STAT Adjustment Flags (Kenya)

The stat adjustment flags provided in Tally.ERP 9 are detailed in this topic.

Flag in 4.93 or older version

Nature of adjustment (> 5.2)

Additional Details (> 5.2)

Journal Entry (> 5.2)

Adjustment Towards Credit Adjustment voucher\Inventory Approval order

Increasing Input Tax

Opening Stock

Dr Input VAT

Cr Assets

Adjustment of VAT withheld

Increasing Input Tax

Vat Withheld

Dr Output VAT

Cr Party

Non-Deductible input tax

Reversal of Input Tax

Only Exempt

Dr Expenses

Cr Input VAT

Non-Deductible input tax

Reversal of Input Tax

Taxable and Exempt

Dr Expenses

Cr Input VAT

Adjustment Towards Refund Claim

Refund of Input tax

Refund Claim

Dr Refund Claimed/Current assets

Dr Input VAT