Reversal of Input Tax (Rajasthan)

To create a journal voucher of reversal of input tax

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

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

3.     Debit the purchase ledger.

o      Select the Name of Item and enter the Amount in the Inventory Allocations screen.

o      Press Enter to return to voucher screen.

4.     Enter the amount in Debit column.

5.     Credit the VAT ledger.

o      Enter the VAT Details as shown below:

o      Press Enter to return to voucher screen.

The journal voucher appears as shown below:

6.     Press Enter to save.