Below is a brief description about the nature of adjustments in Tally.ERP 9 release 5.4, and how each adjustment corresponds to the adjustment flags available in previous releases. Journal vouchers for accounting adjustments can be recorded using the various nature of adjustments provided in 5.4.
VAT Adjustments - up to Release 4.93 |
Nature of Adjustment (From 5.4) |
Additional Details (From 5.4) |
Adjustment of Refund After Specified Period |
Refund of Input Tax |
Specified Period |
Adjustment Towards CST |
Decrease of Input Tax |
Against CST |
Adjustment Towards Refund Order |
Refund of Input Tax |
Refund Order |
Amount of Tax Deferred |
Decrease of Output Tax |
Tax Deferred |
Amount of Tax Exempted |
Decrease of Output Tax |
Tax Exempted |
Interest Payable |
Increase of Tax Liability |
Interest |
Reversal Input Tax Credit on Transfer |
Reversal of Input Tax |
Stock Transfer |
Reverse Credit - Goods Disposed Off Otherwise Than by Sale |
Reversal of Input Tax |
Goods disposed off otherwise than by sale |
Reverse Credit - Goods Given As Gift, Free Sample |
Reversal of Input Tax |
Goods Given As Gift, Free Sample |
Reverse Credit - Goods Used for Packing |
Reversal of Input Tax |
Goods Used for Packing |
Reverse Credit - Inter State Stock Transfer |
Reversal of Input Tax |
Inter State Stock Transfer |
Reverse Credit on Others |
Reversal of Input Tax |
Others |
Reverse Credit - Works Contract |
Reversal of Input Tax |
Works Contract |
Reverse Tax Credit - Used in Manufacture of Exempted Goods |
Reversal of Input Tax |
Manufacturing of Exempt Goods |
Tax Adjustment Towards Other Dealer's Dues |
Reversal of Input Tax |
Tax Adjustment Towards Other Dealer's Dues |
TDS Adjustment |
Decrease of Output Tax |
TDS Adjustments |