Create a journal voucher for input tax credit on purchase from unregistered dealers.
To create journal voucher for input tax credit on purchase from unregistered dealers
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. Press Enter to save.