To record an adjustment entry for increase in tax, you have to create a journal voucher for the interest/penalty payable.
To create a Journal voucher for interest payable
1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal.
2. Click J: Stat Adjustment button.
3. Select the option VAT in the Type of Duty/Tax field.
4. Select the option Increase of Tax Liability in the Nature of Adjustment field.
5. Select the option Interest in Additional Details field.
6. Press Enter to return to voucher.
7. Debit the expense ledger created under the group Indirect Expenses and enter the value in the amount field.
8. Credit the ledger grouped under Current liabilities.
9. Set the option Provide VAT Details? to Yes and enter From and To date in the Refund Adjustment Details screen.
10. Press Enter to save.