Purchase Returns Or Rejected

To create an entry for purchase returns,

Go to Gateway of Tally > Accounting Vouchers > Crl+F9: Debit Note

1. Enter the reference number in the Ref. field.

2. Select Purchase Returns Or Rejected in the Used for field.

3. Select the Party’s A/c Name from the List of Ledger Accounts.

4. Select the Purchase Ledger with the VAT/Tax class - Purchases @ 12%.

5. The VAT/Tax Class appears as predefined in ledger master.

6. Select the Name of Item from the List of Items. Enter the Quantity and Rate. The amount is automatically displayed in the Amount field.

7. Select another stock item, enter the quantity and rate.

8. Select input VAT ledger with VAT/Tax class - Input VAT @ 12% from the List of Ledger Accounts. The amount of Input VAT is calculated on the assessable value.

9. Set Show Statutory Details field to Yes/No as per requirement.

10. Enter the details in the field Narration, if required.

11. Press Y or Enter to accept and save.

Note: The credit value entered for purchase ledgers predefined with VAT/Tax class -  Purchases @ 12% in debit note or journal vouchers by selecting - Purchase Returns Or Rejected in the Used for field is captured in box 15. The assessable value entered for input VAT ledgers is displayed in Standard Rate column and the input VAT amount appears in Total Input Tax Claim column.