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https://help.tallysolutions.com/docs/te9rel51/Tax_International/Kenya_VAT/sales_returns.htm

Sales Returns

To create an entry for sales returns,

Set the option Use Invoice mode for Credit Note to Yes in F11: Features > Accounting Features

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

  1. Enter the original sales invoice number and date in the Original Invoice No. and Original Invoice Dt. fields. These details will be captured in Relevant Invoice Number and Relevant Invoice Date columns of e-return.

  2. Select Goods Sold Returned in the Used for field.

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

  2. Select the Purchase Ledger with the VAT/Tax class - Sales @ 16%.

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

  4. Select the Name of Item from the List of Items.

  5. Enter the Quantity and Rate. The amount is automatically displayed in the Amount field.

  6. Select Output VAT ledger with the VAT/Tax class - Output VAT @ 16%. The amount of Output VAT gets calculated on the assessable value.

  7. Select the Type of Device, the Device number will be captured automatically. Maximum of 20 characters is allowed for Device No. field.

  8. In Brief Desc for VAT field, enter the brief description of the goods being sold.

  9. In Bill-wise Details screen, select the bill against which the goods are returned

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

  1. Press Y or Enter to accept and save.

Note: The assessable value of entries made in debit note by selecting Sales Returns Or Rejected in the Used for field is captured in

 

* Box 1: Return of goods sold using the VAT/Tax Class Sales @ 16%

* Box 2: Return of goods sold using the VAT/Tax Class Sales @ 12%

* Box 3: Return of goods sold using the VAT/Tax ClassSales - Zero Rated  

* Box 4 : Return of goods sold using the VAT/Tax Class Sales-Exempt & Export

 

of Form VAT 3 under Value Excl. VAT field. The Output vat is captured in box 1 & 2 under VAT Charged field.

 

The Sales Returns can also be accounted through Journal Voucher using the flag Goods Sold Returned.

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