Journal Voucher for Increase in Output Tax - Trade Discount

To account for increase in output tax

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

2.     Click J: Stat Adjustment to enable the required options in the Stat Adjustment Details screen.

3.     Debit the sales ledger and enter the assessable value.

4.     Debit the output VAT ledger and enter the tax amount.

5.     Credit the party ledger. The journal voucher appears as shown below:

6.     Press Enter to save.