You can record the increase in output tax as Cash Discount on Sales by the creating a journal voucher for the same.
To account for increase in output 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 or CST form.
2. Click J : Stat Adjustment . In the Stat Adjustment Details screen,
o Select Type of duty/tax as VAT .
o Select Increase of Output Tax , as the Nature of adjustment .
o Select the Cash Discount on Sales in Additional Details section.
Note: Based on the selection made for Nature of Adjustment , the Additional Details option either appears or disappears.
o Press Ctrl+A to return to the voucher.
3. Debit the sales ledger and enter the assessable value.
4. Debit the output VAT ledger. Enter the Rate , Surcharge Rate and Assessable Value in VAT Details screen. Enter the tax amount.
5. Debit the surcharge ledger. Enter the Rate , Surcharge Rate and Assessable Value in VAT Details screen. Enter the tax amount.
6. Credit the party ledger. The journal voucher appears as shown below:
7. Press Enter to save.