Recording Journal Vouchers for Adjustment Towards Entry Tax Paid (Gujarat)

To record journal voucher for adjustment towards entry tax paid

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 tax ledger created under the group Duties and Taxes.

o      Enter the Rate and Assessable Value in the VAT Details screen.

o      Press Enter to return to voucher.

4.     Debit additional tax ledger.

5.     Credit the ledger grouped under Current Assets, and enter the value.

The journal voucher appears as shown below:

6.     Press Enter to save.