Record GST Adjustments in TallyPrime

Last updated on: June 24, 2026 | ⏱ 3 min read

For TallyPrime 2.1 & earlier

You can use journal vouchers in TallyPrime to manage various GST adjustments such as reversing input tax credit, recording interest, penalties, late fees, refunds, and other liabilities.

Adjust Input Tax Credit (ITC)

In a Journal voucher, set the Type of duty/tax as GST in the Stat Adjustment Details screen.
1. Nature of Adjustment: Increase in Input Tax Credit or Reversal of Input Tax Credit, as needed.
2. Additional Details: Select the appropriate nature of adjustment.
Select Debit and Credit ledgers, and enter their amounts.
Press Ctrl+A to save.

GST Adjustment for Refunds

You can claim the excess amount paid as tax, interest, penalty, late fee or other dues as refund using a journal voucher.

Click here to know more about the natures of adjustment and ledgers to be debited and credit.

Additional Details	Ledgers to be Debited and Credited
Interest	Debit – Bank ledger Credit – Central and state tax or integrated tax, and cess ledgers, or current assets ledger
Late Fees	Debit – Bank ledger Credit – Central and state tax or integrated tax, and cess ledgers, or current assets ledger
Others	Debit – Bank ledger Credit – Central and state tax or integrated tax, and cess ledgers, or current assets ledger
Penalty	Debit – Bank ledger Credit – Central and state tax or integrated tax, and cess ledgers, or current assets ledger

In a Journal Voucher, press Alt+J (Stat Adjustment), and update the tax details in the Stat Adjustment screen.
1. Type of duty/tax: GST.
2. Nature of Adjustment: Refund.
3. Additional Details: Interest.
  Similarly, you can record the journal voucher by selecting the Additional Details in the Stat Adjustment Details as:
  - Not Applicable, for refund of excess tax payment made.
  - Penalty, for refund of excess payment made towards penalty.
  - Late Fee, for refund of excess payment made towards late fee.
  - Others, for refund of excess payment made towards other dues.
Press Enter to save and return to the Journal voucher.
Debit the bank ledger, and enter the amount of interest liability.
Credit the GST ledgers or ledger grouped under Current Assets.
Press Ctrl+A to save.

Adjustment for Opening Balance

You can record a journal voucher in TallyPrime to carry forward the closing balance of tax credits from the earlier tax regime to GST. Since these credits are not transferred automatically, you need to manually move them to the appropriate GST ledgers based on your GST start date.

TCS and TDS Adjustment in GST

In a Journal voucher, press, press Alt+J (Stat Adjustment), and update the tax details in the Stat Adjustment screen.
1. Type of duty/tax: GST.
2. Nature of Adjustment: Increase of Input Tax Credit.
3. Additional Details: TCS Adjustment or TDS Adjustment.
Press Enter to save and return to the Journal voucher.
Debit the integrated tax/central tax/state tax/UT tax/cess ledger and enter the amount that can be claimed as credit.
Credit the ledger grouped under Current Assets.
Press Ctrl+A to save.