Kindly advice how to create the VAT Adjustment Class in Tally ERP 9. I have tried to create one by follwing the path Accounts Info>Voucher Types>Alter>Journal. But the "Name of Class" field gets skipped in the Voucher Type alteration screen.
Pranjal (Student CA IPC / IPCC) (531 Points)
10 April 2016Kindly advice how to create the VAT Adjustment Class in Tally ERP 9. I have tried to create one by follwing the path Accounts Info>Voucher Types>Alter>Journal. But the "Name of Class" field gets skipped in the Voucher Type alteration screen.
Subramanya
(Tax Consultant)
(523 Points)
Replied 12 April 2016
Incase of Rel 5.x, you can directly go to Gateway of Tally >> Accounting Vouchers >> F7: Journal Voucher. In creation/alteation screen click on Stat Adjustment button to pass VAT adjustment entries.
Tally Gyan
(MBA)
(430 Points)
Replied 27 May 2016
First of all you need to create the Voucher class for the journal entry.
Go to Gateway of Tally > Accounts Info. > Voucher type > Alter > Select Journal.
Most of the fields are already completed as the voucher type is in the alteration mode.
Hence tab down to the field Name of Class.
Enter VAT Adjustment Class under the Name of Class field and press Enter. In the
voucher type class screen, set Use Class for VAT Adjustments to Yes.
For know the more details you need to subscribe the complete e-book of Advanced tally with below mentioned link :-
Sethi Account Solutions
2 Days Certification Course on Chat GPT and AI Tools for Professionals
CAclubindia
