Adjustment Towards TDS Certificate (VAT)

You can create a journal voucher to account for adjustment towards TDS certificate for Jharkhand VAT.

To create journal voucher for increase of output tax

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 . In the Stat Adjustment Details screen,

o Select the option VAT in the Type of duty/tax field.

o Select the option Increase of Output Tax in the Nature of adjustment field.

o Select the option Advance Tax in Additional Details field.

o Press Enter to save and return to the voucher screen.

3. Debit the ledger grouped under Current Assets .

4. Enter the amount in the Debit column.

5. Credit the party ledger.

6. Set the option Provide VAT Details? to Yes .

o Enter the details TDS Certification Details .

o Press Enter to save, and return to the journal voucher.

The journal voucher appears as shown below:

7. Press Enter to save.