This topic provides a brief description about the nature of adjustments in Tally.ERP 9 Release 5.3, 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 Release 5.3.
VAT Adjustments - upto Release 4.93 |
Nature of Adjustment (From 5.3) |
Additional Details (From 5.3) |
Adjustment Towards CST |
Decrease of Input Tax |
Against CST |
Adjustment Towards Refund Claim |
Refund of Input Tax |
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Amount of Tax Deferred |
Decrease of Output Tax |
Tax Deferred |
Input Tax Credit on Opening Stock |
Increasing Input Tax |
Opening Stock |
Interest Payable |
Increase of Tax Liability |
Interest |
Interest Payable on CST |
Increase of Tax Liability |
Interest |
Late Fees Payable |
Increase of Tax Liability |
Late Fees |
Reversal Input Tax Credit on Interstate Sales |
Reversal of Input Tax |
Interstate Sales |
Reverse Credit - Goods Disposed Off Otherwise Than by Sale |
Reversal of Input Tax |
Stock Transfer |
Reverse Credit on Others |
Reversal of Input Tax |
Others |
Reverse Credit - On Switch Over Option |
Reversal of Input Tax |
Switch Over |
Tax Adjustment on Capital Goods |
Input Tax Credit Admitted On Capital Goods |
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Tax on URD Purchase |
Tax on URD Purchase |
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