Answer / indira gokul

in tally
in journal we can pass this adjustment entry.

by out put vat a/c dr.
to input vat a/c
to vat payable (current liabilities)

the formula is
ourput vat - inputvat = Vat payable

Answer / arnab

debit vat output a/c & credit vat input a/c to the extent
input credit can be taken for the month /period

Answer / amir

output vat a/c.......dr
to input vat a/c
to vat payble a/c

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