Adjustment Towards TDS Certificate (VAT)
You can create a journal voucher to account for adjustment towards TDS certificate for Jharkhand VAT.
- 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.
- 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.
- 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. - Enter the amount in the Debit column.
- Credit the party ledger. The amount appears in the Credit column.
- 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:
- Enter the details TDS Certification Details.
- Accept the screen. As always, you can press Ctrl+A to save.