You can record input tax credit admitted on capital goods by creating a journal voucher.
To avail input tax credit for purchase of capital goods
1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal .
Note: 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 .
o Select VAT as the Type of duty/tax .
o Select Input Tax Credit Admitted On Capital Goods as the Nature of adjustment .
3. Debit VAT ledger, enter required details in VAT Details screen.
o Press Enter .
4. Debit additional tax ledger.
5. Credit the current assets ledger that was debited in the capital goods purchase transaction.
The journal voucher appears as shown below:
6. Press Enter to save.