When doing sales returns, you can create credit notes for taxable goods against the original invoice.
To create a credit note for taxable goods
1. Go to Gateway of Tally > Accounting Vouchers > Crl+F8: Credit Note .
2. Enter the Original Invoice Number of sales invoice against which credit note is recorded.
3. Select the required Party’s A/c Name from the List of Ledger Accounts .
4. Enter the required details in Party Details screen.
5. Select the common sales ledger in the field Sales Ledger .
6. Select the required taxable stock item.
7. Enter the Quantity and Rate .
8. Enter the original price of the sales in Original sale value .
9. Select the required common VAT ledger.
Ledger must be grouped under Duties & Taxes in which the options:
o Type of duty/tax is set to VAT.
o Percentage of Calculation is set to zero.
10. Select the required surcharge ledger.
11. Select No to Provide VAT Details?
The credit note screen appears as shown below:
12. Press Enter to save.
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