A journal voucher is recorded to adjust the increase in input tax by selecting the Nature of Adjustment, Increasing Input Tax with relevant additional details.
To account for increase in input tax
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 expense ledger and enter the amount.
4. Credit the input VAT ledger. Enter the tax Rate and Assessable Value in VAT Details screen. The journal voucher appears as shown below:
5. Press Enter to save.