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Record Adjustment Towards TDS Certificate (VAT)

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

  1. Gateway of Tally > Vouchers > press F7 (Journal).
    Alternatively, press Alt+G (Go To) > Create Voucher > press F7 (Journal).
    Note: You can create a journal voucher from Gateway of Tally > Display More Reports > VAT Reports > select the VAT or CST form.
  2. Press Alt+J (Stat Adjustment). In the Stat Adjustment Details screen,
    • Select the option VAT in the Type of duty/tax field.
    • Select the option Increase of Output Tax in the Nature of adjustment field.
    • Select the option Advance Tax in Additional Details field.
    • Press Enter to save and return to the voucher screen.
  3. Debit the ledger grouped under Current Assets.
    As in other transactions, you can create the ledger on the fly by pressing Alt+C. Alternatively, press Alt+G (Go To) > Create Master > type or select Ledger > and press Enter.
  4. Enter the amount in the Debit column.
  5. Credit the party ledger. The amount appears in the Credit column.
  6. Set the option Provide VAT Details to Yes.
    • Enter the details TDS Certification Details.
    • Press Enter to save, and return to the journal voucher. The journal voucher appears as shown below:
  7. Accept the screen. As always, you can press Ctrl+A to save.
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