In Tally.ERP 9, you can record a journal voucher to account for the reversal of tax.
To record a journal voucher for reversal of 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 expense ledger grouped under Indirect Expenses, and enter the value.
4. Credit the tax ledger created under the group Duties and Taxes.
5. Enter the Rate, Addl. Rate, Assessable Value, Commodity Name and Commodity Code in the VAT Details screen, and press Enter.
The journal voucher appears as shown below:
6. Press Enter to save.