A journal voucher is recorded to adjust the decrease in output tax by selecting appropriate nature of adjustment and additional details
To create journal voucher for decreasing output tax in lieu TDS paid
1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal.
2. Click J: Stat Adjustment to enable required options in Stat Payment Details screen.
3. Debit the VAT ledger created under the group Duties & Taxes.
o Enter the Rate and Assessable Value in the VAT Details screen.
o Press Enter to return to voucher screen.
4. Enter the amount in Debit column.
5. Credit the ledger created under the group Current Assets.
The journal voucher appears as shown below:
6. Enter Narration, if required.
7. Press Enter to save.