You can create a journal voucher for reversal of input tax.
To create a journal voucher of reversal of input tax
1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal .
N ote: You can create a journal voucher from Gateway of Tally > Display > Statutory Reports > VAT > select the VAT form.
2. Click J : Stat Adjustment . In the Stat Adjustment Details screen,
o Select Type of duty/tax as VAT .
o Select Reversal of Input Tax as Nature of adjustment .
o Select Others in the Additional Details field.
o Press Enter to save, and return to the voucher.
3. Debit the expense ledger, and enter the value.
4. Credit the VAT ledger.
o Enter the VAT Details as shown below:
o Press Ctrl+A to accept.
The journal voucher appears as shown below:
5. Press Enter to save.