In Tally.ERP 9, you can record a journal voucher to account for the reversal of input tax.
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. Select Type of duty/tax as VAT.
4. Select Reversal of Input Tax as Nature of adjustment.
5. Select Excess Claimed Earlier in the Additional Details field. The Stat Adjustment Details screen appears as shown below:
6. Press Enter to save, and return to the voucher.
7. Debit the expense ledger, and enter the value.
8. Credit the VAT ledger.
o Enter the Rate, and Assessable Value in the VAT Details screen.
o Press Enter to return to voucher screen.
The journal voucher appears as shown below:
9. Press Enter to save.