To account for input tax refund
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 ledger grouped under Current Assets.
4. Enter the amount in Debit column.
5. Credit the input VAT ledger.
o Enter the Rate, Assessable Value and Schedule Serial No., and select the Schedule Name in the VAT Details screen.
o Press Enter to return to voucher screen.
The journal voucher appears as shown below:
6. Press Enter to save.