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https://help.tallysolutions.com/docs/te9rel51/Tax_International/Ghana/Purchase_Sales_Returns.htm

Purchase & Sales Returns

Purchase Returns

To create a debit note for purchase returns,

In F11: Features > F1: Accounting Features, set the following options to Yes:

  • Use Debit/Credit Notes

  • Use Invoice mode for Debit Notes

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

  1. Press the toggle key Ctrl+V to select the option As Invoice.

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

  3. Select the Purchase Returns Or Rejected flag from list of VAT Adjustments in the field Used For

  4. Select the required party ledger in the Party’s A/c Name field from the List of Ledger Accounts

  5. Select Purchase Ledger with the VAT/Tax class - Purchases - Imports @ 12.5% from the List of Ledger Accounts

  6. The VAT/Tax Class appears as Purchases - Imports @ 12.5% as it is defined in the ledger master

  7. Select the Name of Item from the List of Items. Enter the Quantity. The Rate appears automatically. The Forex Rate of Exchange screen will be displayed. Enter the rate of exchange

  8. Select input VAT ledger with the VAT/Tax class - Input VAT @ 12.5% on Imports. The exchange rate and the resultant value will be automatically calculated and displayed

  9. Select input NHIL ledger with the VAT/Tax class - Input NHIL @ 2.5%. The exchange rate and the resultant value will be calculated on the assessable value and displayed

  10. The field Show Statutory Details will be set to No

  1.  Press Y or Enter to accept the debit note.

Sales Returns

To create a credit note for sales returns,

In F11: Features > F1: Accounting Features, set the option Use Invoice mode for Credit Notes to Yes

Go to Gateway of Tally > Accounting Vouchers > Ctrl+F8: Credit Note

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

  2. Select the Goods Sold Returned from list of VAT Adjustments in the field Used For

  3. Select the required party ledger in the Party’s A/c Name field

  4. In the Party Details screen, enter/modify the required details

  5. Select Sales Ledger with the VAT/Tax class - Sales @ 12.5%

  6. The VAT/Tax Class appears as Sales @ 12.5% as it is defined in the ledger master

  7. Select the Name of Item and enter the Quantity. The Rate and Amount will be displayed automatically

  8. Select output VAT ledger with the VAT/Tax class -Output VAT @ 12.5%

  9. Select the output NHIL ledger with the VAT/Tax class - Output NHIL @ 2.5%

  10. The field Show Statutory Details will be set to No

  1.  Press Y or Enter to accept the voucher.

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