Record a Journal Voucher for TDS Adjustment in GST
The government or government agency can deduct TDS on the goods and services received. The deductee, who has supplied the goods or rendered the service, can claim the TDS amount as tax credit. You can record a journal voucher to adjust the TDS amount.
- Gateway of Tally > Vouchers > press F7 (Journal).
- Alternatively, press Alt+G (Go To) > Create Voucher > press F7 (Journal).
- Press Alt+J (Stat Adjustment) , select the options as shown below:
- Type of duty/tax – GST.
- Nature of Adjustment – Increase of Input Tax Credit.
- Additional Details – 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.
- Accept the screen. As always, you can press Ctrl+A to save.