To create a journal voucher for 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.
o Select VAT as Type of duty/tax.
o Select Refund of Input Tax as the Nature of adjustment.
o Select the option Not Applicable in Additional Details field.
o Press Enter to return to the voucher.
3. Debit the ledger grouped under Current Assets and enter the amount in Debit column.
4. Credit the VAT ledger and enter the tax Rate, and Assessable Value in the VAT Details screen.
The journal voucher appears as shown below:
5. Press Enter to save.