Over |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Telangana |
Increase of Tax Liability |
Interest |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
|
Penalty |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Uttar Pradesh |
Increase of Tax Liability |
Compounding Scheme Liability |
Debit: Expenses ledger. Credit: VAT ledger. |
|
Switch Over |
Debit: Expenses ledger. Credit: VAT ledger. |
||
|
West Bengal |
Increase of Tax Liability |
Interest |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
|
Interest Payable Under Section 33 |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Late Fees |
Debit: Expenses ledger. Credit: Ledger grouped under Current Liabilities . |
||
|
Short Paid Earlier |
Debit: VAT ledger. Credit: sales/income ledger. |
