You can record a journal voucher for decrease in sales.
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 Decrease in Sales in the Nature of adjustment field.
o Press Enter to save and return to voucher screen.
3. Debit the interstate sales ledger.
4. Enter the amount in the Debit column.
5. Debit the CST ledger.
o Enter the Rate and Assessable Value in the VAT Details screen.
o Press Enter to return to voucher screen.
6. Enter the amount in Debit column.
7. Credit the interstate sales ledger predefined with the nature of transaction Interstate Sales Exempt .
8. Set the option Provide VAT Details to Yes and enter the From and To dates, else retain it as No .
9. Enter Narration , if required. The journal voucher appears as shown below:
10. Press Enter to save.
The states with Decrease in Sales available as the Nature of Adjustment are given below:
|
State Name |
Nature of Adjustment |
Additional Details |
Voucher Entry |
|
Bihar |
Decrease in Sales |
--- |
Debit: Sales ledger with nature of transaction provided for taxable interstate sales. Debit: CST ledger. Credit: Sales ledger with nature of transaction Interstate Sales Exempt . |
|
Gujarat |
Decrease in Sales |
--- |
Debit: Sales ledger with nature of transaction provided for taxable interstate sales. Credit: Sales ledger with nature of transaction Interstate Sales Exempt . |
|
Jharkhand |
Decrease in Sales |
Sales Outside the State |
Debit: Sales ledger with nature of transaction provided for taxable interstate sales. Credit: Sales ledger with nature of transaction Interstate Sales Exempt . |
|
Maharashtra |
Decrease in Sales |
Deduction U/s 6A of Earlier Law (On Going) |
Debit: Sales ledger with nature of transaction Sales - Works Contract - Ongoing . Debit: VAT ledger Credit: Sales ledger with nature of transaction Sales Exempt - Works Contract - Ongoing . |
|
Punjab |
Decrease in Sales |
--- |
Debit: Sales ledger with the nature of transaction Interstate Sales - Against Form C . Debit: CST ledger. Credit: Sales ledger with the nature of transaction Interstate Sales - Exempt . Credit: Branch/division ledger. |
|
Uttar Pradesh |
Decrease in Sales |
--- |
Debit: Sales ledger with nature of transaction provided for taxable interstate sales. Credit: Sales ledger with nature of transaction Interstate Sales Exempt . |