Nature of Adjustments in Journal Voucher - Release 4.93 vs 5.2 (Puducherry)

Below is a brief description about the nature of adjustments in Tally.ERP 9 release 5.2, 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 5.2.

VAT Adjustments - upto Release 4.93	Type of Duty/Tax (From 5.0)	Nature of Adjustment (From 5.2)	Additional Details (From 5.2)
Adjustment Towards CST	VAT and CST	Decrease Of Input Tax	Against CST
Adjustment Towards Refund Claim	VAT	Refund of Input Tax
Change in Use of Goods, for Purchase Other Than for Which Credit Allowed	VAT	Decrease Of Input Tax Increase of Output Tax	Change in Use of Goods, for Purchase Other Than for Which Credit Allowed
Goods Lost, Stolen Or Destroyed, Used As Gift, Sample	VAT	Reversal of Input Tax	Goods Lost, Stolen Or Destroyed, Used As Gift, Sample
Input Tax Credit Admitted On Capital Goods	VAT	Input Tax Credit Admitted On Capital Goods
Interest Payable	VAT	Increase of Tax Liability	Interest
Other Adjustments (Sales)	VAT	Increase of Output Tax/Decrease of Output Tax	Other Adjustments
Other Adjustments (Purchase)	VAT	Increasing Input Tax/Decrease of Input Tax	Other Adjustments
Penalty Due	VAT	Increase of Tax Liability	Penalty
Tax Adjustment Towards Other Dealers' Dues	VAT	Reversal Of Input Tax	Tax Adjustment Towards Other Dealer's Dues
Tax Adjustment Towards Transfer of Right to Use	VAT	Increasing Input Tax	Tax Adjustment Towards Transfer of Right to Use
Tax Credit Disallowed in Respect of Branch/Consignment Transfer	VAT	Reversal of Input Tax	Tax Credit Disallowed in Respect of Branch/Consignment Transfer
Tax Credit for Goods Held on the Date of Withdrawal From Composition Scheme	VAT	Increasing Input Tax	Switch Over
Tax Credit for Purchase of Second-Hand Goods	VAT	Increasing Input Tax	Tax Credit for Purchase of Second-Hand Goods
Tax Credit for Trading Stock and Raw Materials Held at the Time of Registration	VAT	Increasing Input Tax	Opening Stock
Tax on URD Purchase	VAT	Tax on URD Purchase
Tax on URD Purchase	VAT	Decrease of Output Tax	Tax on URD Purchase
Tax Payable on Goods Held on the Date of Cancellation of Registration	VAT	Increase of Tax Liability	Tax Payable on Goods Held on the Date of Cancellation of Registration
TDS Adjustment	VAT	Decrease of Output Tax	TDS Adjustment
Tax on URD Purchase	VAT	Input Tax Adjustment for Purchases From URDs
	CST	Increase of Tax Liability	Penalty
	CST	Increase of Tax Liability	Interest
	CST	Increase of Tax Liability	Others
	CST	Reducing Tax Liability	Advance Tax
	CST	Reducing Tax Liability	Refund

To create a journal voucher

1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal.

2. Click J: Stat Adjustment, to view the Stat Adjustment Details screen.

o Select VAT as Type of duty/tax.

o Select the required adjustment, for example, Reversal of Input Tax, from the List of Nature of Adjustments.

o Select the required Nature of Adjustments in Additional Details field.

Note: Based on the Nature of adjustments selected, the Additional Details option will appear or disappear.

3. Debit the purchases ledger grouped under Purchase Accounts, and enter the value in the Debit column.

4. Credit the VAT ledger.

o Enter the VAT Details as shown below:

o Press Enter.

The journal voucher appears as shown below:

5. Press Enter to save.